My Biggest Trading Lesson

The stock market has a habit of humbling folks who think they’ve figured it out. [Jeff Clark's Market Minute]( My Biggest Trading Lesson By Jeff Clark, editor, Market Minute I was only 19 years old when I made my first trade. I had a gut feeling the market was going to go higher… so I invested $600 into the S&P 100. A few hours later, my money had more than doubled. I sold my position and took the $1,200 profit – a 200% gain. And I was hooked on trading forever… My next trade was in IBM. This time, it took a couple days to double my money. Next, I invested in Digital Equipment… which nearly tripled in just a few days. I made 17 trades during my first six weeks as a trader. Every single one was a winner. Going 17 for 17 was a remarkable feat for a rookie trader – especially since I wasn’t using any sort of fundamental or technical analysis. I was just going with my gut. But I was careful not to put more than $1,000 or $2,000 into any single trade. And I still managed to turn my $5,000 brokerage account into $50,000 in just six weeks… And then I decided it was time to get serious. No more tiny trades. I was too good for the small stuff. For whatever reason, I had figured out a way to beat the market. Heck, I had just rattled off 17 straight triple-digit winners. So I decided to take the $50,000 in my account, add to it my $25,000 in savings, and put it into a handful of trades. You can probably guess what happened next. Recommended Link [$1 Billion Money Manager’s Secretive AI Profit Opportunity]( [image]( Already, MULTIPLE billionaires have moved huge sums of money into an under-the-radar AI profit opportunity. The good news is, you can join them and tap into a $3 billion reservoir of cash that currently yields huge payouts. [Here’s the full analysis of this opportunity.]( -- The stock market has a habit of humbling folks who think they’ve figured it out. For me, the humbling started right away. At first, the positions started slightly moving against me. It was nothing to be concerned about. One good day would put everything back in the profit column. But then, one by one, each position blew up on me. It was too painful to watch. I kept the television off and avoided reading the newspaper for fear I’d see something bad about the stock market and my positions. When I finally got up enough courage to call the branch manager and check on the status of my account, I learned all the gains I had built up over the previous six weeks were gone. “Just sell everything,” I said. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. That was an expensive lesson to learn. But it’s one every trader learns at some point. I was just fortunate it happened to me early in my career. You see, that experience changed how I looked at trading. I was no longer betting the farm on a couple of trades. Instead, I started trading as a way to reduce risk, by building wealth over a number of smaller trades. Today, I still do my fair share of speculating. But I’m not focused on how much money I can make. I’m focused on how little I can lose. That’s a huge difference. It has allowed me to trade successfully for nearly four decades. And it allowed me to retire at 42. Best regards and good trading, [Signature] Jeff Clark Editor, Market Minute P.S. I see some big things shaping up for the markets ahead of the U.S. presidential elections… you should check out my [recent interview here.]( As I’ve mentioned a couple of times recently, my publisher [isn’t promoting this idea](. But it’s my job to make sure you’re informed. [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-752-0820, Mon–Fri, 9am–7pm ET, or email us [here](mailto:contactus@jeffclarktrader.com). © 2024 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](