Happy Friday! We usually dive deep into a trading lesson at the end of the week but this week the lesson is to celebrate your wins. Trading can be tough and even great wins can seem to fade fast so it is really important to recognize when all of that hard work you have put into your trading is paying off.
It is easy to overlook a success by thinking you may have gotten more, or immediately looking for the next trade but taking pause to soak in the fact that you learned and implemented a strategy that produced income for you and your family helps reinforce positive habits. When positive trading trading practices become habits, you win more often and it will feel like it takes less work to bring in some gains.
Here is a great example of a win we looked at a couple weeks ago that really worked well. Here is the chart we posted and the example we provided:
You can read the article here, but this is what we wrote:
Let’s discuss a Call option trade for our example. If you bought one call option that covered 100 shares of QQQ for the 340 strike, it would cost about $4.09 for the June 16th expiration date. This would be an investment of $409. If the price rose the expected $6, you could expect to make approximately $3.00. This would be a $300 profit on your $409 investment, or 73% profit.
Here is the daily chart showing what happened next:
QQQ took off and the call trade would have offered a potential 108%. That is worth celebrating. but what is most important is that the time spent to understand how powerful Exponential Moving Averages can be paid off. And that will lead to more celebrations in the future.
We also talked about True Strength Index in an article that same week and it highlighted a potential 62% trade opportunity (check it out here). AND we covered the Commodity Channel Index (CCI) and that spotted a pattern that proceeded to a 95% gain opportunity. (read that one here)
I have been trading for a few years 🙂 but I have to tell you that I appreciate each win and take a moment to soak in the time it took to learn the technique that got me that win. No one wins every trade, but by reinforcing the good trading habits you can quickly shift your trading to more winners than losers.
Congrats to you on all of your hard work. Keep at it.
I wish you the very best,
Wendy
See Related Articles on TradeWinsDaily.com
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Leveraging Tech For The Biggest Potential Win
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Some profit examples are based on hypothetical or simulated trading. This means the trades are not actual trades and instead are hypothetical trades based on real market prices at the time the recommendation is disseminated. No actual money is invested, nor are any trades executed. Hypothetical or simulated performance is not necessarily indicative of future results. Hypothetical performance results have many inherent limitations, some of which are described below. Also, the hypothetical results do not include the costs of subscriptions, commissions, or other fees. Because the trades underlying these examples have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity. Wendy Kirkland makes no representations or warranties that any account will or is likely to achieve profits similar to those shown. No representation is being made that you will achieve profits or the same results as any person providing a testimonial. Testimonials relate to various other products offered by Wendy Kirkland and not the product offered here, but all of these products are based on Wendy Kirkland's system. Performance results of other products described in such testimonials may be materially different from results for the product being offered and may have been achieved before the product being offered was developed.
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