Despite all the turmoil in the Middle East and fears of inflationâ there have been several small-cap breakouts this week.
Two that stand out were TPST on Wednesday, going from $0.90 to a high of $11.50. And OPGN yesterday, moving from $0.34 to a high of $4.34.
However, most traders miss these types of opportunities and often find themselves on the wrong side of the trade.
Why?
It has to do with these four issues.
Luckily, theyâre easy to fix.
Table of Contents
#1 Putting Profits Ahead of Risk Management
Look around social media, and youâll find a lot of âtradersâ posting their wins.
However, youâll rarely see them post their losses.
This is especially true for a lot of short sellers.
Who cares how much money you make if you lose moreâŠright?
At the end of the day, itâs not how much you make. Itâs how much you keep that matters.
Your first few years of trading will be a struggle.
Itâs only natural because thereâs a big learning curve.
The name of the game in those first years isnât making moneyâŠitâs survival.
And the only way you can survive is by keeping your losses small.
My number one rule, and probably the only reason Iâm still consistently profitable, is that I cut losses quickly.
If you want long-term success, you must consider risk management first.
#2 Being Stubborn
Look aroundâŠ
Weâre seeing one short squeeze after another.
Yet there are so many crowded short sellers.
When will they learn?
I used to be a short seller, and I made a lot of money doing it.
But as market dynamics changed, so did my trading strategies.
I realized that the risk vs. reward didnât make sense as a short seller, so I focused mainly on taking longs.
This year has been tough for many traders, including myself.
And because of that, Iâve been experimenting more than in years past.
Trading is always about adapting; if youâre not finding success, you must be open-minded to trying new things.
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Donât let your ego get in the way of your future success.
#3 Betting Too Big
Everyone is in a rush to make money these days.
Itâs why most of them fail.
You canât force it in trading.
Believe me, I wish I were up more this year, but Iâm not.
Trying to put bigger positions to squeeze out higher profits can be a recipe for disaster.
So many traders expect the market to return to 2020/2021. But thatâs not happening.
Youâve got to learn to size accordingly.
Donât let one trade ruin you.
I prefer steady, small wins over the rollercoaster ride I see many traders on.
#4 Failure To Prepare
I typically go into each trading day with a trading plan and a list of stocks Iâm watching.
Prior to that, Iâve reviewed my trades and analyzed what I did right and wrong.
Iâm constantly trying to find new patterns and trends.
Asking myself, whatâs workingâŠwhat isnât.
Not only does this keep me sharpâŠbut it prepares me for whatâs in store.
Are you prepared?
Or are you going into the day hoping and praying youâll make money?
Do you have a strategy?
Do you have a trading plan?
If you answered no, then youâre in trouble.
Instead of being in a rush to trade, be in a rush to study and improve.
đ Sick of Missing Out on Huge Market Moves? đ
Many traders fall for the same pitfalls in a turbulent trading world where the unexpected happens daily.
From failing to prioritize risk management to neglecting preparation, these mistakes can cost dearly.
đ„ Caught up in the thrill of chasing profits, only to end up with hefty losses?
đ„ Sticking stubbornly to outdated strategies, even as the market shifts?
đ„ Betting too big, too soon, and burning out before the real gains appear?
đ„ Heading into trades with no plan, just blind hope?
If these resonate with you, youâre not alone. But it doesnât have to be this way.
đ Join me in our special live training sessions and letâs tackle these issues head-on.
đ Uncover strategies that prioritize long-term success and consistent profits.
đ Experience real-time analysis, spotlighting the common traps and how to avoid them.
đ Learn not just to trade but to thrive by understanding the core principles of successful trading.
Ready to turn your trading around?
Eager to capitalize on opportunities while keeping losses in check? The roadmap to resilient and profitable trading is just one click away.
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