🚨 The Daily Profit Plan is off today🚨
But I am joining the guys on Opening Playbook at 10 a.m. ET to cover the market comeback story, a 10th straight close higher for the Nasdaq and nine of 10 for the S&P 500 — so is Iran old news now? [tap to join us]!
Here’s something that should not surprise you about trading: Losses will happen. I know that sounds obvious but you’d be amazed how many traders I meet who are still trying to crack some magical code that eliminates losses entirely.
The real question isn’t whether you’ll lose — it’s whether you can get through a loss without feeling like you have to change your entire strategy. That’s where most traders fall apart.
I’ve watched this play out countless times. Most people will spend years and years just trying to avoid losing. They’re missing the entire point. The goal isn’t to avoid losses — it’s to learn how to trade through them without derailing your approach.
Why Your Trade Size Matters More than Your Win Rate
Let me share how I think about this. When I take my Daily Profit Play trades, I know they typically require a bit more risk than reward. If I lose on one of these setups, I usually have to take three, four or maybe five trades to get it back. That might take me a couple of days or a week but then I’m right back to break-even or better and moving forward for the year.
The key is that I’m not trying to get it all back on the next trade — I’m not revenge trading. I accept that recovery is a process — a steady climb built on consistency and resilience, not a heroic swing for the fences after striking out.
Risk Tip: Set your risk so it never scares you. Set your risk so you’re never uncomfortable. When you size correctly, every trade becomes manageable and nothing feels like it can break you.
Before I take any significant trade, I ask myself why I would take a trade that’s going to cost me if I’m wrong. If I’m taking a bigger swing, then I better have a Plan A, a Plan B and a Plan C. That mindset keeps the process steady and keeps me showing up every day without emotional pressure.
The Profit-First Trap That Destroys Accounts
I’ve seen traders make $20,000 in a month, then take one loss that completely unravels them. That loss makes them question everything. But the issue usually isn’t the setup — it’s their relationship with risk.
Too many traders go in too big and they put profits first. They think about what they want to make instead of what they can comfortably afford to lose. When your mind is locked on the payout, you’re already trading from a place of fear because you’re attached to the outcome.
This is one of the most common psychological traps in trading. When you lead with profit, you lose control. When you lead with risk, you take control back.
The reality is simple — risk management isn’t about being conservative. It’s about being consistent. When you size your trades properly, losses become just another part of the process instead of account-ending disasters.
And when you stay consistent through the ups and downs, you eventually look back and realize you’re not just recovering — you’re growing.
I’ll see you in the markets.
Chris Pulver
Chris Pulver Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
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