Turning Weakness Into Strength

How to Identify (and Overcome) the ‘Achilles Heel’ of Your Trading [Image] Turning Weakness Into Strength: How to Identify (and Overcome) the ‘Achilles Heel’ of Your Trading Trading is hard. But if you’re struggling to make consistent profits in this market, don’t give up now… I've trained a lot of traders throughout my 25-year career and I've seen people throw in the towel and quit right before they're about to make a major breakthrough. It's usually like a little trigger — an ‘a-ha moment,’ if you will… It's a switch that goes off in your brain, turning your mediocre trading into a consistently winning strategy. For a lot of you, this comes down to identifying one or two ‘Achilles heels’ that you need to be aware of… Are there any golfers out there? I love to golf and I’m always trying to improve my game… Years ago, I met a pro golfer who gave me one simple tip to help me not slice the ball. And today, I’ll show you how to stop ‘slicing the ball’ in your trading. If you have one negative aspect of your trading that's tripping you up… Keep reading and I’ll show you how to start correcting it on Monday… My ‘Achilles Heel’ (and How I Overcame It) No one comes to the stock market fully formed, crushing every trade on the first day. No trader is perfect. In fact, the vast majority of traders have some sort of ‘Achilles heel,’ preventing them from reaching their ultimate potential. My Achilles heel? Sometimes, I get overconfident and oversize my trades… I want to sit at the ‘biggest boy’ table at the casino … all night, during every game. In the past, this tendency had led to some dangerous, risky scenarios in my trading. But here’s what helped me… After 25 years of professional trading (and constant self-evaluation), I know myself. Having a keen self-awareness of my strengths and weaknesses allows me to pick and choose my setups based on exactly that. I used to let my overconfidence get the best of me. But now, I have the experience to avoid most of these situations entirely. The key is to know thyself… 3 Common ‘Achilles Heels’ for Options Traders I can’t tell you what your ‘Achilles heel’ is. You know yourself better than me. But I can show you some common pitfalls options traders face (and how you can potentially overcome them). Let’s break them down… Entering Trades Without a Game Plan Just like a road trip needs a map, options trading requires a comprehensive game plan. It's crucial to set your price target and risk level, as well as to know when to enter and exit a trade. Let me explain… You should never buy contracts without carefully considering your entry point, but I see many inexperienced traders make this mistake. They’ll get trigger-happy and buy contracts immediately, then realize they could’ve purchased at a lower price had they just been a little more patient. Then, how you exit trades is arguably even more important than how you enter them… After all, exits are where you make (or break) the bank. - Always have a price target where you plan to exit. - If you’re worried about your timing, or being able to pay attention to the market for the entire trading day, don’t hesitate to set a limit sell order. - If you’re up 100% on an options trade, you should probably just sell the entire position. But if you see more upside on the chart, you can sell half of your position to make the remainder of the trade risk-free. From there, you’re ‘playing with house money.’ This can make the second half of the trade — and your ultimate exit — much less stressful. Back to golf… Without planning your trades, your chances of success in the market are as slim as trying to sink a hole-in-one with a blindfold on. Revenge Trading If you find yourself engaging in impulsive and high-risk trades immediately after experiencing a loss … you’re revenge trading. Instead of carefully analyzing market conditions and making well-informed decisions, revenge traders allow their emotions to dictate their actions. They’re driven by a desire to recoup their losses quickly, often without a solid strategy or proper risk management in place. One of the primary reasons revenge trading is so problematic is that it goes against the fundamental principles of successful trading. Trading should be approached with a calm and rational mindset, backed by diligent research and analysis. However, revenge trading throws all caution to the wind, leading to impulsive and reckless decisions… Avoid it at all costs! Chasing the Lottery Ticket Buying cheap, out-of-the-money options in hopes of striking it rich is like buying Powerball tickets — it's an enormous long shot. But I get the allure… Sometimes, traders can’t help but look at the ‘max profit’ on a trade and think they’re instantly gonna bank it. The possibility of hitting it big can be tantalizing, but the reality is that these contracts usually expire worthless. And if you continually go for these types of trades, you’re far more likely to lose all of your money than make 1000% overnight. This is why It's wiser to make more calculated trades than to rely on the outside chance of a big payout. In other words, you should simply try to get on the fairway as opposed to hitting a hole-in-one. Now, before we go… IMPORTANT ANNOUNCEMENT: If you hadn’t noticed, the market was absolutely surging yesterday following the Fed’s decision to hold interest rates steady… But make no mistake — the biggest trade is right around the corner… [Find out what it could be by clicking right here]( And, as always… Stay Street Smart, Jeff Zananiri   66 West Flagler Street STE 900 Miami, Florida 33130 United States [Facebook]( [Twitter]( [Instagram]( [YouTube]( [Click Here to Unsubscribe]( **Our gurus teach skills others have used to make money. 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