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I need to talk straight with you about something that keeps coming up.
A lot of traders — good traders, smart traders — keep making the same mistake when a position moves against them. They bail out right before the trade pays off, then watch from the sidelines as the thing hits target a few days later.
I’ve seen it happen over and over again, and almost every time it starts the same way — someone gets caught in the emotional roller coaster because they can’t sit through normal market movement. They get down on a position, think they’re in trouble and jump ship right before the thing turns.
What Happens When You Break the Rules
Let me give you a real example. Back in October and November, we had what I’d call the worst week in gold. The trade almost hit our stop on Gold Stream Alerts.
My inbox lit up — people were panicking and sending a flood of emails about their losses. Some folks actually exited the trade.
And you know what happened? Not three days later, the trade paid us.
Three days.
The people who bailed were furious and upset, and I had to tell them the truth: It was their fault. That sounds harsh, but it’s reality. You break the rules, you get punished — that’s how this business works.
Here’s the thing — if I get you into a trade, I’ll get you out of a trade. When I’m in something, I’m up and down just like you are.
I’m not sitting here immune to drawdowns, so when I tell you to take a deep breath and let it roll, it’s because I’m doing the same thing. If I decide it’s time to exit, you’ll know. It’s that simple.
The Simple Truth About Losing Trades
If you can’t handle a losing trade, then you shouldn’t be trading. Period. That’s not me being mean — that’s me being honest.
The emotional roller coaster starts when traders don’t trust the process. They see a dip, get scared and bail on the position.
What’s worse is that a week later, if they had just stayed put, we often hit target. That back and forth starts messing with their confidence and turns every decision into stress.
My advice? Just take a deep breath and let it roll. If I’m going to bail, I’ll tell you to bail. We haven’t done that yet.
Look, I had one winner recently where we made about 1.9%. Not much, right? But I was happy to take that win.
I had struggled with that trade for a long time, and when it finally turned profitable, I was relieved to close it out. It wasn’t a huge gain, but it was still a gain.
That matters because small wins are part of the game too — they add up, stabilize the account and keep you in rhythm.
The point is this: Follow the rules. Flat out, follow the rules. Don’t break them. Just hang in there.
I’ll let you know when to get out. It’s okay.
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Geof Smith
Geof Smith TradingÂ
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.Â
P.S. Don’t Let The Recent Gold Dip Fool You!
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A third mega catalyst is about to trigger, which could make gold’s recent 150% run look like a drop in the bucket.
I will reveal my No. 1 trade to take advantage of the imminent run, the same one that delivered a perfect win rate last year.
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Disclaimer: We develop strategies to the best of our ability, but we cannot guarantee a future return. There is always a risk of loss when trading. Past performance is not indicative of future results. Since 12/05/2024, the trading approach discussed today has published 54 trade alerts. All 54 have returned as winning trades, for a 100% win rate. The average return per trade, winners and losers combined, has been 16.88% on an average holding period of 9 days.
