My top 7 trading mistakes

Good morning,

With the markets closed today, I wanted to share 7 things that, when I do them, I often lose money fast.

By keeping this list in front of me daily, I’m less likely to slip into bad habits, and more likely to grow my account.

#1 — Trading without a blueprint:

Options or stocks? Long or short? Portfolio allocation? Profit goal and stop loss? Fundamentals or technical analysis? All of these must be decided and defined before placing a trade. This is what I’ve done for members of the $2,000 Small Account Journey where I teach subscribers how I try to grow $2,000 balances trading low-priced options. Here’s how the current challenge is going. This service only costs $247 monthly to get the blueprint or save 50% on a yearly subscription. Click here to learn more.

#2 — Trading without a journal:

Wednesday I crushed it in my other $2,000 balance, which is currently up to $51,291 or 2,465%. I went 6 for 6 in that challenge balance with wins ranging from 10-38% and $4,280 in realized profit. But outside of Small Account Journey I also trade small-cap momentum in Jason Bond Picks and finished the day red because of this loss, which exceeded my -10% stop loss rule. By uploading all of my trades to a journal I’m better able to see what I’m doing well and where I’m making mistakes. Nobody likes to talk about losing trades, but sweeping them under the rug fixes nothing. When I journal, I tend to improve. What gets measured gets managed.

This win on KAVL Wednesday is what it should look like. By journaling all of my trades I can go back, on a day like today where the market is closed, and compare chart patterns, catalysts, and what I did wrong and right. This is how you improve. My wins in this service should be 10-30% and my losses should be 5-10%. I took too big a loss on MLGO and had too much size. The pattern on MLGO was weak compared to a strong pattern and catalyst on KAVL. I had appropriate size on KAVL and hit my goal.

#3 — Overtrade, or trade way too frequently. Under-trade, or trade one or two solid setups each day or each week.

#4 — Use too tight stops (fear of loss is so strong that I don’t even give the trade a chance to work out. Use wider stops, to stay outside the market noise.

#5 — Trade with too much leverage; far better off trading smaller size. Trade with appropriate leverage based on the blueprint, which is how I’m able to use wider stops.

#6 — Have one big loss that wipes out a big chunk of the account. Never have a big losing trade; it really can be that simple.

#7 — Trading without an edge. It’s very easy to gamble as a trader. The main part of a blueprint is the edge my strategy provides. If my strategy provides and edge, then all I need to do is deploy it correctly, over enough trades, to grow the balance. It’s easy to drift from one strategy to another, never quite doing anything well.

The reason my $2,000 Small Account Journey strategy is so effective is because I’ve clearly defined my edge, the blueprint, and how I deploy it.

If you’d like the blueprint, simply subscribe and I’ll mail it to you. It’s only $247 monthly to subscribe and you can cancel billing at anytime — though I imagine you’re going to like it. Come learn how I try to grow $2,000 balances.

Sincerely,

Jason Bond

I want to point out that I cannot speak for my members’ performance, as results may not be typical and trading is HARD. And I cannot guarantee you will make money. But what I can guarantee is that I will work my BUTT OFF to teach you WHY I trade WHAT I trade.