1/
Best and worst and most memorable trades of 2020:
$TVIX short in March was my first $1M loss. It was also my first $1M gain a week later.
$KODK accidental fat finger halt halt halt $1.5M loss that got me into the Wall Street Journal, on the last page with David Beckham.
/2
My biggest losses every year are ALWAYS shorts. This is why I don't recommend anyone to short on the stream.
Can't really remember any big losses due to breaking rules or trading setups that were not mine.
/3
One of the biggest mistakes I made was being too bearish after the market bottomed in March and kept shorting some triple ETFs before I finally got my shit together and started buying 5-star long setups.
4/
Another mistake I made being agressive in buying some breakouts when the indices had already been up for weeks. I knew better but I was greedy.
My best trades this year (like every year before) were all losers.
/5
A loss is not the same thing as a bad trade and a gain is not the same thing as a good trade. My best trades are always trades where I get stopped out for a loss before it became a bigger loss.
Now that's a good trade.
Love your stops, not your stocks as @DanZanger says.
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