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Over the 64 trades in the model portfolio – 71.88% were profitable.

Velocity Trader

Petra Picks PLATINUM Strategy | Misconceptions That Hold Traders Back

The first half of 2019 is almost behind us.

Have you reached your trading goals?

If you haven’t, don’t be discouraged. Success in trading is a marathon, not a sprint.

I didn’t take trading seriously until I was 50…

However, I have since gone on and made more than $2M in trading profits.

And while I can’t guarantee you’ll have the same type of success as me, when you become a client, I can assure you that I will try my best to help you cut out mistakes and develop winning strategies for consistent and smooth returns.

And you know what else?

  • You don’t need to trade every day to make substantial gains in the market.
  • You don’t need a large trading account to get started.
  • You don’t need to go after home run trades to make life-changing profits.

And most importantly, you don’t have to put all your eggs in one basket when it comes to your trading.

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(I’m with you every step of the way when you become a client, ready to take the next step? Click here to get started)

If you’ve read or heard the opposite somewhere else… I’m sorry… but you’ve been lied to.

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Now, a lot of traders in Petra Picks talked about having small accounts the other day… and how you need to take on a lot of risk to make money in the markets…

… well, that’s the wrong mindset to have when you’re trading stocks.

They think just because they max out their trading accounts and place a large bet… they’ll magically make money.

Heck, even some financial advisors think the same way.

During the financial crisis… I had a financial advisor who managed my money… and I found out my account was down to half its value and they didn’t properly manage risk.

They tried to put all my money to work on some stocks… thinking they’ll all be winners and get a cut of the returns.

Well, I decided to take matters into my own hands.

Once I figured out how to trade, I realized I don’t always have to put my money to work… and I could just place a handful of trades on, only allocating a portion of my account to them…

… and that’s one of the ways I was able to make $2M in trading profits after my financial advisor loss 50% of my account.

You see, you don’t have to put all your eggs into one basket to make money…

… but some traders still think you need to put your account on the line… sometimes in just one stock to make money.

When you actually put all your chips in on one trade… you can ruin your trading account really fast.

Think about it like this… what happens if you maxed out your account on one trade… and the stock releases some news, and it tanks?

Well, your account could be ruined… and it’ll be extremely difficult for you to crawl out of the hole you dug.

Putting all your money into one stock is just one of the ways that place you at a disadvantage… because you’re not properly controlling your risk.

Ever heard the word diversification?

Well, if you don’t know what that is… it’s simply allocating a small portion of your account to your best ideas. That way, if one of your trades works out… it’s okay.

Basically, what I like to do is never risk more than 2% of my total account on any one trade.

You might be thinking, Petra, does that mean you have dozens of trades on at all times?

No, I primarily look for stocks with my best chart setups… develop a trading plan… and then only buy when it gets to my entry zone.

Thereafter, I’ll place orders to stop out and take profits… and that’s just one of the many ways I use to properly risk manage my account.

The easiest rule I set for myself was to never risk more than 2% of my account on any one trade.

The 2% Rule

There’s a simple way to approach risk management.

For example, using our 2% rule… let’s say you have a $5,000 account… and notice this pattern in Perspecta (PRSP).

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Well, let’s say you want to buy the stock anywhere between $22.75 and $23.25…

In this scenario, what someone who knows how to control their risk would do is buy 25 to 50 shares in between their buy zone (let’s say they buy at $22.85).

If they buy 40 shares at $2285 (that would cost around $914)… and places their stop at $22.35… so if it goes against them and stop out at $22.35… they would only lose less than 1% of their total account.

Even if the stock gaps down 10%, they would just lose ~1.8% of their account.

That’s what we’d consider good “risk control”… and it’s one of the first building blocks to understand when you’re trading stocks or options.

Some traders even think you have to have a large account to make money.

You Don’t Need A Large Account to Make Money in the Markets

Heather McNevin (a moderator at Petra Picks) actually showed clients how you don’t need a large account to beat the market.

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For example, Heather has a small account (around $7K when she first started trading with it)… and has grown it by 25%.

One of the most important factors that helped her achieve that was controlling her risk and focusing on profits, as well as:

  • Developing trading knowledge.
  • Remaining patient (only hitting her best setups).
  • Keeping emotions in check.
  • Planning trades.
  • Journaling and reviewing.

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Now, she actually goes over this in an exclusive video (only available to Petra Picks clients).

Author John GladstonPosted on June 24, 2019Categories Petra PicksTags Petra Hess, Petra Hess Fraud, Petra Hess Review, Petra Picks, Petra Picks Complaints, Petra Picks Fraud, Petra Picks Gold, Petra Picks Gold Member, Petra Picks Gold Membership, Petra Picks Gold Review, Petra Picks Gold Reviews, Petra Picks Gold Scam, Petra Picks Login, Petra Picks Platinium, Petra Picks Platinium Membership, Petra Picks Platinium Review, Petra Picks Platinium Reviews, Petra Picks Platinium Scam, Petra Picks Refund, Petra Picks Review, Petra Picks Reviews, Petra Picks Scam, Petra Picks Trading System, Petra Picks Trading System Complaints, Petra Picks Trading System Fraud, Petra Picks Trading System Login, Petra Picks Trading System Refund, Petra Picks Trading System Results, Petra Picks Trading System Review, Petra Picks Trading System Reviews, Petra Picks Trading System Scam, Petra Picks Trading System Website, Petra Picks Tranquil Trading, Petra Picks Tranquil Trading Review, Petra Picks Tranquil Trading Reviews, Petra Picks Tranquil Trading Scam, Petra Picks Website

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