A guest post from Kyle.

Although major indices are all gapping higher today, I think it’s important to remain patient especially if you want to trade options on tech stocks as I do.

You see, there’s been a bit of a disconnect in the market. Tech has sold off, while beaten-down stocks (airliners, cruiseliners, travel companies, restaurants, etc.) have seen large moves.

Of course, with so much action in the market — it’s tough to uncover all these trends and opportunities on your own.

Ultimately, that can translate to higher risks — added pressure — and more stress.

I’ve always been an advocate of never trading alone and always trying to talk to as many traders as possible. 

Especially right now, and heading into 2021 — it’s important to find a group of traders who are experienced and willing to show you the ropes.

Heck, you can see exactly why team trading is so important right now, as my former student Kyle Dennis is putting on a trading clinic for the rest of the week.

He’s LIVE right now, and I suggest you pop in after you finish learning the importance of team trading.

Never Trade The Markets Alone, It Can Ruin Your Account

Going at it alone typically has always been the harder path no matter what you are doing.

It’s easy to see top traders and think you could never reach their level.

Every trader has been there.

Looking up at the mountain of other’s success and wonder “how the hell do I get up there?”

And they don’t make it easy.

Many elite traders on and off Wall Street profit by trading off “secret” strategies they hold tight to their chest. They think if they share their best ideas — other traders will eat up their edge and soon they won’t have an advantage in the market.

However, the market is large enough for everyone to trade and make money in. That’s why it’s important to learn how to develop scalable strategies.

Trying to learn and gain a foothold in today’s market while flying solo is like trying to wrestle a gator in swamp country…. Not impossible, but hard as heck.

But I’ll let you in on a “secret.”

It’s the very thing that helped boost my trading years ago and continues to do so even today.

Team trading.

I mean just think about trying to trade the market alone right now in such a choppy mess. It can drive you crazy. The more sets of eyes on the market, the better. For example, I love to trade small-cap stocks and I’ll share my thoughts with other traders… and I’ll also ask what else they’re seeing.

I’ll talk to other traders such as Kyle, Jeff Bishop, Nathan Bear, just to name a few. This gives me different insight on the overall market and potentially uncover more money-making opportunities.

Why It’s Important To Surround Yourself With Traders

You see, when a trader joins a trading community the difference is staggering. Even if you just have a handful of traders

Joining a community of traders is like tapping into that same vein of bubbling with potential success.

But traders will find this vein is flowing full of a lot of other things as well…. Things like a wealth of information.

Chart patterns you might have missed. Viewpoints you never considered. Mentors sharing their wisdom. Trading strategies you were completely unaware of.

Benefits of team trading can be priceless.

For example, if you’ve got a stock that just exploded and you think about getting in. You can ask someone else for their thoughts.

Take Revlon Inc. (REV) yesterday. This stock exploded for no apparent reason, no catalyst, nothing.

Amateur traders just bought because they saw the stock was exploding higher. However, if you look at REV, it’s actually an extremely illiquid stock. For the stock to move that much so far without news, I figured it was just someone who took the offer and caused an insane spike.

In other words, the demand outweighed the supply.

Talking trades out and sharing information is an incredible way to avoid losses, loser trades, and build your confidence as a trader.

The bliss of finding yourself gaining knowledge from other trader’s failures and successes without having to walk that costly path yourself.

And these doors open when you stop trading as a lone wolf and join the pack.

If you haven’t done so already, make sure you join Kyle Dennis LIVE between the opening and closing bell to discover the importance of team trading.