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A 6-Figure Trader Shares His Biggest Short Selling Mistake
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Jack Kellogg started his trading journey by studying and saving. He discovered his preferred niche after taking notes from both Tim Grittani and Mike Hudson (aka Huddie). But every trading journey has its ups … and downs. Tune in to learn about Jack’s biggest short selling mistake.
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Jack started his trading journey in 2017. He was learning from Tim Grittani while working a valet job to save up trading capital. When he reached about $20K in profits, he knew with just $10K more he could avoid the PDT.
He was starting to find his hustle.
Toward the end of the year, he discovered Huddie. Like Grittani, Huddie was shorting stocks on the green-to-red move. Jack recognized this setup from his studies...
After a year of working, saving, and studying … Jack was ready to jump right in and start short selling. And at first, he was profiting consistently. He was more than prepared. Each month that passed, his small gains kept adding up.
In April, he had his best month yet — and a new goal in mind. He set out to have a $10K month. Was it possible? Sure. He was doing everything right. But he wanted to do better.
He started with a $300 risk and blew right through it. He didn’t cut his losses quickly — instead his emotions took over. Jack broke the number-one rule in short selling: NEVER add to a loser.
And not only was he losing at double the rate, but he was also trying to justify it. Tune in to get the full details of Jack’s huge loss.
This is a key trading lesson, whether you’re long or short biased.
When a trade goes wrong, don’t let your emotions take over. It’s important to think of the situation as analytically as possible. Always have a trading plan, stick to it, and cut your losses ASAP.
[**Please note these results are not typical. Jack has exceptional knowledge and skills he’s developed with time and dedication. Most traders lose money. Trading is risky. Do your due diligence and never risk more than you can afford.]
#StocksToTrade #ShortSelling #TradingMistakes
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
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