How do you lose trades?

I don't day trade or trade futures but it seems to me that your entrys are the problem.
Try putting your entrys where your stops are.

 

Exiting a losing trade is definitely a fine art. You're torn between honoring your stop and giving the trade a chance to work. I'm speaking of swing trading stocks ONLY. Daytraders and folks who trade other products fight their own battles and have their own tricks and techniques to deal with a trade that's gone bad.

 

For Day Trading, gracefully, unemotionally, and only when the plan calls for it.

When you figure that out, consider the question, when to reverse. That is when it becomes more interesting and, I will admit, more engrossing. But it is like driving, it can be boring, but I am always paying attention.

 

I've lost bigly every time I bet against Ken Calhoun. He is the boss.

 

you are a scalper...so u are you in and out really quick. at some point, you have to decide you are cut out to be a scalper or not. if you are not comfortable being wrong, then manage your risk by betting smaller size. instead of trading full size contract on es, try micro es instead.

 

Lol. The answer to this is a no-brainer.
You bet a very, very, small portion of your account, and when you take the trade, you know 100% that you are right.

If it goes against you, just accept losing it all. Or 75% or whatever.
Take the trade assuming a complete loss.
Let it go to zero, figure out what you did wrong, and then try again.
"With a very very small portion".
Build your account with small trades.
Time flies and you'll learn they soon add up.
It's easy if you're good.
~vz

 

Well, not quite the boss,...but whatever.

 

Why screw around with always being so close to the entry, in constant flight/fight mode, & always throwing new risk into the mkt.

This is my ON short, RR=18:1. Once I have a profit running I sleep, the mkt does the heavy lifting for me. Point being, riding larger moves than scalps makes for a much better risk adjusted return (less risk).

 

That's like driving faster when you're lost.

 

I've had plenty of times where I was up big, only to hold on looking for more... And it turns around for a loss. I'm sure you have to. My decision to start scalping grew from a realization that I should lock in profits as soon as I have them.