By the end of this session you will:
- Understand the biggest priority in trade management
- Know the 5 major obstacles that cause traders to take large losses
- Understand how the obstacles affect you and your behavior in major and subtle ways
The benefits this session will give you:
- The most common reasons that traders fail is that they don’t accept losses and end up taking very large losers. But instead of just trying to force discipline, understanding the underlying psychological reasons that make you prone to taking large losses will put you in a much better position to actually take control of this issue. Knowledge and awareness have great power, and this session will give you much deeper insights into the psychology of losses than you likely currently have.
Understanding the Hidden Psychology of Losses Key Takeaways (PDF)