The Only Trading Principle That Guarantees Success

[Trading With Larry Benedict]( Larry’s Note: This past Wednesday, I held my urgent briefing on a market shock that’s just around the corner. This is an engineered event that’s guaranteed to happen next week. And it will send volatility sky-high… Most people are completely unaware of this. But Wall Street knows exactly how to profit from this kind of situation. And using my decades of experience on the Street, I want to help my readers do the same – using a single ticker that I shared on Wednesday night. If you couldn’t watch then, please don’t wait. We only have a few more days to get into position for this shock. [Go right here to watch](. And then read on for one of the most important principles I’ve learned over my trading career… The Only Trading Principle That Guarantees Success By Larry Benedict, editor, Trading With Larry Benedict 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. [Chart]( 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… Recommended Link [How to get “in the black” for the whole year – starting mid-September]( [image]( For a limited time, Market Wizard Larry Benedict is revealing: - A massive “shock” that’s headed for the market’s largest exchanges - Why it’s guaranteed to hit on a certain day in mid-September - How you could use it to potentially make up for the gains you’ve lost out on this year – in as little as 24 hours – using a single ticker [Details here.]( -- 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. 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. [Holy Cow, Only $19!]( 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 on 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 No. 1 pitfall new traders tend to fall into. 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. [Image] 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 different. 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. Free Trading Resources Have you checked out Larry's free trading resources on his website? It contains a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. 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. Each time I chewed through all of my own capital, I learned something. 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. So, 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, Trading With Larry Benedict P.S. Remember, it’s rare for someone to start trading and see success immediately. It can take years of persistent study and practice. But there’s an event coming up that could jumpstart your trading portfolio… As I shared on Wednesday night, an engineered market event is coming up next week… And it will generate a wave of high volatility that’s going to catch most people off-guard… The good news is, if you know how to trade it, this one event could put your trading account “in the black” for the entire year. And I’m going to help my readers play it with one specific ticker… There’s only a couple days left to get prepared, though. So if you weren’t able to tune in on Wednesday, please [take the opportunity to watch the replay of my urgent briefing right now](. IN CASE YOU MISSED IT… [Biden: “Liberal World Order” Coming?]( Today we’re fortunate enough to sit down and interview former Goldman Sachs managing director, best-selling author, and Federal Reserve expert – Nomi Prins. Today, she’s going public to reveal what’s really happening in America. (The hidden story, beyond: inflation, rent increases, gas, groceries, political division, or a pandemic) - Revealing why President Biden is saying a “Liberal World Order” is coming - Or why the elites gathered in Davos to say… “You Will Own Nothing and Be Happy” - Or why Ray Dalio, one of the world’s richest men, says “No Empire Lasts Forever” But Nomi says this all narrows down to: [“An unprecedented financial SHOCK coming to America.”]( The exact reason the financial elite continue to get richer grabbing more power… all while everyday folks struggle to live their daily lives. [Click Here For The FULL Story.]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. 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