There’s a saying in war…
“Sometimes, the best defense is a good offense.”
But when it comes to the stock market, I believe the opposite also holds true from time to time.
“Sometimes the best offense is a good defense.”
Right now is one of those times.
This market continues to become more volatile.
And while that presents a lot of opportunities, you can’t play your positions too fast and loose.
Thing is, the most savvy investors understand that nobody’s immune to volatility.
And one of the most savvy traders I know understands how to ride the wave of opportunities that volatility brings, while making a strategic exit when the tide turns.
MTD Chief Analyst Steve Place plays strategic defense to protect his members’ portfolios.
And in a volatile market like this one, the best defense can be…
As quickly as a stock can go to the moon, it can also take the express elevator to the basement.
And nobody wants a stock that couldn’t find the floor if it fell out of bed.
But traders like Steve know that while we can’t see the future, we can still plan for it.
Just a couple of days ago, Steve’s strategically placed stop losses on a couple of open positions, saved his Precision Volume Alerts members from a volatility-induced bloodbath.
If you want a powerful trading service, with a veteran coach who will mitigate your losses like he would his own…
How Do Stop Losses Work?
Stop losses function like an ejection seat with a parachute.
If you don’t get out of a trade that breaks bad, you could lose all of your hard won profits.
Even the best trader can’t manually bail fast enough to efficiently mitigate their losses.
If you rely on manually exiting a trade, uncontrollable factors like slippage, or power outages can keep you locked in a bad trade.
What happens if your trade goes bad while you’re out of the country, on vacation, with no Internet?
A potentially catastrophic loss of profits, and capital.
Stop losses allow you to set a predetermined price target that automatically exits your position once the price threshold is met.
There’s no magic bullet to make you completely immune to losses, but having a plan in place can offer your portfolio significant protection.
Steve’s battle plan is to consistently maximize your gains with the best trades, while mitigating your losses with stop losses and even more advanced strategies that aren’t mentioned here.
See you on the inside,