Sometimes, selling seems to be the hardest action in trading.
There’s no way to make a profit without selling — but nearly all traders struggle with it.
We’ve all been there: the trade that you hope will come back (but you know is a goner). The winner you love so much you can’t part with it. It’s hard-wired into the human psyche, but…
Failing to sell a position all but guarantees losing trades
In early 2000, I was holding onto a position in CSCO that I just LOVED. I had bought it in early 1999, after Cisco had doubled from basically $10 to $20 the year before. People thought I was nuts, buying a stock that had already doubled. Then it went to an all-time high of $82 in March 2000. I was the smartest trader who ever lived. Until it fell back to Earth as the Internet bubble burst, and stayed around $20 for the last 10 years. We have all had our “Cisco’s” — the one we should have sold, but didn’t.
I learned my lesson the hard way. Maybe you have too. But have you learned the RIGHT lesson? How do you keep it from happening again?
This new eBook summarizes more than 15 years of “learning it the hard way”. My hope is that it helps you learn it the easy way.
In addition to learning how to sell that stock…
You’ll also be notified when there’s new stuff you might like. We’re dedicated to helping you become a better trader. Really. We’ll tell you when:
- we release new educational articles
- when there’s another eBook you might like
- when we have one of our raved-about webinars.
…and market commentary that just tells it like it is — no TV talking head nonsense.
We know there’s a lot of crap out there
But after all these years, I just felt compelled to “do it myself”. I always felt differently about how things “ought to be done”. Letting the work (and the trades) speak for themselves. Not being flashy, or even big. Just helpful, available, and hardworking for my subscribers.
And we’re committed to giving you the best stuff we have. Every time we hit “send” — or we won’t send it. We all have enough spam and garbage to deal with.
That’s all well and good, right? But I just realized, I didn’t introduce myself. No flowery stuff. Here’s my background.
I’m Bob Lang. I founded Explosive Options because I have been writing market commentary and trading for other people for a very long time:
- In the 1990′s I managed the Sunkist Growers pension fund of >$300 million
- Founded Aztec Partners, LP for managed accounts
- Commentator/Contributor at CBOE.com
- Contributor at RealMoney, TheStreet.com, and TheStreet’s Options Profits sites
- Contributor to MrTopStep.com
- Contributor for many years to BigTrends
- Commentator at GreenFaucet.com
Simple. Enter your info below to get the eBook “The Art of Selling”. See if it’s helpful, and let me know what you think.
What happens after you put your email in above? Simple.
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Of course, I’m never going to rent, sell, or otherwise share the information I’m collecting here. I hate spam as much as you do. And if you decide the content isn’t for you, there’s an instant “unsubscribe” link at the bottom of every single message.
The active trader has to be prepared to deal, soberly, with both wins and losses. While everyone would agree that winning is better, losing is a part of life, so, we have to maintain focus and avoid putting ourselves on an emotional roller-coaster. Stay focused. Be comforted to know that when you have a gifted financial analyst like Bob Lang in your corner, that the long-term odds are probably on your side. (Mark O.)