| Elon's $25 Trillion Confession |
Success is not always a guarantee.
But if you have a plan in place, you increase your odds significantly.
You see it’s not about having the “perfect” strategy.
It’s about the rule you abide by with each trade. Anyone can trade a stock.
But it takes a disciplined trader to trade that stock well.
One of the biggest issues facing all walks of traders is a severe lack of discipline and structure in stock buying habits. Many of us fail to use stop losses, or even protect gains with a simple trailing stop loss strategy. Others risk far too much.
A friend of mine once made 325% in a week’s time on a trade.
Then he risked it all on the very next trade that cost him 90% of that 325% winning.
That’s a recipe for disaster.
A trader with no plan for action has already lost.
Do you know when to exit on an up or down move? What stop losses or trailing stop losses do you have in place? Know these things, and set a plan so you won’t run into “crash and burn” scenarios as often as those with no plan.
Be sure to lower expectations. Inexperienced traders expect to quit their day job and make a fast-paced, hot lifestyle out of trading. That’s not going to happen. No one ever became a brain surgeon or rocket scientist the first year in. The same applies to trading. If you make a mistake, learn from it. Don’t repeat it.
Remove all emotion from your trading. That doesn’t mean you have to have ice flowing through your veins. It simply means you need to re-think your strategy. No matter what your emotion says, never allow emotion to dictate your trading action.
Never wait to take profits… If you have good profits in hand, take them. Exit half of the position and let the other half run. But don’t leave profits on the table for too long…
Here’s the number one rule to trading.
Never, ever, ever risk money you cannot afford to lose. Don’t do it. Don’t be that person, the fool that thinks Wall Street is a get rich quick slot machine that does nothing but spit of winnings.
Traders have this tendency to risk it all, thinking they can do no wrong for a big payout. Don’t get greedy. If you can’t afford to lose $5,000 in a single trade, then why are you doing it?
The market is not a sure thing.
Always make sure you have a complete 360-degree view of what you’re buying before you buy it. Fundamentally, take a look at what’s under the hood of the company with regards to earnings ratios. Technically, understand what’s happening in the short- and long-term with support and resistance.
Again, failure to plan can – and oftentimes will – lead to unnecessary loss.
Plan ahead and you’re ahead of the game.
Editor's Choice: This stock gets a 94 out of 100
If you're chasing Nvidia, Amazon, or Palantir right now, I've got one word for you:
Stop.
Because according to legendary investor Whitney Tilson, AI mania is about to leave millions of investors holding the bag.
Whitney just went public with one of his most controversial predictions in years:
The AI boom is real... but the next wave of gains won't come from where everyone expects.
Instead, he believes a stealthy, little-known stock is about to blow past Nvidia in a way few investors see coming.
And here's the craziest part...
He didn't find this stock by digging through balance sheets or chasing headlines.
He found it using a stock grading system that he and his team quietly spent years developing behind the scenes.
It's the same system that just flagged this unusual AI stock with a 94 out of 100 rating... one of the highest scores ever recorded.
And right now, for the first time ever, Whitney's giving away:
- The name and ticker of this company
- His full analysis
- And a demo of the system that uncovered it
All completely free.
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Written by Ian Cooper