Howdy, traders. It’s Bryce back at ya.

Happy Thursday. Let’s talk about the crazy breakouts we’ve seen lately. It feels like tickers are turning into fireworks with all these blow-off tops on repeat. Yowza. 

If you missed some of the biggest moves, you might be kicking yourself. Maybe you’re feeling like you’re not a “real trader” if you can’t catch these moves. 

I’m here to tell you that’s baloney. And not only is it not true, but that kind of negativity can also get in the way of nailing the setups that are right for you.

I had an issue with my broker that caused me to miss some serious movers but in the end, I remembered some priceless lessons. Learning these truths is what got me to the almost-a-millionaire point I’m at today!

Fret not, Trader, You’re Still in the Game

I’m not gonna lie. I was a little frustrated when I opened up my trading account and saw my broker’s message: “No opening orders can be accepted at this time.” 

As traders, we like to be in control. We put so much time, energy, and prep time waiting for our chance to sniper the best trades. That can make us feel extra low if we miss or mess up a great opportunity. But here’s why we shouldn’t let a miss get us down…

#1 – Trading Mega-Movers is a High Octane Sport

Look, I love the thrill of the chase every bit as much as the next trader but the truth is, sometimes that adrenaline high can mess you up as a trader. When your emotions are running high, it can override your better judgment and lead to FOMO or rage trading.

You get mad that you missed your entry point and then you take revenge on the ticker (actually, it’s on yourself) by jumping in too late and willing it to go higher. If you feel angry when you’re about to enter a trade, don’t enter a trade! Wait until you’ve cooled off to get back in the game. 

#2 – Singles Add Up Over Time

This is something my first mentor, Tim Sykes, likes to say a lot … and it’s true. We all want the high of a huge win. It feels great to move the needle in no time at all. But the reality is that if you’re going to build a consistently profitable account, you have to take what the market gives you. And sometimes, that’s a string of small wins. 

If you’re doing this as a side hustle, why would you expect it to be any easier than your day job? It’s already more fun, comes with less boss/coworker drama, and is something you can do from anywhere. Don’t be greedy, be grateful. And before you know it, your gains could add up like mine did, and the 20+ millionaire traders in the Millionaire Challenge. 

#3 – Focus on What You Have, Not What You Could Have

Goals are tricky things. You want to have big dreams and big ambitions. I certainly do. But when it comes time to actually execute on them, the day-to-day stuff is usually more even-keeled, and that’s healthy. 

I poked fun at myself recently on YouTube (thank you for helping us reach 100,000 subscribers by the way!) about a trade I missed. It was Qurate Retail Inc Series B (NASDAQ: QRTEB). Had I traded it, I would’ve entered around $5 and then exited with a decent gain at $6.50. There’s nothing I love more than a $1+ per share gain on a small-cap stock. 

The thing is, it jumped to $21.93. And yeah, that would’ve hurt. But it shouldn’t. Because FOMO can wreck you as a trader if you don’t keep it in check. So brush it off and get back in the game! Be grateful for your green days and more will likely come very soon. 

Conclusion

Trading is a serious sport. We all want to win the championship in a matter of days or weeks. But the best athletes spend months and years in training and competition before they achieve the big kahuna of wins. 

The journey makes the victory that much sweeter. The greatest tragedy in sports and in trading is when a player drops out way too soon. 

I’m here to help you reach your true potential, with mentoring, moral support, and a community of traders. Join us over in Small Cap Rockets for some real-time fun, lessons, and support.