Right now there are plenty of horror stories of account blow-ups and margin calls as HODLers give back all their gains from the last two years…
I feel for them.
But you can't say it wasn't avoidable...
Greed and stubbornness will get you every time.
If you want to make money in the market, you can't let your biases get in the way.
You have to react to what's happening in the market, keep up with information, and make decisions based on what you see.
On Friday, I was in one of those positions myself.
I had an opinion about a stock. But when I saw new information, I had to change my tune pretty quickly.
Luckily for me and my subscribers, I made the right decision. And it created a glorious trading opportunity…
Why Biases Kill Opportunities
In Friday's Pre-Market Prep session, a member asked about Veru Inc. (NASDAQ: VERU) for a potential Friday squeeze … I didn't love it…
In fact, I gave it a three out of 10…
I thought there were too many bag holders stuck in this thing from its initial run in April.
I specifically said, "What you need for VERU to run is you need all these long-term holders to get excited."
That way, they won't sell into any spike.
Now, fast forward roughly thirty minutes…
I'm in my SteadyTrade Team webinar and I see a Breaking News Chat alert that says a Jefferies analyst raised their price target on VERU from $33 to $55.
I instantly switched my opinion.
The new information had completely changed the game.
Suddenly, long-term holders had a reason to get excited…
The news could bring in new buyers, which could force shorts to buy to exit their positions.
All of that creates the potential for a BIG move!
I liked the setup so much that I also alerted Daily Market Profits subscribers...
And VERU blew past my expectations (and goals) for the trade.
If you bought at my signal price of $10.50 and held to $15, you could have made 44% on your trade!
Where else can you find opportunities like this in a bear market?
This is why trading biases kill opportunities…
If I hadn't changed my opinion about VERU based on the breaking news, I would've missed out on this monster mover.
Trading is a fast-paced game. If you want to keep up, you have to adapt and react to new information FAST.
With that in mind, doesn't it make sense to have lightning-fast news and information delivered right to you?
That way, you can make the best trading decisions for yourself…
Like whether to get into a hot play based on good news like VERU or if you should bail out of a trade because a company just did an offering.
Join experienced traders Tim Bohen and Bryce Tuohey every day for live strategy webinars and trade ideas as they help you learn to navigate the stock market.
(As an Amazon Associate, we earn from qualifying purchases.)
13809 Research Boulevard, Suite 500, Austin, TX 78750
*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.
This is for informational purposes only as StocksToTrade is not registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.
StocksToTrade cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing.
StocksToTrade in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, StocksToTrade accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.
Post a Comment
0Comments