Trading The Strat: Why I Sold Too Early and Missed $1,000

Name: Trading The Strat: Why I Sold Too Early and Missed $1,000
Uploaded: 2026-03-31T04:10:02.983659+00:00

youtube

Have you ever been in the perfect trade only to let your emotions get the best of you? Today I am sharing a painful but valuable lesson on how I fumbled a potential thousand dollar day by letting a small candle scare me out of a winning position. It is a raw look at the psychological battles we face as traders every single day. 📉 In this video, I walk through my trade setup using the strat on the daily chart. I was looking for puts below the previous day low and everything was lining up perfectly. I had my entry at 614 and my price targets were clearly set, but the psychological side of trading proved to be the hardest part of the day. 📊 I explain exactly where I went wrong by switching to the 2 minute chart and letting a single candle trigger an early exit. Even though my stop loss was never hit, I panicked and sold for a tiny profit right before the market completely dumped. Watching a contract go from 260 to nearly 800 after selling is a tough pill to swallow, but the mistakes did not stop there. 💸 I also dive into my re-entry attempt where I tried to catch the continuation of the move. I had my daily targets mapped out, but the market reversed at a key level and stopped me out. This turned what could have been a massive green day into a 35 dollar loss. This video is a lesson in staying patient and trusting your original plan rather than reacting to noise on lower timeframes. 🧠 If you have ever struggled with staying in your winners, let me know in the comments how you handle the psychological pressure of trading. Make sure to subscribe for more honest trading recaps and lessons from the charts. 🚀 #daytrading #thestrat #tradingpsychology #stockmarket #optionstrading Connect with me on Instagram ► https://link.mikethecompass.com/instagram Connect with me on Twitter ► https://link.mikethecompass.com/twitter Remember, this video is for educational purposes only, this is not financial advice. Take notes, read book, and practice! Day trading is not a get rich quick scheme. Please learn before you trade or lose money. It's that simple.

Added 31 Mar 2026

Know someone who'd love this clip?

Share it with friends and fellow fans.

Share this clip

Keep Exploring

All Experts All Topics All Decades Browse by Format

About This Footage

This footage of a seasoned trader sharing a painful yet valuable lesson on the psychological battles faced by traders is a must-watch for anyone looking to improve their trading skills. The expert's willingness to share a personal mistake that cost them $1,000 is a testament to their commitment to helping others avoid similar pitfalls.

The type of footage presented here is a "Lesson" format, which suggests that the expert has distilled their experience into a clear and concise tutorial on how to navigate common psychological traps in trading. The fact that this lesson is based on real-life events makes it all the more relatable and effective for viewers.

One of the most notable aspects of this footage is its emphasis on the importance of staying patient and trusting one's original plan, rather than reacting to noise on lower timeframes. This is a crucial lesson for traders, as it highlights the dangers of letting emotions get the better of them and making impulsive decisions that can lead to significant losses.

The expert's use of technical analysis, specifically the "strat" trading strategy, adds depth and context to their narrative. By walking viewers through their trade setup on the daily chart, they demonstrate how a well-thought-out plan can be derailed by psychological factors. The fact that they were looking for puts below the previous day's low and had clear price targets in place only makes their mistake more egregious.

The footage also touches on the theme of re-entry attempts, which is another critical aspect of trading. By attempting to catch the continuation of a move after being stopped out, the expert illustrates how even experienced traders can fall victim to overconfidence or a desire to recoup losses. This serves as a reminder that trading is not just about making money, but also about managing risk and emotions.

The fact that this video is labeled "for educational purposes only" and not financial advice is a crucial disclaimer for viewers. It's essential to remember that no single strategy or approach can guarantee success in trading, and that individual results may vary.

Overall, this footage offers a unique blend of technical analysis, personal experience, and psychological insight into the world of trading. By sharing their mistakes and lessons learned, the expert provides a valuable resource for traders looking to improve their skills and avoid common pitfalls.

Editorial context researched and compiled from verified sources.