Right now there are plenty of horror stories of account blow-ups and margin calls as HODLers give back all their gains from the last two years…
I feel for them.
But you can’t say it wasn’t avoidable…
Greed and stubbornness will get you every time.
If you want to make money in the market, you can’t let your biases get in the way.
You have to react to what’s happening in the market, keep up with information, and make decisions based on what you see.
On Friday, I was in one of those positions myself.
I had an opinion about a stock. But when I saw new information, I had to change my tune pretty quickly.
Luckily for me and my subscribers, I made the right decision. And it created a glorious trading opportunity…
Why Biases Kill Opportunities
In fact, I gave it a three out of 10…
I thought there were too many bag holders stuck in this thing from its initial run in April.
I specifically said, “What you need for VERU to run is you need all these long-term holders to get excited.”
That way, they won’t sell into any spike.
Now, fast forward roughly thirty minutes…
I instantly switched my opinion.
The new information had completely changed the game.
Suddenly, long-term holders had a reason to get excited…
The news could bring in new buyers, which could force shorts to buy to exit their positions.
All of that creates the potential for a BIG move!
I liked the setup so much that I also alerted Daily Market Profits subscribers…
And VERU blew past my expectations (and goals) for the trade.
If you bought at my signal price of $10.50 and held to $15, you could have made 44% on your trade!
Where else can you find opportunities like this in a bear market?
This is why trading biases kill opportunities…
If I hadn’t changed my opinion about VERU based on the breaking news, I would’ve missed out on this monster mover.
Trading is a fast-paced game. If you want to keep up, you have to adapt and react to new information FAST.
With that in mind, doesn’t it make sense to have lightning-fast news and information delivered right to you?
That way, you can make the best trading decisions for yourself…
Like whether to get into a hot play based on good news like VERU or if you should bail out of a trade because a company just did an offering.
Either way, StocksToTrade’s Breaking News Chat can help you get all the information you need.
After all, we can use all the help we can get in this market…
Have a great Money Monday, everyone!
Lead Trainer, StocksToTrade