“Whether you succeed in trading is determined by how you control losses, and not by how you avoid losses.” (from “Day Trading” published by Nikkei BP)

From the renowned book "Day Trading," subtitled "The Mental Techniques for Continual Market Winning."

"Whether you succeed in trading or not depends, like success in life, on how you manage losses, not on how you avoid losses. If you truly desire to become a skilled trader from the bottom of your heart, learning the professional way of losing—how to control losses—is a key essential skill. It is the technique you should acquire and the path to achieving large profits, and it makes it possible to trade for a long time. By keeping losses small, profits will naturally follow."

A mindset where you take pleasure in small losses,

is that really how you feel?

I hope to become like that.

— Until next time.