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A lot of people are scared of trading the market.
They think of it like gambling or sports betting – once you lose your luck, you lose your money.
And the truth is that many people aren't successful as traders. In fact, today, I'm going to tell you about two traders that lost their life savings on a single trade.
But that's not because of bad luck.
It's because they didn't follow two simple rules.
See, trading is easy. But those that simply follow their gut and trade like they're "betting on the black" will end up losing it all sooner or later.
That's not going to be you. You can trade your way to millions of dollars, financial security, the life of your dreams…
You just need to follow these two rules. They can turn any novice trader into a successful one…
These Two Rules Will Save You from Losing All of Your Money
If you've been with me for a while, then you might remember F.S. Comeau, the Canadian trader that lost $2.25 million of his $2.5 million inheritance trading.
Confident that he could make it all back on a single trade, he took it to YouTube and broadcast his million-dollar trade live. Wearing a wolf-mask, he celebrated what to him was an imminent windfall.
The man in the wolf mask was so confident that Apple Inc. (NASDAQ: AAPL) was about to announce poor earnings that he invested his last $250,000 on bearish option positions. Then, he waited for the announcement and his million-dollar payday.
What happened? The picture below says it all!
About the Author
Tom Gentile, options trading specialist for Money Map Press, is widely known as America's No. 1 Pattern Trader thanks to his nearly 30 years of experience spotting lucrative patterns in options trading. Tom has taught over 300,000 traders his option trading secrets in a variety of settings, including seminars and workshops. He's also a bestselling author of eight books and training courses.