Strategic Day Trader – How I Lost ~$3,400 Today

Whether we like it or not, trading is risky. Education, discipline/patience mitigate most of the risk, but there is no way to completely avoid the inherent risk associated with trading.

There are at least two types of mistakes one can make in trading, intentional and unintentional. The intentional is often the result of lack of discipline, while the unintentional is the result of an error or an honest mistake.

The first hurts our psychology and self-confidence, while the latter leaves us unaffected and often makes us stronger.

Watch today’s video to see how I lost $3300+ on FOSL but ended up recovering, as my psychology was not affected by the loss.