Happy Monday, guys and gals!
And it IS a happy Monday around here, as we’re coming off of a great week!
I’m reminded of a quote I saw from a very well-known comedian and actor talking about the early days of his career.
He said, “When you’re not working, you think you’ll never get a job again. When you’re working, you think you’ll never be out of work again.”
It’s hard to keep perspective on success – or failure!
Trading is the same way.
You hit a hot streak, and you feel unstoppable.
Then you hit a bad run of trades, and you feel like packing it all up and walking away from the game.
Thing is: we all have them.
Every single trader has made losing trades, and a bunch in a row.
Anybody who tells you otherwise is lying.
And it’s okay that you lose some trades! The market is unpredictable.
But just like striking out at a baseball game, or riding your bike for the first time… you will never have success if you let the story end there.
You have to pick yourself up, dust yourself off, and get back in the game.
You won’t ever win if you stay down.
My Small Account Journey challenge ran into that a couple weeks ago.
We had a great stretch where I hit winner after winner.
Then, of course, I hit a snag. Winning streaks can’t last forever.
Took some body blows. That small account’s balance dipped a bit.
I didn’t shy away. Every day, I still switched on the camera to talk to my Small Account Journey followers about what I saw in the market and what I learned from those losing trades.
Full transparency.
And most importantly: I stayed in the game.
Last week, things turned around in a major way.
Take a look at this chart of all the trades I closed out last week in my Small Account Journey:
*Trading is hard, results not guaranteed and should not be expected to be replicated typically.
I went 7 for 7.
My average return per trade was 28.3%.
And that account balance? I got it back up to $28,175.
(Remember: I started this account a few months ago with just $2,000!)
That’s a good week!
My next week of trades could be all winners.
They could be all losers.
They could be a mix of both.
But I’m not going to take my foot off the gas either way.
I got one $2,000 trading account up to almost $48,000 because I kept making trades and learning along the way:
*Trading is hard, results not guaranteed and should not be expected to be replicated typically.
I didn’t quit then, and I’m not going to quit now.
You want to see what happens next?
Do you want to see if I can grow this $2,000 account to $100,000?
Eat, sleep, and trade!
Jason Bond
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