 comes with five phases, there are: 1.
Denial 2. Anger 3. Guilt 4. Depression or Despondency
5.Acceptance.
- Denial of Loss
Your brain attempts to protect you from the truth by not admitting the loss. Such denial
will usually lead to ulcers, mental breakdowns or worse!
- Anger over Loss
You will tend to be mad at just about anything and everything - except yourself.
Obviously, all of these targets for your anger are inappropriate, and the anger is just a
way of directing yourself away from the truth - that you are responsible for what
happened.
- Guilt over Loss
It usually appears in the form of self-criticism and lead to your doubt on whether you can
be a good trader.
- Depression or Despondency over Loss
Your character will start changing, which may include irritability, short-temperedness,
sleeplessness, fatigue, health problems, loss of concentration and motivation, or an
overall lack of interest in what's going on around you.
- Acceptance of the Loss
Eventually you will come to term to accept that those defeats or losses do occur in battle
and life.
*** The key for a winning trader is:
To by pass the first four phases and come direct into Acceptance as soon as possible. ie.
The best way of handling Grief is to acknowledge it and give it some recognition.
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