Losses are inevitable in trading—but how you handle them determines your success. In this episode, Dan Fitzpatrick breaks down why accepting and managing losses is the key to long-term profitability and how discipline separates great traders from those who blow up their accounts.

Key Takeaways:

• Losses Are Part of the Game – The best traders don’t avoid losses; they manage them effectively.
  
  

• Small Losses Prevent Big Disasters – Every big loss starts as a small one—cut it early, and you stay in control.
  
  

• The “Get My Money Back” Trap – Holding onto a losing position hoping for a comeback? That’s a recipe for disaster.
  
  

• Follow Your Rules, No Exceptions – Your trading rules exist to keep you out of trouble—stick to them.
  
  

• Don’t Be a Stubborn Bull – Refusing to sell as a stock drops? You’re only marking the bottom for smarter traders.
  
  

• You Can Always Get Back In – Selling doesn’t mean you can’t re-enter a better trade later. Small losses free up capital for better opportunities.

Watch the full breakdown and take control of your trading mindset today!

Dan and Scott are back with 2 things you can do to vastly improve your trading performance not just for today or this week but for the entire year.

Track Your Trades: https://tradetrak.com/

Follow Dan and Scott on Twitter:

http://www.Twitter.com/DanFitzpatrick

http://www.Twitter.com/Scottrades

In this episode of Fitzfactor, Dan and Scott examine what it means when billionaires like Warren Buffett or Jeff Bezos sell large amounts of stock. They discuss whether these moves should influence your trading strategy and how to interpret market reactions. Tune in to learn how to navigate these headline-grabbing sales like a pro!

Follow Dan and Scott on Twitter:

http://www.Twitter.com/DanFitzpatrick

http://www.Twitter.com/Scottrades

If you’re interested in more of this kind of in-depth analysis, become a member of Stock Market Mentor. Use this link to get started: http://stockmarketmentor.com/member-signup/

In this episode of Fitzfactor, Dan and Scott delve into the complexities of trading through binary events like elections, earnings, or economic reports. They discuss strategies to minimize risk, avoid gambling, and trade with confidence after the event unfolds. Learn how to navigate these high-stakes situations like a pro!

Follow Dan and Scott on Twitter:

http://www.Twitter.com/DanFitzpatrick

http://www.Twitter.com/Scottrades

If you’re interested in more of this kind of in-depth analysis, become a member of Stock Market Mentor. Use this link to get started: http://stockmarketmentor.com/member-signup/

In this episode, Dan and Scott tackle the intricacies of managing a hot stock. They discuss essential strategies like using stops, volume-weighted averages, and a steady mindset to capitalize on rapid gains without getting overwhelmed. Tune in to gain insights on keeping emotions in check and maximizing potential in volatile trades.

Follow Dan and Scott on Twitter:

http://www.Twitter.com/DanFitzpatrick

http://www.Twitter.com/Scottrades

If you’re interested in more of this kind of in-depth analysis, become a member of Stock Market Mentor. Use this link to get started: http://stockmarketmentor.com/member-signup/

In this episode, Dan and Scott explore Trading in a WOW environment focusing on the concept of climbing the "wall of worry" and its impact on market dynamics. They dive into how traders can leverage institutional strategies to thrive amid market uncertainty, sharing insights on staying ahead in volatile conditions.

Follow Dan and Scott on Twitter:

http://www.Twitter.com/DanFitzpatrick

http://www.Twitter.com/Scottrades

If you’re interested in more of this kind of in-depth analysis, become a member of Stock Market Mentor. Use this link to get started: http://stockmarketmentor.com/member-signup/

In this episode, Dan and Scott dive deep into one of the biggest switches you can make as a trader: going from aiming to make money to aiming to trade well. When you make that switch, you set yourself up for better results and better mental habits. Find out why inside.

Follow Dan and Scott on Twitter:

http://www.Twitter.com/DanFitzpatrick

http://www.Twitter.com/Scottrades

If you’re interested in more of this kind of in-depth analysis, become a member of Stock Market Mentor. Use this link to get started: http://stockmarketmentor.com/member-signup/

In this episode of the Fitz Factor, Dan and Scott dive deep into one of the most important parts of trading - paying yourself out. As a trader, it's often hard to decide exactly when to get paid, and to figure out how to pay yourself without damaging your positions. Ready for the Stock Market Mentor take on getting paid out?

Follow Dan and Scott on Twitter:

http://www.Twitter.com/DanFitzpatrick

http://www.Twitter.com/Scottrades

If you’re interested in more of this kind of in-depth analysis, become a member of Stock Market Mentor. Use this link to get started: http://stockmarketmentor.com/member-signup/