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Real Life Stock Review October, 26 2018

559 views · Published 26 October 2018 · 12:58 · Indexed 26 September 2026

Channel: Real Life Trading · 2018 · Education

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Another bearish party. Did you get the invite?  Wow. Volatility is here my friends. Jeepers creepers. I started down on the day, about 3R because of some swings getting stopped out and rallied back to finish down only .73R, mostly thanks to CELG. Haha. There was tons to cover and I hope I do the candles justice today. I could have easily covered 90 mins worth of analysis, BUT, I did that in  Finance Friday in the afternoon swing trading room which _just_ wrapped up.
Remember, focus on controlling risk. Most traders who go "oh man, I'm going to make SOO much money today" usually end negative and that severely impacts their psyche for the rest of the day and sometimes even days. Just think 'how can I protect my capital today and preserve my account' instead. Understand that trading and investing is about having cash and 'bullets' around to fire when you see the right trade. Risk mitigation is key my friends. We have 3 trading days left in October. Let's rally strong, end in the black and continue enriching lives!
You are a majestic unicorn of wonderment. Keep it that way!

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