New ideas/Thinking strategy to accept losses/chat in the blog

Hello traders,

Very early matches in the last weeks, going to bed at 10:30 pm and wake up very early, its the daily trading routine when its possible.

Today i would like to talk about what i have doing in the last weeks. Apart from university, i have been doing a lot of football trading (in unders) trying to get some consistency and since last week i have been developing value trading for tennis and sharing this work with my students in the ideas blog. About this subject, i had a "click" in my head some days ago and got me thinking in some ways to improve it and get some advantage of some indicators. So far i'm testing these new ideas and just tested in two tennis matches and worked very well without too much risk. Maybe ill talk more about this subject in the future if i get some people commenting this post about this subject.

---

Accept Losses -it's fundamental for having success in trading and its probably the most difficult thing to learn.
Trading is a probability game and losses are part of it.

My tip this week is to dont focus in the money you are going to make when trading a match, instead, think in protecting what you have and the ammount of money you feel comfortable to lose from your bank. Then imagine that you had that loss to your bank and think about your reaction to that fact and make yourself feel good with the loss.

Example: You have 1000€ in your bank. You have your position and you want to lose 20 € max (for example). Imagine yourself with 980€ and feel good about it.


Remember: Focus on protecting your money, dont focus on the money that you are going to win.

I added a chat in the end of the blog. If you have questions or want to talk with me sometime to talk about some trading subject feel free to write in the chat.


free time section coming in the weekend ;P

questions? email me or comment
babypuntz@gmail.com

good trades
r9