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@jtrader When a trade hits your stop, you have two choices: follow your old amateur habits or follow your new professional process. Your choice defines your account balance.
Stop calling them "losses."
A loss implies a mistake.
In trading, a hit stop loss is simply the "Cost of Goods Sold."
A restaurant doesn't mourn the money spent on electricity or ingredients; itβs a required expense to generate revenue.
Your stop-loss is the electricity bill for your trading business.
If you take a loss personally, you will eventually try to "win it back," which is the fastest way to turn a business expense into a bankruptcy filing.
The moment you shift from "I was wrong" to "The market just collected its fee," you become untouchable.
The market can take your capital, but it can never take your peace.
@jtrader Amateurs look for the "rush" of a big win. If you are trading for excitement, the market will eventually charge you a very high price for that entertainment.
@TraderDivergent The market does not provide a great opportunity every day. Successful traders have the patience to sit on their hands and wait. This "waiting" is a skill in itself. We look for traders who have the maturity to stay flat when the market is messy.
Most people dabble into trading.
They have one foot out of the door.
They have a plan B 'just in case'.
The ones who go all in become profitable.
Obsession isn't a weakness - it's a super power
@AtifHussainOG Indicators are just math based on the past. Liquidity tells you where the market wants to go in the future. Itβs the fuel for every move.
@AtifHussainOG If there isn't a clear sweep to hide your stop behind, the trade doesn't have a high probability. Be patient and wait for the market to give you a wall to lean on.