Down $4000, following Rules, but who wasn’t down yesterday!

We were down huge on a position with BPOP yesterday and it was painful but the reality is that we have a price target that we believe it will go to which is 3.40.  Alot of people lost money on the market yesterday due to a correction on the market after the FED statement.  The market is till in an uptrend and will prolly continue to be until year end.

The options are showing strength for the equity BPOP for the upside calls!  What are we new? Is this our first trade?!?!  We are going to put stop losses with everything from now on, knowing that in a moment you can lose all gains and be wiped out…

A stop loss though, your human instinct does not want to lose, is a good thing, therefore a loss is a good thing for somebody to take because it says that you are following the rules and not just getting lucky, therefore ending up a successful trader.  If you just get lucky and then take a huge loss, it means that you are not following rules and need to keep that in mind.

Another thing we want to re-iterate is how important it is to read charts, we want all things to supported by research, charts, and fundamentals.  This market will slap you if you dont have rules or, it just provides a great way to earn a fantastic income!

Lets reinforce our rules, follow our strategy, and learn to re read the course over and over and over.  The more you practice trading the better you will get, so in your free time open a paper trading account with TradeMonster or ThinkorSwim and practice a ton.  This market has had a nice correction and stocks are going back on sale like Moms off to shopping for those sales we are becoming alot more active in buying on this recent downturn.

Until next time;

HAPPY TRADING!

the C² Trading Team

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