Dealing with Trading Losses:
Tips from a Pro

Insights from Top Trader Shark at SMB

Losses happen, slumps happen.
​
​I’m a firm believer that how you deal with those inevitable downturns in your account is the separator…
​
​Here’s how top trader Shark at SMB deals with large losers and slumps.


Main points:

  • If in doubt get out – Just cut the position if you don’t like it.
  • Trade smaller – After a big loss, dial things down.
  • Book a few green days – Just bank something, and build confidence.
  • Write down your plan – Writing things down helps gain clarity.
  • Use a buddy system – Leverage on others to help your trading.
  • Zoom out and take a break – A walk or a few days never hurts after a loss.
  • Learn – What went wrong and how can you avoid it again.

Well worth a watch.