The Only Trading Principle That Guarantees Success

[The Bleeding Edge]( Van’s Note: Van Bryan here, Jeff Brown’s longtime managing editor. Here at The Bleeding Edge, we focus on advancements in the world of technology. But when we run across other investing ideas that can benefit our readers, we make sure to share them. Larry is a friend and colleague… But most importantly, he’s an expert trader. And for anyone who’s interested in the world of trading, he has a crucial message… A rare event will soon be taking place – and Larry wants to tell you all about it tonight, at 8 p.m. ET. This is a rare trading event… And that makes it an excellent time to profit. Just [click here]( to sign up for Larry’s urgent briefing taking place tonight. --------------------------------------------------------------- The Only Trading Principle That Guarantees Success By Larry Benedict, editor, The Opportunistic Trader Trading is a business. And like any business, you have to have a goal of what you want to make and a plan to hit that goal. When I was running my hedge fund, that was the only way I did business. I had clients write down a number on a piece of paper, and that’s what I made for them. Similar to those clients, anyone who’s serious about trading should have a goal of what they want to make. A number on a piece of paper that they’re going to make in one month… two months… or whatever timeframe it may be. And there’s one specific way to achieve that… You should always look to put a “P” (profit) on the page. It doesn’t matter if the profit is small – if you have it, you take it. This is the only reliable way to hit your trading goals. Recommended Link [***Don’t Miss Tonight at 8 pm ET: Over $1 Trillion at Stake?***]( [ad_img]( Legendary former hedge fund manager Larry Benedict estimates there’s over $1 trillion at stake this coming week. It’s a strange phenomenon he calls the “7-day blitz”. An organization that’s regulated by the federal government will enforce an event with 100% certainty. And if you know what ticker to trade during that week, some of that money could end up in your pocket. Which is why Larry is hosting a free online webinar tonight at 8 pm ET to help you prepare. He will even give you the ticker… no strings attached. [Click here to instantly secure your spot.]( (By clicking the link, your email address will automatically be added to Larry’s RSVP list.) -- Most traders want to make a specific amount of money… But also get there in the fastest way possible. They overleverage their positions, load up on risky bets, and get blown up. That’s a fast way to become poor, not rich. The smart trader… the one who’s in the vast minority… is taking small profits every single day. And if you keep doing that, over and over again, you accumulate a larger base of capital and can afford higher levels of risk… which inevitably leads to bigger rewards. Trading this way means your winners will outweigh your losers. You won’t be all-in on one high-risk idea – the harbinger of death in the trading world. It seems obvious and easy to follow, but most new traders don’t think this way… First, it’s because they get attached to their losers. They sit in a losing position, hoping it will eventually become profitable… and it usually doesn’t. And second, they never take a profit unless it’s a grand slam. They’ll keep pressing on a winner, even when they’re losing money overall. They think that’s the only way to be successful. But that’s the wrong line of thinking… and it’s the #1 pitfall new traders tend to fall into. Recommended Link [Get Ready for a Potential Blitz of Gains Next Week]( [ad_img]( See this blitz of gains? They come from a strange phenomenon legendary former hedge fund manager Larry Benedict calls “the 7-day blitz.” This market phenomenon is happening next week... Which is why Larry is hosting a free online webinar tonight at 8 pm ET to help you prepare. He will even give you the ticker you need to trade during the event… no strings attached. [Click here to instantly secure your spot.]( (By clicking the link, your email address will automatically be added to Larry’s RSVP list.) -- They don’t understand how to size their positions according to how they’re trading. They don’t earn their risk. And understanding how to do that is the most important thing in trading. For example, in 1984, I started out on the floor of the Chicago Board Options Exchange, with $10,000 of my own money. Larry (right) on the floor of the Chicago Board Options Exchange in the mid-1980s I would allow myself a sum of money to trade and grow. And I kept losing all of it. At the same time, I had a buddy named Andy who was making money every day. But I couldn’t figure out what he was doing differently. I called my mom and told her Andy was making so much money and I was losing all of mine. She said, “Just do what he’s doing.” Here’s what he was doing: Letting profits slowly trickle in. He wasn’t going all-in on a risky trade idea. He was slowly, but surely, building a strong base of capital. In other words, putting a “P” on the page, no matter what. It took me a long time to grasp this concept. I chewed through all of my money probably two or three times by making silly mistakes. Things like being too impulsive, going for the home run, or holding onto losers too long… All the basic “no-no’s” of trading. But, each time I chewed through all of my own capital, I learned something. Recommended Link [***Don’t Miss the 7-Day Blitz Summit Tonight***]( [ad_img]( Legendary former hedge fund manager Larry Benedict made millions for himself and his clients trading only one ticker. That’s why John Burke will be hosting the upcoming “7-Day Blitz” Summit tonight at 8 pm ET. Larry will even give you the ticker during the event… no strings attached. If he’s right about this, there’s a lot of money that could be made this coming week. [Click here to instantly save your seat.]( (By clicking the link, your email address will automatically be added to Larry’s RSVP list.) -- I got closer to learning how to let go of losers and avoid impulsive trades. Then, I got picked up by another firm and they gave me some money to trade and a shot. And over time, I began to figure out proper money management. But, it takes both practicing on your own and learning from others. I was lucky because I made all my mistakes early on in my career and was willing, and able, to bounce back. The reason I’m telling you all this is to inspire you. Anyone can start small and become a big-time trader – especially if I could… It all starts with learning how to slowly put profits on the page. Before long, you’ll notice those profits grow larger and larger. And that’s when you’ll know you’ve made it as a successful trader. Regards, Larry Benedict Editor, The Opportunistic Trader P.S. Being a successful trader can take years of hard work and experience… But even more importantly – every trader needs an edge. My edge is [a rare event that I call “the 7-day blitz.”]( During this time, the markets are prone to extreme volatility – which can lead to extreme profits. Of course, most traders don’t even know what it is or how to trade it. Fortunately, all it takes is a single ticker to make life-changing gains. And tonight, at 8 p.m. ET, I’ll be revealing all the details about this rare event – [including the one ticker you need to trade it](. Just sign up [right here]( so you don’t miss my free special presentation. --------------------------------------------------------------- Like what you’re reading? 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