May 26 | The secret to managing your trades

Daily Trader Talk Newsletter

Hey Trader,

Let's face it: you're not going to win every single trade, so you're going to need a strategy to deal with losses. You have to acknowledge the fact that when walking into a trade, there's a chance that you're going to lose some of your money in the process. That's why Josh always enters a trade with a strategy to manage any losses he may incur if the trade doesn't go his way. We should never look at trades at an individual level when coming up with a risk management strategy. For example, Josh takes a block of ten trades and looks at the different ways losses could impact his account. That way, he always has a plan when the market decides to work against his strategy. It's in your best interest to use a similar formula. What are you waiting for? Get started now!

THE NEWS DESK

The SEC is preparing to crack down on risky SPACS Will investors have to deal with new rules for SPACS? Tesla is ditching this tech for its autonomous driving system The move could give Tesla a nice boost in the market This major announcement could be driving the surge in Ford's stock The company plans to make some serious changes in the coming years

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WORDS TO TRADE BY

"Success is the doing, not the getting; in the trying, not the triumph." ―Zig Ziglar True success comes from the effort you put toward building a better future. Yes, winning is great. But the hard work you put toward those winning trades is part of your success as a trader. You're going to lose some trades along the way. But that doesn't make you a loser. On the contrary, if you keep pushing forward, you're still winning. Don't discount the journey toward financial gain. Instead, count your effort as a personal win! So long as you keep your momentum going, you'll build success in the long term. Keep Trading,

Hypothetical or Simulated Results Our educational products rely upon hypothetical or simulated performance results. These results have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

There is a very high degree of risk involved in trading. For our full disclaimer, visit: http://tradersagency.com/risk-disclaimers Unsubscribe 20 North Orange Avenue Unit 1100 Orlando, Florida 32801 United States (888) 483-5161