**Trader Tip**
At its core, it is not losses that make you suffer.
What makes you suffer is some idea or belief that you’re holding too tightly.
A person who hasn’t made peace with his past losses is likely to accept future gambles that would be unacceptable to him otherwise.
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**Trader Tip**
New traders enter the trading arena focusing solely on the possibility for huge profits.
Pro traders understand that trading carry some significant risks and instead they focus on managing that.
Desperate traders will often risk a lot just to get even.
Always take calculated risks in the markets/ in life.
The function of risk management is not only to protect your capital; it’s also to preserve your emotional well-being.
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