💀 3 Fatal Trading Flaws (and How to Avoid Them) 🙅‍♂️

[Image] February 8, 2024 💀 3 Fatal Trading Flaws (and How to Avoid Them) 🙅‍♂️ Happy Thursday, traders. Ben Sturgill here. Listen … the options market can be a dangerous place. As your mentor, my goal is to help you avoid the mistakes that cause so many trades to lose. And with the major indexes at new all-time highs, it’s more important than ever to steer clear of avoidable trading pitfalls. It was the same for me when I was playing Division I basketball. Great athletes — like great traders — know how to avoid critical errors on offense and defense. Which is exactly why I’m about to break down three fatal trading flaws. Then, I’ll lay out a few simple steps you can take to potentially steer clear of these problems altogether… WARNING: If you don’t know what to watch out for, you might find yourself making one of these critical mistakes… Fatal Flaw #1: Missing Five-Star Setups If you find yourself missing winning plays on stocks in your watchlist, you need to be honest about why it’s happening. You might be: - Ignoring technical indicators - Watching the wrong stocks - Missing out on ‘smart money’ sweeps - Chasing the upside (or downside) - Buying contracts that are too far out-of-the-money - Buying contracts that are expiring too soon If you’re identifying great setups and simply not trading them … you’re leaving money on the table. And it’ll be very hard to succeed as a trader if you continue to do this. After working with so many trading students, I’ve noticed that a common reason for this is the fear of losing. If you’re afraid of losing money, I get it. Nobody likes to lose money, and that fear can live rent-free in your head. But if you’re passing on bread-and-butter patterns because you’re afraid of losing, you need to take a step back and examine your mindset going into the trade. Even if you have a solid win rate, the fear of losing can occasionally cause you to second-guess a good setup. And that’ll make your unavoidable losses hurt even more. Bottom line: There’s an easy way to avoid the fear of losing — by trusting your gut. Trusting your gut is easier said than done. But as you gain more experience trading, you’ll build more confidence in your convictions. Or, you can do what I do… I have confidence in the trades I make because they come from my [Spyder Scanner]( . If I see that a ‘smart money’ trader is betting millions of dollars on a particular options contract, I’ll have much more conviction in that trade. Start using the tools at your disposal — like my scanner — and I bet you’ll have more confidence in your trades. But once you’ve identified good trades, executing them to perfection is another hurdle entirely… Fatal Flaw #2: Trades Going from Green to Red If you find a trade going from green to red, you must cut your losses immediately — it’s [Tim Sykes]( #1 rule for a reason. By doing so, you’ll limit your losses to a small amount. (A small loss is always preferable to an account-ruining disaster.) Remember that 90% of traders FAIL… But most of these quitters don’t give up because their capital isn’t growing fast enough … they’re forced to give up because they blow up their accounts. There’s only one surefire way to avoid losing a lot of money — by cutting losses quickly. I’m extremely disciplined about cutting losing trades before I lose more than I’m willing to, which is how I prevent myself from ever taking a massive drawdown. And now, I want to take all of the “guessing games” out of your trading… If you follow my trade alerts, I’ll always give you my risk level, and you’ll see exactly when I’m exiting a losing position. (Although my ‘smart money’ trades have been so consistent recently that I haven’t needed to cut many losses.) Bottom Line: If you get tunnel vision and fail to cut your losses quickly, your trading career will be short and tragic. Fatal Flaw #3: Getting Lucky and Overconfidence There’s an old saying, “It’s better to be lucky than good.” Well, in the stock market, this couldn’t be further from the truth. As strange as this may sound, a lot of newbie traders are hindered by early wins. They get lucky toward the beginning of their trading journey, which breeds overconfidence. The truth is, anyone can have a lucky streak in the stock market. Even the most clueless of newbies can stumble into a concurrent series of big wins … accidentally. With so many trades happening all the time, odds dictate that these scenarios happen more often than you might think. But only a small subset of traders can rise above luck to execute a unique strategy that’s consistent and repeatable. All this to say, if you string a few lucky wins together without a repeatable strategy … don’t get ahead of yourself, thinking you’ve got it all figured out. It’s far more likely that you simply got lucky, which is why it’s crucial to stay humble as a trader. If you don’t, I promise that the market will eventually humble you in a much more financially devastating way. I didn’t win on a small handful of trades, becoming ultra-confident overnight… I’ve applied my ‘smart money’ trading strategy to thousands of different setups and the results speak for themselves. Take a look at my track record from 60 recent trades*: - 56 Wins - 4 Losses - Win Rate = 93.3% - Average Trade Result = 92.95% - Average Gain of Winning Trades = 102.5% I want you to strive towards achieving similar results. * And there’s only one place to start… 💰The Biggest Smart-Money Bets of the Day💰 $10.81 million bullish bet on TSLA 04/19/2024 $240 calls @ $2.53 (seen on 2/7) $4.74 million bullish bet on TSM 04/19/2024 $125 calls @ $6.05 (seen on 2/7) $2.73 million bullish bet on BABA 05/17/2024 $80 calls @ $3.64 (seen on 2/7) Now, if you want even more juicy trade ideaslike these… JOIN MY URGENT LIVE BRIEFING TODAY If you’re not attending my LIVE WEBINARS, you’re missing out on huge trade opportunities every week. Sound familiar? Well, it’s time to STOP MISSING OUT! TODAY, February 8 at 12 p.m. EST … I’m hosting an URGENT live briefing, breaking down the biggest ‘smart money’ bets I’m seeing in the options market this week. I’m excited to see you there — [CLICK HERE TO RESERVE YOUR SPOT NOW!]( Happy trading, Ben Sturgill   66 West Flagler Street STE 900 Miami, Florida 33130 United States [Click Here to Unsubscribe]( *Past performance does not indicate future results **Our gurus teach skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our [Earning Claims Disclosure]( About: Making money trading stocks takes time, dedication, and hard work. My goal is to teach you how I have succeeded in the market, but you may not achieve my results. Remember, there are risks involved with investing, including the potential loss of money. We are strongly committed to protecting your privacy and providing a safe & high-quality online experience for all of our visitors. We understand that you care about how the information you provide to us is used and shared. We have developed a Privacy Policy to inform you of our policies regarding the collection, use, and disclosure of information we receive from users of our website. Our Privacy Policy, along with our Term & Conditions, governs your use of this site. By using our site, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy. If you have provided personal, billing, or other voluntarily provided information, you may access, review, and make changes to it via instructions found on the Website or by replying to this email. To manage your receipt of marketing and non-transactional communications, you may unsubscribe by clicking the “unsubscribe” link located on the bottom of any marketing email. Emails related to the purchase or delivery of orders are provided automatically – Customers are not able to opt out of transactional emails. We will try to accommodate any requests related to the management of Personal Information in a timely manner. However, it is not always possible to completely remove or modify information in our databases (for example, if we have a legal obligation to keep it for certain timeframes, for example). If you have any questions, simply reply to this email or visit our website to view our official policies.