Learn from Losses

Learn from LossesLeçon 5 sur 94 min de lecture

While you are losing

How to behave in the middle of a losing run, before the diagnosis is done, and where confidence comes from when the results are not supplying it.

The review happens afterwards. This is the behaviour while the run is still going.

Be patient and take nothing

The pressure during a losing run is to trade your way out of it. Every hour without a setup feels like time being wasted.

Nothing changes. The plan still says what it said, and a day with no setup is still a correct day, exactly as module 13 defined it.

Trade less during a losing run, not more.

Do not chase the money

Trying to win back what the week cost is revenge trading, which module 11 named as the worst response available. During a run of losses it is also the most tempting one.

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