Losing Money trading? Do THIS (Before it's too late)

Comments · 95

• SM

  @smbcapital · 4 years ago · pinned

  SMB Workshop (free): <a href="https://bit.ly/3BmN6nw">https://bit.ly/3BmN6nw</a><br><br>Follow Lance on Twitter: <a href="https://twitter.com/TheOneLanceB">https://twitter.com/TheOneLanceB</a>

  2

• TR

  @tradingpoker1324 · 4 years ago

  Also - as one of Lance first points alluded to: &nbsp; We are always even. &nbsp; We start each day at Zero. &nbsp;You cannot think of the losses as money you need to win back. &nbsp;Instead, &nbsp; you are even at zero and your goal is to make 1 solid trade today.

  53

• CO

  @coreyradford3725 · 4 years ago

  We are very fortunate to have Lance in our midst!

  7

• SE

  @sergeystankov3068 · 4 years ago (edited)

  extremely helpful, this is one of those 20min vids that you process for 2 hours

  3

• SM

  @smbapplicantross884 · 4 years ago

  What a great value highlighting keeping the right mental perspective. Some key takeaways I had:<br><br>-Stop digging a hole, log out.<br>-Take 24hrs to deal with the emotions.<br>-Keep perspective. Your worst day is someones best day.<br>-Determine the causes, and develop solutuons. <br>-Have incremental sizing rules up and down.<br>-Find the easiest trades, find consistency on singles, then double down.<br>-Focus on small steps having big results over time.

  15

• FR

  @freeproc · 4 years ago

  Great advice. Thanks. Funny enough, I have 11 out 13 days in red for this month. So one week ago, I hired a psychologist, reduced my size... I wish I had &quot;past successes&quot; to rely on. But after 3 years, loosing 75% of my account, I&apos;m really doubting I&apos;ll ever make it. Hopefully my pyschologist will make some miracles as the hole is really deep...

  4

• TH

  @theone6189 · 4 years ago

  It&apos;s nice to hear other guys talk about this stuff at a high level.<br><br>I had one of my best mornings ever today, then made a profoundly idiotic mistake that compounded the idiotic mistake.<br><br>This video helped make me realize that I&apos;m not crazy lol.<br><br>To the winners and future winners out there, I salute you.

  30

• TT

  @ttille1 · 4 years ago (edited)

  This year, my PnL Hole is so deep and wide that I have to sit in a specially-made chair now. The old one kept getting lost.

  3

• JA

  @jayjay-br3xv · 4 years ago

  This video is fantastic! Thank you for your insight. I am battling this since January this year and feel like I made zero progress sometimes. I overworked on my set ups and strategies and ignored the psychology behind it. As a result, I cannot take a draw-down in a decent manner. Then I revenge trade and blow my account. It happened again!! I sometimes feel like there is no light at the end of the tunnel. But your video gave me hope. I really want to be a trader and need to learn to control and get out of the hole quickly.

  3

• DD

  @dd-ow6pe · 4 years ago

  i am so alone in my trading world (especially on bad days) .. your videos give me much needed solace .. thank you.

  12

• LE

  @Lee-rf4zu · 4 years ago

  Looking muscular Lance! Hard work paying off

  4

• UB

  @Ubutrader · 4 years ago

  Definitely one of the best 20min clip one can find on Risk Management and Trader development. Thanks and good job Lance!

  3