Though Pete and Frank think of themselves as champions, they do indeed have time for losers! The guys talk mechanics around losing trades today. When is it OK to take a losing trade? Where should you take it? And how often should they be happening?
Frank presents a bunch of examples in the Small Stocks 75 (/SM75) where taking a loss would have led to net profits at the end of the day. Check out how both of these futures trades look at wins and losses.