Guys, I’m sick. And it’s not because I took it on the chin this week to the tune of about $16,000 in losses. I’m actually sick…
But that’s besides the point. Traders, it just really hasn’t been my week.
Now I want to be clear, is $16,000 going to make or break me? No.
Maybe I won’t be able to drink that nice bottle of wine tonight or the Wagyu steak dinner I’ve been craving… but I’ll be alright.
And that’s because I’ve been fortunate enough to put myself in position to even consider buying expensive things because of trading.
However, I know that’s not the case for every trader out there.
But the question I keep asking myself is if I would have done anything differently knowing my outcome.
So let’s run through how I lost $16,000 and how you can limit investment losses.
All good traders and investors need to know their limits and, more specifically, how to limit investment losses.
Even the best of us get beaten sometimes, and I’m no exception. If every trade I placed were a winner, I would have retired long ago and would be sipping margaritas on my own private island right now…
You can have a great company with an amazing story and perfect fundamentals… but the stock still goes down.
You can have earnings hit perfect, but the boys on Wall Street just don’t agree and you see your trade take a dive.
So it’s important to know when that happens, the only place that should hurt is our pride.
In today’s video I’m going to walk you through three trades that had the potential to be monster winners but all turned against me to the tune of 16 G’s. There were several reasons why, and not all of them were out of my control. Did I get greedy? Maybe a little. Do I regret it? Not even for a second…
But because I know what my limits are, how to balance my risk and reward — and when I can push my luck — I’ll be back at my desk Monday and ready to trade.
Check out my video below to limit investment losses.
And traders, if you like what you’re seeing and want to keep up with all the market news, make sure to like and subscribe to our YouTube channel.
P.S. Get in, get out and get paid… weekly
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