{"id":21609,"date":"2024-02-26T07:30:45","date_gmt":"2024-02-26T12:30:45","guid":{"rendered":"https:\/\/www.jeffclarktrader.com\/?p=21609"},"modified":"2024-02-26T07:30:45","modified_gmt":"2024-02-26T12:30:45","slug":"a-harsh-truth-for-traders","status":"publish","type":"post","link":"https:\/\/jeffclarktrader.com\/market-minute\/a-harsh-truth-for-traders\/","title":{"rendered":"A Harsh Truth for Traders"},"content":{"rendered":"<p>Being a contrarian is a trait almost every successful trader shares.<\/p>\n<p>If you want to consistently get into good trades, you have to be willing to buy when others are selling.<\/p>\n<p>And on the other hand, you have to be willing to sell when others are buying.<\/p>\n<p>The problem is&hellip; being a contrarian is easy.<\/p>\n<p>Being a contrarian at the <em>right time<\/em> is really difficult.<\/p>\n<h2 style=\"text-align: center\">A Harsh Truth<\/h2>\n<p>As traders, timing is important. I&rsquo;m not talking about selling the very top or buying the exact bottom.<\/p>\n<p>When I say timing is important, it means that we have to accept a harsh truth when it comes to trading.<\/p>\n<p>That truth is, if you want to trade the biggest winners, by definition you have to get into the trade a little bit early.<\/p>\n<p>The best trades are the ones most people haven&rsquo;t yet bought or sold.<\/p>\n<p>If everyone thinks a stock is going to go shooting up, there&rsquo;ll be a rush to buy it. By the time you get your chance to buy the stock, it might be too late.<\/p>\n<p>The stock could have already made its big move&hellip; leaving you holding the bag as everyone else takes their profits.<\/p>\n<p>But most traders struggle with being early to a trade. They want immediate gratification. If the trade doesn&rsquo;t start going their way right away, they start getting frustrated.<\/p>\n<p>This can lead to a trader exiting a great position at the wrong time.<\/p>\n<p><!--GREY BOX START--><\/p>\n<div class=\"card bg-light mb-4\">\n<div class=\"card-body\">\n<p align=\"center\" style=\"font-size: 18px;\"><strong>Free Trading Resources<\/strong><\/p>\n<p>Have you checked out Jeff&#8217;s free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career \u2013 at zero cost to you. Just <a href=\"https:\/\/www.jeffclarktrader.com\/\" target=\"_blank\" rel=\"noopener\">click here<\/a> to check it out.<\/p>\n<\/p><\/div>\n<\/div>\n<p><!--GREY BOX END--><\/p>\n<h2 style=\"text-align: center\">Plan Your Trade, and Trade Your Plan<\/h2>\n<p>Have you ever gotten out of a trade after a few days where the market hasn&rsquo;t moved much at all?<\/p>\n<p>And when the market ends up doing exactly what you thought it would do in the first place, it can be extremely frustrating.<\/p>\n<p>That&rsquo;s why having a plan for your trades before you take a position is crucial.<\/p>\n<p>By planning your trades and trading your plan, you&rsquo;re going to stack the deck in your favor.<\/p>\n<p>If you know ahead of time that you&rsquo;re probably a bit too early to the trade, then you won&rsquo;t get shaken out when the market needs a day or two to get moving.<\/p>\n<p>Happy trading,<\/p>\n<p style=\"-ms-text-size-adjust: none; -webkit-text-size-adjust: none; font-family: Arial,sans-serif;font-size:17px; line-height:24px; margin-bottom: 15px;\"><img decoding=\"async\" alt=\"Signature\" src=\"https:\/\/files.jeffclarktrader.com\/global\/signatures\/imre-gams-signature.png\" width=\"140\" style=\"max-width:140px; width:100%;\" \/><\/p>\n<p>Imre Gams<br \/>Analyst,<em> Market Minute<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Being a contrarian is a trait almost every successful trader shares.<\/p>\n","protected":false},"author":55,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"service":"","footnotes":""},"categories":[1],"tags":[],"publication":[10],"person":[76],"newsletter-type":[],"ticker":[],"class_list":["post-21609","post","type-post","status-publish","format-standard","hentry","category-market-minute","publication-market-minute","person-imre-gams"],"acf":[],"_links":{"self":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/21609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/comments?post=21609"}],"version-history":[{"count":0,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/21609\/revisions"}],"wp:attachment":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/media?parent=21609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/categories?post=21609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/tags?post=21609"},{"taxonomy":"publication","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/publication?post=21609"},{"taxonomy":"person","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/person?post=21609"},{"taxonomy":"newsletter-type","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/newsletter-type?post=21609"},{"taxonomy":"ticker","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/ticker?post=21609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}