What's the most important thing in trading according to Ted Zhang? How to cut your losers. #stocks

Added: 2026-05-23

[00:00:00]Let's talk about URA that we got stopped out recently and what we talked about taking losers is the most important thing in trading. Whether you're listening to myself and Connor and we're we're quite young or Jesse Livermore from 100 years ago and he's dead, he's that it stays the same. It's all about cutting losses. It doesn't matter what investor or trader you listen to. In their system, there's a rule for cutting losses and ditching the laggards. If you don't, you're going to hold big losers and that will destroy your fortune, so you don't want to do that. For URA, we entered May 4th. It was breaking above the inside day high. It end up squatting on us and closing still above the 21 EMA, so we held on to that and our stop was in the 53 53 and 3.5 area and then it broke out on May 6th and that was obviously good action. And this just has been really choppy. CCJ is a big component, UUU as well. It reversed back in on us, then tried to go again, then eventually gap down below the 821. We closed it out.