Mar 03 | Here's what to do after you've tried paper trading

Daily Trader Talk Newsletter
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Hey Trader,

So you took the plunge and started a paper trading demo account. Congrats on taking the first step into the exciting world of trading!

Not a lot of people make it this far.

In this video tutorial, Josh goes over what to do after you create a paper trading demo account.

Many new traders start a paper trading account and start trading with a ridiculous amount of fake money, see big results, but then are let down with the substantially smaller returns when they start trading with real money.

Check out Josh's video to find out why that happens and how to avoid it!

THE NEWS DESK

This phenomenon is hitting the Nasdaq hard today

Why these growth stocks could soon become a major bargain

GM extends production cuts thanks to ongoing chip shortage

Automakers are still feeling the pain thanks to the global chip shortage

The S&P 500 takes another hit as bond yields rise again

Rising inflation continues to loom over the market

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Spotting this blockbuster opportunity could land you big bucks

Current market activity has unlocked a massive new opportunity for the discerning trader with 50K of potential opportunity in the upcoming months.

On a recent live training, Joshua Martinez just revealed his blockbuster strategy, Destination Trader, that shows you exactly how you can tap into this opportunity and get in on the action.

Do not miss out on this once in a lifetime opportunity, click here to watch the replay now.

Hypothetical or Simulated Results

Our educational products rely upon hypothetical or simulated performance results. These results have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

WORDS TO TRADE BY

"Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are 'right' only 30% of the time, as long as our losses are small and our profits are large."

- Dennis Gartman

Don't sell at the first sign of profits; let winning trades run. And don't allow a losing trade to go off the rails. Investors who turn a profit from trading are OK with losing a little bit of money on a trade, but they're not OK with losing a ton of money.

Remember that you don't have to be right all of the time. What's important is to let a winning trade run and get out of a losing trade quickly. If you follow that rule, the money you make on the winning trades will far outpace the losing trades.


Keep Trading,

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