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- The never-discussed secret to a solid trade plan 🤫
The never-discussed secret to a solid trade plan 🤫
Seriously, most people won't tell you this...
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Hey Folks, Jeff Bishop here… and happy Friday! What a week!
Hope you are catching your breath.
You likely need to (like me) because as traders we are, by design, reactors.
Always watching for the next bit of info to react to.
Our trade plans are built to DO things.
But sometimes, whether you realize it or not, the best thing to do is… nothing.
Me? I’m an active trader.
But my partner in crime over at Alpha Hunter, Taiku?
That man is an active trader. Bold letters.
As I write this email, he’s in our Alpha Chamber live trading room making trades, talking trades, and just living that trader life.
And if you ever need help understanding something about options trading, he is there to help you out, no problem.
I love it.
If anybody would be reacting to trading news and market moves, it’s Taiku.
Yesterday, Taiku and I held our weekly live trading session inside the Alpha Chamber.
We discussed the current “joke of a market” (as I like to call it), and how drastic the moves have been lately.
You either win big fast or you lose big fast.
It’s annoying.
Problem is, when the markets are this volatile, it just destroys active traders because they panic.
You see a big drop and you get out of the trade… so you get out at the worst possible moment.
You see a big jump and you get out of the trade… so you potentially leave a bunch of money on the table.
Either way, you’re not dealing with fact-based trading anymore. You’re trading emotionally.
That ain’t the way to do it!
The best way to combat this panic and emotion is by having a trade plan that factors in DOING NOTHING.
Taiku shared a trade with us that demonstrates this.
On July 1, Taiku entered a trade on COIN at about $230 (blue arrow), setting up some bull calls at $4.90:
Then the price went down.
A few days later, it dropped down to $209.
A lot of traders panicked and sold off, taking the loss.
But Taiku looked at his trade plan, and he saw:
COIN hasn’t hit his profit target (obviously)
It didn’t hit his stop out yet
He wasn’t in the last week before expiration yet
So he did nothing.
And those $4.90 calls he took?
Within the last couple days, he was able to cash out at $7.35.
*Trading is hard, results not guaranteed and should not be expected to be replicated typically.
If his trade plan wasn’t clear as day, he would’ve let the frustration lead him to take the loss.
Profits AND peace of mind.
That’s what a good trading plan gives you.
They won’t all win. He’s in another trade right now, going through the same situation.
Maybe that one won’t pan out like this one.
But…
Taiku has the satisfaction of knowing he doesn’t have to stress about it.
No worries.
Just follow the plan and see what happens.
I can’t imagine how stressful being an active trader would be without a clear plan.
Do you have one?
If not, we can help you build one.
That’s what Taiku and I do every day in Alpha Hunter.
Yeah, we find you trades. We make new trades just about every day.
But we also give you the FULL game plan for each trade, along with WHY we’re making it.
That way you’ll know whether you need to buy, sell, or do absolutely nothing.
To YOUR success,
P.S. As always, for questions about any of our services, contact our amazing sales team at 1-800-585-4488 / [email protected]. They’d love to hear from you!
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