by Gavin M.
I know I can be harsh on Twitter but it isn't directed to anyone in particular. If you lost money on Lumber Liquidators or Blackberry or Netflix this week - perhaps it isn't the market, it's really YOU? A trade is only good as far as the trend agrees to sustain the ongoing thesis. Once that thesis is done, kaput, you are on your own.
Approach your losses positively. This can sound a little weird but it is true. By being proactive in analyzing your losing trades, you can figure out what truly went wrong or better yet, what you may have missed. Time and time again I always say that losses are inherent in trading. Failure to accept this leads to further demise in your trading endeavors.
You can improve by learning how to better trade. I am not saying learn from us but use whatever resources your have at your disposal to learn how to better read the markets. We do have a summer sale ongoing right now. Remember, failing to prepare is just the same as preparing to fail.
Traders from Equity Sense will be writing on this blog on positions and other market-related things.