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How to objectively reduce exposure at a loss

QuestionsCategory: QuestionsHow to objectively reduce exposure at a loss
Javier Avendano asked 5 years ago
Pat, So I have been using your service for a few weeks. It is awesome. Thank you!  I notice that whenever there is a new buy I am ready and excited to participate. But when you post cutting 1/4 or 1/2 of the trade at a very fractional loss I get hesitant. I start to think maybe it might bounce, it is an insignificant loss.  This morning I rehearse mentally cutting the small loss with the same enthusiasm as when I am ready to do a new buy (to deactivate hesitation believe).  What do you recommend so I can objectively take the buy/sells? What do you recommend to be neutral about it. Thank You!  Javier
2 Answers
Avatar photoOwen Staff answered 5 years ago

Hi Javier,
Video from Patrick:
https://youtu.be/YUp3FpEKAZM

Javier Avendano answered 5 years ago
Thank you Pat!! Really appreciate your answer! You provide awesome insights!!