so many traders have an obsession with never losing, I legitimately think its probably one of the most self destructive traits a trader can have you should infact celebrate losing, because there is no greater trade than the trade that cuts a loser early if you can master this
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@loomdart celebrating it is a bit of a stretch, appreciating what it teaches you is a different story
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@loomdart Yeah, because that kind of drive sooner or later leads to big losses, especially in a market like this
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@loomdart Cutting losers fast turns pain into profit, bullish momentum thrives on disciplined exits
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@loomdart Esp bad for the beginners. Anxiety related to losing prevents from participating in the market enough to grow your skill. Which held me back a lot. i find it very similar to competitive games, those who want to get their rank higher instead of just being into the game get
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@loomdart one reason why traders double down on losers is the fear that once they close the position it would immediately reverse, which is highly unlikely if you think about it (the trend is your friend etc)
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@loomdart everyone says cut losses early but nobody tells you it feels like dying the first 50 times you do it. you don’t master risk management, you just get tired of pain.
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@loomdart The huge difference between valuable content on here is the folks who got wiped out and still stuck with it. Those folks can talk about the trenches, everyone else thinks it’s when they are down -50%. Try -100% multiple times and still run it back turbo.
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@loomdart Totally! Losing is just a plot twist in the trading saga. Embrace it like those “unexpected” plot twists in movies nobody asked for.
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@loomdart Good decisions comes from experience, and experience oftens comes from bad decisions.
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@loomdart Cutting losses fast is the most underrated skill. Most people cant accept being wrong and it destroys their account. The best traders lose small and win big, not the other way around.
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@loomdart took me years to unlearn that perfection mindset. the freedom after accepting red days is unmatched.
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@loomdart Cutting losers early = capital preservation. Most traders blow up chasing a breakeven on a dead position while missing 5 better setups. Your ego won't pay the bills but proper risk management will. Master this and you outlast 95% of the market.
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@loomdart Indeed, have the strength to cut the loss early before liquidation is respectable in the crypto field.
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