Most of my trading journal never gets published. But last week I took an $8,300 loss — and how I handled it is exactly why risk management matters more than any single trade. Thu Feb 26 - 3:47 PM Thought Monday was going to be a slower trading day. East coast getting hammered by snowstorm. Worst in years. Schools closed. But several alerts going off right at the open -- stop loss triggered... stop loss triggered. AI stocks slammed... MGM. Stock down 4.5% at the open?!?! Looking for news. No news. Friday, looked like an A+ setup. U-Turn Velocity triggered, 4-1, 256% overall return the last two years. Last trigger hit profit in three days. Earnings behind us, just reported BetMGM’s first profit. Revenue beat. Net income nearly doubled. Bought the Mar 20 $39 calls at $0.70. Stock at $36.90. One headline: “Viral Citrini Substack Post That Has Sparked New AI Worries on Wall Street” That research was about AI disruption. That’s not MGM. The storm hit airlines. Airlines are down, makes sense. The calls we bought at $0.25. Down 64%. Tariff news? Shares were higher before the Supreme Court ruled tariffs were unconstitutional. No idea why shares are down... now 5%. Wrote the sell alert for members, complete opposite direction. Trading volumes are light -- market is wrong. Look at my own position. 25 days left on these. The selling doesn’t make sense. But I’m wrong right now - rules are rules though. Put my order to sell em at $0.25. Market drops. Cancelled. Won’t sell this far in the hole. Sold em Wednesday at $0.35. Today, heard the take profit alert for MGM. MGM up 8.4%. Options hit the original 50% profit target. Members exited at the stop. I held a two days longer. System was right, the market has other plans. That’s trading, onto the next. -$8,300.
About This Journal: Every entry documents what really happens at my desk — the losses, wins, and everything between — from an ex-Wall Street trader who’s been in the markets for 22 years. Trading Alliance -- Every alert I send, every research report I write, real-time. Group Mentorship -- I’ll teach you how to trade. The real way. Josh Belanger's results are not typical and are not a guarantee of your success. Josh is an experienced investor and your results will vary depending on education, work experience, and background. Josh does not personally participate in every investment alert he provides. Due to sensitivity of financial information, we do not know or track the typical results of our students. Josh’ strategies may not always be accurate, and his investments may not always be profitable. They could result in a loss of an entire investment. We cannot guarantee that you will make money or that you will be successful if you employ his trading strategies specifically or generally. Consequently, your results may significantly vary from his. We do not give investment, tax, or other professional advice. Reference to specific securities should not be construed as a recommendation to buy, sell or hold that security. Specific securities are mentioned for informational purposes only. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, investment strategy, or individual’s investment does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Rabu, 04 Maret 2026
Right thesis. Wrong timing. -$8,300.
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