Every trader experiences losses no matter what their experience level is, but the difference is how much you lose and how you deal with it! Somesh is here to tell you that losses are an unavoidable part of trading, but the key to success in trading lies in handling them effectively. He shares insightful tips on how to handle the losses in a healthy manner.

In this episode, Somesh discusses:

• Most traders have a "losing problem," not a "winning problem" 
• Common reasons traders experience loss – market volatility, unexpected news, and their own mistakes
• The mistakes beginner traders make that make them loose
• The fixable and non-fixable mistakes in trading
• Maintaining a growth mindset by learning from losses
• Tips to having a healthy approach to negative trades

Memorable Quotes:

"The people who are losing money, they do not have a problem with their trading setups or their trading approach. The problem they have is not about winning trades; the problem they have is a losing problem. So, if you can fix the losing problem, you're going to literally take over."

"We all make mistakes. But the best thing about making mistakes is that it gives you the opportunity to grow, which is a growth mindset."

"One bad day cannot or should not affect your future. A lot of people make this mistake where one bad day in the market basically makes them risk their entire future trying to fix this one bad day."

Resources:

Somesh S (@kay_capitals) on Instagram

Kay Capitals on YouTube

Somesh (@KayCapitals) on X

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