You read the title and you probably think that I have lost my mind to say that getting stopped out of a trade is a good thing - especially when the objective of trading is to make money...and not lose money!

No, I get it! Nobody likes being stopped out of a trade and I surely am one as well, who despises it. But I have gotten used to it. In fact, taking a loss on a trade is pretty much as easy as breathing.

Trading stocks is hard and there are times where you just want to pull out all your hair! I know that feeling (which explains some of the hair-loss issues) because it comes from that notion that nothing can go right and it seems like Mr. Market has singled you out to humiliate and destroy you.  I have been there! I have now traded for 25 years, which accounts for a majority of my life and there have been so many times where I have been frustrated by trading and even anguished. All the while, the art of successful trading, or the psychology of trading, per se, dictates that only the most mentally sound individuals can handle trading in the stock market.

I have learned, over the years, to control my emotions and what I want to do here is to show you some easy-to-implement lessons and tactics that you can implement into your trading, as well as provide you with a free spreadsheet below that will better help with controlling those emotions. 

At times the stock market may leave you feeling like your:

I assume the worse from my trades, that they will always be unprofitable.

For most of you that is probably the most asinine statement you’ve ever heard a trader make.

But it is true!

I don’t look at my next trade as one that I will make a lot of money from. Instead, I look at it from the vantage point, that I will lose a lot of money and what do I need to do to prevent that from happening.