Apr 9, 2021 Late to the game? Don't get stuck chasing market trends! Good morning, Traders! Josh Martinez here.
As we continue to look toward the coming market shift thanks to the growing economic recovery, we must make sure our trading strategy aligns with that shift.
When trading, timing is everything. And some traders who are new to the idea of the market tend to get into a trade too late and close their positions too soon.
It's important to realize that not every trade will net us a win. There will be losses. But when we see a trade starting to tank, it's vital that we remember that we can't avoid loss altogether. The goal is to minimize our losses. And that's why timing is so important.
So if you're struggling to get into a trade at the right time or find that you're always selling just before the trade swings your way, be sure to follow along with me as I show you how to improve your staying power and the importance of tracking trade direction!
Mindset Advantage: Acceptance It's not the market. It's not your indicator. It's TRADING. Let it go. The first step toward consistent profits comes when you accept the reality that losses will occur. Prices have a mind of their own at times. The institutions are at the wheel. The sooner you accept this, the more progress you'll make. Look at the past, but don't stare. Accept what's happened and move on. Target tighter entries. Get the heck out of those losers you're hanging on to. Accept. And start to enjoy trading.
There is a very high degree of risk involved in trading.
NOFT Traders | 20 North Orange Avenue, Unit 1100 Orlando, Florida 32801 THIS MATERIAL IS OFFERED FOR EDUCATIONAL AND GENERAL INFORMATIONAL PURPOSES ONLY. NO INVESTMENT ADVICE OFFERED. This is an advertisement for online information courses, workshops, classes and other educational programs relating to finance and investing. It is not an advertisement for investment advice. Pursuant to FTC regulations and federal law, Traders Agency, LLC intends for the information in this advertisement to be truthful and not misleading. Accordingly, any and all readers of this advertisement (this means you) are fully informed that none of the information, material, or courses that Traders Agency, LLC offers constitute investment advice as defined by the SEC and by federal law. These materials do not take into account a subscriber's (this means your) particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation (this means to you) for the purchase or sale of any security or investment strategy. Under SEC regulations and federal law, the purchase, sale, or advice regarding any security, other financial instrument or system can only be performed by a registered/licensed industry representative such as, but not limited to, a registered investment advisor. It is very important to do your own analysis before making any investment based on your own personal circumstances. Investing involves substantial risk and results are not guaranteed. Neither Traders Agency, LLC nor its principals or affiliates are registered investment, legal, or tax advisors or broker/dealers. Traders Agency, LLC is not registered with the SEC or licensed as an investment adviser. We do not offer investment or financial advice. Individual subscribers (this means you) are solely responsible for confirming the accuracy and appropriateness of the provided information for their own uses with their personal tax, finance, or legal advisor. INVESTING INVOLVES RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. RESULTS ARE NOT GUARANTEED.
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Late to the game? Don't get stuck chasing market trends!
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