Losses are inevitable in trading—but how you handle them determines your success. In this episode, Dan Fitzpatrick breaks down why accepting and managing losses is the key to long-term profitability and how discipline separates great traders from those who blow up their accounts.
Key Takeaways:
Losses Are Part of the Game – The best traders don't avoid losses; they manage them effectively.
Small Losses Prevent Big Disasters – Every big loss starts as a small one—cut it early, and you stay in control.
The "Get My Money Back" Trap – Holding onto a losing position hoping for a comeback? That's a recipe for disaster.
Follow Your Rules, No Exceptions – Your trading rules exist to keep you out of trouble—stick to them.
Don't Be a Stubborn Bull – Refusing to sell as a stock drops? You're only marking the bottom for smarter traders.
You Can Always Get Back In – Selling doesn't mean you can't re-enter a better trade later. Small losses free up capital for better opportunities.
Watch the full breakdown and take control of your trading mindset today!
