Two Essential Things Necessary to Achieve 10-Baggers in Your Portfolio

You have to plan for 10-baggers in your portfolio and position yourself tactically and psychologically.

Two things need to occur regularly:

1) big moves don't typically happen intraday

2) you have to believe that you are capable of doing it emotionally and psychologically

Tactically speaking, you need to let time and money work for you for best results. A 10-bagger has to have been a 4-bagger first. Don't cut the 4-baggers at the knees. Place a trailing sell stop order and let the trend continue (if long). Don't impose your will on the trend.

Sit on your hands and let the market forces work for you.

Think in terms of percentages and not dollars. If you risk 0.50% per trade and it's a 10-bagger, you'll add 5% to your overall portfolio. What will that do to your Incentive Fees?

If you're smartly abandoning day trading (smart move), you need to find a better way to deal with the discomfort that you feel when you don't take short-term winners at the end of the day or before the weekend.

What is the discomfort trying to teach you? For each of us it's different.

nwiUllingness to feel the discomfort in your trading is also denying the the feeling of what you'd feel by having a 10-bagger in your portfolio.

In other words, the feeling of having a 10-bagger is on THE OTHER SIDE of not taking short-term profits.

Why don't you want to feel the feelings around getting a 10-bagger? Aren't you worth it? I think you are...you are willing to do the work - you might as well get paid as much as you can for it.

You can release that discomfort in yoga class or in your Trading Tribe - and replace the satisfaction you get and not sabotage your trading and still get to feel the feeling that you seem to want to have (because you're seeking it everyday - you must love it, unless you're a masochist.)