Accepting that loss means:
1. Setting clear risk parameters: Defining how much you're willing to risk and sticking to it.
2. Diversification: Spreading investments to minimise exposure to a single asset or market.
3. Position sizing: Managing the size of your trades to limit potential losses.
4. Stop-loss orders: Automatically closing positions when they reach a certain loss threshold.
5. Emotional control: Avoiding impulsive decisions based on fear or greed.
1. Setting clear risk parameters: Defining how much you're willing to risk and sticking to it.
2. Diversification: Spreading investments to minimise exposure to a single asset or market.
3. Position sizing: Managing the size of your trades to limit potential losses.
4. Stop-loss orders: Automatically closing positions when they reach a certain loss threshold.
5. Emotional control: Avoiding impulsive decisions based on fear or greed.