Art of Detachment from Outcome

Fear of losing everything you have is one of the strongest emotions a trader will ever face. But let’s pause and question it: is that fear rational? In reality, nothing is truly owned. Everything we have - money, assets, even time - is temporarily “rented.” And in the end, the ultimate truth is that we lose it all when we die.

So why should the fear of loss dominate our decisions?

Of course, as human beings, we feel emotions. It’s natural to panic when our account dips or when markets go against us. But the difference between average traders and professionals is not the absence of fear - it’s the ability to recognize and rationalize it.

Research in behavioral finance (Kahneman & Tversky, 1979) showed that people experience losses about twice as painfully as equivalent gains feel pleasurable. This “loss aversion” is one of the main reasons traders exit trades too early, over-leverage, or freeze under pressure.

Adopting the mindset of “I own nothing, everything is temporary” can actually reduce fear. It gives you distance. You stop clinging so tightly to what is temporary. But this doesn’t mean you should gamble recklessly because “nothing matters.” Discipline is still everything. The real power comes when you balance detachment from outcomes with commitment to process.

I’ve lived this personally. I lost everything once - my account, my only source of income. I was completely lost. But here’s the lesson: losing is not the end unless you quit. By refusing to give up, I rebuilt, multiplied my account sizes, and now I’m close to 7 figures. Every step forward, even after a failure, matters more than the fear of losing.

Studies on resilience (Bonanno, 2004) show that the most successful individuals are not those who never fail, but those who can reframe setbacks as temporary. In trading, that’s exactly what allows you to recover faster than others.

So the next time you’re frozen by the fear of losing, remember:

• Nothing is ever really “yours.”

• Loss is part of the human condition.

• What matters is whether you let fear stop you - or whether you step forward anyway.

Because in trading and in life, your real wealth is not in what you own, but in your ability to keep building, no matter how many times you fall.

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The 3% Chart View: More I trade, more simple approach I trade

As I decided to start sharing with you more of my technical stuff in trading, I would like to talk with you about what I trade at the moment. Honestly, it’s the simplest approach I have ever traded. It was probably one of the first concepts I have been learning when I started to explore the world of trading - support and resistance.

When I say simple, I really mean it. It’s stupid simple. From the technical standpoint, I am looking for sup/res on 1W and 1D timeframe - that’s it.

After that is when the magic comes. I apply my 5+ years of experience in the markets and build the position to make even more money.

I have to say that all these years of trading are worth it - even if you are losing, it doesn’t matter. As you are trading, you are building something which can’t be created overnight, but you will benefit from it your whole life - speaking about intuition and patience.

As a kid, I always was quite chaotic and very energetic, people call it ADHD now, but back then, I was just “that energetic kid”. Trading rebuilt me and created patient and instinct focused person and I am very happy for that.

As said in previous newsletter, all of this is tracked so you can see all of it in transparent way. It will take sometime before I open it, but I think it will be really worth it. So far, I haven’t seen anyone doing something like that.

Below is the track record so far.

I am writing this on Wednesday, because I am leaving on Thursday, but this is how it looks so far.

- Luke FT.