 I'm gonna go ahead and get in. I went with smaller size, down in an 89 cents. I'm still in it here I'm down a little bit, but not terribly worried about it just quite yet. Tough trade here I'm re-evaluating my position here as we speak if we break To the downside I'm gonna sell out at a loss But I'm still in it. I'm holding on I'm gonna go ahead and sell guys. Got out at 85 got got in an 89 got out at 85 That's that's not bad That is not bad at all. Good day subscribers today is 777-TGIF This is a spy options trading channel and thank you for joining me here today What you just saw was me placing a bad trade. I did end up losing 5% on today's trade It's not a big deal. It's not a big blow by any means. I actually trade it with fewer contracts fewer Less money that I normally trade with to begin with the trade itself didn't feel completely right In fact, it wasn't the actual setup. It didn't actually pan out But I can definitely take a couple things from today's trade. First of all, I have to practice what I preach That's patience That can be placing a trade just to place a trade I only use two indicators on certain time frames and on the five-minute charm It just it wasn't to my liking but still I took that trade and I paid for it And again, it wasn't that big of a deal. It wasn't a bad blow. I didn't lose thousands of dollars I lost I did lose 5% but here's the good part yesterday me 12% today I lost 5% and That's that's great Two trades this week one winning one losing and I still ended up green for the week So that's that's really good. That's really awesome. And another thing that I wanted to Take away from today is my strategy gives me the best opportunity to make money Versus losing money if I do get myself into a bad trade the indicators are to my advantage Much more much deeper so to speak than being to my disadvantage So it proves to me that this is the strategy that I can definitely Excel and make money in that's the biggest thing I can take away from today's Trading is even if I get into a bad trade. It's getting it's gonna give me a great opportunity to Minimize my losses the trend is your friend. That's one of the biggest tips I can definitely tell you it's not even Trading tip Thursday, but the trend is your friend and that's what saved me today and all my losses I do make losses guys That's that's part of the game if you're not willing to lose if you're not willing to fail Then then you shouldn't even try doing it You will lose in the stock market the name of the game is can you make more money than you can lose? I truly believe that I have a great strategy on my hands that even whenever I get in a bad trade I'm not losing a lot of money now. It's up to me to decide to pull the trigger to How not only to buy but to sell it's so hard guys. It's so hard to Basically hit that sell button when you're down Reason being is the human insidus doesn't want to be wrong and I understand that I I can I feel for you guys, but Sometimes guys sometimes we're not right a hundred percent of the time. That sounds funny to say But that's the truth. You gotta know When to cut your losses cut your losses guys cut your losses Early and quick today today's trade took me 12 minutes guys Usually that's unheard of I'm hardly ever in a trade for more than five six minutes at the very most but today Unfortunately, I did hold and I did get into a bad trade, but I lost but the best part is I only lost 5% I made more money yesterday Even if I trade with the same amount of contracts that I normally do it would have been okay because I made more money Yesterday, then I lost today That's the biggest thing and that's what matters guys at the end of the day. Did you learn from your mistake? It's okay to make mistakes Absolutely, we all make mistakes guys, and I'm gonna show you I'm gonna show you all my mistakes I'm gonna show you all the times that I make a losing trade all the times that I make a winning trade Regardless, that's what I made this channel for is I want to show all my trades Whether I win lose or I get out even money guys So thank you for watching hit that subscribe button Don't forget to share and like my videos. I would absolutely appreciate that. Thank you so much Comment below what you thought about this video. Did you like it? Did you hate it? But hey, I lost today. Not a big deal. I hope everybody has a nice weekend. Thank you so much for watching