DiscoverThe Fitz FactorThe #1 Skill Every Trader Needs: Mastering Losses
The #1 Skill Every Trader Needs: Mastering Losses

The #1 Skill Every Trader Needs: Mastering Losses

Update: 2025-02-21
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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!

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The #1 Skill Every Trader Needs: Mastering Losses

The #1 Skill Every Trader Needs: Mastering Losses