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Hi, My name is Justin and I‘m with
Commodity Trading Research, today were
reviewing our recently published article…
Let me tell you something that others in
the financial newsletter business won’t…
Despite the assertion of quick and easy
profits made by many in this industry,
trading isn’t easy at all.
In fact, the endeavor can be downright
challenging if you don’t have the right
method and attitude.
Whether you’re just getting started in this
game, or you’ve been trading for years,
you’ve probably noticed you’re prone to a
few bad habits.
• Held on to a losing position, hoping
for it to make a recovery.
• Sold a winning position for a small
profit, only to watch the stock or
commodity skyrocket without you.
• Traded too much. Jumping around
from trade to trade in hopes of finding the
next big winner, only to find you’ve
churned your portfolio for zero profits.
• Tried calling tops and bottoms in the
• Become emotional (mad) when a
stock doesn’t do what you expect it to.
• Defended a losing position, refusing
to accept you’re wrong.
• Closed a trade for an exceptionally
• Bought more of a losing trade
What you see above are just a few of the
bad traits that every trader tries or
experiences at some point in their career.
Let me be clear…
If you keep repeating the mistakes above,
you’re trading/investing experience is
going to be painful and short.
To effectively distinguish these bad
habits, you need to look at trading from a
fresh perspective. I’ve put together a
short list of beneficial habits that
profitable professional traders adhere to
each and every day.
Let’s get to it…
Let’s get the basics out of the way first…
Like everything in life, having a good
attitude is essential to success in trading.
You’re not going to take consistent profits
out of the market if you’re convinced
you’ll lose from the get go.
With that said, overconfidence is just as
dangerous in trading as a lack of it. It
may take a while, but a finding a balanced
attitude is essential to market success.
What do I mean by “balanced”?
To collect consistent profits you must be
confident in your process, but at the same
time be willing to quickly admit you’re
To help you achieve this balanced
attitude, I’ve put together a few trading
tips that professional traders adhere to
day in and day out…
1. Be selective. Don’t try to catch every
move in every stock. It you’re loading
your portfolio with a dozen or more
trades, hoping that one of them will be a
big winner, you’re inviting disaster. Have
a trading plan and only take trades that
meet that plan.
2. Always have a price where you’re
willing to admit you’re wrong. There are a
number of different ways to do this. It can
be a simple 10% loss rule, or maybe it’s a
technical point on a chart. Fact is, you
won’t be successful in trading unless you
keep your losses small.
3. Accept the truth that you won’t be
right on each and every trade. Even the
best traders in the world are wrong at
times. The difference between these
successful traders and those who
consistently lose money are that the pros
quickly admit they’re wrong and move on.
4. Have a profit taking plan. When
you’re right about a trade, you need to get
paid. To do this, have price points where
you collect some gains- no matter what.
But here’s a little secret- always leave a
small portion of a profitable trade open.
You never know when a stock or
commodity will go on a spectacular run.
It’s these big trades that really help your
5. Don’t try to be a hero by picking tops
and bottoms. Over the long run you’ll
notice trying to pick the exact point where
a stock or commodity will reverse higher
or lower is a fool’s errand. Instead, find
the trend and trade with it.
If the trend is up, go long or buy calls. It
it’s down, go short or buy puts.
6. Don’t get attached to your positions.
This is big one folks. Getting emotionally
attached to a stock or commodity is one
of the worst habits you can have. It
always leads to big losses because you’re
not willing to admit you’re wrong.
You’ll know you’re emotionally attached if
you get mad when an asset doesn’t go in
the direction you think it should.
There you have it…
If you’re interesting in long-term trading
success you must adhere to the rules
But here’s the deal- even if you’re aware
of these rules, it may be hard to stick to
That’s where discipline comes in. For
long-term market success you must turn
yourself into a cold, calculated, risk taker.
Speaking of taking risks, here’s a bonus
Professional traders always ask
themselves one very important question
before each and every trade...
“How much do I stand to lose if I’m
Amateur traders ask a different
“How much will I make if I’m right?”
There’s a very important difference
between those two lines of thinking.
Keep the rules above in mind on your next
trade- you’ll be a better trader for it.
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