Developing Emotional Resilience: Bouncing Back from LossesOkay, fellow TradingViewers, it’s time we tackle a topic that may make you a bit uncomfortable. But, rest assured — it’s for your own good! Today, we explore the realm of emotional resilience and, more precisely, how to bounce back from losses.
Losses are inevitable. Ask anyone — even the big dogs in the industry have gone through painful losses (as you’ll see at the end of this write-up). Drawdowns so severe that they’ve nearly put hedge funds out of business (just ask Ray Dalio). And yet, bouncing back from losses is what has helped these one-time losers to develop emotional resilience and make the best out of the experience.
Acknowledge the loss, but don’t overblow it
Accept that losses happen and they’re a natural part of the trading journey. No matter how skilled or successful you are, you will have losing positions every once in a while. First, make sure you find out what went wrong. And second, don’t dwell on the losses too much and don’t let them cloud your prospects of becoming a better trader.
Size your positions according to risk tolerance
Never let a single position wipe out your entire account if it turned against you. We know how attractive it is to bet big on currencies swings spanning European countries . But keep in mind that, in such case, the old market adage "You're as good as your last trade" will hold true and it may not be pretty.
There are two main ways to prevent the wipeout of your account with a single trade — don’t bet too big (or use too much leverage). If you do bet big, make sure you have a tight stop loss that won’t let your balance get washed out and drawn underwater. Always think about defense before you think about offense.
Let your strategy take care of your trading
You won’t have to be emotional if you let your strategy take care of your trading. Having the right trading plan will eliminate the need to react on the spot and make rushed decisions out of emotion. A solid strategy can empower you to withstand even the harshest market conditions with your chin up and trading account unscathed.
Embrace the power of habit and routine
In trading, consistency is key. Create for yourself a nice and easy-to-follow trading routine. This may include making your cup of coffee before you sit to do some chart reading. Or get a workout in before you read the daily news. Whatever will help you stay disciplined and emotionally balanced — do more of that.
Invest in yourself and then trade the markets
Your most valuable asset isn’t your trading account — it’s you. Invest time in learning, reading, watching interviews of successful traders and financiers. Read books on finance and trading, study the economic calendar , or sign up for a paper-trading account to test your trading skills risk-free. The more knowledge and practice you soak up, the more resilient and prepared you will become.
Know when to step back and get a break
Sometimes, the best thing to do after a loss is do nothing at all. It’s understandable if you feel emotionally unstable, off-kilter and overwhelmed when the markets gives you a slap in the face. Especially if you’re just starting out in the volatile trading space. What to do then? Unplug, unwind, recharge. The market will still be there tomorrow — go touch grass and come back with a refreshed perspective.
Celebrate the wins — no matter how small
Trading has to be about more than just coping with losses. Give yourself a nice pat on the back for every little victory. Made a successful trade? Or even got out at breakeven thanks to your stop loss? Perfect. Recognize and celebrate these moments. They’re little milestones to remind you that you’re on the right path to success.
Loss advice from the big dogs in trading
Let’s wrap up some with loss advice from the world’s best traders and see how they dealt with the blows of Mr. Market.
Paul Tudor Jones , hedge fund manager: “Losses are not your problem. It's how you react to them. Ignore losses with no plan, or try to double down on your losses to recoup, and those losses will come back like a Mack truck to run over your account.”
Ray Dalio , founder of the world’s largest hedge fund Bridgewater, on how he viewed a near-bankruptcy experience: “I needed to balance my aggressiveness and shift my mindset from thinking ‘I’m right’ to asking myself, ‘How do I know I’m right?’ It was very, very painful, yet it changed my way of thinking. It was one of the best things that ever happened to me.”
George Soros , pioneer of the hedge fund industry: “It’s not whether you’re right or wrong, but how much money you make when you’re right and how much you lose when you’re wrong.”
Let’s hear from you
How do you usually deal with a trading loss? What’s the best thing a loss has taught you? Comment below and let’s spin up a nice discussion!
Resilience
Supply chain resiliency through VeChain, SimplifiedFA,
- BaaS that has supply chain management solutions. Brings IoT and blockchain together to understand supply chain better.
- E-tags on goods to be tracked. Transparent and immutable.
- POA : proof of authority.Not fully decentralized but scalable.
- VTHO earned through staking VET. VTHO are lower level tokens used to pay for transactions
- 70% of VTHO paid in each transaction is destroyed and the 30% is awarded to authority masternode operator(AMO). This results in a natural supply constraint. With added usage, more VTHO is required with a suppressed supply. Bear in mind that the only way that VTHO is generated is through staking VET. This pushes up demand for VET. Hence, the value of VET is directly related to the amount of activity taken place in the blockchain.
- Battle against counterfeit through e-tags/ Build more trust with end consumer / Ensure product quality through the value chain.
- Capped supply of $87Bn. Scarcity = Value? Econ 101.
- Authority nodes need 25Mn minimum VET. Currently there's 101 masternodes. Total of 2.5Bn locked up that are off the float. Economic(4.5bn) and Economic X nodes(11.2bn) with other minimum holdings and lower voting power than authority nodes need to have VET locked up to maintain their voting power. 25% of VET locked up. Those who hold VET also have a direct incentive to accelerate adoption.
- Great partnerships : PwC, LVMH, H&M, Most of the insiders have previously worked in PwC and LVMH
My take,
As a quality engineer, I have seen how frustrating it is to track part details including quality reports, previous inspection records, reported issues, revisions, rework, etc. Most times, way too much time is wasted on tracking back to the root cause than actually solving the problem and mitigating it in the future.
Writing down serial codes manually and storing them is highly inefficient. Instead, scanning them in each station to update with latest information will enhance productivity.
Not only will this make manufacturing easier, it will also be more credible when the final product is presented to potential customers. There's no second guessing or any room for doubt when all the details of individual components are recorded with 100% accuracy. Quality wins.
Recently, I have focused on spending more time on research on companies that solve a real problem and save enormous amounts of times for its users. Google, Facebook, Amazon and Apple have aced this concept which is justified by their trillion dollar market capitalizations.
VET is more of a pick and shovel play that supports big organizations to improve both their supply chain efficiency and resiliency.
TA,
- MACD golden cross
-200ema Bounce
- Lower bollinger band
- Holding long term weekly support
- Could be a shakeout and forming a base. Better to wait for confirmation but we all know that when crypto confirms, it's already run up 100%.
Concerns,
- High volume on red days. 3rd september, 5th september
- Great concept but everything depends on adoption and execution.
Entry : Market 0.0132
Short term TP1 : 0.0148 (+12%)
TP2: 0.017 (+31%)
SL:0.0106
Credit where its due,
Follow Coin Bureau on Youtube to keep up with crypto.
In a weakened banking sector, Credit Suisse stands outI've just finished reading through Moody's analysis of Friday's Fed stress test of banks. Honestly, a lot of it was over my head. However, from what I can tell, it looks like Credit Suisse may be the best positioned of the big banks to weather this crisis. In the Fed models, CS survived with more Tier 1 capital than any other bank, beating most of them by a wide margin. CS also has little exposure to loan losses. Here's the link to the Moody's report:
www.moodys.com
CS looks attractively priced at 8.53 forward P/E and 0.6 PEG. Its Starmine Equity Summary Score is 9.9/10, meaning that analysts widely regard the stock as a "buy." I'm generally bearish on banks as we head into the July earnings season, but it looks like this may be a gem in the rough, a quality company that's been unduly punished along with the rest of the sector.
Potential Position Formation - 1 Week Interval - APHAHello Successful Traders,
The stock (APHA) has represented a negative (bearish) trend continuation within the previous year or so (since Jan 2018). There is a viable positioning aggregating to acknowledge that the direction of current PA (Price Action) will push south even further. Await confirmation prior to entering the market (as this may represent a falsified continuation).
Resistance Level 2 - (16.60 - 16.90) 30 cent interval
Resistance Level 1 - (10.90 - 11.20) 30 cent interval
Key Price Zone - (8.70 - 8.95) 25 cent interval
Support Level 1 - (4.30 - 4.60) 30 cent interval
Furthermore, Only a single trade approach can provide a prosperous future. (Acknowledge resilience and perform the ability in which is admirable to oneself).
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Principles)**
Position Formation - 4hr Interval - EURJPYHello Everyone,
Currency Pair (EURJPY) appears to be forming various potential setups within the upcoming weeks.
Blue Horizontal Line - (125.475 - 125.525) 50 pip interval
Resistance Level 1 - (126.185-126.235) 50 pip interval
Resistance Level 2 - (126.750 - 126.800) 50 pip interval
Resistance Level 3 - (127.475 - 127.525) 50 pip interval
PA (Price Action) - (124.700 - 124.850) 150 pip interval
Furthermore, the resistance levels represent possible formations if the (blue horizontal line) is coupled (broken). Which can provide further bullish momentum to hit Levels (1-3). As for the current price action, let the market run its intended course and then wait for confirmation at (blue horizontal line).
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Plan)***
-LionGate
Long Position - 4 hr Interval - CBKHello Everyone,
The stock (CBK) appears to be attracting a bullish formation for the next couple of weeks. Since the stock has been oversold for arguably 2 - 3 weeks, there is only "reason" to believe that a reversal is imminent. As what goes down, must essentially come up (basic physics).
For Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Plan)
