055 - When to Cut a Losing Trade: Learn this proven strategy to Cut Losing Trades Faster and Focus on Winners (TMC Show)

Get ready to learn how to cut a losing trade, and focus only on Winners! In today’s episode, Mike helps guide you on how to evaluate and identify the low watermark (lowest price the price falls before taking off) and figure out the average before it breaks out. He provides real-time examples to help explain this process that will help you cut a losing trade faster! After this episode of The Trader’s Mindchat Show you will be better prepared and beat FOMO while trading! This topic plus so much more are discussed in the MARA Elite Discord chatroom. Find out more about how to join the discussion by checking out the Elite membership today! Click here to learn more: https://www.marawealth.com/membership #tradersmindchatshow #tradingloss #losertrade #stocktrader #tradingcoach #beginnertrading #tradinghelp #tradinghelpforbeginners #Marawealth WHAT IS The Trader’s Mindchat Show??? Wealth is a journey, and this show is your Jumpstart to Trading Success! Hosted by MARA founder and top trading mindset coach Michael Lamothe and his wife, author Melissa Kuch Lamothe, together they will discuss the full spectrum of ways to improve your trading and your life. Joined by expert guests to help YOU trade like the Pro’s, revamp your mindset, balance life, family, and trading, & improve health & wellness. Connect with us on: • Website: https://marawealth.com • Instagram: https://www.instagram.com/michaelglamothe • Twitter: https://twitter.com/MichaelGLamothe • YouTube: https://www.youtube.com/marawealth • StockTwits: https://stocktwits.com/MichaelGLamothe