[Trading With Larry Benedict]( The Seven Rules of Trading By Larry Benedict, editor, Trading With Larry Benedict Regular readers know I’ve worked as a trader for over 35 years… I ran a multimillion-dollar hedge fund for decades… and even helped our clients make $95 million during the 2008 financial crisis. And that experience has helped me guide my readers through this year’s turbulence. Through the first three quarters of 2022, the S&P 500 fell around 25%. Yet, I helped subscribers of my options trading service, [The Opportunistic Trader]( return 155% on their cash over that same period. And we’re going to wind up the last quarter of this year in an even better position. Some readers may wonder how we’ve managed to beat the markets… and avoid the carnage many portfolios have seen this year. So this week, I’m going to share some of the insights that have allowed me to profit not only this year… but also during my decades on Wall Street. In simple terms, I have seven rules of trading. Let’s dig in with the first… Recommended Link Top Expert on Seeking Alpha reveals: [The SWAN Retirement Blueprint]( [image]( How to make all the money you need for a comfortable retirement – in any market – with a small portfolio of unique stocks. [Click here for details â including the name and ticker of his #1 stock.](
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Rule No. 1: If you arenât seeing a good trade, donât force one. My first rule of trading is don’t force a trade. There are better ways to spend your time… And unlike a forced trade, they probably won’t lose you money. If you’ve scanned the markets… studied all your usual tickers… and still don’t see a good setup, then step aside and take a breather. For example, I like to take long walks – sometimes over five miles a day. It’s what I do when I don’t see anything tradable in the market. Just like me, you should try to find something to do that takes your mind off the market. Take a long lunch… call a friend or relative… pet your dog… It can be anything – as long as it helps clear your head. This is what will save you from getting into bad, low-conviction trades. [The One Ticker Retirement Plan Over the Shoulder Demo Now Available]( Above all, it’s important to remember that sometimes the right move is no move at all. Not losing money is just as important as making it. And that leads me to my second rule of trading… Rule No. 2: If youâre experiencing personal problems, do not trade. If you’re going through a tough situation, then stay on the sidelines. This one should be obvious, but plenty of folks force themselves to trade even if they’re not in the right headspace. I see it all the time. Throughout my career, I’ve heard career investors tell me they never invest in a trade while going through a divorce or building a house. It’s just too many distractions. If you are having issues, that’s fine. We all do. But you shouldn’t trade through those problems. The market isn’t going anywhere. You should only trade when you can fully implement your process with a clear mind. Have the Right Mindset It might seem counterintuitive that my first two rules of trading involve not trading. But in reality, deciding not to act is just as important as picking the right price or timing an exit perfectly. That’s why these are my first two rules. If you feel like you must make a trade… or if you’re distracted or desperate… then you’re likely to lose out by entering the wrong trade or staying in a trade too long. Neither is a good path to profits. Tomorrow, I’ll continue with the next two rules on my list… So keep an eye on your inbox for that… Regards, Larry Benedict
Editor, Trading With Larry Benedict P.S. If you’d like to learn more about how to join us at The Opportunistic Trader, I’m happy to share the details with you. Simply [go right here]( for all the info. IN CASE YOU MISSED IT… [The Great American Collapse⦠What's Next?]( Is the Great American Collapse Here? Weâve seen America's top stocks crash hard... Is there anywhere truly safe? More importantly, what’s NEXT? Another pandemic? More war? A bigger market crash? Nomi Prins (a former Goldman Sachs managing director) says: “What’s NEXT is NOT a historic crash… it’s NOT inflation… it’s FAR worse… A reshaping of our global financial system has ignited a $40 trillion transfer of wealth from the middle class to the rich… that could forever split the entire nation into two groups… [‘the new rich’]( or [‘the new poor’]( – you will have to make a choice.” [Click here for all the details]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [The Traderâs Guide to Technical Analysis]( [The Ultimate Guide to Taking Back Your Privacy]( [An Insider's Guide to Making a Fortune from Small Tech Stocks]( [The Opportunistic Trader]( The Opportunistic Trader
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