there are two ways to lose
lose smartly
lose losely
u lose smartly when u lose like a pilot whose jet goes out of control and he ejects safely.
the jet is lost but the human life and a highly trained elite pilot is saved!
u lose smartly when u pull the stop loss ejection trigger. the good thing is that even the principle jet is saved here as well as the trader pilot and his peace of mind!
on the other hand, u lose losely when u lose too late.
u lose losely when the writing is on the wall and the loss is most painful.
u lose not in the eleventh hour but 13th!
u accept the loss when u have no alibi or excuse left. when even your acceptance is no more graceful.
--
it is well known but hated secret
that good trade is never comfortable.
so, there is always a chance of loss!
so, this makes it more important as to how we lose!
--
the question is not who will be a millionaire
the question is who will stay a millionaire
so more important than winning is
preserving and building on the win.
there is only one way to ensure that
...lose smartly
and lose least!
--
that is perhaps the reason
why it is said that
trading is a losers' game!
the one who loses best, wins in the end!
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