lystn

On November 15, 2019, I broke two important trading rules that I’ve set up for myself. In hindsight, I should have known better. But this is the frustrating thing about trading: you can do so well for a few months and then just have a bad week and a nasty lapse. But let me tell you what happened. I have 2 important rules when trading: Never trade a stock that’s rotating its float Don’t jump back in on the same stock once I’ve been wrong  Whenever I break them, I pay for it. This time I took a 6R loss, which is huge for me since I usually try to keep it down to 1R.  This is what happens when I trade for the money rather than for the process. I took a large loss that took two recent wins out (I follow a 3:1 profit/loss ratio strategy). In retrospect, I did it out of frustration. I’ve been working on my trading game for solid 2 years, and it’s frustrating to still experience these lapses and struggles. The worst part is to have several great months in a row only to have this happen again.  AIHS, I don’t think I’ll ever forget you! Watch the full video to see what exactly I did wrong when stock trading and learn with me from my trading mistake.