 Hey traders, this is Tosh. I go by T Bradley 90 in the my investing club chat a general reminder for those who do not know MIC is having a one-year anniversary event where bow is going to be trading live in front of our members It's coming up August 17th mark your calendars as an added benefit to our members The event is 100% exclusively entirely free for annual and lifetime members While lifetime on top of that get extra coaching before the event and guaranteed front-row seating While most charged for these events we show our support by making it free again for annual and lifetime members If you are interested in signing up and attending for this event DM T Bradley 90 in MIC chat and or email myself at Tosh at my investing club calm now we have a very special video for you guys this week as Joe Kelly one of our head moderators in MIC chat who is short biased puts together a how-to series each week on Trading basics every Sunday and today's episode. He is going to talk about handling a losing trade While this is just a preview of the full-length video if you want to watch the full-length or any of our Exclusive content here at MIC then become an exclusive MIC member to this week We're gonna talk about handling a losing streak and Just to give you guys a little insight Last week Well the first week of June Really has not been a great trading week for me personally. I'm at a break-even point for the month of June and I've made a lot of mistakes and broken a lot of my own personal rules and This is the process I will be following in order to get out of this little Run, so I'm not necessarily on a losing streak, but I'm Breaking even and it really feels like I'm losing so I've lost a lot of opportunity It's been a lot of opportunity cost here so the first symptoms of a Losing streaks consistent losses back-to-back or your losers are bigger than your winners You're focusing on the wrong setups. You're the present too hard on B plus setups or lower You're not pushing hard enough when it's an A or an A plus setup You're exiting too soon or you know also known as hiking Fear of more losses. So what that means is when I go into a setup I have an idea that it's really gonna work for me, but I fear another loss I just fear another trade not working out. I feel another failed idea So it consistent losses my first thing always is I decrease my size by at least 50 percent I don't try to trade my way out of a losing streak with size. I just Don't I step back and I reduce my size to help me manage my trades better So with entry and exit efficiency Let's take a look at our WLK Today for example on June 7 2019 My trade idea on our WLK was based on that 718 price level that you see on the chart that trade idea Was a bread and butter setup It was about short Short into a resistance level a key resistance level There was a big parabolic move up to that point. It had price extension. It had volume It had all the it had everything literally literally I'm telling you that it literally had everything for me If I could if I could put a picture of an a-plus setup for me. This is that setup, okay? So let's talk about entry efficiency. Let's see you started there at 650. Okay past that point What is the highest high and what is the lowest low? Okay? If you're shorting Longing different example So that difference right there Is the difference between the highest high and my entry point? So the highest high after my entry how efficient was I how close to the top of That move was I was I in the top 80 percent 70 percent 50 percent 90 percent whatever it may be I want to know what that is Hey traders, this is Tosh. I go by T Bradley 90 in the my investing club chat Just wanted to reach out and say if you have any questions about M. I see joining M. I see maybe you're a member already You have three ways to contact myself personally and through M. I see you can hit our social media You can hit me through pms and chat or you can contact us through my email at Tosh at my investing club calm That's Tosh at my investing club calm I will get back to you in a timely manner and I'm saying this because I'm here to help and I don't want anybody to be Afraid to reach out and ask any question that they have we are here for you guys. All right. See you guys