Why ‘Staying Wrong’ Is the Silent Killer of Trading Accounts

This lesson has saved me through the years
 
   
     
🚨 I’ll be live at 11:30 a.m. ET with Jack Carter🚨

 We’ll share the report with today’s top Triple Income Strategy trades, break down the setups, discuss what’s moving markets and more [tap to join us for Market Masters]
 
Why ‘Staying Wrong’ Is the Silent Killer of Trading Accounts

One of the most critical lessons I've learned in trading over the years is the importance of not “staying wrong” in my trades.

It’s not being wrong that costs you the big money — it's staying wrong. This principle is one of my core tenets — a "Jeffry-ism," if you will.

Imagine you're in a trade, and you have a clear plan… "Here's where I'm right, and this is where I could be wrong."

The market, however, has its own agenda and might prove you wrong. If that happens, one of the worst things you can do is stay in the trade, hoping for a reversal.

Get the full story, then join us live at 11:30 a.m. ET weekdays for Market Masters!

 
 
Don’t Kill Your Account…
I’m also live at 9:15 a.m. ET weekdays for Morning Monster and at 5 p.m. Tuesdays for 30 Minutes of Awesome — bring your ticker and I’ll analyze it in real time!

Visit me @JeffryTurnmireTrading on YouTube.

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I'm Releasing My 5-Year Income Challenge LIVE on Saturday 
 
 
I kicked off the plan last year and it's been going exactly as planned. I doubled my trading account and now I went to show you how I plan to do the same this year.
 
 
Nate Tucci and Jeffrey Turnmire on opposite sides of text reading "$50,000 Challenge LIVE SATURDAY March 28 at noon ET"
 

Nate will be joining me LIVE at noon ET on Saturday, so if you want to see how I'm approaching this plan…
 
 
Save Your Seat Right Here

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Today’s Daily Chart Setup: Genesco (GCO)  
 
 
This idea came directly from my Daily Chart Setup that automatically signals potential plays. 

See the strategy behind these signals!
 
GCO is a new potential entry. Target: 32.28 Stop below: 23.38
GCO has a historical win rate of 80.0%
GCO has a profit factor of 1.69
GCO trades last 41 trading days on average over 35 trades since 1968.


This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Always remember that past performance is not indicative of future results.

How the Daily Chart Setup Works

Here’s a more detailed description of how the pattern triggers:

 
1. The price breaks upward through the orange Market Roadmap line. 

 
2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months. 

 
3. Once it touches the line and starts moving back up, that signals an entry. 

I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years!
Jeffry Turnmire
Jeffry Turnmire Trading

I host my Morning Monster livestream at 9:15 a.m. ET weekdays on YouTube, and then 30 Minutes of Awesome at 5 p.m. ET each Tuesday!

Visit me @JeffryTurnmireTrading on YouTube.

You can also follow along and join the conversation for real-time analysis, trade ideas, market insights and more in my official Telegram channel!

Important Note: No one from the ProsperityPub team or Jeffry Turnmire Trading will ever message you directly on Telegram. 

I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader.

I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me.



*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 
   
 

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