All right today guys. we're going to be talking about having trading goals and realistic expectations and at the end of the day not becoming you know, a bag holding loser. Okay so what I want to talk about is Peltin I actually have a kind of interesting story and I I think it is a just a and and listen I'm gonna. It's gonna sound like I'm kind of picking on this guy but I'm not and listen I know that.

The bummer is you're not taught how to trade in school. Okay, you're not taught in elementary or high school or college. You know, uh, you're not taught this anywhere. One of the biggest reasons we see such a high failure rate in trading is it's just open to anybody like like listen, if you have a laptop like a $500 laptop and you got a couple hundred bucks to throw in a trading account, you can start trading today.

like I don't know of any other like profession where they will do that. like if you show up to a building and you're like hey I want to wire the lights in this place they're going to be like where's your electrical license? Who are you? uh you know, who are you interning under I mean like they're going to ask questions. They be like no, we're not going to let you do this medicine Pilots you know, even construction I mean listen, if you show up to someone's house, you're like I want to put a roof on your house. They're going to be like okay, Show me your uh, your references, show me your portfolio.

but with trading just anybody anybody can do it and they because of that lack of education and that's what we do at stocks and trade like that's one of the things I am most proud of in my career, in my business career and my my professional career is is you know, helping people just like you. figure this stuff out now I Know that's kind of a long drawn out apology to this guy, but the reason I bring it up is I don't want you to do the same thing like I want you to know when to take profits I want you to know how to have a trade plan and I want you to to ultimately make a bunch of money in the stock market I mean that's my goal now. you have to be disciplined. You have to follow the rules, You have to get the education I mean all things that we do here at stocks to trade but that's what I want my goal is you know I've said this many times.

maybe you've seen it on other videos I Literally want all eight billion planet people on the planet to succeed at trading like like I think like it's my Niche okay it's what I do I' I've been interested in finance since elementary school. okay but trading for 18 years now I've been mentoring for eight years now. It's what I do so like to me, the best way to give back to the universe is hopefully teach eight billion people out on the planet how to trade how to be successful because the more people that are successful, the more people that are happy. Means A better, more successful World Okay, but the fact is, no one's taught this and because of that, you make some of the worst decisions and it really bums me out.

And I don't want to see people to see people have this happen. So we're we going to go back to a story. Uh I think it's a great way to kind of impart this. So I remember January 2020 Um, and you can see this and we'll link the Articles below Actually did a blog post talking about how much I loved Pelaton I Just had bought a pelaton at that point.

Amazing product by the way. Absolutely love this product and now the company's run by idiot. Okay, absolute morons. Okay, you think the people like running some of these companies these days are dumb? Pelaton may have May have the dumbest management of any publicly traded company.

Okay, there's a lot of moronically run companies out there. Pelaton might be the worst, but that'll be I'll save that for part two. Part one is you know, amazing product. We were going into Covid.

Okay, this is January 2020 when I talked about man. Love the stock, love the product. It's a buy. Okay, so let's jump over to the chart that was right here and the the stock was trading in the basically mid 20s at that point.

Okay and back then if you remember that was the very first time I started pre-market prep. If you go back on the YouTube channel, you'll see tons of pre-market prep. I started it when the lockdowns happened. okay, when the lockdowns happened in the spring I was like hey, can't leave the house I'm going to start doing free stock market education.

Crazy thing is I still do pre-market prep every day here we are what four and a half years later. but Check It Out Below we'll have a link to that. Um, but anyway, Pelaton in the mid 20s I was very bullish the stock I loved it. So there's this guy who will go unnamed.

he buys the stock. Okay and the crazy thing is like all through 2020 I would randomly get DMS from him I mean I didn't know him, he was just a guy that was on the webinars and he would send me like all these you know like thank yous and man you're so awesome and I really appreciate app it on this Peltin I'm like hey man awesome you know and then kind of didn't hear much from him and if you know here through here this is kind of where I was hearing from him. Stock goes all the way up to 170. okay into 2021.

So basically in a year he's up over 600% on this stock. Basically year to year. you can see that's January 15th 2021 was the high. Okay basically a year to the day I mean maybe a couple days off 600% on this stock.

Okay and again I lose track of the guy. he was just sending me DMS on Instagram So you proceed to, you know, end into 2020. You know Co ends Pelaton Management is, you know, idiots. Stock falls back, they had some scandals, they kick the CEO out.

That's when that big gap down happened here back in 2021 and then you fast forward to I Want to say some where in 2022 this guy starts messaging me again, calling me an idiot, calling me a scammer, calling me very very bad words that his mother probably wouldn't appreciate him saying and I'm just like, who is this guy, why is he yelling at me about Pelaton I scroll up in the DMS and two years before he's Raven and Raven about pelaton and I'm just like bro, bro bro bro bro. Like you didn't think about selling at 30 or 40 or 50 or 60 or 80 or 100 or 120 or 150. And here's the crazy thing about this. understand guys.

he was in in the 20s so he could have sold all the way through this runup. Or hey, maybe he was a long-term believer. Think about on the downside, he had two almost two years a year and a half to sell at 160, 150, 120, 100, 70, 80 all the way down. Again, he could have waited two years and still sold for almost a 50% gain.

and I'm the jerk and I'm all and I'm the one that doesn't know what he's talking about and I'm like this is so important. Now this comes up because I actually just did another blog post last week talking about Peltin being a merger. Target I think because of their terrible management and the beat down stock price I think this is a great Buy for Apple and the crazy thing is I sent this blog post that night the night I published it Jean Monster goes on. You know, hedge fund guy goes on CNBC and talks about exactly what I said.

Okay, but anyway that Apple would look to buy Pelaton out. The the reason I bring this up is it reminded me of this Pelaton story and it reminded me my friends that one of the most important things you need to do and this is the Crux of this video and if you pay attention to this point, it could literally change your trading forever. You need to have a plan. Okay, what are you going to do if you buy pelaton at 25 and it drops to 20? Are you just going to hold no matter what vice versa? What if you buy it at 25 and it goes to 50? Are you gonna do I mean are you going to hold for more? Which is fine, but you have that plan and let's say you think man, I think going to a th000 what happens when it goes to 171.

You thought it could go higher and then it pulls back to 150 and it pulls back to 140 and it literally Trends down for months. Are you going to be a bag holder a fool a Pana and say oh, it's still going to a th Are you going to recognize the fact that well, you know my price Target was a little too high I had too lofty of goals. it's still at 120 I'm still up 500% at this point I'm gonna take profits and I'm gonna move on. So the reason this came up is I was talking about you I Just published these articles on Pelaton about the acquisition and actually the video guy running the camera right now talked about a very similar story.

He's got a buddy that held the stock G Genius! Studios They actually changed the ticker to tune. He was up again, hundreds and hundreds of percent and now he's down like 90% 90% on his trade. Like think about that. He could have taken profit up 20, up 30, up 40, up 50 up 100 and then same type stock chart.

He had months and months and months to just take it off the table for profits. Mind you, He held down 90% It's a crappy scam X You know, Penny stock pumping dump basically. But my friends, that is the what is so important about this video. And if you trade without a plan that's going to be you, you're going to be this guy on Instagram Yelling at me me when he was up 600% it had two opportunities to sell.

You're going to be the guy holding a crappy penny stock pump and dump down 90% And Then that's why so many fail at this. And I Know it sounds simple, but if you ever ever get to the point where you're in a stock and you don't know what you're going to do, whether that be for profits or losses or even sideways, you screwed up. You blew it. You already failed if you don't have your trade plan written out.

That being said, if you want to learn how to write trade plans, if you want to learn how to interpret charts, the number one way to do it is to join me in the daily Income Trader system. It's called The Daily Income Trader System because four live webinars a day. Every single trading day from PR Pre-market all the way through the end of the day. Check it out.

When you click that link, you're going to go to an invitation. It's going to give you a link to a free webinar. A Free Live webinar. Okay, not pre-recorded Free live webinar Showing you exactly what we do in the Daily Income Traer system.

There's zero downside to checking it out. Click that link below and we'll see you on that webinar.