My +25% “imperfect” trade

I took the profits early - and that’s okay.

August 19, 2024

If you’re trading with a limited budget, accidentally staying in a trade too long can crush your profits.

That’s why it’s okay to leave a little money on the table - even if it feels like a mistake.

Let me explain.

There’s a great interview with Jerry Seinfeld where he talks about how NBC was throwing dump trucks full of money at him to try to get Seinfeld for another season.

But Jerry happily walked away from it.

The execs said, “You’re the #1 show! You’re making so much money and we’re all having so much success! Don’t you want to see how high this can go?”

And Jerry said, “The only way to know how high I can go is to go past it.”

In other words, he wanted to go out on top.

If he stuck around to see how much he could make, he’d start losing ratings and money at some point.

So he took what he had and walked without losing anything.

Guys and gals, this isn’t just a legendary story about success - it’s a great trading lesson.

Last Friday, I took some bull puts on TSLA.

This morning, we saw a lot of green - and I cashed out those contracts for a +25% gain and $400 added to my account.

*Trading is hard, results not guaranteed and should not be expected to be replicated typically.

Great way to start the week!

But… I left money on the table.

Here’s what I said in my private chat:

On the one hand, the competitive trader in me thinks, “DANG, I should’ve stayed in - I could have made a little more!”

But like Jerry says, you don’t know where the peak is until you go past it and are on your way down.

If I held on too long, I would’ve said, “guess I jumped out too late.”

No sense in putting that kind of pressure on you as a trader!

Heck, I did it again a few minutes later with NVDA, taking the $300 and stepping out while I was ahead:

*Trading is hard, results not guaranteed and should not be expected to be replicated typically.

A +14% winner on an NVDA bull put in about 2 hours!

If you get into the habit of taking the profits when you get them, you don’t have to sweat so much about being in trades too long or putting too much of your money at risk.

And risk management is a HUGE part of my Small Account Journey.

It has to be!

When you have limited funds, you can’t put all your chips on the table every trade and just hope that you get the right cards.

You have to play small ball consistently, and that’s what I’m trying to do.

I’ve already grown a $2,000 account into nearly $27,000… and I’m shooting for $100,000. Here’s all the trade alerts in August:

*Trading is hard, results not guaranteed and should not be expected to be replicated typically.

Will I make it?

I have no idea.

But I’m going to keep trading, keep teaching, and keep sharing every move I make to get there.

…no “perfect trades” needed.

Eat, sleep & trade,

Jason Bond

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