Here is the link.
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According to Dhesi Trades, he manages losing trades by adhering to strict, pre-defined rules that prioritize capital preservation and emotional control:
- The Two-Loss Rule: The speaker states that he is done for the day if he takes two consecutive losses. If he wins one and loses one, he may allow himself a third attempt, but he does not continue beyond two net losses, as this protects his gains and overall capital (42:04 - 42:24).
- Technical Invalidation: He emphasizes that stop-losses should be determined by the chart structure rather than an arbitrary dollar amount. He argues for letting trades "breathe" to avoid getting stopped out prematurely, only for the price to continue in the expected direction (36:06 - 36:17).
- Sizing Down: When market volatility is high, the speaker advises sizing down the position. This allows him to maintain a wider stop-loss based on technical markers without risking more total capital than intended (36:17 - 36:46).
- Avoiding "Revenge" Trading: He explicitly avoids trying to force trades or "chase" moves if his initial setup is missed or if he is stopped out, noting that taking multiple jabs in a choppy or volatile market is a low-probability endeavor (41:19 - 42:04).
- Acceptance of Drawdown: During his live demonstration, he explains that being in a drawdown while a trade is developing is a normal part of his strategy. He remains calm and trusts his setup as long as price does not violate the structural levels that would invalidate the trade's bias (109:45 - 110:03, 111:58 - 112:05).
How does he view trading progress?
The speaker views the path to success as a process of building a personal model through data and experience rather than relying on technical analysis alone. He emphasizes that the technical side of trading is actually a small component, while psychology and data-backed confidence are significantly more important (105:52-106:16).
Key aspects of his perspective include:
- The necessity of data: He stresses that traders must journal their trades and record their performance to build a deep understanding of their specific model, which makes executing trades with real capital much easier (12:10-12:28, 106:06-106:13).
- Patience and consistency: He advises against trying to capture the "whole pie" every day. Instead, he focuses on consistent, smaller "base hits" and suggests that only a few months of the year typically yield high-probability opportunities that result in significant growth (18:25-18:40, 102:26-102:30).
- Acceptance of variable progress: He notes that some days, weeks, or months feel like "decades of progress," whereas other periods of the year are purely defensive, where a trader's main goal is capital preservation (104:47-105:07, 102:09-102:16).
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