In Today’s Masters in Trading: Live I know I sound like a broken record whenever I say, “Education mitigates risk.” But it’s the truth. The more we understand markets, the better we can navigate them as traders. I’ve learned the value of that advice through countless ups and downs in the stock market. Through it all, one important book has influenced my overall approach and saved me from self-doubt more times than I can count. In Fooling Some of the People All of the Time, David Einhorn delivers the sorts of insights I’ve spent years applying to my own trading strategy. His book taught me that real edge comes from digging into filings, footnotes, and what others ignore… That high-conviction trade setups aren’t based on hype. They’re all about the opportunities markets ignore when flashier stocks are sucking the oxygen out of the room. And most important of all? You can be right and still lose for a long time. The system is stacked against truth-tellers. In order to win, you need relentless research, patience, and the courage to stand apart. Just consider our recent win in Lyft (LYFT). Most people saw LYFT as Uber's less profitable little brother. A stock that was always down for the count. But we spotted something others missed: A legislative change that converted Lyft's biggest liability (R&D spending) into a profit driver. So we entered LYFT at $15. Then it fell to $13.50. Rather than get discouraged – or worse, use stops to “cover our risk” – we stuck with the trade. Our thesis was sound. We'd done the homework. And we knew what we were comfortable risking before we even entered. Sure enough, the stock came back around – and it handed us amazing returns in record time.  As long as your approach is consistent, the wins will undoubtedly come. When the fundamentals are on your side, you can move mountains. Our Advanced Notice track record is proof of this: 16 wins out of 18 big-ticket trades in just a few months.  While most traders had a quiet summer, we kept finding opportunities others missed. These wins were no mere fluke. It’s all in the winning mindset I teach every day I go live. So join me for today's Masters in Trading LIVE at 11 AM EST, where I'll break down the key takeaways from Einhorn's book that still guide my trading today and the big wins we’ve managed sticking it out with our trades. I'll show you how I apply these lessons to our highest-conviction setups – the kind that can handle being "wrong" temporarily while staying right long-term. And if you’re interested in learning more about how we track down the highest-conviction trade setups out there, click here to learn more about my seven-day options trading intensive – The Masters in Trading Challenge.  | Recommended Link | | | | While Nvidia makes all the headlines, this little-known company is already beginning to surpass Nvidia’s stock gains this year as data center growth surges. I believe this stock could soar in the next 12-24 months, potentially leaving Nvidia in the dust. I want to give you the name, ticker and my full analysis today – because I know you certainly won’t hear about this stock in the mainstream financial media. Click here to get all the details… | | | | Got a Question? | Be sure to join me live on YouTube and ask me anything. It’s a great way to connect directly with our trading community and make sure you’re getting the insights you need to help build a deeper understanding of the markets. Remember, the creative trader wins, |
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