Am I always right with my online day trades? Nope! Does that mean, at times, I lose money as a day trader? Yup! Despite what some may try to lead you to believe, losing money is part of the business! What does it look like for me when I am wrong and need to lose money? Let’s take a look at what I like to call “loss control mode”. Set the ego aside and realize that we will always experience those times in our trading strategy where we need to admit we got it wrong. When you admit this, you can practice risk management which is what allows us to stay alive as trader.