FROM THE DESK OF PORTER STANSBERRY
35
To beat this reaction, folks try to harden their hearts... learn to be a stone-cold investor... and learn how to shut off their emotions. But I got to tell you, that’s not going to happen. It sounds good on paper, but good luck implementing it... It’s like the Mike Tyson quote: “Everyone’s got a plan until they get punched in the face.” And when you’re in that moment of crisis, you end up going back to those emotions. It’s simply what people do. It’s human. And of course, I say that from my own experience. I’ve been sharing my best investment ideas for more than two decades, and even I have trouble keeping my emotions in check from time to time. That’s normal! Hardening yourself into a stone simply isn’t a viable strategy. Instead, you need a solid plan to help navigate the storm of information . AMY: That’s right. Porter, I think I speak for most people that figuring out when to buy isn’t the hard part. But having a proper plan for when to sell – and sticking with it – is tough. PORTER: That’s why I’ve been a proponent of stop losses for decades. I’ve been doing this a long time and they work.
It’s OK to be an information junkie. And it’s OK to watch the markets closely. But you can’t allow it to creep into your investment decisions. You’ve got to protect yourself from yourself sometimes. And having a defined exit, like through a stop loss, is a simple but effective way to do it. KEITH: Having a defined point for closing an investment is an important key to success. Too many folks see a bad headline, get spooked, and sell too early. Or even worse, they see a position fall, but instead of doing something, they hold and hope. That can lead to crippling losses. Of course, even with the aid of a system like this to help you make decisions – all investing carries risk. There’s no guarantee for future results. And we never recommend investing more than you could stand to lose. But if you are tired of being a victim of your own emotions... And you want an even better, scientific approach backed by a team of data analysts, and the experiences of more than 55,000 users using it today, TradeStops is the product I recommend using – because it›s what I use, too. AMY: We are in the middle of one of the most peculiar bull markets in history. But by using TradeStops and a slew of other market tools included in Trade360 , you can position yourself so you don’t give up any upside remaining in this market.
Made with FlippingBook - professional solution for displaying marketing and sales documents online