Let’s face it – there will always be losing trades here and there. Even professional traders need to swallow a loss from time to time. However, they know that they’ll be profitable since they use strict risk management rules and risk only a small percentage of their trading account per trade.
If we can’t avoid losses, how should we deal with them?
Simply consider them as a part of the game.
Novak Djokovic or Roger Federer may lose a set, but will likely win the match in the end. The same applies to professional trading – just embrace a loss and move on.
Beginners tend to follow each tick of a position that goes against them and worry about the trade. Professional traders believe in their analysis and give the trade room to perform. If the trade takes much time to become profitable, they cut the loss early and look for other opportunities.