Stop calling them "losses." A loss implies a mistake. In trading, a hit stop loss is simply the "Cost of Goods Sold."A restaurant doesn\'t mourn the money spent on electricity or ingredients; it’s a required expense to generate revenue. Your stop-loss is the electricity bill for your trading business. If you take a loss personally, you will eventually try to "win it back," which is the fastest way to turn a business expense into a bankruptcy filing. The moment you shift from "I was wrong" to "The market just collected its fee," you become untouchable. The market can take your capital, but it can never take your peace.
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Stop calling them "losses." A loss implies a mistake. In trading, a hit stop loss is simply the "Cost of Goods Sold."A restaurant doesn\'t mourn the money spent on electricity or ingredients; it’s a required expense to generate revenue. Your stop-loss is the electricity bill for your trading business. If you take a loss personally, you will eventually try to "win it back," which is the fastest way to turn a business expense into a bankruptcy filing. The moment you shift from "I was wrong" to "The market just collected its fee," you become untouchable. The market can take your capital, but it can never take your peace.