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This is called loss aversion. It's the psychological bias where losing $100 hurts 2x more than gaining $100 feels good.
And it is common.
Loss aversion kills traders by making them hold losers too long and cut winners too soon. To fix it:
- View losses as "Rent": They are the unavoidable cost of doing business.
- Automate Exits: Set hard stop-losses immediately. Don't make "decisions" mid-trade.
- Size Down: If a loss hurts your ego, your position is too big.
- Process > Profit: A "good" trade is one where you followed your rules, regardless of the $ outcome.
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@JohnLoc18 Walk away from the charts for a while.
When this happened to me I made those fatal mistakes to revenge trade like everyone else.
You're doing so well, just take time to reset.
It will come back.
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Trust me, I've been here before.
This is the most dangerous place to be as a trader.
Having a winning streak and then going on tilt.
Please take time to walk away from the charts when this happens.
You DON'T need to make it back.
You MUST follow your rules.
JLoc@JohnLoc18
What I messed up today on $SPY $SPX, I have balls to show my loss, no lie.
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