There are a lot of reasons that fear may creep into a trader's mindset: fear of loss, being wrong, missing out, success, and failure. Of these, the one that is the easiest to control is fear of loss. By setting a hard stop at the same point that you enter a trade, you are able to control the only two things that matter: where you enter the trade and how much you're willing to risk.
You ultimately can't control the market, so it's not worth worrying about.
In this week's Coach's Playbook, our Performance Coaches help you identify ways to know if fear is impacting your trading and make a plan to get over it.
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