Some Days Are Simply Losing Days

Don’t fight it.

If you’re going to trade, you will have losing days. I’ve been in the futures industry for over 15 years, and in that time, I’ve never met a trader who hasn’t had a losing day—and I never will. It’s impossible.

The key is to understand this reality and accept it.

One of the most important responsibilities of a day trader is making sure that a losing day does not turn into a disaster. Human nature works against us here. Our emotions and instincts are not naturally wired to handle losses well. We want to be right. We want to win back what we’ve lost.

However, one of the defining differences between successful traders and those who struggle to become traders is that successful traders learn how to lose. They understand that losses are part of the business. Traders who refuse to accept a losing day often make a series of costly mistakes in an attempt to avoid taking that loss.

They may hold positions overnight when they normally wouldn’t. They may reverse positions impulsively, add to losing trades, pyramid at the wrong time, or abandon their trading plan altogether. These are decisions they typically wouldn’t make on a normal day.

As a result, what should have been a manageable losing day—perhaps a $700 loss in a $10,000 account—can quickly spiral into a devastating drawdown, wiping out a large portion of the account, if not more.

That’s why it’s critical to maintain realistic expectations and understand the statistics of your own trading. Keep detailed records. Track your performance. Know your average winning days, losing days, drawdowns, and risk parameters.

Sometimes the most valuable lesson in trading is learning how to lose properly.

Because before you can truly excel at trading, you must first master the ability to accept and manage losses.

Tomorrow we will discuss on How to Better Manage Losing Days

September Wheat

September Wheat activated fresh upside PriceCount objectives off the recent low. The first count projects a possible run to the 6.65 area. A trade above the May reactionary high would formally negate the remaining unmet downside counts.

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Cannon Edge — Your Daily Futures Snapshot for July 15th

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

·    Current price and daily % change

·    30‑day and 52‑week highs/lows

·    PROPRIETARY Short‑term and long‑term trend signals

·    Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

 Built for speed. Backed by insight. Powered by CQG.

Daily Levels for July 15th, 2026

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!