September 28th Monster Trades Newsletter
| | Hi there!
Famous trader Ed Seykota once said, "Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money."
That's not easy to hear.
We'd love to just blow it off.
But Seykota turned $5,000 into $15,000,000 in twelve years, so maybe he's worth a listen.
How did he do it?
He believed in Monster Wins.
He didn't just believe in big wins a little bit. He absolutely believed in them.
And, when you think like that, Monster Wins will come.
Big winning trades are out there.
They were out there two hundred years ago and they'll be out there two hundred years from now.
But we have to want them.
We have to believe in them.
If we don't, we'll stop out right when the Big Win is getting started or we'll hold on to a loser so long we lose everything.
If we never think we'll get a Monster Trade we get the satisfaction of being right by sabotaging.
We win by losing money, just like the quote.
Seykota didn't become one of the greatest traders of all time because he had a great system.
His system was nothing special.
He got there because he was a great believer.
He got what he truly wanted.
What do we want?
Happy trading,
Scott
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| | | | | Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument. |
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