Avoid This Common Trading Pitfall

The mistake every trader makes… ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Good Morning! During my [Premarket Prep]( on Tuesday I discussed an element of trading psychology that trips up a lot of traders. I brought it up because we had two stocks on our radar that exhibited very similar price action on Monday, the 30th… Up to a point. $7.7 Million From One Trade Here’s what most people don’t understand about trading: Once a trader learns how to find ONE winning trade… They can repeat that process again and again and again until their account is almost DROWNING in gains. Don’t believe me? Tim Sykes has built his entire 25-year trading career on the back of basically [ONE setup](. That one setup has made him well over $7.7 MILLION profits. And now, he promises to teach you the same process for finding profitable trades in just 10 days. [Click here for more details]( One of those stocks was Fangdd Network Group Ltd. (NASDAQ: DUO): DUO 5-Day, 5-Minute Candles Chart; Steady Trade The second stock was XChange Tec.Inc. (NASDAQ: XHG): XHG 5-Day, 5-Minutes Candles Chart; SteadyTrade So where did the similarities end? Well, DUO ran up Monday morning, pulled back, and then ran up even higher. On the other hand, XHG ran up Monday morning, like DUO, and then fell off a cliff around 3:00 in the afternoon. Many people were upset that they didn’t hold DUO longer, that they got stopped out and missed out on what could’ve been. Coulda, woulda, shoulda…Hindsight is always 20/20! And here’s what I had to say about that… Be happy you were stopped out because even though you missed out on capturing that extra gain that came later, the odds of DUO failing were the same as XHG. See, both of these are crappy pennies that are simply riding the Chinese stock pop right now. To learn more about what’s happening with Chinese stocks, read [my blog post]( from yesterday… You can also tune in to my [SteadyTrade podcast]( from yesterday, in which Matt McCall and I explored the China stock situation in more detail. DUO and ZHG are equally bad in quality, so it follows that their price movements are equally impossible to predict! These penny stocks are only suitable for day trading. Penny stocks, by nature, are volatile and move fast which is exactly why we have stop losses in place to protect our downside. And if you use [Oracle]( you’re even better equipped to manage your risk because along with your stop loss, you get an entry price. So if a stock doesn’t hit the entry price, you ignore it and move on. So what do we call this FOMO or disappointment that some traders felt by not holding on to DUO? It’s called selection bias, and it happens to traders more often than they might recognize. [Click here to read the full article]( Tim Bohen Lead Trainer, StocksToTrade Sponsored   Why Friday - Monday is My Favorite Time to Trade Stocks Despite what the mainstream media would have you believe, the best time to trade stocks is NOT Monday - Friday...“But Tim, the market is closed over the Weekend!” You’re right… But with [this little known loophole]( I’m able to place one simple trade on Friday… Go out – have a normal weekend away from my computer. And then come Monday, I open my laptop to a potential profits (all while the market is closed). [Find out how I do it here.]( Recommended Membership Gifts   ACCESS NOW: Click below to activate exclusive content and daily market intel from our market pros. [Bohen’s Exclusive]( [Market Analysis and]( [Watchlist Videos](   [Daily Strike Report Newsletter with Ben Sturgill and Jeff Zananiri](     [Facebook]( [Twitter]( [Instagram]( [YouTube]( [Spotify]( [Click Here to Unsubscribe]( (As an Amazon Associate, we earn from qualifying purchases.) 13809 Research Boulevard, Suite 500, Austin, TX 78750 **Tim Bohen teaches skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our [Earning Claims Disclosure]( About: Making money trading stocks takes time, dedication, and hard work. My goal is to teach you how I have succeeded in the market, but you may not achieve my results. Remember, there are risks involved with investing, including the potential loss of money. We are strongly committed to protecting your privacy and providing a safe & high-quality online experience for all of our visitors. 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