{"id":599,"date":"2026-06-30T06:00:45","date_gmt":"2026-06-30T13:00:45","guid":{"rendered":"https:\/\/www.tradingacademy.com\/newsletter\/?p=599"},"modified":"2026-06-30T10:57:37","modified_gmt":"2026-06-30T17:57:37","slug":"why-great-traders-accept-losses-quickly","status":"publish","type":"post","link":"https:\/\/www.tradingacademy.com\/newsletter\/why-great-traders-accept-losses-quickly\/","title":{"rendered":"Why Great Traders Accept Losses Quickly"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"599\" class=\"elementor elementor-599\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7f3bd1f e-flex e-con-boxed e-con e-parent\" data-id=\"7f3bd1f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-959aedc elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"959aedc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"480\" height=\"269\" src=\"https:\/\/www.tradingacademy.com\/newsletter\/wp-content\/uploads\/2026\/05\/3_Why_Great_Traders.png\" class=\"attachment-large size-large wp-image-603\" alt=\"Why Great Traders Accept Losses Quickly\" srcset=\"https:\/\/www.tradingacademy.com\/newsletter\/wp-content\/uploads\/2026\/05\/3_Why_Great_Traders.png 480w, https:\/\/www.tradingacademy.com\/newsletter\/wp-content\/uploads\/2026\/05\/3_Why_Great_Traders-300x168.png 300w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4dffe2f elementor-widget elementor-widget-text-editor\" data-id=\"4dffe2f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong>\u201cLost a lot of fights but it taught me how to lose ok.\u201d<\/strong><\/p><p><strong>\u2013 Billy Joel (in Keeping the Faith)<\/strong><\/p><p><strong>There is a lot to learn about trading.\u00a0\u00a0<\/strong>But learning how to lose?\u00a0 Seriously?\u00a0 Don\u2019t most people have that on lock?\u00a0 The key point is learning to lose \u2018OK\u2019.\u00a0 Learning how to lose ok means:<\/p><ul><li>Staying in the game<\/li><li>Keeping your identity intact (losses don\u2019t define you!)<\/li><li>Absorbing the emotional damage like a pro<\/li><li>Controlling your actions in the aftermath<\/li><li>Acceptance<\/li><\/ul><p><strong>Getting it backwards.\u00a0\u00a0<\/strong>When you compare the pro-level trader to the amateur hack you will notice a stark difference between the two.\u00a0 Pros have a knack for stopping out of small losing trades immediately with enthusiasm and WITHOUT fear of missing out on what happens afterward.\u00a0 Every moment of every trading day you are already missing out on great opportunities, so what\u2019s so special about this one opportunity that so far has done nothing but cost you money?\u00a0 Find another one or come back to this one later IF it starts to behave properly again.\u00a0 Stops don\u2019t have to be permanent.\u00a0 If you love this trade for whatever reason, then consider your closing trade a temporary \u2018time out\u2019 until it ceases to act badly.\u00a0 \u00a0<\/p><p>Amateurs, on the other hand, love and embrace their losing trades so much that they never let them go.\u00a0 They caress and hold them while they never stop believing in them.\u00a0 They can\u2019t ACCEPT psychologically that it\u2019s just not working.\u00a0 They believe falsely that only realized losses are losses.\u00a0 Wrong.\u00a0 Unrealized losses are also losses.\u00a0 You must accept that.\u00a0 Worse yet, they will sometimes DOUBLE DOWN and throw even more money at bad trades like a desperate person trying to save a bad relationship.\u00a0 That trade never really loved you in the first place.\u00a0<\/p><p><strong>What is the root cause of this?\u00a0 \u00a0<\/strong>The siren call of the \u2018get rich quick\u2019 dream is nothing new.\u00a0 We\u2019re weary of living our lives too long and too far from our dreams while wallowing in our past mistakes.\u00a0 As Dave Ramsey said, \u201cIf you have made mistakes with money, that makes you older than three\u201d.\u00a0 We\u2019ve all screwed up and can\u2019t wait to fix it.\u00a0 This leads to impatience.\u00a0 Finding the unicorn trade by \u201cgetting in on the ground floor\u201d of the next Nvidia via some penny stock that no one has heard of (accept you and the dude who sold you that newsletter) is hard to resist.\u00a0<\/p><p><strong>How do I get on the right track?\u00a0\u00a0<\/strong>Ahh.\u00a0 Before you get on the right track, you first have to REALLY internalize that the right track IS the fastest track to success.\u00a0 Channel your impatience into right track commitment.\u00a0 That is a necessary step one.\u00a0<\/p><p><strong>Then what?<\/strong><\/p><ol><li>Know yourself.\u00a0 What are your failure modes?\u00a0 What do your big losing trades look like?\u00a0 If you are afraid to look at them and thoroughly analyze them, how will you form a plan to make things better?\u00a0 To get over your fear, try this.\u00a0 Find a hat.\u00a0 Any hat.\u00a0 Call this hat your \u201cauditor\u201d hat.\u00a0 When you are analyzing your losing trades, you are no longer yourself, you are a paid forensic auditor tasked with finding the lost money.\u00a0 Separate yourself from the trade.\u00a0<\/li><li>Silver lining.\u00a0 Be determined to get your money\u2019s worth from every single losing that you already paid for.\u00a0 There is something of value hiding there.\u00a0 Find it.<\/li><li>Customize your plan.\u00a0 Once you know what you\u2019re doing wrong, create an action plan to avoid it in the future.\u00a0 This might include:\u00a0<br \/><br \/><strong>\u00a0Using hard stops<\/strong><\/li><\/ol><ol><li>\u00a0Being more selective at trade entry (find multiple trades, rank them, and only trade the best)<\/li><li>\u00a0Doing a better job of using alerts and monitoring your trades<\/li><li>\u00a0Being more disciplined with the execution of your rules<\/li><li>\u00a0Make better rules<\/li><\/ol><p>\u00a0<\/p><p><strong>What if discipline doesn\u2019t work for me? I\u2019m also addicted to Snickers bars.\u00a0 What if I still can\u2019t let go of my losing trades?<\/strong>\u00a0 Here\u2019s a possible hack for you to try.\u00a0 What if you (in your mind) NEVER have a losing trade, but rather only execute needed UPGRADES to your portfolio?\u00a0\u00a0 That doesn\u2019t mean trying to modify the existing bad trades but rather seeking to replace them with something better.\u00a0 Go find a better trade!\u00a0 Then, happily UPGRADE your portfolio by re-deploying the capital of the old trade into the newer, better trade.\u00a0\u00a0 Now go be a disciplined loser!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>\u201cLost a lot of fights but it taught me how to lose ok.\u201d \u2013 Billy Joel (in Keeping the Faith) There is a lot to learn about trading.\u00a0\u00a0But learning how to lose?\u00a0 Seriously?\u00a0 Don\u2019t most people have that on lock?\u00a0 The key point is learning to lose \u2018OK\u2019.\u00a0 Learning how to lose ok means: Staying [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"rttpg_featured_image_url":{"full":["https:\/\/www.tradingacademy.com\/newsletter\/wp-content\/uploads\/2026\/05\/3_Why_Great_Traders.png",480,269,false],"landscape":["https:\/\/www.tradingacademy.com\/newsletter\/wp-content\/uploads\/2026\/05\/3_Why_Great_Traders.png",480,269,false],"portraits":["https:\/\/www.tradingacademy.com\/newsletter\/wp-content\/uploads\/2026\/05\/3_Why_Great_Traders.png",480,269,false],"thumbnail":["https:\/\/www.tradingacademy.com\/newsletter\/wp-content\/uploads\/2026\/05\/3_Why_Great_Traders-150x150.png",150,150,true],"medium":["https:\/\/www.tradingacademy.com\/newsletter\/wp-content\/uploads\/2026\/05\/3_Why_Great_Traders-300x168.png",300,168,true],"large":["https:\/\/www.tradingacademy.com\/newsletter\/wp-content\/uploads\/2026\/05\/3_Why_Great_Traders.png",480,269,false],"1536x1536":["https:\/\/www.tradingacademy.com\/newsletter\/wp-content\/uploads\/2026\/05\/3_Why_Great_Traders.png",480,269,false],"2048x2048":["https:\/\/www.tradingacademy.com\/newsletter\/wp-content\/uploads\/2026\/05\/3_Why_Great_Traders.png",480,269,false]},"rttpg_author":{"display_name":"Steve Suminski","author_link":"https:\/\/www.tradingacademy.com\/newsletter\/author\/steve-s\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/www.tradingacademy.com\/newsletter\/category\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","rttpg_excerpt":"\u201cLost a lot of fights but it taught me how to lose ok.\u201d \u2013 Billy Joel (in Keeping the Faith) There is a lot to learn about trading.\u00a0\u00a0But learning how to lose?\u00a0 Seriously?\u00a0 Don\u2019t most people have that on lock?\u00a0 The key point is learning to lose \u2018OK\u2019.\u00a0 Learning how to lose ok means: Staying&hellip;","_links":{"self":[{"href":"https:\/\/www.tradingacademy.com\/newsletter\/wp-json\/wp\/v2\/posts\/599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tradingacademy.com\/newsletter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tradingacademy.com\/newsletter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tradingacademy.com\/newsletter\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tradingacademy.com\/newsletter\/wp-json\/wp\/v2\/comments?post=599"}],"version-history":[{"count":17,"href":"https:\/\/www.tradingacademy.com\/newsletter\/wp-json\/wp\/v2\/posts\/599\/revisions"}],"predecessor-version":[{"id":661,"href":"https:\/\/www.tradingacademy.com\/newsletter\/wp-json\/wp\/v2\/posts\/599\/revisions\/661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tradingacademy.com\/newsletter\/wp-json\/wp\/v2\/media\/603"}],"wp:attachment":[{"href":"https:\/\/www.tradingacademy.com\/newsletter\/wp-json\/wp\/v2\/media?parent=599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tradingacademy.com\/newsletter\/wp-json\/wp\/v2\/categories?post=599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tradingacademy.com\/newsletter\/wp-json\/wp\/v2\/tags?post=599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}