
019: Stuart McPhee – How to Form the Basis of a Solid Trading Plan—and Follow it With Absolute Discipline
Chat With Traders
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Managing Risk and Losing Money
Losing money, yet pure and simple, buying something in an go where you wanted it to go. And then not knowing what to do. One out of every two trades, or two out of every three t at happens to absolutely everybody. So i think if you have, you know, 50 losing trades, you are able to handle that a little bit better than someone who has just had their first monumental loss. It wasn't anything conscious i did. What happened was, and i say there's a lot of people now, the more it happened, the more i became desensitized to it.
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