Being a day trader and trading stocks online has many upsides and benefits. Being able to work from any location you want and make money online is a wonderful opportunity that day trading gives you. With that being said, it’s important to always be transparent and upfront about the “other” part of day trading stocks. What is this “other part”? Well, the fact that making money is not guaranteed and there is a possibility that you can lose money on your stock trades. Being wrong about a stock and losing your hard earned money is never a pleasant experience and it can be super annoying; however, it will happen and you need to understand how to handle these situations. All successful stock day traders have learned how to deal with the times when things go bad and they need to take a loss. In this situation, you’ll see I am wrong about a trade and am forced to take a loss of almost $1,000. After this happened, what came next? Let me show you….

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