[LIVE] Day Trading | Loss Control Mode… Activated!

How is your risk management? Despite what some may claim or portray, a day trading strategy is never “always right”. Sure, you can build yourself a day trading strategy that is right way more than it is wrong; however, this does nothing to remove the fact that you will be wrong from time to time. My Sniper Shot strategy has a high win rate, but when I’m wrong, I do what I call “loss control mode”. In these situations I’ve come to the conclusion that it will be a losing trade, but now it’s just a matter of controlling it and not allowing it to be bigger than it needs to be. I am not advising you to use this same strategy of managing risk and controlling loses. I AM advising you to make sure you have some form of risk management and loss control within your strategy, no matter what you are doing. Day trading or swing trading does not mater. You need to always be sure the risk is managed for those times you are wrong! Let me show you what I mean using some of my personal day trading results that I captured, live, on video!

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