The Reality of Trading

via SMB Capital – Day Trading Blog:

I thought today was probably my worst trading day of the year. It wasn’t about losing thousands of dollars. It was about my performance relative to the setups I had outlined prior to the market open and the ones identified intra-day. The largest error was in my $TSLA trading which I will outline below. I was in two other stocks with fresh news and got on the right side of both stocks but did a miserable job of extracting money from them relative to the moves that they had. For professional traders their results are largely determined by how much money they make on the plays that work. We all know how to cut a losing trade and move on to the next but if we fail to capture the upside in the trades Read more [...]

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SMB Capital – Day Trading Blog

The Reality of Trading

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