It Was Going to Be the Last Trade I Ever Made

headshot-mesh-150pxItAi??wasAi??goingAi??toAi??beAi??theAi??lastAi??tradeAi??IAi??everAi??made…

IAi??had started trading with $50,000 of my own money and very little experience.

IAi??had gone out on my own too early and paid dearly for doing so.

In less than three monthsAi??IAi??wasAi??goingAi??toAi??beAi??wiped out.

IAi??went intoAi??theAi??manager ofAi??theAi??trading firmai??i??s office and heAi??was
already aware ofAi??theAi??situation.

‘What’s your plan?’ He asked in a manner thatAi??IAi??deemed too calm for
theAi??situation.

My plan?

Well, let’s seeAi??IAi??had just lost $50,000 of my own money andAi??wasAi??now
down $3,000 ofAi??theAi??firm’s money.

IAi??wasAi??long a million dollars worth of stock andAi??theAi??marketAi??wasAi??getting
destroyed.

IAi??couldn’t really tell him what my planAi??wasAi??becauseAi??IAi??didn’t have one.

IAi??wasAi??just trading.

ai???I’ve been looking at your trades and you have good instincts, just
trust your decisions,ai???Ai??theAi??firm manager advised.

IAi??didn’t walk right backAi??toAi??theAi??trading floor.Ai??IAi??wentAi??toAi??theAi??company’s
waiting room and sat in a chair and thought.

WhatAi??wasAi??IAi??doing?

How couldAi??IAi??beAi??trading with a million dollars worth of stocks and no
plan?

ThatAi??wasAi??goingAi??toAi??beAi??step 1.

My plan.

ItAi??hadAi??toAi??beAi??a good plan because ifAi??itAi??wasn’t, my trading careerAi??was
over.

IAi??started thinking of any lessonsAi??IAi??had learned.

Anything thatAi??IAi??could useAi??toAi??get me out of this mess.

Editorai??i??s Note:Ai??How an absolute beginner can profit in the stock market

IAi??flashed backAi??toAi??whenAi??IAi??wasAi??first trading after college.

TheAi??marketAi??wasAi??down big and my trainer had told meAi??toAi??start looking
for strong stocks.

IAi??didn’t understand why.

He explained that they wouldAi??beAi??theAi??firstAi??toAi??go whenAi??theAi??market got
strong again.

IAi??had followed his advice and ended up having a great day.

Why hadAi??IAi??never gone backAi??toAi??that again?

IAi??walked back onAi??toAi??theAi??trading floor and this timeAi??IAi??came with a
plan.

IAi??wasAi??long 8 different positions and almost all of them wereAi??going
against me.

IAi??startedAi??toAi??weed outAi??theAi??weakest.

Anything thatAi??wasAi??goingAi??downAi??wasAi??gone.

ByAi??theAi??timeAi??IAi??wasAi??done, thereAi??wasAi??only one stock thatAi??wasAi??still on my
screen.

This stock would not go down below $25. AsAi??theAi??trading dayAi??wasAi??coming
toAi??theAi??close,Ai??IAi??wasAi??buyingAi??itAi??up.

IAi??maxed out my position at 25,000 shares.Ai??TheAi??firm manager came over
and told meAi??IAi??wasAi??notAi??goingAi??toAi??beAi??ableAi??toAi??holdAi??theAi??position over night
unlessAi??IAi??had capital inAi??theAi??accountAi??toAi??backAi??itAi??up.

IAi??wired in $20,000 whichAi??wasAi??theAi??lastAi??$20,000Ai??IAi??had left in my savings.

TheAi??market closed andAi??IAi??had 25,000 shares of this one stock at $25.

WantAi??toAi??knowAi??theAi??worst part aboutAi??it?

ItAi??wasAi??a 3 day weekend!

NeedlessAi??toAi??say,Ai??IAi??did not sleep well that weekend.

IAi??got in early Monday morning andAi??theAi??indexes showed thatAi??theAi??market
wasAi??goingAi??toAi??open up.

As slowly as possible,Ai??IAi??turned on my trading screen and beforeAi??I
could type inAi??theAi??stock,Ai??IAi??knew whereAi??itAi??was.

IAi??wasAi??marked up $25,000!

TheAi??stockAi??wasAi??up a point.

IAi??had neverAi??madeAi??over $10,000 at that point and nowAi??IAi??wasAi??up $25,000.

IAi??sold out ofAi??theAi??position and that day ended up being one ofAi??the
worst in Nasdaq history.

TheAi??craziest part is that my stock closed up a point onAi??theAi??day, on no
news.

IAi??calledAi??itAi??theAi??miracle stock.

TheAi??next dayAi??theAi??market rallied andAi??IAi??bought allAi??theAi??stocks that had
shown strengthAi??theAi??day before and byAi??theAi??timeAi??theAi??market closedAi??IAi??was
even – forAi??theAi??past 3 months!

From that point onAi??IAi??always cameAi??toAi??work with one thing, a plan.

Editorai??i??s Note: Trade successfully in just five hours a week

Just having a plan canAi??beAi??such a powerful tool when you are trading.

When you’re not sure and you have doubt all you haveAi??toAi??do is fall
back on your plan for strength.

Your plan is your reasonAi??toAi??believe.

You must keepAi??itAi??simple enoughAi??toAi??beAi??repeated.

Every great traderAi??IAi??know has their plan for trading.Ai??ItAi??is eitherAi??the
plan they useAi??toAi??approachAi??theAi??market as a whole or a plan of action
forAi??theAi??day.

TheAi??only thing you needAi??toAi??make your plan is a basic understanding of
theAi??market.

Start with that today.

TheAi??simple advice that my trainer had given me whenAi??IAi??first started is
what saved my trading career.

If you’ve been trading or you planAi??toAi??start then make sure you know
what your plan is.

ToAi??TheAi??Future,

AdamAi??Mesh

Adam Mesh is CEO and Founder of The Adam Mesh Trading Group. For the past 18 years he has coached thousands of students to all levels of success in trading. He is also creator of the best selling course paroxetine buy online, order dapoxetine. The Average Joeai??i??s Beginners Guide to the Stock Market