Larry’s Note: If you’re tired of white knuckling through every market open, wondering if today is the day it all comes apart… There’s a way out. A way to pocket more gains in ONE day than the S&P 500 typically delivers in an entire YEAR.
And do it again and again without buying, selling, or holding a single stock.
I’ve been doing exactly that for more than 40 years.
It all comes down to a low-stress method for profiting over and over again with ONE ticker.
It’s how I’ve handed my readers multiple chances to pocket $149… $189… $250… $1,250… or even $2,500 or more in a single trade.
In today’s whipsaw market, this method may be one of the only ways left for everyday investors to pull ahead and grow real wealth. That’s why I hope you’ll join me at tomorrow’s free strategy session at 8 p.m. ET.
Click here to automatically RSVP.
Some traders have trouble pulling the trigger on a trade when they’re new and inexperienced.
They’re overcome with fear – fear of being wrong, fear of losing money, fear of making a big mistake. So they hesitate and second-guess themselves, missing out on potentially lucrative moves.
Eventually, most traders overcome that fear and build their confidence.
That’s when a new problem arises. Instead of finding it hard to enter a trade, they can struggle to let a trade pass. They want to get onto every move.
But that can mean jumping on low-probability trades for fear of missing out (FOMO). If they’re not careful, those losses can really mount and put them out of the game.
In truth, it’s a balance. And knowing when to sit things out is just as important as knowing when to trade.
So how can you identify when it’s better to sit still?
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Whatever your trading strategy, there are times when the price action simply doesn’t warrant any trading.
Markets might be choppy without any clear signals – breakouts falter, then sharply reverse… or an emerging trend soon fades. Trying to force a trade that isn’t there will inevitably lead to losses.
It’s the type of market where you don’t have an edge. And trading without an edge is simply gambling.
No strategy works all the time. If the prevailing conditions don’t suit your strategy, then it’s okay to take a breather. Understanding this is crucial to making it as a trader long-term.
But this is where some traders come unstuck. Instead of taking a step back, they lower their criteria for trade setups to “near enough will do.” They get pulled into the trap of thinking they’ve got to be active all the time.
It takes real discipline to sit things out until the right conditions align. Because that’s what protects your capital over time…
No matter what you’ve been led to believe, trading isn’t just about making money. It’s also about protecting your money.
So if you leave risk management as an afterthought, you’ve got things back to front…
Every trade involves risk. So when you’re chasing trades in a low-probability environment, you’re effectively paying risk premium without a sustainable edge for generating returns. Over time, losses (along with brokerage fees and commissions) add up to far more than you might realize.
As obvious as it sounds, you simply can’t trade without capital. If you’ve lost it all, you can’t take part in any move.
So I assure you… Sitting on the sidelines is not wasted time – it’s simply a part of the trading process. It protects your capital so that you’re ready to jump onto the next opportunity that comes your way. It also prevents you from wasting time and energy stressing over a trade going nowhere – or heading for a loss.
That way, you’re fresh and ready to go when the market eventually turns back in your favor.
So get comfortable sitting out of the market. While others are burning through their account chasing trades that just aren’t there, you’re protecting your capital and maintaining discipline.
And when your edge comes back into play, you’ll be ready to capitalize on any opportunities that come your way.
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.
