What to Do When You Have a Setback While Trading

by Options Sensei

Loses are an inevitable part of trading. 

No matter how good you are, no matter how much experience…

No matter how well you research a chart of a company’s fundamentals…

You will experience losses.  

Still, even after 40 years, it’s the hardest part for me as a trader.

I enjoy everything else about trading, but when I lose money I hate it.  

When I do have a losing trade, I keep in mind that we don’t build wealth with one trade.  We build wealth by making good trades and mitigating downside risk.  

Of course, I am writing this because we closed a losing trade in Options360 today and I am really upset about it.  

However, over the last month we have also closed these trades:

  • 52% ROI in COST over a 3-day time span
  • 28% ROI in MILE in 16 days
  • 43% ROI in less than 3 weeks in PHM, and
  • 225% ROI in just 8 days in SPY…

 And the losing trade from today was mitigated…

It could have been a virtual “bloodbath” if we hadn’t structured the trade like we did.

Further, when I realized that my underlying thesis of the trade had been violated, I didn’t try to fix it, we just closed out and took the loss.  

I hate it when I am wrong – but considering that Options360 is up 24.2% in the first quarter of 2021, we are making the right decisions overall.  

If you missed out on the host of amazing trades in the first 3 months, it’s time for you to get on board now.  If the first quarter is any indication – and I believe it is – this is going to be a record-breaking year for Options360!

To Your Success,


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