[LIVE] Day Trading | Keeping the Hole Manageable

It’s not always going to rain money in the world of day trading, unfortunately! There will be days where you find yourself in a hole. Being in a hole does not automatically mean you are a bad trader, it’s part of the business. There is no day trading strategy that has a 100% success rate, therefore, you should expect to find yourself in holes from time to time. Being in a hole though is where the emotions and mental attitudes get a bit shaky. Assuming you are not in the markets because you’re a degenerate gambler, then I would guess you’re an ambitious person. As ambitious people, when we get knocked down and find ourselves in a hole, our nature is to “fight back” so we can “get out of the hole”. This is a great mentality in many areas of life; however, in the world of day trading, it can do more harm than good. Let me show you how I got myself in a trading hole and how I decided to deal with it.

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