Successful stock trading requires focusing on loss management rather than just profit-taking, as demonstrated by a trader who maintains a $1,700 net profit despite daily losses of $150 when individual stocks like Dell and Intel decline, emphasizing the importance of avoiding leverage and maintaining confidence in one's trades despite short-term market fluctuations.
Deep Dive
Prerequisite Knowledge
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Deep Dive
Trading stocks from $1600 to 1 million challenge. Day 87Added:
Trading stocks from $1,600 to a [music] million challenge. This was my stock portfolio yesterday and today we're down [music] $150.
So I was in Dell and I was in Intel and they both went down pretty significantly. [music] However, if you zoom out and look at my if I can [ __ ] click this [ __ ] My net profit since day one I'm still up $1,700.
So one thing is really really cool. Do not consider how much you win [music] when you win, but consider how much you lose when you lose. This is why I don't do leverage or margin and I should be just confident in my own trade despite the whole market is going pretty green despite my two stocks being [music] red.
Yesterday we didn't get any comments, but for the YouTube shorts we got five comments and people held Coreweave which was up like 20% yesterday. But yeah, I'm still very happy because I zoomed out and I'm up over 100% overall. For TikTok we lost three followers, but YouTube I think we gained five subscribers. So that kind of even out. So make sure to follow me Little Dino Money. I post every single day.
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