businessJun 29, 20206:54pending
How to take your small losses and bigger wins in stride
About this episode
It happens from time to time that you make a huge win.
You should celebrate it and understand that they don't happen all the time.
Many traders will intuit that they are "on to something" and without any thought, start to trade larger.
They also start trading names or asset classes outside of their core ability.
Plan to grow methodically and not get to invested in the hubris that we can feel after large wins.
Someone a lot smarter than me said "pride is a big banana peel."
If you stick to trading a fixed percentage of your assets, you'll be fine.
You can condition yourself to feel the same about all your trades - you're just following your system.
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