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Join me at 5 p.m. ET TODAY (and every Tuesday) for my “30 Minutes of Awesome” livestream — bring your ticker for me to analyze in real time! Why ‘Staying Wrong’ Is the Silent Killer of Trading Accounts One of the most critical lessons I've learned in trading over the years is the importance of not “staying wrong” in my trades. It’s not being wrong that costs you the big money — it's staying wrong. This principle is one of my core tenets — a "Jeffry-ism," if you will. Imagine you're in a trade, and you have a clear plan… "Here's where I'm right, and this is where I could be wrong." The market, however, has its own agenda and might prove you wrong. If that happens, one of the worst things you can do is stay in the trade, hoping for a reversal. Let's say your trade starts going south. If you don't close your position at your predetermined exit point, you're effectively deciding to stay wrong. Worse, you might double down, thinking the market will turn in your favor and you’ll get back what you’ve already lost. Before you know it, you've quadrupled your initial position, and the losses keep mounting… Now you’re really in trouble. The smart move is to get out when the market proves you wrong. It’s a tough pill to swallow, but taking a small loss is far better than watching it grow into a massive one. This approach isn't just about avoiding losses… It's about maintaining a disciplined trading strategy that prioritizes long-term success over short-term emotions. I've seen traders blow up their accounts because they couldn't accept the fact that they were wrong. They stayed in losing positions, hoping for a miracle. Trading isn't about hope — it's about making calculated decisions and respecting the market's signals. So, when the market tells you you're wrong, don't ignore it. Get out, reassess, and prepare for the next opportunity — there’s practically an infinite number of opportunities coming, so live to fight another day. Remember, it’s not being wrong that will cost you most, but staying wrong. Always be sharp and never let your ego dictate your trading decisions. Have a trading plan, including an exit strategy, and stick to it. You’ll be much better off and a much better trader in the long run. That said, I’ll be live at 5 p.m. ET TODAY for my weekly “30 Minutes of Awesome” livestream on YouTube! Please feel free to come one, come all. Over the first 30 minutes, we’ll cover everything going on the market, and then I’ll analyze your tickers in real time! Jeffry Turnmire Jeffry Turnmire Trading Be sure to join me live at 9:15 a.m. ET each weekday for “Morning Monster,” my market-open livestream on YouTube, and again at 5 p.m. ET on Tuesdays for “30 Minutes of Awesome” — bring your ticker and I’ll analyze it in real time! Please hit that Subscribe button on my YouTube page! *This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk. This setup is key to predicting stocks on the verge of breaking out… And I’ve just coded it into an algorithm that alerts you whenever it triggers on hundreds of your favorite stocks! I call it the “Apollo Smart Algo.” And over the last two months, Apollo has been dishing out trade alerts nonstop — averaging 2.8 wins PER DAY! I know that sounds crazy… But unlike typical trading tools that require you to do ALL the leg work, manually searching for trades all day… This “smart algo” requires ZERO oversight. All you have to do is follow the automatically generated algorithmic alerts that look like this! If you want in on the future of trading… And more importantly, to see how you can start receiving these very same automatic algorithmic alerts. Do not delay — there’s a MASSIVE world premiere discount expiring at midnight TONIGHT! Disclaimer: The profits and performance shown are not typical and you may lose money. From 4/17/24 - 6/19/24 the result for trade alerts issued in real time was a 77% win rate on 234 trade alerts, with an average return of about 2% on the underlying stock including winners and losers with an average hold time of 3 days. When hypothetical options were applied to trade alerts, the average return was 22.3% over a 3-day hold time. Performance is not indicative of future results. Trade at your own risk and never risk more than you can afford to lose. Want to get a link to TradingPub content, trade ideas, real-time market analysis and educational tidbits? We have you covered! Telegram is an entirely free messaging app and getting access is as easy as 1… 2… 3… 1. Download Telegram on your mobile device (Before you can add Telegram to your desktop computer, you must download the application on your phone and create your account: To download to your iPhone, click here. To download to your Android device, click here. After the download is complete, please create an account. NOTE: You can manage your privacy settings by clicking “Settings,” and then “Privacy & Security.” 2. Download Telegram on your desktop: Once you’ve downloaded Telegram onto your mobile device and created your personal account, you can download it onto your desktop computer. To download onto your PC, click here. To download onto your MacOS, click here. 3. Then add our channels by clicking these links!
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ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. TradingPub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. Unsubscribe |
The Daily Leo #576 ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ...
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