Larry’s Note: It’s been a tough market this year for many folks, but some of the biggest gains I’ve ever made as a hedge fund manager came in markets just like today’s.
Throughout 2022, I’ve been showing folks how to make $1,145 every 30 days… with what I call “Instant Cash Trades.”
This tried-and-true strategy makes me an average return of 8%… every 24 hours. And it’s the same strategy that helped me go 20 straight years without losing money – even during recessions.
To learn how you could potentially make the same gains, click right here to join me tomorrow, at 8 a.m. ET for my special presentation… where I’ll reveal the ticker of my next “Instant Cash Trade.”
Most traders want to make a specific amount of money… but want to get there in the fastest way possible.
So they overleverage their positions, load up on risky bets, and get blown up.
That’s a fast way to become poor, not rich… especially this year.
The smart trader – the one who’s in the vast minority – is taking small profits nearly every single day the markets are open.
And it’s truly possible. Some of my subscribers have made gains this year like…
$295 on August 23
$250 on August 24
$449 on August 30
$415 on August 31
$330 on September 1
$430 on September 6
$666 on September 12
$293 on September 14
$565 on September 22
None of these wins are enormous.
But if you continue taking small wins consistently, then you accumulate a larger base of capital and can afford higher levels of risk… which inevitably leads to bigger rewards.
Trading this way means your winners will outweigh your losers. You won’t be all-in on one high-risk idea – the harbinger of death in the trading world.
It seems obvious and easy to follow, but most new traders don’t think this way…
New traders often get attached to their losers.
They sit on a losing position, hoping it will eventually become profitable… and it usually doesn’t. That’s mistake number one.
And mistake number two is that they never take a profit unless it’s a grand slam. They’ll keep pressing on a winner, even when they’re losing money overall.
They think that’s the only way to be successful.
But that’s the wrong line of thinking… and it’s a pitfall new traders tend to fall into.
They don’t understand how to size their positions according to how they’re trading. They don’t earn their risk.
And understanding how to do that is the most important thing in trading.
That’s why I like to tell people my cautionary tale…
Free Trading Resources
Have you checked out Larry’s free trading resources on his website? It contains a full trading glossary to help kickstart your trading career – at zero cost to you. Just click here to check it out.
Learn From My Experience
In 1984, I started out on the trading floor of the Chicago Board Options Exchange with $10,000 of my own money.
Larry (right) on the floor of the Chicago Board Options Exchange in the mid-1980s
I would allot myself a sum of money to trade and grow. And I kept losing all of it.
But my buddy Andy was making money every day.
After some time, I finally identified the difference in our strategies: He was letting profits slowly trickle in.
He wasn’t going all-in on a risky trade idea. He was slowly but surely building a strong base of capital.
In other words, he was putting a “P” (profit) on the page, no matter what.
It took me a long time to grasp this concept.
I chewed through all of my money probably two or three times by making silly mistakes. Things like being too impulsive, going for the home run, or holding onto losers too long…
All the basic “no-no’s” of trading.
But each time I chewed through all of my capital, I learned something.
I got closer to learning how to let go of losers and avoid impulsive trades. Then, I got picked up by another firm and they gave me some money to trade and a shot.
And over time, I began to figure out proper money management.
Luckily, I made all my mistakes early on in my career and was willing and able to bounce back.
The reason I’m telling you all this is to inspire you. Anyone can start small and become a big-time trader… especially if I could.
And that’s why I’ve got something very special planned for this Saturday morning…
On Saturday, November 19 at 8 a.m. ET, I’m revealing my favorite strategy for generating regular cash – often in less than 24 hours.
I’ve used this strategy to help my readers earn an average of $1,145 every 30 days. That was possible with a starting account of around $25,000.
And in this market, that’s not something many of us can afford to dismiss.
So, to learn more, I’d encourage you to tune in this Saturday morning. You can sign up by going right here.
Editor, Trading With Larry Benedict
In today’s mailbag, One Ticker Trader member Joseph compliments Larry…
Hi Larry, I marvel at how you read and interpret the stock charts!
– Joseph B.
Thank you, as always, for your thoughtful comments. We look forward to reading them every day at [email protected]