Guys, I want to talk about one of the worst mistakes traders make and something many of us go through: revenge trading.
Having bad trading days, weeks or even months are a natural part of every trader’s life. One of the biggest lessons we can learn is how to roll with the punches and accept losses gracefully.
However, you cannot make up for a bad move by doubling and tripling down…
Revenge trading is one of the worst mistakes traders can make because it can quickly transform into a poisonous recipe for disaster, no matter if you’re a novice or veteran. It’s one of the biggest factors and causes of failure… Yes, it can totally blow up your account!
Instead, the next time you find yourself in a losing trade and have the urge to take revenge, try doing this.
Even with things like recent cost pressures and logistical bottlenecks pulling the stock market down, most companies have still been able to beat earnings and revenue estimates…
The total earnings for Q4 2021 are expected to be up 25.6% on 14.1% higher revenue from the same time period last year.
That tells me things are moving higher…
And that the major sell-off we’ve had the past few weeks created an opportunity in bargain stocks, which don’t seem to have too much overhead pressure from rising interest rates.
In fact, there's a significant amount of upside for them over the next quarter…
“Good morning, Roger! Thank you for all your amazing videos! It's really world-class material! I learned something from every one of them, ...actually from every sentence!”
German E.
Volume is the number of shares bought and sold each day in any given financial instrument. High volume suggests that there is a heightened interest in the financial instrument, and if it is combined with a move higher in share price, then it is often used as a signal of strong upward momentum. Keeping an eye on volume will ensure that you are on the right side of the trade.
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