In this episode, I sit down with Vikas, aka Arcadian Trader, as he shares some hard-hitting truths about the importance of respecting stop-losses in trading. Vikas dives deep into his own experiences, discussing how not honoring stop-losses led to losses that were not just financial but mental. Ignoring stop-losses can impact a trader so severely that it shakes their confidence, making them question if they should take a break from trading altogether.
Vikas emphasizes the need to track your losses meticulously and understand the patterns or psychological triggers behind them. This isn’t just about managing your money; it’s about managing your mindset, especially in high-stakes trading environments. For traders at any level, respecting your stop-losses can be the difference between success and burnout.
To get a full understanding of how this one critical rule can change your trading journey, watch the full podcast by clicking on the link!
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