The Seven Rules of Trading: Part Four

[Trading With Larry Benedict]( The Seven Rules of Trading: Part Four By Larry Benedict, editor, Trading With Larry Benedict I spent over 35 years working my way to the top on Wall Street… And I spent several decades running a hedge fund ranked in the top 1% by Barron’s. I learned a lot during all that time... and made a lot of money… but now, I’m in the “giving back” phase of my life. That’s why I left Wall Street to run [The Opportunistic Trader]( advisory services for regular folks. And it’s why I spend so much time trying to share my experience with readers like you… to help make you better traders. So this week, I’ve been sharing my seven top rules for trading… On [Monday]( I began with a couple of rules involving when you shouldn’t trade… On [Tuesday]( I explained the importance of cutting your losses… and having a firm grasp on whatever it is you’re trading… On [Wednesday]( I continued with two of my most critical principles… putting a “P” on the page and earning your risk… And today, we’ll finish with my final rule… Recommended Link Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast: [“Prepare for Five Years of Famine”]( [image]( [Click here for the name of the one ticker you need to protect yourself.]( -- Rule No. 7: The best trades are contrarian trades. The popular trade is rarely the most rewarding one. When the market is heading strongly in one direction, you must be willing to do the uncomfortable, sometimes illogical thing and trade in the other direction. The herd mentality is dangerous. It’s what leads to bubbles… and crashes. The people who get burned most in those trading environments are the ones who pile into the most popular trades. That’s why my money management firm was able to make $95 million in the 2008-2009 financial meltdown – while countless other firms had to shut down. We saw it coming and prepared accordingly. People thought we were nuts, of course. The prevailing narrative was that stocks and real estate would stay strong well into the foreseeable future. And, of course, that’s far from what happened. [The One Ticker Retirement Plan Over the Shoulder Demo Now Available]( It’s how we succeeded again this year during the volatility and whipsaw moves the markets threw at us. From the highs of late 2021 to the lows of this year, we’ve used this principle to profit in each of my trading services. Ultimately, playing the contrarian trade is how you get those big, blowout, once-in-a-lifetime returns. If you’re able to spot the holes in the prevailing investment narrative, you’ll be in position to counter the narrative… and make a killing while everyone else is getting killed. And that’s a trading tactic that we’ll continue to use as we head into 2023, which promises to be another volatile stretch… I hope you’ve enjoyed this series… and I’d love to hear your thoughts and questions on these seven rules of trading. You can write in to feedback@opportunistictrader.com. And as always, thanks for being a reader. Regards, Larry Benedict Editor, Trading With Larry Benedict IN CASE YOU MISSED IT… [1 Chart Reveals Why Many Americans Will Remain Poor 📊]( While most Americans fight to stay afloat The wealthy grow even richer Could this chart explain why? - Just 5% of ordinary folks own[this secretive investment]( - Compared to a whopping 81% of the ultra-rich Yahoo Finance says, “This is where millionaires keep their money.” We’ve discovered a way for ordinary people to stake a claim. [How $50 gets you into the #1 money secret of America’s wealthiest men.]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [The Trader’s 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 55 NE 5th Avenue, Delray Beach, FL 33483 [www.opportunistictrader.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](. The Opportunistic 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: 1-888-208-6550, Mon–Fri, 9am–5pm ET, or email us [here](mailto:feedback@opportunistictrader.com). © 2022 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](