“Losing trader” - Is that a fair label?
Main Topic Notes
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If you are not making money it’s logical to label yourself as a ‘losing trader’
Maybe you don’t say it out loud, but internally it’s there…
After all, if you are red, you can’t claim to be winning, so it must be losing.
Right?
Not so fast cowboy.
Think of any business or endeavour.
Is a new business ever profitable from day one?
Does it really make sense to use P&L as a performance metric whilst you are in ‘developing trader’ mode?
In this episode, I talk through you and I starting a hypothetical e-commerce business.
How we would drive it to profitability and how that has uncanny parallels to the trading world…