Stop loss is not a personal insult from the market to you, but simply the normal rent for doing business.

Many people see losing trades as a blow to their self-esteem. They start to get angry, want to retaliate against the chart, and try to prove they are right. But the market doesn't care about your self-esteem at all.

George Soros insightfully pointed out: "The reason I am wealthy is simply because I know when I am wrong."

In our industry, losses are inevitable. They are just consumables, like a taxi driver's gasoline or a barista's coffee beans. Being able to quickly and emotionlessly cut losses is a mark of a professional versus an eternal beginner.

Alexander Elder wrote in his book: "Accept losses as a normal cost of doing business."

Don't try to prove yourself right on every single trade. Strive to maintain consistent profits over the long term. Hit your stop loss? Good, it means you strictly followed risk management; we just keep moving forward.

#Psychology