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Why ‘Staying Wrong’ Is the Silent Killer of Trading Accounts Morning Monster is starting NOW… Come join me as we dive in and see what’s moving! Let's jump in and take a look at sector performance through expected earnings. Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day. — — — Why ‘Staying Wrong’ Is the Silent Killer of Trading Accounts One of the most critical lessons I've learned in trading over the years is the importance of not “staying wrong” in my trades. It’s not being wrong that costs you the big money — it's staying wrong. This principle is one of my core tenets — a "Jeffry-ism," if you will. Imagine you're in a trade, and you have a clear plan… "Here's where I'm right, and this is where I could be wrong." The market, however, has its own agenda and might prove you wrong. If that happens, one of the worst things you can do is stay in the trade, hoping for a reversal. Let's say your trade starts going south. If you don't close your position at your predetermined exit point, you're effectively deciding to stay wrong. Worse, you might double down, thinking the market will turn in your favor and you’ll get back what you’ve already lost. Before you know it, you've quadrupled your initial position, and the losses keep mounting… Now you’re really in trouble. The smart move is to get out when the market proves you wrong. It’s a tough pill to swallow, but taking a small loss is far better than watching it grow into a massive one. This approach isn't just about avoiding losses… It's about maintaining a disciplined trading strategy that prioritizes long-term success over short-term emotions. I've seen traders blow up their accounts because they couldn't accept the fact that they were wrong. They stayed in losing positions, hoping for a miracle. Trading isn't about hope — it's about making calculated decisions and respecting the market's signals. So, when the market tells you you're wrong, don't ignore it. Get out, reassess, and prepare for the next opportunity — there’s practically an infinite number of opportunities coming, so live to fight another day. Remember, it’s not being wrong that will cost you most, but staying wrong. Always be sharp and never let your ego dictate your trading decisions. Have a trading plan, including an exit strategy, and stick to it. You’ll be much better off and a much better trader in the long run. Now it’s time for “Morning Monster”! How I’m Targeting Double-Digit Gains From GOLD! Right now, the stage is set for an epic Gold Supercycle… You see, the last time a lot of institutions piled in on gold as fast as they could, its price climbed up over 1,300%… And now, China’s recent buying frenzy could send gold prices even higher… But I wouldn’t advise anyone to buy it just to wait years for a 50% return. I’ll be live at 3 p.m. ET today, Dec. 26, and sharing how we can target double-digit gains on gold in just a couple of days… Now, I can’t guarantee wins or prevent losses, but if you’d like to see the best way to benefit from Gold’s Supercycle How the Daily Chart Setup Works Here’s a more detailed description of how the pattern triggers: 1. The price breaks upward through the orange Market Roadmap Line. 2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months. 3. Once it touches the line and starts moving back up, that signals an entry. I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years! You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places! Jeffry Turnmire Jeffry Turnmire Trading I host my “Morning Monster” livestream at 9:15 a.m. ET each weekday on YouTube, and then “30 Minutes of Awesome” at 5 p.m. ET each Tuesday! Please check out my channel and hit that Subscribe button! I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader. I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me. *This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. |
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ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Jeffry Turnmire Trading provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. Unsubscribe |
Looks like the big tech investors are jumping ship... ...
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