This week, I tried to trade a premarket spiker, but I was late to the game. Even though I did the right thing and cut losses quickly, it was a great reminder… You MUST learn to adapt to markets. Especially a chopfest market like we’ve seen for the past week.
When family and friends put him down for dreaming, Jack Kellogg kept studying. He knew what was possible and was determined to stick with it. He knew college wasn’t for him. But, he managed to save $10K from his valet job. And he knew he wanted to invest that money. So right out of high school, he joined my trading challenge in 2017.
No one wants to hear it, but you know it’s true: Trading has risks. Most traders lose. It takes hard work and dedication to become a successful trader. If you don’t do your due diligence, there’s a good chance you’ll end up without any money left to trade. Losing your hard-earned money is the biggest risk in trading.
I’m sure you’ve noticed how insane the market is, right? I’m not talking about the number of plays every day. How do you keep up with extended-hours trading? These 16-hour trading days are crazy. You have to adapt to what the market gives.
What do great traders have in common? This isn’t about strategy or tactics… They make a difference, but there are a TON of successful strategies (and tactics). It also isn’t about character traits. I know some incredible traders with outstanding character.
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Founder of Weekend Trader
Sr. Research Analyst for TRADEMONSTER.ai Alerts & Market Rebel [...]
Chief Investment Strategist of Money & Markets
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