As annoying as it may be, losing money will happen (and should happen) in the life of a day trader. If there is one thing I can teach you beginner day traders who are just getting started in the stock market with day trading, realize this: loses are part of the business! While some people may try to hide this fact, you need to understand that if you want to learn how to trade stocks the right way, then expect to lose money along the way. As you’ll see, the first stock day trade I made ended up losing me money; however, the day was not over. If you want to have consistent success and make money over the long haul, risk management and control is a crucial piece of the puzzle. If you don’t know how to manage risk, you’ll at best be a break even trader. Let me show you the power of managing risk and how you can still make money even if you lose some along the way.