DAILY JOURNAL

Sometimes a correction happens; other times, the information isn’t what people expected — and then, out of nowhere, the U.S. president announces a 100% tariff on China, and prices go wild. If you’re on the right side of the move, it can turn into a great day.

But if it catches you off guard, it can become a very interesting period in your trading — sometimes even ending surprisingly well and profitably. However, we all know that in the long run, it almost always ends the same way: losing your entire account balance. Why? Because most traders fail to control their emotions, ignore their trading system and edge, and trade without discipline.