If You Needed a Reason to Never Own a Stock Again, Here It Is

You are receiving this e-mail at {EMAIL}, as part of your subscription to This Is VWAP. To remove your email from this list: [unsubscribe here]( [This is VWAP Header]( [ARCHIVES]( TO VWAP?]( LIVE]( [Youtube]( [Twitter]( [Instagram]( [Discord]( [Tiktok]( [News from Kenny Glick] [Only 38 cents to Get In]( The top AI trade of 2023 [See why here:]( If You Needed a Reason to Never Own a Stock Again, Here It Is Wednesday, February 15, 2023 CRDO’s action overnight reiterated to me an important lesson… Never, ever buy and hold stocks. If you weren’t aware, I was bullish on CRDO. Everyone was. The stock couldn’t go down! I said. I’ve never seen a stock break all-time highs at $20.00 and not go higher! I said. And look what happened… After the closing bell yesterday, the stock fell 50% in just over an hour on news that its one investor was pulling out. You want to talk about blowing up an account? If you were holding stock overnight, that’s how you could have done it. But Kenny I thought you said the stock was going to go to $40? I did. But you wouldn’t catch me ever holding the stock overnight. The only thing I was doing on this stock was an options trade out to March. But with that, I defined my risk ahead of time. I lost $800, and I knew ahead of time exactly how much I could lose. If I held this stock overnight and traded like I normally do, buying 1000 shares or so… That’s a $9,000 loss. What if it went to zero? That would be a $19,000 loss. You get in, you have your fun during the day, and you get out when it comes to stocks. And you absolutely must define your risk on every trade you make. Options allow you to define your risk because if you buy a call or put, your risk-reward ratio is capped at however much money you put into it. What if you sold naked puts on CRDO at $20 where would you be this morning? Ten contracts put you in the exact same spot as the guy who held 1000 shares overnight. The only difference is you got a little bit of premium up front. You’d still have to buy CRDO at $20 when who knows if it’ll keep going down. Don’t ever get fooled again. If you’re going to be a bagholder, buy something that can’t go to zero like QQQ or SPY. But that’s what you do as an investor. You buy it and you don’t touch it for 20 years. We aren’t investors. We’re traders. You get in, make your money, and get out before the closing bell. Because if you don’t, this will happen to you one day. And it’ll blow up your account. Kenny Glick [Getting Started with Basics] [VWAP Dashboard 101]( Knowledge is power! Get a jump on the basics or a refresher to refine your trading chops with our comprensive look at the pillars of the VWAP trading strategy. - [What is VWAP]( - [Multiday VWAP]( - [Earnings]( - [Shorting]( - [Chart Setups](   [Ad]( You are receiving this e-mail at {EMAIL}, as part of your subscription to This Is VWAP. To remove your email from this list: [unsubscribe here](. Please do not reply to this email as this address is not monitored. To cancel, or for any other questions or requests, please contact our Customer Service team: Online: [Customer Service Form]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: This Is VWAP | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday - Friday between 9:00 AM and 5:00 PM ET. © 2023 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore, MD 21201. [Website]( | [Privacy Policy]( | [Terms & Conditions](