Thursday, 9 April 2015

Losing Trade - M (NYSE)

Yesterday I highlighted a shorting opportunity for Macys (NYSE).

The markets opened and it did hit my entry price. But the market went complete opposite of what I was expecting as seen below.

Making losing trades is part of trading. There will be no magic formula to guarantee 100% winning trades. Never allow your losses to affect how you trade. Sure, I might have lost some money, but there will always be another opportunity around the corner. But I am going to stick to my trading strategy regardless; and you should too.

As always, happy trading.



Post a Comment