Larry’s Note: I have an invitation for you. I’m about to share a special venture with my readers in just a few days. I call it “Benedict Capital.”
You see, my hedge fund, Banyan Capital, was in the top 1%. I helped my clients make $274 million in profits. But it was for millionaires and billionaires only. Everyday folks were locked out.
Benedict Capital is different. I think of it as my “hedge fund for everyday folks.”
Of course, this venture probably isn’t suited for everyone. Not everyone is ready to make this kind of commitment. But I want to make sure you have the chance to check it out… and see if it’s for you. Are you interested?
I’m sitting down to give the specifics on Wednesday, December 3, at 8 p.m. ET. You can add your name to the guest list instantly by clicking here.
No matter how closely you watch the markets, some trades are going to pass you by.
Perhaps you weren’t watching the right sector at the right time. Or maybe you were too busy trying to keep on top of all your open trades.
Rather than kicking yourself over missed opportunities, you have to let these moments go. Just as you can’t win on every trade, you can’t take part in every trade.
There’s no way to scrutinize every opportunity out there. And even if you could, it’s unlikely you would have enough money.
From novice investor through the most experienced hedge fund manager, we all have a finite amount of capital. Our job is to put it to its best use.
So you need to develop the ability to brush off missed chances. Instead, concentrate on finding the next winner…
Whether it’s Bitcoin (BTC), Nvidia (NVDA), or another hot stock, we’ve all had opportunities that we’ve missed.
That can really mess with some people’s heads…
If only they’d bought BTC when it was trading for a few hundred dollars… or if only they’d bought NVDA right before it took off. Watching the daily ticker read can be a constant reminder of a big “mistake” and all the missed profits.
However, the real mistake is latching on to those misses… and only aiming for another smash hit.
For every BTC and NVDA, there are hundreds of other stocks that flare out just as quickly as they rise. So looking for the next “big one” is a low-probability game.
The trick is to focus on the next trade. There’s always a new trade nearby. That way, you don’t waste your time or your emotional energy on past opportunities…
Even someone like me – who’s successfully run a near billion-dollar hedge fund – knows there are going to be trades that I miss.
We’ve seen that this year… Gold had a dramatic run up through $4,000… Plus, the overall markets made a dramatic U-turn and rallied strongly from April right up until last month.
Sure, we picked up some profits during these moves. But there are any number of trades we could have done to earn bigger wins. With the benefit of hindsight, we can see nearly every shift up or down where we could have taken more profits off the table.
Of course, it would have been great to make more money. But focusing too much on regrets can prevent you from moving on to the next trade. And that’s something no one can afford.
There’s no point wondering about the “what ifs.” Instead, consign any missed chances to the dustbin of your trading history.
And then ready yourself for your next trade as soon as you can… because as markets get choppier, there will be more opportunities to take advantage of right around the corner.
Happy Trading,
Larry Benedict
Editor, Trading With Larry Benedict
Reading Trading With Larry Benedict will allow you to take a look into the mind of one of the market’s greatest traders. You’ll be able to recognize and take advantage of trends in the market in no time.
