If you learn to make your losses work for you, they can become your ally, not your enemy. Last time we talked about loss and how it can galvanize you to refine your system and improve your approach, setting you up for success as a futures trader. It’s like they say in sports, “No pain, no gain.” Loss motivates you to learn. (more…)

If you are a futures trader, you’ve already learned that losing is part of the game. How you handle loss emotionally will determine whether you succeed or fail as a futures trader. You cannot allow yourself to become emotionally incapacitated by loss. Like the song goes: You have to pick yourself up, dust yourself off, and start all over again. (more…)