All Successful Traders Do This

Investors,

I have an extremely important lesson to share with you today: flexibility & humbleness.

Without these characteristics, I wouldn’t have been able to turn a -32% YTD loss into a +44% YTD gain, which requires a +112% return!

Yes, you read that correctly. Here’s the proof:

How did this happen?

Well, it’s simple really… I started the year extremely bearish based on my outlook for macroeconomic conditions, Federal Reserve policy, and the severe downtrend in the U.S. stock market. We had experienced multiple “bear market rallies” in 2022, which made me believe that price action in January & February 2023 was another “sucker’s rally”.

So my bearishness manifested in net short positions, expecting the market to fall.

It didn’t.

As the market rose higher, I shorted harder.

I ignored all of the positive developments taking place. I thought the market was being irrational. I said that valuations were going up too much, too fast. I did everything I could to justify why I was right and why the market was wrong.

And then I asked myself one simple question: