{"id":40772,"date":"2015-05-14T19:00:32","date_gmt":"2015-05-14T23:00:32","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=40772"},"modified":"2023-04-06T11:51:00","modified_gmt":"2023-04-06T15:51:00","slug":"this-5k-loss-was-my-best-trade-of-the-month-video","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/this-5k-loss-was-my-best-trade-of-the-month-video","title":{"rendered":"This 5k loss was my best trade of the month (video)"},"content":{"rendered":"
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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.<\/p>\n<\/blockquote>\n

mikebellafiore<\/a><\/b><\/p>\n

This is a great question!  <\/p>\n

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?  <\/p>\n

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.  <\/p>\n

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<\/i>.    <\/p>\n

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.  <\/p>\n

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. <\/p>\n

*no relevant positions  <\/p>\n