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Join Lance at 2 p.m. ET to see his 24-hour — or less! — strategy that’s crushing this market. There’s a new trade coming today, so don’t hesitate! An Apolitical Lesson on Why We Must Leave Personal Politics Out of Our Trading Let me start by saying that my view on politics is that it’s all garbage, and there really aren’t any politicians I “like.” In the simplest terms, I think they’re all full of it. Politics and I don’t get along… we’re not good friends. I roll my eyes and leave the room when political discussions start. I think too many people get bogged down in this stuff, so I want to cover one of the best non-trading lessons I can teach you about trading, and that’s to stop bringing your politics into the market, or you will miss big opportunities. We do not talk politics during my sessions because when it comes to trading and being a good trader, it just doesn’t matter. Let me explain… Why Politics Stay Out of My Market Analysis Whether you like Donald Trump or Joe Biden or whomever, it’s essential to leave politics at the door when it comes to your market analysis. Just look at the facts... The stock market has seen major gains since Biden has been in the White House. Yes, you heard that right. Despite the political noise, the market has performed exceptionally well for big chunks of the past three-plus years. Pandemic crash aside, the market also performed exceptionally well under Trump. But say you don’t like Biden and thought the world was going to end when he was elected, and you stayed out of the market because you were sure it would crash. Well, you would have missed out on a lot of money. I’ve seen so many people miss on significant gains because they were convinced that political events would dictate market moves. Let me be clear: Politics have zero impact on my analysis, and they shouldn't on yours, either. It will only hurt you in the long run by distorting your trading decisions. Real-World Example: The Russell 2000 Let’s take a real-world example from the last presidential cycle. Many believed Trump would continue being tough on China, while Biden would be really soft — myself included. And after the first presidential debates, the Russell 2000 started outperforming other indices. This particular market anticipated a Biden victory after that debate — I don’t know why, and I don’t care. While many were caught up in political debates, I focused on the market's signals. The Russell 2000’s performance indicated that investors were positioning for a Biden win because they thought he’d be soft on China. Now, if I had let political opinions cloud my judgment, I would have missed out on this significant move. So rather than focusing on political rhetoric, we need to focus on market indicators. Don’t miss moves because you think some politician is going to be elected some time in the future. Politics and Market Performance It’s a common misconception that the stock market performs better under one political party over another. History shows that the market can thrive under different administrations, regardless of political affiliation. Some of the strongest market performances have occurred under both Democrat and Republican presidents. Always look at the data. The market's behavior provides clues about its future direction. By focusing on indicators like moving averages, candlestick patterns, VWAP or the performance of small caps, you can make informed decisions that aren’t swayed by political biases. A Final Note Keeping politics out of your market analysis is not just good practice… it’s essential for the most successful trading. The market has its own set of rules and signals, which often have little to do with political events. By focusing on market data and staying detached from political noise, you can avoid the pitfalls that many traders fall into — and capitalize on the real opportunities that the market presents. I promise you beyond a shadow of a doubt, there will be countless opportunities to make money in the markets no matter who wins in November. Focus on what really matters: The market’s signals and your trading strategy, and you will be much better off… I hope that helps! Roger Scott Roger Scott Trading Follow along and join the conversation for real-time analysis, trade ideas, market insights and more! Telegram: https://t.me/+_vmfwkeP8fA5YWQ5 *This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk. My No. 1 Tanked Stock for Your List! I have a strategy that has a near-92% win rate so far in 2024 — including 10 straight winning trades. It centers around finding good stocks that have tanked overnight for one reason or another… Maybe a member of the company brass stepped down, a bad headline hit the news like earnings or its forward guidance was weak — any number of reasons a stock suddenly falls. Well, it very well may be a prime candidate to fill the gap higher in the following days. And if you know where to look, you have a great chance to go along for the ride. I’ll be live at 1 p.m. ET today, June 12, to cover my method, and I’ll even share my No. 1 stock that just tanked… and could be primed for a rebound. JeffryTurnmire’s ‘30 Minutes of Awesome’: CPI, PPI, FOMC?! Jeffry Turnmire is live at 5 p.m. ET every Tuesday to cover his thoughts on the current market, catalysts and market-moving headlines for 30 minutes — and then he does another 30 minutes or so analyzing your favorite tickers in real time. Catch Tuesday’s replay at the link below, smash that Subscribe button on his YouTube channel and then join him live at 5 p.m. ET each Tuesday! Want to get a link to TradingPub content, trade ideas, real-time market analysis and educational tidbits? We have you covered! Telegram is an entirely free messaging app and getting access is as easy as 1… 2… 3… 1. Download Telegram on your mobile device (Before you can add Telegram to your desktop computer, you must download the application on your phone and create your account: To download to your iPhone, click here. To download to your Android device, click here. After the download is complete, please create an account. NOTE: You can manage your privacy settings by clicking “Settings,” and then “Privacy & Security.” 2. Download Telegram on your desktop: Once you’ve downloaded Telegram onto your mobile device and created your personal account, you can download it onto your desktop computer. To download onto your PC, click here. To download onto your MacOS, click here. 3. Then add our channels by clicking these links!
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