{"id":19517,"date":"2012-06-17T08:27:43","date_gmt":"2012-06-17T12:27:43","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=19517"},"modified":"2013-03-14T10:13:17","modified_gmt":"2013-03-14T14:13:17","slug":"stopped-out-is-not-the-end-of-the-trade","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/stopped-out-is-not-the-end-of-the-trade","title":{"rendered":"Stopped Out!"},"content":{"rendered":"
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I was writing this before the close because I stopped trading and I walked out to clear my head. After I came back and saw how FB and GRPN traded into the close I am very upset with the way I handled my trading today. Both stocks traded right to my target but I was stopped out of both. My goal for this week was to get the confidence in adding size and I think I did that very well, especially today putting on max size in three stocks. Being able to tolerate the risk associated with that is a big step for me and something I\u2019m really working on. However, my trading today revealed another area that is equally as important as sizing and maybe even more so. Yeah, I got stopped out of my trade but both stocks gave me opportunities to buy back but at that point my conviction had taken a hit so I didn\u2019t take them. I think this is unacceptable. Was there a fundamental change in the reason I originally took the trade? No. Then I need to still be looking for places to re-enter. That first time I get stopped out doesn\u2019t mean I\u2019m wrong, just that its not ready yet. Getting into this mentality is going to be my top priority next week.<\/span><\/p>\n<\/blockquote>\n

Bella Responds:<\/p>\n

Ok (trader’s name deleted) lots of good stuff here:<\/p>\n

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