I have a mini-mantra that I tell myself when I place a trade.  “You never know what’s just around the corner – anything can happen.”

This statement allows me to recognise that my trade might be a loser, but it could also be the trade of a lifetime.  So many times when I was testing my method I came across a trade that I was hesitant to enter, only to have it rip through resistance and go on to be an outrageous winner.  It confirmed to me that my opinion means nothing, and anything can happen. Not only can anything happen, we need to be prepared for anything to happen.

That means we need to be equally as prepared for a winner as a loser, both in our trading system and also in our head.

If you are equally prepared for your trade to be a winner as you are for it to be a loser, you’re one step closer to having a more healthy balance to your trading.

If you’re having trouble pulling the trigger because you’re terrified of losing any more money, implementing these things can help.  But it’s not instant – it’s an ongoing process to achieving a healthier, more balanced way of thinking.