Why Your First Loss Is Your Best Loss! ☝️

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Why your first loss is often your best loss! Why is that? when you've lost lots of money in the market yourself that normally comes with a succession of losers; you may be trading poorly and the problem spirals out of control. Taking one loss is unlikely to damage us that much. but there is something about that loss that triggers something in us that results in more losses; perhaps because our trading discipline isn't holding up or our trading is not conducive for the market conditions we are experiencing. OK.
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[@ukspreadbetting]

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[@azimmomin3790]

Over time I’ve realized that the best traders out there are not doing anything really spectacular they are just very disciplined and consistent.

[@JustinMcNabbIreland]

This happened to me last week, i took trade and the first mistake was i increased my original target. So the actual trade would have won. Also on this day i somehow forgot news was out but outside of trading there was a lot of pretty bad stuff happening so my mind was fragile anyway. So news can and stop me out and then i done something i hadnt done in a long time but i took multiple trades trying to fade the news and lost them all. I was kicking myself after that 1 loss turned into 5 losses in no time

[@eightbo]

Mark you spoil us. Great content as always.

[@bulltraderpt]

Hi, I would be interested if you could tell us which books you have next to your screen please? I can see the play book, the pit bull and reminiscences of a stock operator, but it would be great if you could yell us the others, thanks.

[@lombardo141]

So true. One win or loss I walk away. It’s not easy man! 😅

[@azimmomin3790]

Thanks for the reminder just did this on Friday a beautiful week as at Thursday ended in huge red.

[@liontrading7837]

great videos

[@bulltraderpt]

I have been there, it's not a great mind set to be in. Good observation.

[@GreenEyedGod27]

I have those mugs!