Real-life trading: how to recover losses and get back on track
Even experienced traders get it wrong now and again. What matters is how you react to losses. I recently took a big hit but made it back in four days with controlled trading.
Only a few days ago I was certain that the Nasdaq had bottomed out. I let my 20% fundamental view cloud my judgment and did not take my 80/20 rule as a whole into account. I ignored the 80% technical levels and subsequently I took a big one-day loss: £1,320.
In true form, speaking as someone who teaches how to get back losses in a controlled manner, I have spent the last four days patiently getting that loss back. How did I do that? Trading first in smaller sizes, slowly making small gains, then taking confidence from this to increase my size and maximise my winning trades.
To find out more about real-life trading why not join me for a live webinar? My webinars are based on real trades made with real money in real time. As you can see below from my trading history, this involves learning how to take the rough with the smooth.
Register for a free webinar to see how you can improve your trading experience.
Chief Market Strategist
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