The founders of Precision Trading Labs had a common trading teacher & mentor. Something he said to us on various occasions has always stuck with us, and made us better traders: “Learn to love your losses.”
“WTF?!” you say? Here’s the 411:
His comment was a shorthand way of saying to have a solid risk management plan, and following it would make us better and calmer traders for it because we’ll know in advance that all of our losses will be small, manageable and already planned for:
Inside I set up my workspaces to manage my chart just the way I like them.
When you first download think or swim its a mess and appears difficult. But if you take it step by step and follow along with me you will save a lot of time and headaches.