In stock trading, there will be times when you have done everything you could do to evaluate a trade and it still doesn’t work. Do not consider it a loss. It is an expense. Every business has expenses. You will learn something from it, and it will help you do something differently in the future.
None of us like having expenses. How can we take these expenses and turn them into something that could end up being a little more fun?
What if you were to make a list of the stocks that owe you money?
Rather than looking at it as losing money, tell yourself “Somewhere down the line, I’m going to make back this amount of money, because that stock owes me money.”
If you look at it this way, then it will help soothe a little bit of the pain that might be associated with that stock.
Over time, you can come back to that stock, when things line up, and you get all three legs of the trading table in place, and make money on that play.
You have the opportunity to create a fun experience instead of dwelling on something negative.
