Being wrong about a trade is okay. In fact, the only way for a trader to become comfortable with the notion of loss in trading is to experience it regularly, while developing the discipline to cut it out quickly without even thinking about it. Some of the most profitable traders are right marginally more than they are wrong. The most successful traders have developed the ability to accept loss as part of the game, and to cut it out before it cuts them out. This allows them to spend their time focusing on the winners rather than the losers.
Substance is the inner quiet of mind, free of individual failings.
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