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Today we interview community member Phil who goes by ph1l in the chat rooms. He traded BA on the 2 minute chart. He’s setting up a RvR trade and Clay emphasizes the difference between scalping and RvR trade setups. After entry, it consolidates for one or two candles before breaking down past his initial stop loss location. After multiple adds to a loser, he pulls his bids and waits for a real move down to lower his average. We see BA does start to bounce at an old level of resistance turned support. After stomaching the loss on the long, he flips to a short trade. Unfortunately this is the level at which the stock moves higher and he stops out. This is a great example of how human psychology can come back to bite us. What sets apart good traders from bad traders is their ability to take losses.