10 trading mistakes, from international spy to trading SPY and more!

FROM INTERNATIONAL SPY TO TRADING SPY... This video always gives me a good chuckle... check it out! DO YOU HAVE YOUR COPY OF ONE SIMPLE STRATEGY? [Click here to get yours now ›]( Mark your Calendars! July 1, 2021 - 9 pm (ET) / 6 pm (PT) Inner Circle Weekly Training Session Join Hugh for a deep dive into the core concepts and strategies for trading SPY options. [Click here to learn more ›]( Pick of the Day Results [Click here to learn more ›]( TOP 10 COMMON TRADING MISTAKES (THE NEXT 4) I began a series last week about the top ten trading mistakes too many traders make. [Click here to check out the first three mistakes, included in last week's email.]( Here are the next four of my top ten: Mistake 4: Lose Your Cool. After getting into a bad trade (we all do from time to time) the worst thing you can do is give into the inevitable fear. Becoming flustered, angry and worried neither resolves the problem of the bad trade, nor helps you navigate the way out. Solution: Good Trading is boring trading. Again, plan your trade and trade your plan. Mistake 5: Waiting Too Long to Pull the Trigger. Waiting just another moment to watch the indicators further confirm your intended direction may seem prudent, but waiting too long may cause you to miss the move. Solution: Develop confidence by regularly studying the charts and paper trading. When the right setup presents itself, be prepared to execute the trade. Mistake 6: Letting Losses Run. Some trades are just bad. And no matter how much you try to rationalize the equity's future movement in your direction, the market will do what the market will do. Solution: When the market moves against you and you see few realistic opportunities to manage the position, be ready to cut the trade loose and preserve what you have left. Mistake 7: Too Many Open Positions. They say 'too many cooks spoil the broth.' Well, we say 'too many positions spoil the gains.' Solution: Stay focused on the task at hand. Make sure you know how much you can handle - if that's one trade at a time, so be it. Learn from the mistakes of others... you won't be able to afford to make them all yourself! [Click here to talk to us and learn how you can avoid making costly mistakes.]( Hugh A Recent Success Story Rick T. knew little about trading options before taking our Learn to Trade Course. He has now been trading for a few months and has already recognized the power of enlisting a great coach... "I definitely have a better understanding of how to trade options. I have a very good feeling about 2021." Thanks Rick - we can't wait to hear about your success in the coming months! th 1623 Military Rd. #577, Niagara Falls, NY 14304, United States You may [unsubscribe]( or [change your contact details]( at any time.