How to Prevent Big Trading Losses | Stocks for Breakfast

Join our Day Tradng Community | Just $49 for the First 30 Days

Big trading losses are avoidable.
Most of the month you get small winners and small losers, but it's the big winners and big losers that make or break your trading account.

Let's start out with the obvious question that so few consider: "Should you have been in the trade in the first place? Was it a good idea?

The stock market offers massive opportunity but far too many traders only look at the upside. They never consider how to deal with trading losses.

It scares me when I hear "stocks always come back," or worse, "I'll just buy more." Ouch.

Most big trading losses can be prevented with better entries and simple risk management guidelines.

We have a saying in the boot camp, -- scale out of get out, but never add more if it's not working.

Leave a comment if you have questions.
Pete