Managing Losing Trades: What To Do When A Trade Goes Against You — Pt. 1

Managing Losing Trades

Managing losing trades, what to do when a trade goes against you. Are you worried about losing trades?

Losses are part of our business as traders and every trader needs to learn how to manage losing trades.

Right now, I am in a losing position. I’m actually in a few losing positions, but one of them is really giving me a headache.

So in this article, I will show you how I manage the trade.

During these crazy markets in March and April, I have very successfully sold put options. That’s how I made 43% of my account in just 5 weeks.

When selling put options, it’s not a matter of if you will have a losing trade, it’s about when it is going to happen.

You see, I had 16 winning trades in a row and not a single losing trade. But right now, one of my trades is in trouble.

Now I want to show you what I did, the trade that I entered, and how exactly I’m planning to manage this losing trade.

Managing Losing Trades: Hertz Example

The trade in question is a trade on Hertz, and let me show you exactly what it looks like.