Hubert Senters here.
Let’s take a look at Procter & Gamble. Symbol is PG having a pretty good day up a dollar $52 on a hundred dollar stock. It’s not too shabby. Almost exactly $199.99. Looks good. Next potential target for a parking area would be like $105 and then after that $110 add it to your watch list if it’s not in your watch list it should be.
It’s acting really well and even with all the crazy stuff that we’ve had with the markets it handled it really well. It’s boring but a lot of times boring is good enough. Like you don’t always have to be trading the sexy stuff like Netflix and Tesla and Amazon and Google. Sometimes you can buy stuff it like $80 bucks and it goes to $19. You can actually sleep at night.
With that being said you need to learn how to use risk reward ratios correctly in order to beat this game because heads up, if you think you’re right more than you’re wrong in the trading business you’re probably not calculating it correctly. I don’t know a ton of people that are more right than they are wrong. It’s very few people and then it’s streaky at best.
Like sometimes they can get on hot streaks sometimes it last you know a year, two years maybe some people get lucky enough to have it for a decade and you can build a really good career after that but for the rest of us mortals out there. We’re usually more wrong than we are right.
That’s why it’s very important that you have a good risk reward ratio so you don’t burn through all your cash when we have more of those webinar tonight. Click the BIG YELLOW BUTTON. It’s going to be Tuesday February 19th about risk reward ratios.
Good luck. Hope it helps. And I’ll see you on the webinar.
Hubert.
