Discover one of my top pieces of trading advice... â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â Good Morning! Happy Monday, everyone! Iâm going to start off today by telling you a Tale of Two Traders⦠Once upon a time in the bustling world of stock trading, there were two traders, Jake and Steve. Both of these guys had been in the game for about a year, and both were starting to feel like they were on the verge of "making it big.â Although they started trading at the same time and shared the same feelings about their progress, they were still very different in many ways. Jake, like many new traders, was all about winning. He believed that the more trades he made, the more chances he had to hit that big winner. His mindset was simple⦠If he could just keep throwing darts at the dartboard, some of them were going to hit the bullseye. Or as long as he was right more often than he was wrong, he would be profitable. He didnât really care much about risk and just figured he could âmanage it later.â Sometimes heâd chase stocks that looked like they had room to run but never bothered to calculate the downside. âWho cares?â he thought. He did have a few big wins that fueled his confidence, though, and he began to risk larger and larger amounts on each trade. Steve, on the other hand, had learned the hard way early on that the market doesn't care about how confident you are. Sponsored Learn the Worldâs Most Profitable Skill in 10 Days Imagine 10 days from now, you have a repeatable process to find winning trades in any market, whenever you want. The Tim Sykes 10-Day Bootcamp is BACK and better than ever. If youâre an ambitious trader who wants to go from zero to finding your first profitable trade in just 10 days⦠[Click here for more details]( Because of that early lesson, he wasnât concerned with being right all the time. Instead, Steve focused on protecting his account by always using a strict risk-to-reward ratio of 1 to 3. He entered every trade knowing exactly how much he was willing to lose if things didnât go his way, and he only took trades where the potential upside was at least three times greater than the risk. At first, things looked pretty good for both of them. Jake racked up a series of wins, and his account grew quickly. Steveâ¦not so much. He was more cautious, so while his account was growing, it wasnât nearly as fast. Jake would sometimes tease him: âDude, youâre leaving money on the table. You gotta be more aggressive!â But Steve just nodded. He knew he was playing a different game. Then came the inevitable storm. A few months in, the market hit a rough patch. Stocks that had been flying high started pulling back. Jake kept buying dips, thinking the stocks would bounce back. After all, they had before. But this time, they didnât. In one particularly bad week, Jakeâs confidence turned into panic. His losses started to really add up because he hadnât set any clear exit points. By the end of the month, Jake had not only given back all his gains but had also taken a deep hit to his account. Steve? Well, his story was different. While he wasnât immune to the downturn, his trades were protected because he stuck to his original plan. He took a few losses, but each one was controlled. Steve was only risking a small percentage of his account per trade, and since his potential rewards were always much larger than the risks, the losses werenât nearly as painful as they could have been. In fact, by the time the market stabilized, Steve had only taken a small step back. The turning point came a few months later when the market started to pick up again. Jake had lost so much capital that he was trading with a smaller account and didnât have enough money to take advantage of the emerging opportunities. His confidence was shattered, and he found himself chasing losses, hoping to recoup what heâd lost. Steve, meanwhile, was ready. His account was intact, and because heâd followed his risk-to-reward strategy, he wasnât emotionally rattled. He patiently waited for high-probability setupsâthose with a strong 1 to 3 or 1 to 4 risk-to-reward ratioâand when the opportunities came, he was ready to pounce. Within a few months, his account was not only back at its previous level but growing steadily again. The Moral of the Story? Itâs not about how often you win; itâs about how much you win when youâre right and how little you lose when youâre wrong. Even if you only win 40-50% of the time, if youâre taking trades with a solid risk-to-reward ratio, youâll come out ahead in the long run. Okay, Iâm back againâ¦Yes, the story was pretty corny and everybody knew Steve would be the hero, but the lesson here is very important for all traders. Itâs one I brought up last week during my [Premarket Prep](. I stressed the importance of not going after every trade but instead focusing on only the high risk to reward setups This way, you donât waste energy chasing after every single shiny thing⦠And when you lose, you lose small, and when you win, you win big. So make the decision. Do you want to be a Jake? Or a Steve? [Click here to read the full article.]( Tim Bohen Lead Trainer, StocksToTrade Sponsored Recommended Membership Gifts ACCESS NOW: Click below to activate exclusive content and daily market intel from our market pros. [Bohenâs Exclusive]( [Market Analysis and]( [Watchlist Videos]( [Daily Strike Report Newsletter with Ben Sturgill and Jeff Zananiri](
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