Losses will always be apart of trading. In this Stock trading basics episode, we cover how to deal with losses. Dealing with losses when trading stocks especially penny stocks is a fundamental part of your journey. Penny stocks can blow your account up very quickly, so how you bounce back from multiple losses and also discovering you are trading poorly is vital to survival. Stock trading basics try to cover this in this episode. If you are losing multiple of times when trading you need to scale back on trades and find out which setups to cut from your data. If you just took a big loss find out if the loss was from a bad trade or just unlucky. you need to cut losses quickly but also need to take 1 plus set ups. When you are a beginner to stock trades you need to be very careful and manage risk well. But LOSSES WILL HAPPEN, JUST MAKE SURE THEY ARE NOT TOO OFTEN AND OVERALL BIG… SMALL TRADING ACCOUNT CAN HELP THIS AND CALM THOSE EMOTIONS.
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Stock Trading Basics Ep8 – Dealing with Losses – LWT Trading