🤥 Debunking 3 Bogus Trading Excuses: Don’t Fall Victim To These Myths! 🙅‍♂️

[Image] No Excuses! Here’s what’s going on in the world of smart money today! In today’s Dark Money Trades rundown: - 😱 Breaking down 3 classic trading excuses (and explaining how to avoid them) - 💰 2 interesting smart money bets from this morning - 🔫 Ben’s Bullets – 3 big ideas for the market this week 🚀 Dark Money Lesson: 3 Common Trading Excuses (and Why You Shouldn’t Believe Them)🎾 The Money Excuse “I don’t have enough money to trade effectively. If I had more capital to risk, I would be a better trader.” Let me tell you, this is nonsense… In fact, starting your trading journey with millions of dollars would probably end in disaster. First, you’d have too much capital available to risk before developing a reliable strategy that works for you. Second, you need to develop a system of risk tolerance before putting serious money into the markets. How much should you bet on each trade? What kind of contracts are you most comfortable trading? These questions will answer themselves over time as you discover what works for you (and what doesn’t). By consistently stacking small wins, one after another, you’ll build your account up naturally. (This is yet another reason why I advocate for trading options—they allow for maximum leverage on a small amount of capital.) The Time Excuse “I don’t have enough time to trade. If I had more free time, I would dedicate myself to learning how to trade.” This excuse never really made sense to me… You see, the same people who will complain about not having the time to learn how to trade will spend years earning a degree that gets them nowhere. Or worse, they’ll sit around eating potato chips and playing video games all day. This leads me to another tough pill you need to swallow… To be a winning trader, you have to make sacrifices. And one of those major sacrifices is time. Take it from me… I work all day every day. Granted, I love what I do, but I didn’t get here by being lazy and watching Netflix. When I’m not actively hosting a webinar, writing one of these blog posts, or actively trading the markets — I’m studying hard and looking for ways to improve my performance. If you examine how you spend your days, you’ll probably find there’s some mind-numbing waste of time you engage in regularly that could easily be replaced with studying (which could help you avoid the next common excuse)... The Knowledge Excuse “I don’t know enough about the stock market to trade.” Some misguided newbies think you need to have the business acumen of Warren Buffett to be a decent trader. But again, this is a fallacy… Take it from me. When I first started trading—I knew practically nothing about the stock market. That said, my background as a Divison I college basketball player gives me a passion and dedication to my craft that few others can match. If you don’t understand the markets enough to trade yet, don’t use that as an excuse to avoid the game altogether. Nobody is born with prodigal stock market knowledge. Long-term success in trading means slowly acquiring knowledge over time, not coming to the market fully formed. But now, it’s time to get to… 💰The Biggest Smart-Money Bets of the Week💰 🔴 $4.37 million bullish bet on TSLA DECEMBER 8 $250 calls @ $1.45 average (seen on 12/6) Tesla Inc. (NASDAQ: TSLA) has been showing strength recently, up more than 10% in the past month, and the ‘smart money’ is betting that the upside continues into the end of this week. Yesterday, my scanner caught three massive orders for TSLA $250 calls expiring this Friday, December 8. These sweeps totaled $4.37 million in premium bet on TSLA. This is notable because of the sheer size of the sweeps with the contracts only having one day to make the move. 🔴 $870k bearish bet on NVDA DECEMBER 8 $455 puts @ $3.70 (seen on 12/6) In contrast to TSLA, Nvidia Corporation (NASDAQ: NVDA) has entered a downtrend after reaching a near-term top of $504 on Monday, November 20. The stock has lost more than 4% in the past five days. However, considering that NVDA has been the hottest stock in the entire market this year, still up more than 220% YTD—there’s a lot of potential downside left on the chart. That’s why I’m paying close attention to the December 8 $455 puts. 🔫 Ben’s Bullets for the Week 3 interesting ideas I’m keeping an eye on in the market this week: - AAPL DEC 8 $195 calls - HOOD DEC 8 $11.50 calls - DKNG DEC 8 $36 puts Happy trading, Ben Sturgill P.S. Discovery how Tim Sykes’ brand-new AI trading algorithm—XGPT—is crushing the markets! 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