Every trader faces losing trades. The difference between successful traders and struggling traders is not whether they experience losses, but how they respond when a position moves against them.
For us, we don't actually defend losing positions. We build a losing position into our plan so that we don't have to defend them.
This makes trading much easier as your emotions won't be able to pull at you to make a foolish or unwise decision.
There are traders that don't believe in this system, and that's fine, but its something we've been doing for several years and it works for us.
So, check out the episode and let us know what you think. Do you think it's more appropriate to defend a losing trade, or just build it into the plan before making the trade to begin with?
For more on options trading, check us out at:
www.optionswealthacademy.com
Having a plan before you enter into a trade and risk a single dollar is one of the most critical steps in successfully trading in the stock market.
Don't wait for trade alerts. Know what you are doing it and why you are doing before you enter the trade.
To learn more, visit www.optionswealthacademy.com
