My Biggest LOSS As A Trader

If we go to my broker’s website and then look at my profit loss report, you will see a lot of green days. These green days are from the “how I made 100% profit in a year” stock market series. But 2 months before I started trading for the stock market series, something happened that I will never forget.

If you go to the 9th page of my profit loss report, you will find 7 lost trades in a row.

These trades resulted in the biggest loss amount in my trading history.

How did it happen?

It was the last trading day of the options.

I had shorted the stock market index and was in a good profit.

Just one hour before the market close, I took another short position near a resistance.

Everything looked good, I walked out and went to the living room to watch the news.

This 5 minutes of interaction with the TV was about to cost me a lot of money.

Within a few minutes of switching to the news channel, there was some breaking news about banking stocks.

This news was so positive that it pushed the market higher in the last hour.

By the time I went back to check on the positions, I was already down around 20% on the account.

I took some more trades to reduce the loss.

But then the market closed, and I had to go home with the fastest and biggest loss amount made in my trading history.

All of this happened because I made 1 mistake and got unlucky with the news move.

So always remember, no matter how profitable you get as a trader, always use a stop-loss to avoid an unexpected loss. Otherwise, the market can teach you an expensive lesson that you will never forget.