Hope your new year of trading is going well. It's been an interesting first two weeks.
Unfortunately, not everyone is doing well. Whether you're a day trader or a swing trader, part time or full time trader, you have probably held a losing trade for a little too long. I know I've done it. And it usually ends up costing you a lot of money.
I received an email from someone this week who was exactly in that situation. Two of his day trades suddenly became swing trades (I know that's never happened to you, right?) and now those trades are still bleeding money.
I thought about his situation and constructed a plan that I think is fairly reasonable. I hope it helps him get out of his situation.
But, I thought you might like to read the same advice - just in case you ever hold onto a bad trade a little too long.
Here's the link to read the new page
Holding a Losing Trade. Now what?
Here's to more successful trading.