Hey Mike,
Just curious if you have an example of a losing trade you had recently, and if you still considered it a good trade?
Thanks.
Jonathan A.
This is a great question!
When I watch the Financial Media Entertainment Complex talking trading/investing I smh. Who are those people on TV so certain their call in $AAPL is correct? What market is that guy trading with the beautiful tan, teeth and hair that he KNOWS the market ($SPY, $IWM, $QQQ) is about to correct?
The truth is even the best traders/investors can thrive with win rates barely north of 50 percent. So that means a whole lot of being wrong. That means a whole lot of very good trades that just do not work out. The key is to control your risk with all of your trades so a month/year of many unprofitable trades/investments can still be profitable.
I made one last month in a low float name- $VLTC. I consider it my best trade of the month. I took a loss of close to 5k on the trade. It was One Good Trade as I defined in One Good Trade.
Our desk recaps this trade in video below. I hope this gives you insight into the world I have lived over the past 18 years. We are wrong. We are wrong a lot. And we can still do very well.
Our job is not to make money. Our job is NOT to be right. Our job is to make excellent risk/reward trades- One Good Trade.
*no relevant positions
