How to deal with the pain?

I identified early three kind of pains when trading/investing

Pain of missing out

How painful that is to exit a trade and see it progressing way further leaving us with only a fraction of what we could have made.

Took me some time to make peace with the fact that banking a piece of a whole move is OKAY.
Capturing 20, 30, 50% of whatever is OKAY.
You know why? It's still more than any loss and obviously more than 0.

Pain of losing money

Basically, it's when we're either wrong on the trade direction or trade timing (= when the candles will go in the expected direction)

Pain of being stupid

Being stupid is the mind state of not thinking in a logical manner anymore and letting our emotions leading our actions.

Typical scenario: we got easy signals and we didn't take them because we were fatigued or pissed from previous signals with the same system.

Not respecting the signals from your trading system leads to missing out on gainers and losing money (ending the day with a net negative P&L)

Respecting your signals WILL NEVER be easy.... but.... it's the less painful choice as the alternative is losing money and your time and your energy and yourself.

Conclusion

The pain of losing money is greater than the pain of missing out.... by far....

That's why, most profitable traders burnt 1 or more trading accounts, of course involuntary, and learnt that essential lesson the hard way.

We aim to avoid you burning out your trading account and use our findings to finally STOP with catastrophic losses you won't be able to recover from.