A Lesson Learned's Worth A Dollar Earned By Andrew Keene, Editor, Kings Corner |
Hey Kings, Life is all about learning lessons.
And the lessons that always stuck hardest with me were the ones I learned from losing money.
See, I HATE losing money. Especially losing money trading.
But as much as I hate losing my own money trading, that’s nothing compared to when my subscribers lose money following my ideas.
Of course, it happens. We make money overall, but that doesn’t mean we’ll never see losers.
Regardless, I try to minimize losses as much as possible.
That's why I said in this morning’s Trade Room that I won't take trades on stocks we've lost money on recently.
I've learned my lesson trading signals on bad stocks like SOFI, HOOD, and AAL.
Instead, I want to focus on signals we’ve had repeated success with — SHOP, DKNG, and LCID.
Here’s another lesson: I've noticed we have a lot of traders making money in the Trade Room lately, but more from scalping than holding longer positions. They get in, and get out quickly.
That might mean winning just 20% in 30 minutes or so, but a win is a win.
Triple-digit winners are still out there, too, as we saw last week in our LVS trade.
But in volatile market conditions like these, the lesson is to take profits where you can.
Get in, get out, and move to the next trade.
Well done to many of you in the Trade Room doing that exact thing.
Here's another lesson: Be smart with the watchlist and free trade idea I'm going to share with you.
Trade these more conservatively if you choose to, and take profits quickly when you get them. | 
| The bear market hasn’t stopped Andrew Keene from making money all year long.
And he doesn’t even need to short stocks…
Since February 15, Andrew has posted a win rate of 72% on closed positions...
Trading ONLY CALL OPTIONS in a bear market.
In the Trade Room, his followers have seen gains of 48%, 56%, and even 100% in as little as 15 minutes.
And they get as many as 10 day-trading ideas EACH DAY, hand-selected by Andrew himself.
Access to this coveted club just opened up for the first time ever. Now, you can follow along with Andrew every morning and watch your portfolio grow before lunchtime.
To hear more about this opportunity, click here. | The Kings Corner Weekly Watchlist We're seeing some buyers start to pour money into the market, with stocks up big today.
I think it's simply to take advantage of lower pricing and set up long-term gains.
But if the market does start to rally, here's what I like this week: - Advanced Micro Devices, Inc (AMD)
- ARK Innovation ETF (ARKK)
- Halliburton Company (HAL)
- Schlumberger NV (SLB)
My free trade idea is to:
Buy AMD October 14, 2022 $70 calls (for $1.09 at the time of writing).
Remember, we won’t be tracking this free trade idea on any online portfolio. So, if you take it, you’re on your own.
And in general, if this idea makes profits of 50% or more, you should consider getting out of it for a decent gain.
For those of you having success, go ahead and email me at TradeKings@banyanhill.com and tell me about it.
Let's have a great week! Happy trading,
Andrew Keene
Editor, Kings Corner | 
| Andrew Keene came close to losing it all … but he discovered something that in just two years, helped him earn back 10 TIMES more than he lost.
Now, in the midst of global chaos, he’s revealing his secret to the investing public, so they can sidestep inflation, protect their savings, and emerge on the other end unscathed. Click here for details. | 
Like what you’re reading? Have some feedback for us? Send your thoughts to KingsCorner@BanyanHill.com.
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