Trading Probabilities & Red Day Management

As day traders, Becky and Kendra have been taught and learned through our own experiences to respect and appreciate the influence of probabilities in our trading businesses. We always try to inject logic into our trading system so that we can honor this exact relationship every day at our charts. A red P/L day gives us valuable feedback and performance data to examine. As the consistently profitable traders that we are growing into, we want to experience the uncomfortable but manageable outcome of a small red day that can be hard to accept at the moment, but is sustainable for our trading accounts. Vs not accepting an initial small loss and engaging in a fix it battle with the market and the toxicity of that. These concepts and so much more are discussed in this episode today.