[Image] No Excuses! Hereâs whatâs going on in the world of smart money today! In todayâs Dark Money Trades rundown: - ð± Breaking down 3 classic trading excuses (and explaining how to avoid them)
- ð° 2 interesting smart money bets from this morning
- ð« Benâs Bullets â 3 big ideas for the market this week ð Dark Money Lesson: 3 Common Trading Excuses (and Why You Shouldnât Believe Them)ð¾ The Money Excuse âI donât have enough money to trade effectively. If I had more capital to risk, I would be a better trader.â Let me tell you, this is nonsense⦠In fact, starting your trading journey with millions of dollars would probably end in disaster. First, youâd 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 doesnât). By consistently stacking small wins, one after another, youâll build your account up naturally. (This is yet another reason why I advocate for trading optionsâthey allow for maximum leverage on a small amount of capital.) The Time Excuse âI donât have enough time to trade. If I had more free time, I would dedicate myself to learning how to trade.â 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, theyâll 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 didnât get here by being lazy and watching Netflix. When Iâm not actively hosting a webinar, writing one of these blog posts, or actively trading the markets â Iâm studying hard and looking for ways to improve my performance. If you examine how you spend your days, youâll probably find thereâs 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 âI donât know enough about the stock market to trade.â 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 tradingâI 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 donât understand the markets enough to trade yet, donât 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, itâs time to get to⦠ð°The Biggest Smart-Money Bets of the Weekð° ð´ $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 âsmart moneyâ 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. ð´ $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% YTDâthereâs a lot of potential downside left on the chart. Thatâs why Iâm paying close attention to the December 8 $455 puts. ð« Benâs Bullets for the Week 3 interesting ideas Iâm 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 Sykesâ brand-new AI trading algorithmâXGPTâis crushing the markets! Donât miss out ⦠Secure your seat NOW for the EXCLUSIVE LIVE TRAINING SESSION by [CLICKING RIGHT HERE!]( 66 West Flagler Street STE 900 Miami, Florida 33130 United States [Click Here to Unsubscribe]( **Our gurus teach skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our [Earning Claims Disclosure]( About: Making money trading stocks takes time, dedication, and hard work. My goal is to teach you how I have succeeded in the market, but you may not achieve my results. Remember, there are risks involved with investing, including the potential loss of money. We are strongly committed to protecting your privacy and providing a safe & high-quality online experience for all of our visitors. We understand that you care about how the information you provide to us is used and shared. We have developed a Privacy Policy to inform you of our policies regarding the collection, use, and disclosure of information we receive from users of our website. Our Privacy Policy, along with our Term & Conditions, governs your use of this site. By using our site, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy. If you have provided personal, billing, or other voluntarily provided information, you may access, review, and make changes to it via instructions found on the Website or by replying to this email. To manage your receipt of marketing and non-transactional communications, you may unsubscribe by clicking the âunsubscribeâ link located on the bottom of any marketing email. Emails related to the purchase or delivery of orders are provided automatically â Customers are not able to opt out of transactional emails. We will try to accommodate any requests related to the management of Personal Information in a timely manner. However, it is not always possible to completely remove or modify information in our databases (for example, if we have a legal obligation to keep it for certain timeframes, for example). If you have any questions, simply reply to this email or visit our website to view our official policies.