Here’s Why I Always Take the Cash

Imagine you’re a contestant on the game show “Let’s Make a Deal.” [Jeff Clark's Market Minute]( Here’s Why I Always Take the Cash By Jeff Clark, editor, Market Minute Imagine you’re a contestant on the game show “Let’s Make a Deal.” Monty Hall pulls you out of the audience. He waves $2,000 in your face and says, “This is your money. You can take it and keep it right now, or you can trade it for what’s behind the curtain.” Of course, you know from a lifetime of watching daytime television that there’s a 50% chance that what’s behind the curtain is an all-expenses-paid trip to Mazatlán – valued at $5,000 – and a 50% chance that it’s something virtually worthless. What do you do? Recommended Link [This is bad news for Biden…]( [image]( “Bill Clinton is back. And he just met in Mexico with the one person I believe could REPLACE Joe Biden by August… To become the next President of the United States. (And, no, it’s NOT Hillary.) When you see who, you’ll be terrified… Because if I’m right about the election outcome… What I’m predicting is coming right AFTER will downright terrify you. I’m recommending every American make urgent moves with their money right now.” – Louis Navellier [Click here now for my urgent election forecast.]( -- I’m Taking the Cash If it’s me… I’m taking the cash. I’m thinking, “I came here with nothing. There’s a 100% chance I’ll leave here better off if I take the money. There’s only a 50% chance I’ll leave here happy if I take what’s behind the curtain. Either way… my life isn’t going to change dramatically. So, I’ll take the $2,000 and be happy no matter what.” Here’s another line of thought… “I came here with nothing. The worst case is I’ll leave here with nothing. But there’s a 50% chance to increase the return on my prize by 150%. The odds justify that trade. So, I’ll pick what’s behind the curtain.” Here’s the thing… there’s nothing wrong with either decision. All that matters is how you view the consequences of the trade. Let me explain… I’m going to be happy if I get a $2,000 windfall profit. I might be slightly more ecstatic if I win a trip valued at $5,000. But I’ll feel like an idiot if I give up the $2,000 and go home with something worthless. So, I’ll pass on “ecstatic.” I’ll take “happy.” Not everyone thinks that way – which is why we love watching game shows. Let’s apply this thought process to the stock market… I’d Always Rather Be Happy Every time I close a trade, in the back of my mind, a little voice asks, “What happens if it moves even higher?” This is the equivalent of Monty Hall asking if I want to keep the $2,000 or trade it for what’s behind the curtain. I know for sure that I’m happy if I close the trade right now. I don’t know if I’ll be happier or feel like an idiot later. So, I almost always choose to err on the side of happiness. Now… if this is your only time on a game show… if it’s your only chance to make a trade in front of Monty Hall, it’s understandable if you choose what’s behind the curtain. After all, it’s your only shot to maximize your gains. I get it. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. The Secret to Longevity But the stock market isn’t a game show. We have trading opportunities almost every single day. The secret to longevity as a trader is to consistently take the money when it’s flashed in front of you. In today’s environment, it might be time to settle on “happy” over “ecstatic.” You might feel a tinge of disappointment if a trip to Mazatlán is behind the curtain. But you’re still heading home with more money than you had before. Be happy. At least you’re not going home with nothing. Best regards and good trading, [Signature] Jeff Clark [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-752-0820, Mon–Fri, 9am–7pm ET, or email us [here](mailto:contactus@jeffclarktrader.com). © 2024 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](