A lesson from my biggest trading loss

And how you can do better... Good Morning! Friday was an ugly day for the markets after numbers revealed [inflation accelerated in May](. But while a lot of traders whined and moaned about [the market crash]( there were plenty of runners in penny stock land… And the best part is, that the moves were [predictable before the market even opened](. But while I liked a lot of tickers on Friday, I didn’t like any of them in the morning... When markets get spooked, it’s not the time to jump in random trades. You want to let traders’ emotions play out, and let the charts set up ... You want to see where you have the advantage… Because if you hunt for a trade for the sake of trading, it can be one of the worst things you do to your account. I know that from personal experience… So today, learn from my 15 years of experience and discover what not to do on a day like Friday. And what to do instead… [Learn how my years of experience can help you daily here]( What Not to Do on Ugly Market Days I remember it like it was yesterday… It was years ago on a market day much like Friday. The sun was shining and I was sitting at my desk looking out the window… It was too early to leave for the day but there was nothing going on. So I started jumping through tickers on my screen and there wasn’t much going on there either… Then I came across a [triple-leveraged ETF]( that was making moves. I thought this looks like a good trade. Boy, was I wrong… I took the biggest loss of my career that day. And that’s something you never forget… So when the markets look like they did on Friday morning, it’s not the time to buy bearish ETFs or any other random ticker that’s making moves. What to Do Instead… When the market makes chaotic moves, penny stocks still offer great opportunities… You just have to wait for textbook setups. In my Friday morning [SteadyTrade Team]( webinar, I really liked Redbox Entertainment Inc. (NASDAQ: [RDBX]( when it was gapping up. I told [SteadyTrade Team members]( it was a watch for a [short squeeze](. But I didn’t like it at 9:30 a.m. — or even at 9:45 a.m… I wanted to watch it for mid-morning to late-day moves. And that’s exactly what happened with RDBX, you didn’t have to rush in at the open… RDBX chart: 1-day, 2-minute candle — courtesy of [StocksToTrade.com]( When it broke through the high of the day, it continued to spike and break out. [Learn how to trade breakouts here](. AeroClean Technologies, Inc. (NASDAQ: [AERC]( was another afternoon mover on Friday. (It was also on my Friday squeeze watchlist sent right to your inbox.) It had a [VWAP-hold high-of-day break]( around 1 p.m. Eastern and had a $1 per share move! AERC chart: 1-day, 2-minute candle — courtesy of [StocksToTrade.com]( Again, waiting for mid-morning and afternoon moves were the better trades. But I know patience can be tough when you’re new… You’re excited to trade and start learning the ropes. But the best thing you can do for your trading is to learn [how to control your emotions](. Take a lesson from the biggest loss in my career and avoid trading out of boredom. [FOMO]( and revenge trading are other common emotions that can trip you up. So before you take any trade, think about whether you’re trading based on emotion, or if it’s a trade that can help you get closer to your goals... Is there a setup and pattern? What’s your plan and what are the odds for your trade? In the [SteadyTrade Team]( we look for the most obvious setups in the tickers that everyone’s watching. Then we want to trade off key levels and other traders’ emotions... But you can’t do that if you’re too wrapped up in your own. So keep a clear head today... If you’ve studied [the patterns here]( you’ll know a trade when you see it. Have a great Money Monday, everyone. See you back here tomorrow. Tim Bohen Lead Trainer, StocksToTrade sponsored   [Reduce your stock trading learning curve…]( Join experienced traders Tim Bohen and Bryce Tuohey every day for live strategy webinars and trade ideas as they help you learn to navigate the stock market. [Apply for the SteadyTrade Team today.]( sponsored   [Why can’t veteran trader Tim Bohen stop laughing?]( He says he’s just identified the ultimate revenge trade… And can’t wait to hear from the haters. In 2020, people who doubted him missed out on the opportunity to make EIGHT TIMES their money. [Click here to see why he’s having the last laugh.]( Recommended Membership Gifts   ACCESS NOW: Click to activate these complimentary membership gifts and receive daily market intel. [To The Moon Report Weekly Stock & Crypto Watchlist]( [Stock Market Safety Course By Millionaire Trader Tim Sykes](   [Facebook]( [Twitter]( [Instagram]( [YouTube]( [Spotify]( [Click Here to Unsubscribe]( (As an Amazon Associate, we earn from qualifying purchases.) 13809 Research Boulevard, Suite 500, Austin, TX 78750 *Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose. This is for informational purposes only as StocksToTrade is not registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. StocksToTrade cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. StocksToTrade in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, StocksToTrade accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns. Copyright © StocksToTrade.com