The First Loss is Your Best Loss in This Market…

The First Loss is Your Best Loss in This Market…

Posted On April 30, 2022 9:30 am

I hope you’re having a great weekend.  I won’t take much of your time…

However, this is an important – and timely – message.

[$19 Sizzle Sale] Claim your $19 Offer into the trading service that’s delivered its members huge gains every single year since inception (82% profits in 2021) — The Options360!

On Thursday last week, I entered a position in UPS.  

We had a great setup, and it looked like we had the making of a solid trade…

Then the trade went against us and we closed it for a small $95 loss.  

Not the end of the world, but why didn’t I roll the trade, etc?.  

It’s not unusual for me to adjust a trade, reduce our cost basis, and manage the trade to maximize gains or minimize losses…

But in this market, it’s often better to just take a small loss and go on to the next position.  

As I have said over and over, this is a bear market.  The Nasdaq is over 20% down – and while the Dow and S&P 500 haven’t fallen 20%, I can say with confidence that I know a bear market when I see one. 

I’ve lived through enough of them. 

Learn How to Trade Options for High Returns — Claim Your Exclusive $19 Options360 Trading Service Trial Offer

In a bear market making money becomes tough.  I’ve been harping on that for a while, but it is CRITICAL that you grasp that idea and accept it.  

The S&P 500, our benchmark index, is down 12.74% YTD.  

That means if we were just breaking even we would be doing quite well by any reasonable trading metric.  

I pointed out Wednesday that we had achieved a new high watermark for the year at 12.5% ROI this year.  

That means we are beating the S&P 500 by more than a 25% spread!

We hate booking losers, but it’s part of this business.  If you want to trade you’re going to lose some.  There’s no getting around that. 

However, my Options360 subscribers are doing well and are happy with the overall portfolio.  

Isn’t it time for you to take a $19 “test drive” to Options360

I can guarantee you it’ll be the best money you ever spent!

To Your Success,


PS. It’s time to get conservative.  The goal in a bear market is to survive and make a little money where you can.  Once the market turns…

And it always does, we will be set to clean up!  Get on board with the plan for just $19.

About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.