Stocks for Breakfast – Managing Trades

Today's trading lesson instantly helps you reduce losses.  

Too many traders believe that stock trading is "all or nothing." Their mindset is "I'm hitting my stop loss or I'm hitting my profit target!!"

This type of thinking is very expensive, and not required to be successful.There's no reason to hold your full share size if a trade is moving in the wrong direction.

Professional traders "work" their orders. Scale in, scale out, and eventually we get a few winners that become big profits.

All of the other trades kind of wash each other out. It's the cost of doing business.

But the biggest advantage comes from clearing your mind. You no longer sit in massive losses afraid of making a decision.

Congratulations to everyone who joined the 30 day boot camp last week. Welcome to the community!

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