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Sunday, April 4, 2021
Spring Cleaning Your Portfolio
Hey Trader,
It's about that time to vacuum, dust, wash and declutter your home to spring-cleaned perfection.
Pay attention to that last part — decluttering your home of junk cuts your stress and could even fetch you a few extra bucks.
But speaking of money: spring cleaning applies to your portfolio, too.
What do I mean by this?
Too often, I see new traders clutter up their accounts with all sorts of investments that do nothing but add complexity…
All in a bid to profit off the next hot trend.
There's no strategy to it.
These traders end up stressing out over whether their random moves will work — and they often don't without a good chunk of luck.
Yet time and again, traders who simply stick to one strategy and dodge all the "clutter" routinely win more often than not.
So if your account is all over the place, take some time to define a single trading strategy you want to follow…
Then "declutter" your account by getting rid of any trades that don't follow your plan.
There's one trader I know in particular who has taken this streamlined approach to the markets…
And it's allowed him to rake in over a million in profits over the past 4 years.
Market Traders Daily Director of Client Services 888-228-2376
Disclaimer:Futures, forex, stock, and options trading are not appropriate for all traders. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can ensure returns or against losses. No representation or implication is being made that using any of these methodologies or systems will generate returns or ensure against losses.
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