How to take a Loss

How to take a LossLesson 7 of 94 min read

Trade like a machine

Following the plan step by step, and recognising the days when you are in no state to follow anything.

Everything in this module points at one behaviour. The plan decides, and you carry it out.

Follow the steps

A plan is a list of conditions and an action. When every condition is met you act, and when one is missing you do not.

That is the entire job. Not a feeling about the chart, not a stronger version of the setup you talked yourself into.

If a condition is missing, the answer is no, whatever the chart looks like.

You are the software

Software running your rules would place the trade with no opinion about it, take the loss with no opinion about that, and check the conditions again on the next candle.

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