Respecting a Market That Turns Against Your Trading Bias

This video is an excerpt from a member report discussing the need to respect the market when it turns against your primary view.

The most important job of a trader or investor is to first protect their capital.  We get into trouble when we carry a bias and refuse to accept the market is moving against that bias.

In this video I discuss a real world example of such where the market turned, and getting out quickly first, asking questions later, saved us a lot of capital.