🎯 TOGS 51 – “Losses Hurt: How To Handle Them Like a Pro”
- Paul Wallace
- 4 days ago
- 1 min read
“Professional traders don’t avoid pain — they process it quickly, learn, and move on with clarity.”
Every trader knows that sinking feeling when a trade goes wrong. Losses are inevitable — but how you respond to them determines whether you spiral or strengthen.
In this week’s episode, Paul Wallace and Ian McFadden break down the psychology and structure behind handling losses like a professional. They unpack the emotional and procedural steps used by top traders: setting clear daily limits, reviewing without blame, and building self-compassion into your process so a single red day doesn’t derail your week.
In the Togs Trading Podcast season 3 episode 13, the hosts discuss handling trading losses effectively. They emphasize the inevitability of losses and the importance of a structured review process to turn setbacks into progress. Ian shares his experience with a recent trade where he followed his plan but struggled with emotional responses to losses. They highlight the significance of self-compassion and risk management, advocating for a maximum loss limit and the importance of not letting a few losses derail a trading career. The episode underscores the need for traders to view losses as part of the game and to use them as learning opportunities for professional growth.
If losses still shake your confidence or lead you into revenge trades, this one’s for you. Learn how to create a repeatable “reset” process that transforms the hurt into progress.
🎧 Listen now:
🎙 Hosted by @FXTraderPaul & @IanMcFibonacci
Comments