Last night, I was scrolling through twitter, like I often do, and I came across a FinTwit account with a catchy name.
When I hovered over the account name to see how many followers the account had, I was astonished to see that there were 189,000 followers. Who knows if these numbers are real or not?
Anyway, when clicked on the account, my initial impression was about what I expected:
- Flashy graphics to go along with the catchy name
- Proclamation that the account owner is a trading EXPERT the Bio section
- TONS of trade ideas
And you know what else?
NOTHING.
- No education or guidance to support the idea
- No trade plan
- No intra-trade management
Folks, that’s not only sad, it’s dangerous!!!
I also found it interesting that as I scrolled through, NONE of the past ideas (we’re talking like 60 of them) were losers.
I hate to break it to you folks, but that’s practically impossible.
Cherry-picked trades that come with LOTS of bells and whistles are what has become so dangerous about today’s market.
There are SO many self-proclaimed market experts with FAR more design knowledge than market knowledge who do nothing but feed retail FOMO.
Greed is omnipresent in trading, and sadly these flashy accounts often cause inexperienced traders to put their faith in them.
Sure this may work in a bull market, but by now you’ve probably learned that bear markets without Fed support are a totally different animal.
- I’ve been a trader and educator for over 20 years
- I also have an economics degree
- Plus, I have built one of the most popular financial literacy and day trading companies in existence
Believe me when I tell you that this form of trading is NOT the way to progress.
You may learn through the school of hard knocks, but by the time that happens you might just be WIPED OUT!
And if you are looking to trade options?
Well, that’s an entirely different ballgame.
Why?
Because, in addition to managing market moves, options traders have to manage the GREEKS.
The leverage gained by options is intoxicating, I know it.
Heck, just this week my Bullseye Trade idea moved 200% vs. a 32% rise in the underlying stock.
Here’s the play-by-play.
As is often the case, this was a REAL-MONEY trade that I traded in my own account:
At the start of this week, I provided my Bullseye Unlimited members, many of whom are enjoying this service for just $7, with the usual Monday morning pre-market trade plan:
I then monitored the Bullseye Trade messaging platform to see if members need any sort of assistance or if they just want to chat:
I then provided IMMEDIATE app alerts to tell my members when I was exiting portions of the trade…
Folks, this level of service, guidance, and dedication for just $7!!!
YOU DO NOT LAST AS A BUSINESS DOING WHAT WE DO HERE AT RAGINGBULL UNLESS YOU ARE PROVIDING SOLID, CONSISTENT SERVICE LIKE THIS.
If you want to trust a great graphic designer, video editor, and storyteller with your money, you’re likely going to end up one of the HORDES of traders that fail in this business.
If you want to do it the other way? The right way?
Well, you’ve only got until the market opens tomorrow to get started for just $7.
To YOUR SUCCESS!!!
