Max LOSS!

All of these numbers tell a story. That’s what’s on my mind as I begin to write this. Today was another great trading day… if only I would get out of my own way! I had nearly 100% of my daily profit target today. I decided to fight $TROV and not give up. Instead of profit, I’m closing the day at nearly 100% of my max LOSS. I know every day can’t be a green day. But, that’s not what matters to me. What matters is what I can do to better the situation. I know after a big loss yesterday, I should have NEVER had large size in a stock that met none of my criteria for a great trade. I really should have had all the flags out today! The positives are that I am cutting my losses within the range that I set for myself. I set my stops up to 1-1, since I have a high win rate. My emergency max stop is set at 2.5% available funds. This is where it gets interesting. I like to cut my max loss by 5, and call it my stop price. I do this to trick myself in a way. This way if I refuse to meet my stop price, I will be prepared to stop out far before I actually hit my actual stop. Don’t judge; it works for me!

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