I hope you’re well as we kick off a long Labor Day holiday weekend.
This week we saw the first signs of blood in the market in several months…
Which, if you’re a seasoned trader, you know is just the natural order of things.
See, there will always be pullbacks… retracements… and fluctuations in the markets.
That’s why developing the right mindset is such a critical aspect of long-term trading success.
Without a properly tuned trading mentality, you will be unable to deal with the down days like we saw this week…
And you’ll be more prone to deviate from your trading plan and make emotional decisions on the fly.
That’s the absolute worst thing you can do as a trader.
So today, I want to talk a little bit about trading psychology… and one thing you can do today to strengthen your mindset before the opening bell on Tuesday.
Now, the first thing you have to understand when it comes to trading psychology is that you will experience losses.
Losing is just part and parcel of trading… and if you cannot mentally accept that, then I’m afraid you’re in for a rough time.
Of course, another absolutely critical element of trading is having some sort of strategy in place to help you mitigate the losses that you do experience…
While simultaneously maximizing the profits you’re able to take.
Because in all honesty, when you’re making 300..
500..
And 1,000% gains on a consistent basis, it makes dealing with the occasional 20 or 30% loss much, much easier.
Now, another critical piece of trading psychology is managing both fear…
And greed.
See, fear can hold you back from pulling the trigger, even if a trade checks all the right boxes for an entry according to your trading plan…
But greed can get you in trouble by leading you to overtrading and taking unnecessary risks.
I’ve seen countless traders blow their account, get frustrated and give up trading altogether simply because they were looking to take every trade possible…
Rather than being strategic and selective.
It’s kinda like using a machine gun with a “spray ‘n’ pray” approach…
Versus using a sniper rifle and patiently stalking high-value trades that can really reap big rewards.
Again, why spend the effort, energy, mental stress and capital trading big-name, overbought stocks that are trending on Robinhood…
When you can simply look for a handful of trades every month that have triple-digit percentage profit potential?
I mean, think about it…
How many 400%… 700%… or 1,000% winners do you need each month to have a darn good quarter… and an even better year?
See, here’s the thing that a lot of traders fail to realize…
There are more than 7,000 publicly traded stocks on the U.S. exchanges alone.
That is a LOT of untapped potential buried beneath a whole lot of noise.
So rather than getting hung up on the Apples and Teslas that everyone else is chasing…
You can simply follow a strategy that sniffs out those big, under-the-radar opportunities on small, little-known stocks that most traders are missing out on.
Now, our resident equities expert Ross Givens has developed one such strategy…
And it’s pulled in gains worth hundreds and even thousands of percent on obscure stocks and optimally structured call option plays.
And, I’m telling you…
When you have a strategy in place that you can rely on for trades with that kind of potential…
You’ll be amazed at how much easier it is to manage your mindset and your emotions.
We’ve actually put together a free training video you can watch right now to learn the details of this system and how you can begin applying it to your trading immediately…
