Traders mostly mistakenly believe that because they engage in potentially risky trading activities, they already accept that risk. I want to say it again: nothing is more at odds with the facts than this idea. Because actually, your brain just craves stimulation—you haven’t automatically accepted the risk; you’ve accepted the act of taking a risk,

When real losses happen, you start revenge trading, then go heavy,

Accepting risk means you accept the consequences of trading, but emotionally you won’t feel uneasy, and you won’t be afraid. This means that when you think about trading—when you think about your relationship with the market—you must learn not to let the possibility of making mistakes, losing money, missing opportunities, or not being able to make enough money trigger a defensive response in your heart.