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Apr 5, 2016 2 min

Trading Cowboys

from Wealth, Freedom & Options With Joshua Belanger Hosted by Joshua Belanger

I often hear story after story of people who've gotten burned in the markets. Some even get jaded and nasty. Losses can change a person and their future. That is why this is serious business; it's no hobby. Sadly, people have taken their lives because they blew out their account or have been crippled mentally with too many losing trades that has convinced them they don't deserve to live. It's tough; I went through a rough patch during the financial crises myself, which was a wake-up call. In many cases, people get burned because they followed some cowboy trader they found on the inter webs. They got scooped up into their reckless approach because of greed after seeing their returns made on the big winners. They may have even shown you a large account value they supposedly trade with saying they are transparent as an indirect way to brag and provide you hope it's possible. Some of you likely have been burned by them in the past by following their advice and into oversized positions that blow up your account. You're skeptical at first, so you track a few of their trades. The ones you tracked made money, and now you're emotions play with your head because you missed those big gainers, so you jump on their saddle and follow right behind them. Bamm, right hook! Their hot hand has now gone cold, and you went in too big! Now your account is just a few dollars, and you need to start over. These goons approach the markets like the Wild West, and you need to avoid them like the plaque. To be successful in this game long-term, you need to be strategic, small and be active. I have the perfect blueprint that will teach you how to do that with trading options so that it will keep you out of saloons and avoid getting caught in a shootout. http://www.FearlessInvestingWithOptions.com To your wealth, freedom & options! Joshua Belanger

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Trading Cowboys

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This episode is 2 minutes long.

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This episode was published on April 5, 2016.

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