This One’s For The Bulls!
I’m doing something a little special for you today…
In a short video update, I talk in depth about what I’m seeing in the markets!
I’ll take a look at some stocks I think are poised for momentum moves and even go into detail about the sell-offs and rallies we’re seeing this week.
This is definitely not something you want to miss, so click below to get started!
Keep it In the Money,
Trading Tip of the Day: What to do when you get it all wrong…
Even as the major averages retreat from their all-time highs, there’s no shortage of strong trades on the market right now…
Unfortunately, conditions are also ripe for the market to eat new traders alive.
The mental aspects of the trading game are extremely difficult to handle — especially during a powerful bull market. When the first wave of losses rolls in, complacent traders begin to crumble. Fear and greed rip the newbies apart.
If this sounds like you, you need to work to transform your process to help become a consistently profitable trader. This begins with learning some of the key uncomfortable truths of trading. If you can embrace these ideas, you just might have a shot at dancing with the big boys…
The truth is, it doesn’t matter if you’ve been trading ten years or ten minutes. If you’re playing the market, you’re going to hit a losing streak. It’s unavoidable.
But many traders (especially those who are new to the game) are blinded by unrealistic expectations. They’re obsessed with being right instead of making money. So instead of selling their losers, they let ‘em ride. You can probably guess what happens next…
The first step on the road to trading success is embracing your losers. Acknowledge when you’re wrong, sell when your stops are hit and move on.
There are plenty of professional traders out there who boast win rates of 50%– or less! They’re staying consistently profitable by cutting losses early and letting the market work its magic.
— Greg Guenthner