Working With Failed Trades & Your Trading Mindset
There is a statement non-profitable traders often use regarding some of their losses. Perhaps you have heard this before, or said this yourself (myself included years ago).
It is the commonly used term ‘Failed Trades‘, which is something of a misnomer. In reality, there are no ‘Failed Trades‘. In fact, there are only three types of outcomes from any single trade, and they are not the win/break-even/loss you are thinking of.
These three types of outcomes from any single trade are; winning, learning, and failing to learn from. The idea of a ‘failed trade‘ is the latter – that being one you failed to learn from.
However the very mention …
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