Part 6/8:
Following up on the second day of trading, the young trader continues his successful streak, reflecting on both the market conditions and personal biases that informed his decisions. Each trade is meticulously journaled, providing insights into the setup, risks taken, and the market’s response.
He explains his strategy focused on taking calculated risks, typically managing losses around $300 per trade while allowing for flexibility based on the quality of setups. This adaptability is critical for trading success, as each situation warrants a tailored approach rather than a one-size-fits-all strategy.