Market Mind Meals

How Bad Losses Can Effect Future Trades... And What To Do About It

Informações:

Sinopsis

Mark was kind enough to follow up with me regarding yesterday's live stream. What prompted the question of tightening up risk or taking smaller sizes had stemmed from a great trade that soured in a hurry... The trade was in CPRX. Many growth and momentum traders (myself included) were in CPRX in January. After a strong move up, it gapped down 11% on Jan 23 and at one point during the session, was down about 36%. Losses like these can hurt and if we're not aware, can affect future trades. If we tweak our rules, management, beliefs, and performance intentionally, changes can help. If not, we can take a good system and mess it up. We talk about all of this on today's show. WANT TO GET COACHED LIVE ON A FUTURE SHOW?? BOOK A TIME HERE: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://calendly.com/marawealth-mike/morning-coffee-w-mike⁠⁠⁠⁠⁠⁠⁠⁠⁠ The show aims to talk with you daily, Monday through Friday, and give you tangible advice to help you with your trading. We go live daily on Instagram at 9:30 am EST. The best help you c