The #1 Skill Every Trader Needs: Mastering Losses

Losses are inevitable in trading—but how you handle them determines your success. In this episode, Dan Fitzpatrick breaks down why accepting and managing losses is the key to long-term profitability and how discipline separates great traders from those who blow up their accounts.

Key Takeaways:

• Losses Are Part of the Game – The best traders don't avoid losses; they manage them effectively.

• Small Losses Prevent Big Disasters – Every big loss starts as a small one—cut it early, and you stay in control.

• The "Get My Money Back" Trap – Holding onto a losing position hoping for a comeback? That's a recipe for disaster.

• Follow Your Rules, No Exceptions – Your trading rules exist to keep you out of trouble—stick to them.

• Don't Be a Stubborn Bull – Refusing to sell as a stock drops? You're only marking the bottom for smarter traders.

• You Can Always Get Back In – Selling doesn't mean you can't re-enter a better trade later. Small losses free up capital for better opportunities.

Watch the full breakdown and take control of your trading mindset today!