Remember when your mother would say: You need to learn to lose gracefully. I don’t know about you but I had no idea what the h#$l she was talking about. I was angry and upset and mad at myself and everything and I didn’t even know what the word ‘graceful’ meant.
Fast forward 40 years latter and you know what… I still fill the same when I lose. So what can I do differently? First of all I have to recognise the problem. Realising that it does me no good to stay mad and not address what’s happened. Then consciously look at the problem as a learning experience. What did I do right? Did I follow all my rules. Was money management good? Did I enter at the right place? Etc.
If I made any mistakes I congratulate myself for doing a good review and I re-enforce that I will be more structured to what was missed on my next trade. If I did everything right, then I know it was the market that went against me and I know this will happen a certain amount of times per successful trades.
By doing this I learn how to lose gracefully and when I do lose, I have a plan to work through my upset rather than re-enforcing it. Do you have a plan to be graceful in loss?
Good trading,
'Market and Human' Psychology perspectives with tips on how to avoid common mistakes by 
