train your brain to glorify not losing as much as it enjoys winning


you're going to need that vindication the next time the market forces you to manage your risk
the trade I'm showing was 'high conviction', and incredibly clean - pretty much exactly what I would look for
a beautiful breakout of a key region: a very HTF trend reclaim in combination with a key support level. confluence on lower timeframes around that area as well if you were to zoom in.
with some discretionary backtesting, if I had taken the exact same setup at any other point in the past 5+ years, it would have paid off in multiples every single time - unfortunately for me, I only started trading stocks again in Nov of last year
bad luck, poor variance, universal spite, whatever you want to call it, it doesn't matter. the trade simply didn't work
it's on me to do something about it, instead of holding out hope for a magical reversal
we're trading an additional -30% lower from where I cut; -40% from where I entered
that's vindicating; I continue to prove to myself that I'm allowed to go ahead and take great trades, because I'll be able to accept losses if I'm wrong
so, if you want to win, you need to learn to manage your risk.
and managing your risk preserves capital, and confidence, that you'll be able to repeat that behavior when necessary.
Rome wasn't built in a day,
but it burned down in six.
lesson in there.
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