Key Takeaways
- Don’t necessarily expect another crazy trading year…
- Keep your eyes on the prize…
- Get your size in order…
Hey, all. Matt here!
The new year is rolling soon, and it’s a perfect time to talk trading tips…
Bryce and I have four tips that will hopefully help you all hit the ground running in 2022.
Here we go!
Matt’s Tips
Here’s a peek into my market mindset heading into 2022…
Don’t Expect 2020–2021
The market basically rocketed up for the past two years. I wouldn’t expect that again in 2022.
I’m grateful for all the hot action. I made so many strides as a trader in the past two years. But it was slower markets from previous years that prepared me for success…
It’s awesome to have so many opportunities to make money. But the market’s changing. Things could be slow, choppy, and weird for a while.
This doesn’t mean there won’t be opportunities … You just have to get better at finding them!
Focus on Your Strengths
There’s no one-size-fits-all trading strategy. You have to find what suits your risk tolerance and overall interest.
Know what you like to trade, from assets (like crypto) to specific sectors, stocks, and patterns. You must nail these specifics down.
It’s not a bad idea to take ideas and inspiration from your favorite traders. But we lose, too. We want you to become a self-sufficient trader.
Brand-new Career Announcement from Tim Sykes
For the first time in 20 years… I’m doing something I’ve never done before.
It’s NOT a subscription…
It’s NOT a new trading strategy…
It’s NOT a hot tip…
And it’s NOT a scanning software…
It’s a short, critical video to watch if you’re currently trading in the stock market. And, I’m giving away something free worth about $3,000, too.
Tim Grittani saw a lot of success in 2019 by doing his own thing — even though, for some, it was a terrible market. That’s because he locked in on his style and strategy.
So don’t just follow suit. Figure out what works for you!
Bryce’s Tips
Hey, y’all! Here are a couple of tips I have heading into 2022…
Focus on Size
This is something I’ve discussed a lot lately. Position size is a big focus for me.
Trading the right is HUGELY important. When the market’s hot, trading too small can mean leaving gains on the table.
But if things are slow, it could mean giving money back to the market. No one wants that…
Figure out your process. Change it up if you need to. Opportunities will arrive at some point — but be smart about your approach. Sizing up at the wrong time could mean blowing up an otherwise solid account.
Study Old Charts
I discussed chart reviews last week. It’s a great habit to get into.
This time, my advice is to focus more on hot markets and sectors.
Look back at what worked this year and try to understand WHY they worked … That knowledge could set you up for the next hot market and sector.
Lock down the patterns you understand. Determine which ones make the most sense and the ones you’re most comfortable with.
This kind of preparation can give you an edge when those patterns break out. You’re ready for them. That just makes sense!
Conclusion
2021 was a great year for both of us. We’re looking forward to more fun in 2022!
We appreciate you all following along with us. Helping you learn is rewarding.
Have a Merry Christmas! See you on Sunday with a new watchlist.
Stay the course,
Matt Monaco and Bryce Tuohey