How to avoid this trading pitfall 👊

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Happy weekend, almost!

Before the week is over, I want to share with you a quick lesson on how to avoid a common pitfall in trading.

Sometimes, you need to learn to avoid the temptation to pile into stocks that have the lure of easy money.  

Lately, that has meant buying tech stocks, right?

While this has been a great strategy for the last few months, you need to know when to go to the sidelines and avoid taking heavy losses when things turn south.

I saw this coming, and this week for my Bullseye Pick of the Week… I decided to look for a sector that money was actually flowing into.

I had a strong feeling this was not a week to be a cowboy, and try to get aggressive buying tech stocks (I’m glad I didn’t!).

I decided to play in the oil sector.  A sector that is notorious for dull, boring moves.

But I saw huge potential!

Of course, I shared all of my thoughts on why this could be a big winner this week with all of my premium Bullseye Trades members on Monday before the market even opened.  

Then, of course, I sent them an alert when I entered the trade…

And then Wednesday (two days later), I sold half of my position for a nice 100% profit:

And just like I hoped for, I was able to get an exit for 200% on the other half of the trade on Friday shortly after the market opened…

Overall, by sticking to my game plan from Monday, I was able to land on a single idea that completely crushed the market this week.

While most stocks rolled over, and saddled investors with heavy losses, I went against the trend looking for stocks outside of tech this week.

By doing this, I was able to smoothly navigate a choppy week with a whopping 150% profit, which put $5400 in fresh profit in my pocket. 💰

Here is a screenshot from my personal trading journal…

I am not going to say that trading is easy, but having my 20+ years of market insights in your corner can surely help you navigate this challenging world.

I always try to make things as simple as possible.

I communicate my ideas very clearly, and communicate with members all along the way so you know exactly what I am doing.

Could those app alerts above be any easier to understand?

Each week, Bullseye members receive my precise trade plan delivered to their inboxes on a silver-plated platter before the Market opens on Monday.  

This week, it looked like this:

My Trade Plan Details:

• ERX Mar 28 $63 calls near $1.40

• Stop: Close ERX below $59

• Target 1: $65

• Target 2: $68

Exact stock.  Exact option contracts I was looking to buy.  Exact price targets.

Along with my reasoning behind my pick. Here’s an excerpt:

“Oil stocks are a sector that has been in a “stealth rally” lately, and I don’t hear a lot of people talking about it, yet at least.”

And just look at the chart for ERX since Monday.  Nothing but moving in the right direction!

That kind of information each week can be gold for traders.

I doubt you will find many stocks in the market that performed like my pick did this week… 

Coming into this week, I had an excellent read on the market and knew it was time to avoid tech stocks.

I knew that sector rotation was likely to benefit oil stocks, which had already been in a solid uptrend.

When I saw ERX break above that resistance line, I knew it was time to take my shot on Monday.

2 days later… a 100% exit.

2 days after that… another 200%.

A very easy week of trading for me, and a great lesson for you to learn from as well.

If you took the time to filter out the noise and focus on one single idea, I think your trading would improve significantly. 

Now, are you going to let another week pass you by?

Will you continue struggling on your own, or will you make the move to join the best team in the business — Team Bullseye!

👉I just reopened enrollment in Bullseye Trades.

For a limited time, you can gain access to everything this program has to offer for just $47.

I am not going to leave this price up for long, so don’t delay.

CLICK HERE for details. 

Don’t let another Bullseye pass you by!!!

Jeff Bishop

P.S. This special offer is extremely limited. If you have been considering upgrading your trading, then now is the perfect time to get started.

More Great Trading Resources:

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