No day is ever the same as each day of trading provides its own unique challenges to overcome.
But the key to successful trading is how you ultimately respond to those challenges and the success that it brings about.
Here’s what success in the SharePlanner Splash Zone looked like for the month of June:
Each day the market is open isn’t necessarily a day you should be trading. Yesterday, as the market was dropping I didn’t buy a single stock. I knew that the market wasn’t right for trading, and it was far too early to conclude that new short positions should be established.
Instead I booked my profits in existing positions like Xilinx (XLNX) where I took about 3% on the trade. For most of today, I didn’t trade either instead waiting for the market to put in somewhat of a bottom before adding two new positions to the portfolio.
Now, despite the two days of selling that we have seen, it can only be concluded at this point that the market is providing an opportunity to buy stocks on the cheap and ride them back up higher as there has not been any fundamental shift in the market’s outlook and no real news driving market lower. As a result bias needs to remain to the long side.
Knowing what the market is trying to show us and not letting personal bias persuade me otherwise is what has helped me to consistently profit from the market month after month and year after year. Just see for yourself how profitable my trading has been for me over years by clicking here.
If you are part of a trading service that does not make their trading past performance public and for all to see, you need to cut your ties with them. Any trader who has a successful track record trading the stock market, won’t hesitate for a second to show everyone just how successful that they are. Otherwise they are hiding their past performance because they would rather fill you with empty promises of grandiose and riches that never come to pass.
So sign up with a trading service that shows what they are made of – that is, sign up for the SharePlanner Splash Zone and learn to consistently profit in the stock market as you will get the opportunity to trade with me each and every day the market is open in my chat room, as well as receive all my trade alerts via text (international included) and email. Try today with a Free 7-Day Trial.
You can receive Ryan’s trade alerts via Text and/or Email by subscribing to the Splash Zone.
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