Ep 152: How To Manage Losing Trades - How I'm dealing with my $25,991 "losing trade"

Right now, I'm having a $25,991 losing trade in my account. I know this is going to sound like a broken record, but managing losing trades is one of the hardest things about trading stocks and options. It's especially difficult when you're on a run and had a bunch of winning trades, only to see it erased in a matter of days in a trade that goes against you. This episode, is about how to manage losing trades.
Right now, I'm having a $25,991 losing trade in my account. I know this is going to sound like a broken record, but managing losing trades is one of the hardest things about trading stocks and options. It's especially difficult when you're on a run and had a bunch of winning trades, only to see it erased in a matter of days in a trade that goes against you. This episode, is about how to manage losing trades.
Full Episode: https://youtu.be/bHKIdYCnUjM
Recommended Links & Videos:
To get the show notes you can register at: http://rockwelltrading.com/app (use your email address) and the notes are posted under "Coffee with Markus" email support@rockwelltrading.com for assistance (maybe reword this for description)
How To Fly Rescue Missions: https://www.youtube.com/watch?v=OlTD9h_ZNd8
Wheel Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJb
A Detailed Guide How I made $52,138 in 8 Weeks: https://www.youtube.com/watch?v=LORPBdgxr8w
How To Find The Best Stocks For The Wheel Strategy: https://www.youtube.com/watch?v=t-zSW3y0uSc

Trading Futures, options on futures and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all
investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.
You may lose all or more of your initial investment. The lower the day trade margin, the higher the leverage and riskier the trade. Leverage can
work for you as well as against you; it magnifies gains as well as losses. Past performance is not necessarily indicative of future results.

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Markus Heitkoetter