3 Rules for Speculating

Even income investors won't turn down a quick profit...‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

SPONSORED Do NOT Flip Houses... Start Collecting Real Estate Income With as Little as $50 This is the easiest way to start collecting real estate income. You could be looking at 5X to 10X your money in the coming years! Here's how. Wednesday Wealth Recap If you're a typical investor, you've probably made the mistake of buying stocks impulsively or selling in a panic. These hurried decisions tend to hurt your performance. Alexander Green was reminded of that on the golf course last week. If you invest in an index fund, you'll match the market. But if you invest in a moonshot, you could make 100 times your money. So Nicholas Vardy wants to know: Which strategy is better? The cannabis industry is growing at an explosive rate. It's created thousands of new jobs and billions of dollars in sales. And all the most powerful institutional investors are getting in. Chief Trends Strategist Matthew Carr explains what this means for cannabis investors. Note from Managing Editor Allison Brickell: In today's article, Chief Income Strategist Marc Lichtenfeld explains the principles behind smart speculation - taking on a calculated risk to achieve higher profits. This is the philosophy behind some of the biggest wins in trading, from options to small caps to even crypto. In fact, right now Marc has his eye on one stock that offers exposure to 36 opportunities in crypto. This stock can benefit from the rise of digital currencies while posing less risk to investors than individual coins do. He says it's the perfect smart speculation play for this wild market. Click here to learn more. THE SHORTEST WAY TO A RICH LIFE The Right Way to Speculate Marc Lichtenfeld | Chief Income Strategist | The Oxford Club I'm the dividend and income guy - which means I loudly profess taking deliberate steps that slowly build your wealth and income. I love it. After having done it in my own portfolio for 30 years, I can tell you that I still get a thrill every month when I look at my statements and see how much income is coming in. But I recognize that dividend income doesn't get the adrenaline going or release dopamine in the brain for some people. And you know what? I love the excitement and profits of trading too. Turning a quick profit is an incredible feeling. There's nothing like turning $500 into a quick $1,000 - or when your profit represents something tangible, like a mortgage or rent payment. As fun as a winning trade can be, a losing trade can be not only deflating but devastating if the loss is too large. So when speculating, you want to make sure you're doing it the right way. SPONSORED Are You Ready for Stockflation? This unstoppable force is going to shake the market... Is your retirement portfolio prepared? Get Ready Now - See How Here are three things you can do to make sure you don't let all of your hard work from investing and trading go down the tubes because of a momentary lapse in judgment... Use stops. When you're speculating, it's easy to let your emotions control your decision making. That's the worst thing you can do. Setting stops provides you with an exit strategy when you enter the trade. It ensures your emotions don't take over and wreck your portfolio because you couldn't pull the trigger and sell a loser early. Stops will also allow you to hang on to profits when the trade turns around so you don't let a winner become a loser. Know why you entered the trade. Traders have all kinds of strategies for entering a trade. Their entries could be based on fundamentals, technicals, something they observe at the mall... Whatever it is, if things change, it's time to exit. If you entered a trade because a technical indicator suggested the stock was going higher and instead it falls, you need to get out. No hanging around thinking, "Well, earnings are coming out and I like the company..." That's not why you entered the trade. If your initial reasons aren't working, exit the position. Don't allocate too much capital to any one position. If you're losing sleep over a position or are stressed out about it, you put too much money into the trade. The Oxford Club recommends that you put no more than 4% of your capital into any one trade. That way, if you get stopped out with a 25% loss (our recommended initial trailing stop), you've lost only 1% of your capital, which is not difficult to make back. Whether you're trading small cap stocks, options or cryptocurrencies, trading can be lucrative and fun. The good news is that it's fairly simple to take the proper steps to protect your portfolio and your stress level. Good investing, Marc P.S. Want to get started with smart speculation but unsure how to begin? Start with the $30 crypto stock that I believe every American should own. It's just the opportunity to get your feet wet without fumbling with a digital wallet or subjecting yourself to Bitcoin's notorious volatility. Click here for all the details. Leave a Comment JOIN THE CONVERSATION Facebook Twitter Email Share MORE FROM LIBERTY THROUGH WEALTH Two Investment Strategies: Market vs. Moonshot The Man Who Almost Killed Bob Rotella What "Free" Government Costs Workers and Investors SPONSORED Look at What Obama Is Up to Now! On June 16, 2021, Obama will get his last laugh. That's when a group of his hand-picked cronies may single-handedly bring this market to a sudden and destructive end. To continue reading, click here. You are receiving this email because you subscribed to Liberty Through Wealth. Liberty Through Wealth is published by The Oxford Club. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. Privacy Policy | Whitelist Liberty Through Wealth | Unsubscribe © 2021 The Oxford Club, LLC All Rights Reserved The Oxford Club | 105 West Monument Street | Baltimore, MD 21201 North America: 1.800.589.3430 | International: +1.443.353.4334 | Fax: 1.410.329.1923 Oxfordclub.com The Oxford Club is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that although our track record is highly rated by an independent analysis and has been legally reviewed, investment markets have inherent risks and there can be no guarantee of future profits. The stated returns may also include option trades. We expressly forbid our writers from having a financial interest in their own securities recommendations to readers. 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