The New Sell and Sell Short: How to Take Profits, Cut Losses, and Benefit from Price Declines, Expanded Second Edition

Question 11—Dealing with Losses

Traders feel ashamed of their losses. Please review the following statements and find the correct one:

1. In training, punishments are more effective than rewards.

2. If you have taken several right steps and then a wrong one in making a trade, you should punish yourself for it.

3. Successful traders love the game more than the profits.

4. It does not pay to keep records of losing trades.