No one likes to lose money on a trade. Call it pride, call it embarrassment, call it whatever you want.
You want to know what feels worse than losing on a trade for most of us? Sharing our losses with others.
I know exactly how this feels. I put myself out there in our Pro Community every single day with a trading plan. This means that there's no covering up my mistakes or bad calls.
But do you know what else sharing my trades (including my mistakes) does for me?
It makes me a better trader. Why?
- Accountability
When I know that other people are looking at my trades, I'm far less likely to do something stupid or emotionally trade. I'm going to be far less likely to see something that isn't there. And, if I'm making the same mistakes over and over again, you better believe that people are going to call it out.
2. You learn more from losses than wins.
Most of the time when we win, we don't take the time to analyze our wins. Instead, we go straight to celebrating. This can even reinforce bad trading habits if we aren't careful because we got away with mistakes.
Our losses are painful. They force us to look inside and analyze what went wrong. What's even more painful? Sharing those losses with others.
Yet, it's sharing those losses that can help us break through the ceiling of our own trading. Sometimes, we don't even know what's going wrong. Sometimes we don't see that we are making the same mistakes over and over again. But do you know who does? Others when we share them.
馃か Let me let you in on a secret. 馃か
I've been teaching traders for a long time and I can tell when people are losing.
You know how?
They stop sharing.
Whether it's posting screenshots on social media or posting in the chats, everyone feels comfortable sharing a win.
When it gets quiet, I know people are struggling in silence.
IT SHOULDN'T BE THIS WAY!
When you are struggling with your trading, you should do the very thing that everything inside of you screams not to do - share your struggles.
Share them in the comments. We've got a whole community of traders and myself who aren't going to judge you but we can step in and help you with some encouragement, support, and helpful tips if you'll let us. That's what this community is for.
If you're not becoming a better trader and you aren't doing anything about it with all of the resources available in here then you are really missing out.
Post your losers as well as your winners in here so we can celebrate, encourage, or support you. Go to the workshops if you haven't so you can dial in some of the things you are struggling with. Being open is terrifying. But what should really terrify you is staying silent and never reaching the financial goals that you've got because of it.