The “Smart Money” Loves This Stock…
We enjoyed a fantastic rally to kick off the trading week. And stocks continue to soar thanks to the power of the tech takeoff!
Yet while all the attention remains on the stock market, I still believe that crude is key…
Yes, oil is now significantly above its $45 midpoint from the energy meltdown earlier this year. That’s huge!
In my most recent TV appearance, I talk more about the market’s push back to new highs, the incredible crude comeback, and a “hidden” oil play the smart money loves right now.
Watch the segment to get all the details:
Keep it In the Money,
Trading Tip of the Day: You can’t outsmart the market!
Most traders fail and give up before they ever make a profit.
Some new traders throw in the towel after churning their accounts for months. Others tap out after the sting of a big loss. Inevitably, a few gunslingers wipe out their hard-earned profits on a big bet gone wrong.
I don’t have any hard data that explain why so many folks fail to make it in the trading game. After all, there is no exit interview with your broker when you blow up your account.
But if I had to guess, I would say most traders don’t make it for one simple reason:
They try to outsmart the stock market.
Many market newcomers view trading as a battle of wits. They’ve determined that they need firepower to beat the market into submission. That means mastering complicated software and learning how to use countless indicators to pinpoint trade ideas.
Yet over the years, I’ve found that the more complex you make your trading strategy, the worse your results will be in the long run. When it comes to trading, simple is best.
Of course, simple doesn’t always mean easy. It’s not easy to implement a simple trading strategy. But with the right mindset and guidance, you can begin your own journey down the path to profitability.
— Greg Guenthner