THE TAKE LOSSES DRILL (How to Deal with Trading Losses!) ☝️

🔴 Trading is Risky! 74 to 89% of retail investors lose money!
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How to Deal with Trading Losses. Take Losses Drill. Taking losses. Many of us struggle to take losses. We stall when taking losses but we cannot get to where we want to be without taking losses. You need to condition yourself that taking losses is okay. There are those of us who keep doubling-down on losses which is very dangerous. Others do take losses but do so only begrudgingly. Accept losses and become a consistent trader! OK.

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[doggies.will.be.doggies]

What worked for me is to not view trading as a ¨winning or losing proposition¨, but as a system where you have to pay a fee to be able to trade. The fee, say $1000, once paid for me is simply gone, spent. The only other thing that can happen is getting $2000 in profit PLUS my fee back. (I trade 2:1 RR) . Might sound weird, but it worked for me and maybe can help others. Cheers

[Quartertosuccess]

Losses in trading are moments we can't avoid. One way or another we will all have a losing trade(s) but losses are essential in a way that they give you a chance to reflect and do better.

[shaggytrading]

Great point, the fear of taking losses cannot be ignored.

[Limo-TA]

I've been learning how to trade for 5 years now and profitability comes and goes. I had an FTMO account and I lost it.
I've found after all my studying that this topic is my biggest issue in trading. you can be a master analyst but still fail miserably if you can't handle losses.
thank you for this video, its super important.

[a-zmindset]

Yes! I had to get over the " im losing but it might come back" mentality?

I changed the question to " How much will i lose until i get out?" I have lost out on big moves, but i ve lived to trade another day!

I tell myself oh well i will eventually take a trade and it will be easy. But i gotta survive to take that trade! No such thing as the ultimate trade! Never know how a trade will end up! Gotta have good risk-reward! Great video!

[marketsqueezer]

That is the video that I needed, because I hate to lose, but in the end it is a VERY good business to lose while the loss is small, but when the winner is big....

[alexandertsigaridas]

This is exactly what I currently needed. I am having a very long loosing streak and I'm unsure of what to change.

[lightkirsche]

That is my biggest issue with my trading taking big losses after small gains.

[Simon-odessa]

Taking a walk after a loss helps ! Just need a little time to put it into prospective

[ruralnorthernlass]

I did something similar a couple of years ago, I purposely took sub standard trades knowing they would be possible losses, so it would mentally harden me to seeing losses on my p&l... it's a time thing as they don't emotionally have the same effect on me anymore.

[rivertownsouls]

It doesnt feel good to take losses... I still take them and it doesnt affect me or my process but it makes trading uncomfortable... so I started looking at it this way: for me taking trades is like paying fees... i have a fixed capital fees per day... and my only job is to pay them at the optimal points in the market... these fees I just HAVE to pay in order to part-take in a system that ultimatly makes me money over time. So my max loss limit per day - in my mind - is already „gone“... its my job to insert it into the market.

[stever]

Great valid topic. Over come the negative connotations of losses and trading becomes more enjoyable as we search for good setups fearing nothing, just focusing on process.

[nickvandijk]

What helps for me is to remind myself that losing a trade doesn't mean i was wrong in making the trade. Even high probability trades can result in a loss and as long as i keep taking the right trades the net profits will by far outweigh the losses.

[davidkneil]

Great idea, flipping the mindset. What I did to help me was to deliberately lose a trade every Friday evening. I said that I was paying my trading taxes to the market. This helped me with the % game because by deliberately trying to lose, I would actually end up winning nearly half of the trades. 🙃😅

[DavidSkerritt]

I scalp the ES and the worst losses that really affect me are the ones where I get scared out of a trade with a loss, then it goes in the direction I expected. Damn I hate that type! That one affects me more than losses where I was just plain wrong.

[carmike]

I swear mark always a video after I slip 🤦🏻‍♂️ thanks for great content

[David-dgnr]

Thanks Mark this is such a great video! Great advice

[codingchallenges]

Lot of new traders trade the wheel and they are conditioned not to take a loss. In fact, the gurus who sell these systems and software tell people that "it is not a loss until you sell" . They often even put more money into bad trades trying to bring the breakeven down. They brag about how much premium from puts and calls they collected and use this claim to market their systems. What is not so openly disclosed are blown accounts from past years and and bad trades this year, that would wipe out all the profits and more if the trades were closed now. But again, it's not a loss until you sell... So taking a loss is a no-go for lot of people who trade these systems...until their buying power is gone or they get margin call...

[adamtoutou]

Thanks for this video! I will try this!

[josephart]

If you review your last 1000 trades high probability you’ll find ≈ 50% win 50% loss (or 60-40%) if only your risk ratio (2:1) in each trade, you’ll be in the green zone.