A Simple Habit To Acquire As A Trader

[CLICK HERE JOIN OUR LIVE TRADING & TRAINING SESSIONS]( Hello investor, A Simple Habit To Acquire As A Trader For today’s bulletin, I am going to share a simple habit that I believe is the most important for a retail trader to raise him/herself from an amateur to an elite trader. Before I tell you this habit, I will describe the power of improving your skills by just one percent per week. Listen, top traders focus on making good trades. Not making big money. The reason is simple – money will follow if you improve your skills. What if you improved your skills by 1% per week? By the end of the year, your trading skills would be 667% better! That’s the problem with most traders. They want overnight success. So, they try to develop 9 skills at the same time. As a result, no skills get improved. The better method would be to focus on small improvements. I am sure you can do little things that improve yourself by 1% this week, right? Do this weekly, and your skills can grow ten-fold or more in two years or less. What is the best way to improve your skills? Develop the habit of maintaining a trading journal. Before you make a trade, write down all of the reasons behind your trade. What do you think will happen? Why? What could be the worst-case scenario? Your stop-loss and exit target. And everything else that you feel is important to write down. Then complete the “after” journal when you exit a position. Did things happen the way you expected? What went wrong? What did you miss? How can you avoid missing these things in the future? This single habit will accelerate your trading skill like nothing else.  Top Beaten-Down Tech Stock To Buy Right Now Today’s Stock Pick: Okta, Inc. ([OKTA]() Here is one of the most underrated quotes by Warren Buffett: - "The best thing that happens to us is when a great company gets into temporary trouble, we want to buy them when they're on the operating table," said Buffett. Indeed, you have an opportunity to buy one of the hottest software stocks on the “operating table.” Okta, an identity and access management company, made products and services that ensure employees are “who they are” and prevent hackers from accessing critical data in the cloud. So, trust is everything in this business. Unfortunately, a hacker group named LAPSUS$ broke into Okta and published screenshots of an internal access to Okta’s platform on March 22, 2022. Customers were shocked. Okta was supposed to prevent this from happening! And to make the matter worse, the actual breach happened two months earlier on Jan. 20. Okta didn’t disclose this hack as soon as it detected it in Jan, attracting sharp criticisms from security experts and executives. Tenable CEO Amit Yoran was one of them, writing on LinkedIn: - "This compromise should have been disclosed when Okta detected it in January or after a competent and timely forensic analysis,” said Yoran. Okta said around 2.5% of its customers have potentially had their data viewed. However, the hackers were limited to viewing data and triggering a password reset for users but couldn’t log into the service. No matter what. The stock nosedived by 17% from March 22 to March 25. Little impact on the revenue: Despite the P.R. nightmare, Okta CEO Todd McKinnon said the hacking fiasco had little impact on its second-quarter results. He said that the customers have regained their confidence in the company after new security upgrades: - "We spend less time discussing the details of the incident with customers and prospects with each passing month. In fact, many customers have expressed their increased confidence in Okta after we implemented a series of additional security measures as part of our security action plan." Okta’s dollar-based net retention rate (DBNRR) came in at above 120%, indicating that customers are still loyal to Okta: (Source: Okta) Second problem: It merged with Auth0 which was a leader in customer identity and access management (CIAM). Okta focused on the workplace identity solutions while Auth0 focused on the consumer side. As a result, this merger could turn Okta into the dominant leader in the identity and access management industry. Management boasted long-term growth projections for the combined company of $4 billion in revenue by the fiscal year 2025. The result was not a smooth sailing, as the merger had a rocky start. Integrating both companies’ sales teams were complicated. Each team targeted a different group of people. Okta targeted C-level executives like Chief Information Officer and Chief Security Officer. However, Auth0 salespeople dealt with developer teams within a company. This complication caused management to admit that it may not be able to meet its $4 billion guidance. The ultimate result of two missteps: The stock plummeted by 76% off its all-time high in 2021. Can you imagine?! The stock is now trading at the level of 2019. And this presents a buying opportunity. Powerful revenue growth: Okta’s recent earnings report showed a strong momentum. Revenue grew 43%, beating estimates, and it raised its guidance. (Source: Okta) Massive TAM: Okta operates in an $80 billion addressable market, while the company projects to earn less than $2 billion in revenue this year. This implies a HUGE growth potential. The company will not need to require a new S-curve to maintain its growth pace. All it has to do is to continue growing in its current market. (Source: Okta) Bottom line: You have a chance to buy Okta when the stock is severely beaten up. With its massive TAM that it hasn’t fully penetrate, the stock looks like a long-term winner. Buy this while the price is cheap.   [CLICK HERE JOIN OUR LIVE TRADING & TRAINING SESSIONS](     © All Rights Reserved, Trade Alliance If you no longer want to receive these messages, you may [click here]( to unsubscribe.