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♟ How to Find "Bob-Ross-like" Calmness as a Trader

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mtatradeoftheday.com

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TradeoftheDay@mb.mtatradeoftheday.com

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Fri, Sep 6, 2024 09:03 PM

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It took me years to master my emotions, but once I did, everything changed Editor's Note: It's almos

It took me years to master my emotions, but once I did, everything changed [Trade of the Day Logo] [View in browser]( [Image of a person looking at stocks on their phone]( Editor's Note: It's almost here. Soon we'll be kicking off Nate Bear's [FREE Open House in Daily Profits Live.]( Starting Next Monday, our Lead Technical Tactician Nate Bear will be opening the doors to his Daily Profits Live chatroom for an entire trading week. Don't miss out on your chance to trade alongside Nate for FREE for five straight days. [Click here to sign up for Nate's Daily Profits Live Open House.]( --------------------------------------------------------------- ["All my biggest losing trades can be traced back to not following these two principles."]( Nate Bear, Lead Technical Tactician, Monument Traders Alliance [Nate Bear] Have you ever watched Bob Ross paint? It's almost like watching a monk meditate. It's soothing... and it makes you feel like all is right in the world. It's the exact opposite of what many people think of when they picture Wall Street. They might picture a man in a suit yelling into his phone in a New York City trading pit... Or an angsty, Ivy League-educated trust fund baby who knows all the insider info and thinks his presence is a gift to everyone around him. These stereotypes might make for some good Hollywood movies. But the reality is... You don't have to be a "typical" Wall Street pit trader or insider to make winning trades in the market. Case in point... I've never commuted to Manhattan to trade on Wall Street. I started my trading career while working in construction. I'd make trades on my phone in the parking lot as I waited to pick my kids up from school. I once hit a 111% winner while sitting in front of the school in a line of minivans. What a time to be alive, right? This style of trading wound up generating $2.7 million in verified trading profits from a $37,000 account in just four years. Learning to trade has been an amazing journey. But I must say... I wasn't an overnight success. [You're Invited to Nate Bear's Daily Profits Live Open House (September 9-13) ...]( [DPL Open House]( - Look Over Multimillionaire Trader Nate Bear's Shoulder During His Week-Long "Millionaire Trading Blitz" - 1 Full Week of Trading (Discover Powerful New Strategies That Work!) - Went 19-for-22 (86% win-rate) and closed a 1,129% winner within 2 days last time - It's All 100% FREE! [CLICK HERE TO RESERVE YOUR FREE SPOT NOW (WHILE THERE'S STILL SPACE!)]( Like any trader who's just starting out, I still had to hone my skills. But I was able to do it my way... without sacrificing my family-first lifestyle. Along the way, I learned that being calm is everything when it comes to trading. Some of my Daily Profits Live members have even referred to my personality as "Bob Ross-like." It's funny to hear myself described that way, since I'm far from a famous painter. But it's also funny because I wasn't always this calm. In fact, when I first started, I blew up a $15,000 account. Yep. $15K... gone. Just like that. I was so upset after that trade that I punched a hole in my wall. [Image of a hole in a wall]( Can you imagine Bob Ross punching his easel?! That was the moment I knew I had to alter my approach. I sought help from a community of experienced traders, and it made all the difference. I started trading with less emotion, and I even created my own system for finding winning trades. Fast-forward to eight years later, and I'm still using these Bob Ross-like, serenity-inducing principles in my trading. Here are some of my greatest trading lessons... in Bob Ross' words. 1. "If you want sad things, watch the news." Bob Ross once said, "We want happy paintings. Happy paintings. If you want sad things, watch the news." Turns out he was right about the "watch the news" part. When I first started trading, I'd believe whatever I heard in the mainstream media. I'd get all excited when I heard people talking about the next hot stock... and I'd start to panic when they talked about the economy going under. Later, I discovered... This low-quality information was just a form of manipulation. After I'd made my trades on the stocks that the media had hyped up, the savvier traders would sell off, leaving me with a loss. Ouch. The lesson here is to never blindly trust the news when you're making your trades. 2. "It's hard to see things when you're too close. Take a step back and look." I cover this concept almost every day in Daily Profits Live. Beginner investors have to understand... The market doesn't care how much you like a certain company. The movements of the market are nothing more than reactions to a complex string of information. How many times have you made a trade only for it to start heading south? You're losing money, but you tell yourself, "If I can just hang on for a little while longer, I think I'll be able to break even." It's at this moment that the warning sirens should start going off in your head. This is when you need to "take a step back and look." You're not thinking clearly, because you're hoping the stock will do what you want... and you're ignoring all logic and reason, which are telling you that the trade is cooked. The takeaway? Listen to those sirens – they're telling you it's time to get out of the trade. 3. "Anytime you learn, you gain." I know it sounds cliché, but all my losing trades can be traced back to not following the advice of those first two quotes. As you continue on your trading journey, understand that you'll probably still be susceptible to fear and greed. But the main lesson is to stay true to the fundamentals that have led to consistent winning trades over long periods of time. And each time you take a loss (and you will take losses, because no trader is perfect), it's just another opportunity to learn and get better for next time. [Logo] YOUR ACTION PLAN Bob Ross' way of looking at the world is surprisingly relevant to trading. To let you see how I use these principles in my daily trading, I'm opening the door to my Daily Profits Live trading chat room for FREE for a limited time. Starting next week, I'll be opening the doors to his Daily Profits Live chatroom for 5 straight trading days as part of my [Daily Profits Live Open House](. This event is completely FREE. And it's your opportunity to trade alongside me and see how I apply these emotional principles to my own trading. [Click here to sign up for my Daily Profits Live Open House.]( --------------------------------------------------------------- [Smiley] FUN FACT FRIDAY Despite soaring prices, more people are taking the plunge into homeownership! Recent data shows that sales of starter homes jumped by 10.2% in July 2024 compared to the previous year. Even with the median price of these entry-level homes crossing the $250,000 mark, first-time buyers are entering the market in greater numbers. It seems that falling mortgage rates and increased inventory are giving newcomers the confidence to make their homeownership dreams a reality. We'll be keeping a close eye in [The War Room]( for potential trades in the real estate sector. Click here to learn more about [The War Room.]( --------------------------------------------------------------- INSIGHTS YOU MAY HAVE MISSED [Image of a typewriter with the phrase 'Case Study' written]( [How David Beat Goliath: $650 to $7,988 in 48 Hours]( [Image representing stock charts in the red]( [One Way to Work Tanking Markets in Your Favor]( [Why SPOT Checks all my boxes]( [A Golden Opportunity Amidst Market Turbulence]( [Image of a notebook filled with financial data next to a laptop]( [My Complete Million-Dollar Trading System (With Visuals)]( [AI DIVIDENDS: No. 1 Way to Collect Passive Income]( Right now, a handful of AI companies are paying passive income to investors... And getting started couldn't be easier! To prove it, I'm giving you my Free AI Income Playbook (FREE OF CHARGE). [Click here to get it for free.]( [Instagram]( [Follow Us on Instagram!]( [FACEBOOK]( [YOUTUBE]( [Trade of the Day App Banner]( [Monument Traders Alliance] Monument Traders Alliance, LLC You are receiving this email because you subscribed to Trade of the Day. To unsubscribe from Trade of the Day, [click here](. Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. Forgot your password? [Click here to reset it.]( To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 [Website]( | [Privacy Policy]( Keep the emails you value from falling into your spam folder. [Whitelist Trade of the Day](. © 2024 Monument Traders Alliance, LLC | All Rights Reserved --------------------------------------------------------------- Nothing published by Monument Traders Alliance should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed personalized investment advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after publication before trading on a recommendation. Any investments recommended by Monument Traders Alliance should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Monument Traders Alliance, LLC, 14 West Mount Vernon Place, Baltimore, MD 21201.

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