How You Manage a Big Loss and Gain Back the Losses?
Dear Traders,
We had an amazing meetup with many Bear Bull Traders members in Medellin. I am so grateful to have so many friends around the world. Not only did we have a good time together, but some of us exchanged WhatsApp numbers and planned an impromptu day trip together the next day. We explored some fine dining and enjoyed a great wine experience at one of the best restaurants in the suburbs of Medellin, Colombia.
Trading was in full effect today. Both Brian and I are staying in the same hotel in Medellin and traded from different rooms. I had a heavy loss on AMD at the Open but quickly turned my position to long, recouping the losses and making a profit. The lesson is important, and I discuss it in today’s recap – risk management and risk-to-reward ratio.
I highly recommend watching my recap here, and I apologize for the low quality due to my travels.
Community members are also achieving remarkable success in options and futures trading. I’d like to periodically showcase some of our community’s trades and members in our newsletter, both to celebrate their achievements and to foster connections through social media for mutual learning. See below from our good traders.
Our current bootcamp is going strong, with over 10 traders profitable and moving towards the $10,000 profit mark. While no one has reached it yet, we have a few people close. I am looking forward to having them visit Vancouver if anyone can reach $10,000 profit from their $50,000 account.
If you want to join the next bootcamp, our Black Friday Cyber Monday deal is now live! For a heavily discounted price, you get:
- One year full access to Bear Bull Traders as an Elite member
- Three months of DAS Simulator with Nasdaq TotalView and Full ARCA book
- Three months of TraderVue journaling tool Gold package
- Three months of a $50,000 funded trading account
- 100% of the profit from the funded trading account, up to $10,000 for traders
- Group and semi-private mentorship with Team Captains and senior/junior traders
- Live trading sessions
- Webinars on advanced topics: psychology, order flow, VPA, and more
For the full syllabus and schedule, please check out the PCT website.
Join Bear Bull Traders
Last but not least, all courses in Trading Terminal Academy are now 50% off. This includes popular courses such as:
Reading the Tape is a full-fledged training program for all traders – new, developing, and experienced – who want to develop a skillset used by elite active traders to understand supply and demand imbalances in real time and to trade profitably.
This course includes everything one needs to know about reading price action using multiple time frames going from the bigger time frames, for example the weekly chart, all the way down to the 1 minute chart.
Learn how to trade Top and Bottom Reversals based on overbought and oversold conditions. The significance of Top and Bottom Reversals is being able to catch the exact peaks and dips in the price
Whether you trade stocks, options, futures, or forex, in this course, you will learn a trader’s methodology for finding a successful trading strategy for any type of market.
Thank you again to everyone who sent me nice emails and messages when I shared some personal stories about my divorce. It means a lot to me, and I look forward to trading with the community every morning. I love seeing our members and their families.
I truly feel surrounded by many amazing friends and family all the time.
In return, I keep taking our flag to cool places in the world, on behalf of our community. To Everest, to Antarctica, to the highest points on every continent, to show how amazing we are.
To your success,
Andrew
