Hey Trader, Contrary to popular belief, trading isn't just about making money. Sure, that's the fun part… but the real value is in the education. In that way, trading is all about learning lessons. And the lessons that always stuck hardest with me were the ones I learned from losing money. See, I HATE losing money. Especially losing money trading. But as much as I hate losing my own money trading, that's nothing compared to when my subscribers lose money following my ideas. Of course, it happens… Overall, we make money, but that doesn't mean we'll never see losers. Regardless, I try to minimize losses as much as possible. That's why I said recently that I'm going to be more cautious calling signals that I've lost money in before. Fool me once, am I right? Instead, I'm more comfortable taking positions in stocks I've had success with… Ones that seem to be lucrative no matter how many times I return to the well. I also said that I'd be taking less trades in general and exiting them sooner for smaller profits. Because here's another lesson I've learned: I've noticed we have a lot of traders making money in the Trade Room lately, but more from scalping than holding longer positions. They get in, and they get out quickly. That might mean winning just 20% in 30 minutes or so, but a win is a win. Triple-digit winners are still out there, too, as we saw last week in our JD, FSLR, BABA, and CRM trades. But in volatile market conditions like these, the lesson is to take profits where you can. Get in, get out, and move to the next trade. Well done to many of you in the Trade Room doing that exact thing. Bottom line: In these conditions, trade more conservatively if you choose to, and take profits quickly when you get them. The bull market will return, I'm sure of it… But until it's here to stay… Be smart. Til next time. Regards, Andrew Keene
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