The Word on Investing

Why Letting Go of Bad Trades is the Key to Achieving Trading Success


Listen Later

Experienced traders know this: Sometimes trades go against you. 

 

It’s going to happen. And it’s normal.

 

But here’s the thing you need to know: You only need to get 5 or 6 trades out of 10 right to win in order to be profitable, and to have the potential to change your life financially.

 

The key to becoming profitable isn’t to have every trade go perfectly.

 

It’s to win big and lose small. 

 

And a good rule of thumb to shoot for is making a 30%+ return on a trade when it works, and only losing 8-10% at the most if the trade doesn’t work.

 

If you want to learn more about how to maximize your gains and minimize your losses, join us for the next Unlock the Stock Market Challenge, where we’ll teach you the foundations of trading in just five days.

 

📈 Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge

 

💸 Free Masterclass - Stock Trading: The New Gold Rush: https://www.tradeway.com/masterclass

 

📲 Book a call - https://www.tradeway.com/call

 

✅ Subscribe to our YouTube channel: https://www.youtube.com/@TRADEway

 

🎙️Subscribe to The Word on Investing Podcast wherever you get your podcasts

 

...more
View all episodesView all episodes
Download on the App Store

The Word on InvestingBy TRADEway

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

84 ratings


More shows like The Word on Investing

View all
Mad Money w/ Jim Cramer by CNBC

Mad Money w/ Jim Cramer

4,085 Listeners

Joyce Meyer Enjoying Everyday Life® Radio Podcast by Joyce Meyer

Joyce Meyer Enjoying Everyday Life® Radio Podcast

9,493 Listeners

FamilyLife Today® by FamilyLife Podcast Network

FamilyLife Today®

1,695 Listeners

Focus on the Family with Jim Daly by Focus on the Family

Focus on the Family with Jim Daly

4,793 Listeners

Ask Pastor John by Desiring God

Ask Pastor John

3,896 Listeners

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

3,854 Listeners

Rabbi Daniel Lapin by Blaze Podcast Network

Rabbi Daniel Lapin

842 Listeners

Bedros Keuilian Podcast Show by Bedros Keuilian

Bedros Keuilian Podcast Show

2,248 Listeners

I Don't Have Enough FAITH to Be an ATHEIST by Dr. Frank Turek

I Don't Have Enough FAITH to Be an ATHEIST

5,078 Listeners

Maxwell Leadership Podcast by John Maxwell

Maxwell Leadership Podcast

2,460 Listeners

The Charlie Kirk Show by Charlie Kirk

The Charlie Kirk Show

49,268 Listeners

Blurry Creatures by Blurry Creatures

Blurry Creatures

4,861 Listeners

Wealthion - Be Financially Resilient by Wealthion

Wealthion - Be Financially Resilient

383 Listeners

The Pour Over by The Pour Over

The Pour Over

3,895 Listeners

B.O.S.S. Moves Podcast by Myron Golden

B.O.S.S. Moves Podcast

108 Listeners