Everybody loves a good “get rich quick” story about the stock market, but more often than not the story ends with an account in the red and a new trader struggling to figure out where it all went wrong.
As 2020 continues to refuse to hold back any punches, I’ve noticed a flood of new traders entering the stock market with zero idea how to keep making money once they start. And when things begin to not go their way, traders do the one thing that ultimately destroys their portfolios — lose patience.
Why is patience important while trading? Well, without it, traders seem to fall victim to this profit-stealing one-two punch…
I’ve seen more and more of this lately as impatient new traders scramble to make ends meet in time for the holiday season… so today I want to review a classic video I made that covers the best strategy for staying patient. I promise, it will make getting money feel easy again.
P.S. What if you knew — with up to 95% accuracy — the exact price point a stock was going to hit?