DID YOU STAY LOCKED UP? Days like today are days of great pressure, where the inexperienced, upon learning that TRUMP WILL SPEAK AT THE #BTC☀ CONVENTION, will want to take a risk and make some quick dollars from the news and rumor.

There is a phrase that impacted me since I entered the trading business and it was: learning to cut losses is as important as letting profits run. And what a difficult lesson.

When a trade goes against your forecast you have to learn to leave it, but when, how to achieve this and cut losses, I know that in the middle of making that decision your mind will soon find itself telling you that once you get out the market will possibly continue towards your direction without you, and learning to differentiate when it's your mind and when it's really time to cut the trade is crucial.

And because I had to learn the HARD way, I'm going to leave you three tips that can help you detect the MOMENT to cut an operation:

1. Buying or selling when there is shocking news in the market should be done with experience. Newbies have no idea that inflated prices are bait for experienced traders to sell their positions in a falling market, and newbies end up buying those positions. DO NOT do anything at that moment, wait for the market to calm down and take a position

2. When you see that the price has turned and you are making losses and your suspicions are confirmed that you entered on the wrong side, cut that loss. It is preferable to lose a percentage of your capital than to lose everything.

3. Enter with profit and loss objectives, if you entered the market even the spot and you have no idea when to exit, you are at a disadvantage. Many times I had to leave at losses and enter much lower. Don't be afraid to adjust.

Finally, if you enter the market on days like today with rumors and news, you cannot have the same strategy as on normal days.

Learning to cut losses allows you to preserve your capital and live to invest another day. -Peter Lynch

These are reading times.