joj has been sharing a real time stock market trade with us this week using a solid strategy that includes risk management.
Please scroll up and down to see how things evolved and to read some great insights about trading from 2 experienced veterans.
By joj - Nov. 5, 2025, 11:24 a.m.
I am a strong advocate of trailing stops. Here, my time frame requires me to keep my stop over yesterday's high. If I trail the stop tighter than that then I am day trading. If I am stopped out, then I am wrong and will take my lumps. If the market doesn't stop me out AND closes lower on the day, tomorrow's stop will be today's high. (A trailing stop on a longer time frame).... And, if this trade plays out favorably, the future trailing stops will be similarly placed.
Based on the current action it seems like I may indeed be in a losing trade. Back in the day when I was a pit trader in the S&Ps traders used to call each other "loser". But it was an affectionate term because we all knew that when managing risk on high leverage, taking your loser was essential for survival. "Hey loser, wanna grab a bite after the close?"
A super successful trader I once chatted with when I was green said to me: "If there are 10 skills required to make it as a trader and you are an expert at 9 of them but the one skill you don't possess is admitting when you're wrong (taking your loser) you will lose ALL your money."
Good trades everyone!