Thread: Traders
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Old 11-21-2006, 10:50 PM   #24 (permalink)
Colin
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Join Date: Nov 2006
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Looking at losses as the cost of doing business as a trader is a much better way of looking at it. Like in any business costs are unavoidable, but you try to minimize them whenever possible. Hopefully your income (profits) outweights your costs (losses) and you make some money for all the time and effort that you put in!

I remember as a kid that I used to hate losing. Doing sports, playing video games, you name it.

It was one of the first bad habits that I had to unlearn when I started trading, and it has had a noticeable impact in other areas of my life. You give up trying to 'win' every arguement. You become a better listener. You probe out alternate solutions to problems without giving up at the first stumbling block.
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