By: Steve Smith
Trading isn’t easy.
Done right it can be profitable, but it is hard to do correctly. Not only do you have to internalize and understand chart reading, stock history, etc…
It’s just hard mentally. Most people want to do the exact opposite of what you should do.
For example, when most people are in a losing position they want to hold on to recover their money. In case you haven’t figured it out, the market is very unforgiving to these people.
On the other hand, when in a winning position they want to take profits too early rather than letting it run. There is a time to get out – but most people have a hard time waiting.
On top of these knee-jerk reactions, trading is also hard because it is lonely.
That works for me because I am very introverted. I can be as social as anyone else in the right situation, but I am very happy living by myself and not seeing anyone for days on end.
Most people are not like that. Most people want to have regular interactions with others. More importantly, regular interaction with people they can discuss areas of interest with.
In other words, traders want to talk with other traders. Compare notes. Discuss trading ideas. Share stories.
That is one of the most powerful, and most overlooked, advantages of my Options360 concierge trading service.
For example, during our last Wednesday webinar, a member proposed a trading idea.
After vetting it, I realized he was on to something, and yesterday I sent an alert for a trade based on his thesis.
Exchanging trading ideas is one of the best advantages to regularly meeting with other traders, and that is part of our Wednesday webinars.
I don’t normally talk about the “social aspects” of being an Options360 subscriber. Everyone, me included, gets caught up in trades, strategies, etc.
However, if you want a community of smart and capable traders around you – which can only make you better…
You’ll get amazing trading ideas, a first-class education, connection with other traders on our Wednesday webinars…
In short, you’ll become a better trader!
To Your Success,
PS. If it’s not too late, you might want to see if you can get in on the trade I put on yesterday. Just make sure the pricing is within the range I set in the alert.