Time for Trade Review Thursday!
Usually, I’m posting a winner from my community but I got an email from an angry man saying that not all trades win.
Well… that’s true.
In the interest of balancing things out, I wanna show you a trading day I had a week ago – the first day of November.
This is an unlisted video that typically only my inner circle sees.
At the end of every session, I show how I felt the day went etc.
Now… in this session, I took on a bit of heat.
But once that had happened there was a logical reason to stay in the trade so the loss could be mitigated.
Not turning a losing day into a winner, just keeping calm and doing damage control.
I ended that day down $400.
The context though is that I’d made $5,400 the day before.
So yeah, it stung a little.
But your boy will be OK.
We’re not trying to be super-geniuses who never lose.
We’re trying to extract money from the markets, which is a game of probabilities over the long run,
Til next time.