How to sidestep outsized losses and capture extraordinary gains

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From time to time, names you’re watching will move sharply before you have a chance to add risk.

That means missed opportunities.

Names that you’re already in will move against you – also before you have a chance to act and keep your losses small.

Then you’re stunned and frozen and you begin the process of negotiating with yourself.

Either way, you’re losing and there’s not much to say about it despite your reasoning.

If either of these scenarios sounds familiar, you can use Stop orders accordingly to hedge against such moves.

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Anticipate the feelings you don’t want to feel tomorrow and act accordingly today

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Frustration is the appetizer to a meal called despondency.

If you are unwilling to feel the feeling of frustration regularly, you invite stronger feelings in the future.

Use regret to help you make better decisions today.

If you want to be a professional PM or trader, losses are a part of the business.

Click here to get your free copy of The Inner Voice of Trading audiobook.