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How to Make Your Money Back After a Loss

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Hey friend,

The latest data shows jobless claims are falling, the economy is expanding, and consumer sentiment is improving.

Stay in the game.

Let’s see how the indexes have been moving.

The Daily Direction

Note: Indexes appear to be recovering after the past week’s weakness – closing higher yesterday and moving higher today. The short-term direction for the Russell 2000 flipped back upward.

The Daily Nugget

You won’t make your money back the same way you lost it.

Gamblers keep trying to make their money back the same way they lost it – and usually end up broke.

Amateur traders do the same thing – holding on to a losing stock and disregarding their stop losses, all in the hope that it’ll rebound.

But skilled traders? They ruthlessly and emotionlessly cut their losses…

Because they understand that you rarely ever make your money back the same way you lost it.

The quicker you accept this fact, the faster your trading will improve.

That’s how the pros do it…

And that means that’s how you should do it.

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Traders Daily Direction

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