How to Keep Your Emotions in Check While Trading

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! It’s the only daily newsletter featuring the insights of renowned author and former Wall Street insider, Nomi Prins. Every day, Nomi shines a light on a massive wealth transfer she calls The Great Distortion. That’s the true cause of the permanent disconnect she sees between the markets and the real economy. And she shares ways you can come out ahead, if you know where the money is flowing. You’ll find all Nomi’s Inside Wall Street issues [here](. If you have questions or comments, send Nomi a note anytime [here]( or at feedback@rogueeconomics.com. Maria’s Note: Maria Bonaventura here, Rogue Economics’ senior managing editor. This week, we hand over the reins to Market Wizard Larry Benedict, who has a timely warning… Larry issued a warning in February 2020 (right before the market fell 34%). He issued another in January 2022 (right before another 20%-plus drop). And now, he’s issuing his most timely warning yet… It involves a massive market “shock” that’s guaranteed to happen just days from now. According to Larry, the steps you take beforehand could determine whether you end up “in the black” this year… or fall deeper in the red. He’s sharing all the details in an exclusive broadcast on Wednesday, September 7 at 8 p.m. ET. So [click here now to reserve your spot]( and then read on below for Larry’s advice on how to avoid letting your emotions dictate your investing decisions… --------------------------------------------------------------- How to Keep Your Emotions in Check While Trading By Larry Benedict, Editor, The Opportunistic Trader [Larry Benedict] Keep your emotions in check. You’ll find that advice in just about every trading book you read. However, it’s much easier said than done. Emotions flow through us no matter what we’re doing, especially when it comes to the markets… Compare the euphoric high of riding a winner… to the crushing low of taking a losing trade. For some, the swings between the highs and lows are enough for them to swear off trading forever. The truth is, it’s almost impossible to take emotions out of trading completely. So instead of trying to turn yourself into a robot, you need to find a better way to manage those emotions. And that all boils down to how you approach your trading in the first place… Recommended Link [Sell every Stock except ONE]( [image]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month… [Ticker Revealed.]( -- Choose Your Risk Management Emotions can get the best of you if you’re trading more than you can afford to lose. For example, say you had $10,000 in your trading account and you decide you’ll go all in on one trade. Of course you’re going to be nervous! There’s a big chance you’re going to blow up your entire account with just one trade. Compare that to another trader with the same account size who risks no more than $200–$300 on any single trade. [Featured: The diversification method is crushing people.]( It’s going to take an incredible string of losses for the second trader to lose just a fraction of their account. That’s hardly enough for them to worry about. That’s why establishing clear risk management rules before you place your first trade is going to take a lot of the emotion out of your trading strategy. You need to know exactly how much capital you’re prepared to risk on any trade – and stick to it. Recommended Link [The One Ticker Retirement Plan]( Over the Shoulder Demo Now Available [image]( Market Wizard Larry Benedict crushed the market in 2022. But he hasn’t done it with a “traditional” method… For a limited time, he’s sharing a free over-the-shoulder “demo” of his strategy in action. It takes less than 10 seconds… [Watch it here.]( -- Set Realistic Goals Another equally important factor is setting realistic goals. This goes hand in hand with risk management. Too often, new traders come into the markets and set their goals too high. So they let their emotions (mostly greed) get the best of them and chase every move… hoping for a big winner. Inevitably, each trade then becomes a roller coaster ride. Before they know it, they’ve gone through all their funds and are out of the game. And even if they want to start trading again later on, those big losses will leave emotional scars. Instead, I’ve learned from decades in the market that you need to do the opposite. Get into the habit of taking lots of little profits as often as you can. Not only does it build your account size (and confidence), but it also helps keep your emotions in check. [Featured: My exclusive trading method could make all your financial worries go away - Jeff Clark]( For example, if you aim to make a $200 profit per trade, then you’re just not going to get as emotional as you would betting your whole $10,000 account on a single trade. But soon all those $200 profits start to add up – giving your account size a real boost. Then, when you aim to increase your profit target to $300 or $500 per trade, it’ll be less of a big deal. You’ve already trained yourself into taking profits off the table regularly. Now you can put your efforts into constantly refining and improving your trading strategy, rather than tying yourself up in knots with each trade. Recommended Link [$150 Trillion | Transformation of US | Bezos/Musk]( [image]( This is troubling. Have you heard of COP26? Almost nobody has. Amid the distractions caused by lingering health issues, conflicts overseas, shortages, and inflation… Treasury Secretary Janet Yellen recently took the stage at COP26 in Glasgow, Scotland to address some of the world’s most powerful people. From the stage, Yellen called for world leaders to commit to a $150 trillion ‘global transition’ of our economy. Since then, Bank of America has signed the accord, along with 131 countries, 234 cities, and 695 of the world’s biggest companies. Jeff Bezos and Elon Musk have invested in this ‘transformation’ as well. What is it that Yellen, Biden, Trudeau, Bezos and Musk are pushing for? And what does it mean for your money? Investigative journalist and renowned economist, Nomi Prins has followed the money… And what she’s found is startling. [Go here to see how this ‘transformation’ will play out – and what it means for your money.]( -- I’m Helping You Prepare As we’ve seen this year, moments of high volatility can also send us – and the markets – spinning between exuberance and fear. That’s why I work hard to help traders cut through the noise. Much of what we hear is hype… but the few times we’ve needed to be wary, I’ve given my readers notice. Most recently, at the beginning of this year, I warned that the major indexes would go negative. I knew inflation would be rearing its head and cause the markets to fall. Before that, I helped my subscribers avoid the worst of the pain during the March 2020 crash. We even managed a triple-digit profit! And it was the same story during 2000 and 2008. My hedge fund benefited as I steered us through those crises. That’s what I aim to do today… If you think you’ve seen panic this year… just wait. Because in just days, there will be a market shock that could create even more volatility than we’ve seen so far this year. I believe as much as [$1 trillion could shift hands]( during this shock. If we keep our emotions in check, though – and use the next few days to prepare – this market event could deliver some of the biggest bear market gains yet. That’s why I’m hosting an urgent briefing this coming [Wednesday, September 7 at 8 p.m. ET](. There, I’ll explain how to get in position right away… and the single ticker we can use to profit. So if you haven’t already, [please sign up to attend this briefing right here](. I don’t want any of my readers to miss out. Regards, Larry Benedict Editor, The Opportunistic Trader --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). --------------------------------------------------------------- MAILBAG In last week’s Inside Wall Street, [Nomi wrote about the cause of spiraling energy costs]( but a few readers have another culprit in mind. Great article today but Nomi leaves out the U.S. Administrative State's war on oil drilling refining, financing, etc. that started early last year. Prices had already started going up dramatically last summer! – Cynthia S. The current Biden administration is solely responsible for the spiraling fuel cost. By attacking and shutting down U.S. oil and gas production he has hurt the entire free world economy. – Gerald G. And one reader particularly enjoyed [Nomi’s video update from August 29]( Your August 29 video was very comforting. It is so nice to have you on the team. Take care and God bless you and your family. – Mike R. What strategies do you employ to keep your emotions in check when trading? Will you tune in to Larry’s exclusive broadcast tomorrow night, Wednesday? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: How to Keep Your Emotions in Check While Trading). IN CASE YOU MISSED IT… [Instant money? Challenge accepted!]( True story. Florida man swears he can find hidden money around the city… Comes back in a couple of hours – with over $1,400 in his pocket! [Click here to watch how he does it!]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. 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