Learning how to redefine your trading
activities in a way that allows you to
completely accept the risk is the key to
thinking like a successful trader.
Learning to accept the risk is a trading
skill—the most important skill you can
learn. Yet it's rare that developing
traders focus any attention or expend any effort
to learn it.
When you learn the trading skill
of risk acceptance, the market will not
be able to generate information that
you define or interpret as painful. If the
information the market generates doesn'
t have the potential to cause you
emotional pain, there's nothing to
avoid. It is just information, telling
you what the possibilities are.

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