If you do not know how to manage your losses within the world of online day trading, you’re not going to last very long. I’ll be the first to raise my hand that taking a loss is never an enjoyable event; however, it is a skill you must have the ability to execute. You can not be perfect with your day trading strategy and ideas. Because of this, you need to get started knowing you will need to lose money along the way. How much money do you lose? Do you take a max loss? Is it needed? Not always! As you’ll see in this video, I don’t panic but rather remain calm and manage the loss to keep it as small as possible. There are the times where you need to admit you are wrong and that you need to take a loss, but… that’s where a strategy needs to get more detailed. Let me show you what I mean using some of my personal day trading results that I captured, live, on video.

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