[LIVE] Day Trading | The Philosophy of a Loss
Depending on how new you are to the stock market and online trading, you may not be aware of how important “losing” is. I realize tat sounds like an odd statement; however, as fun as talking about winning trades and making money is, it’s not what matters! If you want to survive the markets and have long lasting success, you must learn how to build a day trading strategy focused around risk management. If you don’t manage risk, you won’t have a trading account for long (or you’ll find yourself funding it quite often). Given risk management is such an important topic for us as day traders, it’s a discussion worth having and understanding on more of a deeper level. In fact, let’s get a bit philosophical about losing trades! No worries though! This will not be some boring textbook discussion, I will be using some of my personal day trading results (which I captured live on video) to illustrate this topic. Whether you are a beginner day trader or someone who has experience, you can never talk losing trades too much! It is, and always will be a valid topic to discuss!
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