We traded SOUN today. This morning, we were up 10% on the trade. By the end of the day, it gave back all the profits, and we closed at -2%.
Here’s how I look at it:
When I take a trade, I’m not trying to be right every single time. My goal is to find trades where the reward is worth the risk.
For SOUN, I still think it could hit $20–$25 long term, but some short-term signs broke down, so I had to exit. That’s part of my plan — I don’t sit and hope when things change.
Think of it like baseball:
You don’t need to hit a home run every time. You just need enough good swings to win the game. Some strikes happen, but the big hits cover the misses.
Because of this:
- My win rate will be lower since I cut trades when they break.
- But the big winners cover the small losses over time.
This trade? No big deal. We took the shot, it didn’t work, and now we move on to the next setup.
Trading isn’t about being perfect. It’s about sticking to the plan and thinking long term.