I mentioned to you how there will be plenty of money-making opportunities very soon, given all the market-moving catalysts on the table.
Of course, as a trader, it can get tough and overwhelming when you see all these stocks move so fast…
It’s that deer in the headlights moment, and if you freeze… there are two things that can happen:
- You miss out on the trade, which is completely fine because there are other opportunities.
- You get too emotional about missing out on an opportunity, have the fear of missing out (FOMO) because the stock can run higher…
- You chase the stock down and slam into shares, only to watch the stock puke and go against you.
Case in point, Luminar Technologies (LAZR), formerly Gores Metropoulos (GMHI). The stock is a SPAC and some traders bought at $24 and change, and it just dropped right after that. Chasing stocks can be a dangerous game.
Listen, if that’s happened to you before…
Don’t beat yourself up because I believe I have the perfect solution — being part of a trading team or community can help.
It’s what all of Wall Street does, so why shouldn’t you?
So let me tell you about the benefits of having a group of traders you can talk to.
The Benefits Of Team Trading
Have you ever wondered why all the hedge funds, prop shops, investment banks, and other trading firms have an army of traders?
It’s because when there are more sets of eyes on the market, that means those trading desks can actually make more money.
You see, the first step in trading is idea generation. Without any trade ideas, how can one possibly make money?
It’s nearly impossible.
So when there are multiple traders in a community or team constantly watching the market, they can point you in the right direction and show you where they see the opportunities.
For example, let’s say you’re used to trading large-cap stocks and options.
That means you’re missing out on the other opportunities in the small-cap space. If you were part of a team or community, there would be some traders (such as myself) to show you what they see in small-caps.
Today, I noticed some interesting trade ideas in some of the top movers on my scanner.
Right now, small-caps have been hot, and that’s been one of my main focuses.
Of course, there are other plays on my radar.
With all the major market catalysts on the table right now, I’ve uncovered three sectors I believe can offer explosive opportunities.
2021 is right around the corner, do you really want to head into the year unprepared?
That’s right, you don’t.