Date: 2/17/2023
Author: Chris Hood
I’ve found there are two types of traders.
First are the reckless, carefree types who disregard risk management by trading bad ideas, poor setups, and oversizing their positions.
Typically, they blow up their accounts quickly.
The market is greedy and will take everything you have if you aren’t careful.
On the other side are the people who are so afraid of losing money that they hardly ever place a trade, or trade such a small size on 5-star setups that they never make any money.
You’ll find them sitting on the sidelines watching winning trades they could have taken.
As a trader, your goal is to find the balance between these two extremes.
We’ve recently had some interesting conversations about this in the Trade Command room, so I thought I’d share.
I’ve written a lot about the overly risky trader, but if you’re too conservative, here are some ways to get yourself in the game and start cashing in.
Just last week, Corey snatched up a quick 103% return in 25 minutes.
Meaning you could have doubled your money with a few taps on your phone while having lunch…
And now, Corey is going to show you precisely how you could harness this stock to boost your income by $1,000 a week for the next year…
Find out more about how to get in on the action
Those who are afraid to place trades lack confidence.
This can stem from a poor understanding of technical analysis, or a lack of trust in a proven system of signals.
My tools and system are proven to work.
If they weren’t then I wouldn’t be able to make a substantial living off my trading profits. Nor would hedge funds seek me out for advice.
My Alpha Waves and PowerTrend tools are the products of 20 years of trading experience.
Backtesting shows them to be highly profitable, and each day I am able to hit my daily profit goals by doing what they tell me.
These tools were constructed to save me time.
I knew I could make money in the market, but I wanted to increase my efficiency by programming my entry and exit criteria into a visual, easy-to-understand format.
When the tool says to get in or out, all I need to do is pull the trigger.
Doubting them typically means I’m going to lose or miss out on a likely gain.
But I won’t lie, learning to trust signals isn’t easy.
However, confidence can be built first by paying attention to those trades you decided not to take. Write them down and see what happens.
You’ll often see how you could have made quite a bit of cash.
Second, if you find yourself doubting the signals, just paper-trade them until you see how effective they are. Or if you decide not to paper trade, at least place very small positions that won’t cause you to worry.
When your winnings begin to add up so will your trust increase.
Otherwise, it’s as if you had a money-printing machine you were afraid to turn on.
Remember that at least 90% of this game is psychology.
Trust your system and trust yourself.
You’ll thank me for it.
Cheers,
Chris Hood
PS – By using this one indicator, Corey Snyder reeled in over 250 winning trades on this one stock…for lightning-fast returns of 193%…262%..even 294% on one overnight play. And the wins keep on coming. Just last week, he snatched up a quick 103% return in 25 minutes.
Click here for the full details.
