The most successful traders restructured their beliefs about losses after they lost one or more fortunes. They experienced their worst fears about losing and then came up to the realization they did not have any anything to fear if they just did what needs to be done.
What needs to be done is confront the possibility of being wrong and consequently NOT avoid the inevitability of taking a loss. So confronting and accepting the evitability of a loss is a trading skill, certainly a skill learned the hard way for most, but nevertheless an essential component at the foundation of everything you need to learn to be a successful trader.
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