I've asked Bob Iaccino from TraderOutlook.com to come back and give us a short article on "The Psychology of Loss" as a LOT of people have recently dealt with it. Bob's written two previous articles which you can find through this link. Please enjoy the article and visit Bob's site TraderOutlook.com for more great info.
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At TraderOutlook.com we spend most of our time educating our clients in our technical trading models. We give specific levels for entry, profit and stop loss and spend a much smaller amount of our time on trading psychology. Trading psychology may, however, be the most important part of the equation and the most important part of trading psychology is the psychology of loss.
Continue reading "The Psychology of Loss"
