Stop Losses and Market Moves: Don’t Be a Pussy, Be Prepared

 

Now let’s take a look at my trades. Can you spot the difference between my losing trades and my winning ones? Every trade I entered had a stop loss, didn’t matter if I was fucking right eventually. In trading, you’ve got to be right in the moment, or else it’s all bullshit. This is intraday, so we’ve got to read the patterns and act accordingly. My losses are small, and my wins are twice as big. So, out of six trades, I made a profit in three and lost in three, but overall, I’m still in the green.

I’ve been able to improve my trading because I keep working on myself, even when the market tries to fuck me over. Drawdowns are part of the process—without them, you’re just another pussy in the game who isn’t moving forward. I’m currently reading The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist, and one of the lessons hit me like a brick to the dick: to get better at trading, you’ve got to monitor your emotions. What do you do when you’re about to lose? How do you feel when you’re close to a win?

After watching myself like a hawk, I noticed I’m a lot calmer when a trade is about to hit the stop loss compared to when it’s near its target. But here’s the catch—I’ve got to stop hoping the market will just do what I want. That’s some pussy shit. Hope doesn’t cut it in this game. You’ve got to be sure, read the signals, and act accordingly. No more relying on hope. In this game, you’ve got to learn to dance with the market, not just stand there like a dick hoping it doesn’t step on your toes.

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