Here’s the thing about the Pain Trade…
Sean McLaughlin
11
I understand the pain trade and have far too much experience with it to get into here.
Can I ask if you’re using a stop on this trade? I used to struggle with this…stops get run over and you’re asking to get knocked out by using stops…but the mental capital if frees up is well worth it. Knowing I have a hard stop allows me to focus on the next trade and not focus on the current trade if that current trade is in my face. Even if a current trade is in the black and doing well, with a defined profit and defined loss order resting in the market you can move on and look for the next opportunity. Preserving mental capital is as valuable, perhaps more valuable, then preserving trading capital.