{"id":24796,"date":"2012-04-14T17:07:00","date_gmt":"2012-04-14T17:07:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/13000-in-profits-last-week-5-steps-i-took-to-break-a-trading-slump\/24794\/"},"modified":"2012-04-14T17:07:00","modified_gmt":"2012-04-14T17:07:00","slug":"13000-in-profits-last-week-5-steps-i-took-to-break-a-trading-slump","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/13000-in-profits-last-week-5-steps-i-took-to-break-a-trading-slump\/24796\/","title":{"rendered":"$13,000 In Profits Last Week; 5 Steps I Took To Break A Trading Slump"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/13000-in-profits-last-week-5-steps-i-took-to-break-a-trading-slump\/24796\/attachment\/hitting-streak\" rel=\"attachment wp-att-24797\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-24797\" title=\"hitting streak\" src=\"https:\/\/storage.googleapis.com\/smw-news-wp\/2012\/04\/hitting-streak.jpg\" alt=\"\" width=\"300\" height=\"200\"><\/a><strong>By Jason Bond of\u00a0<a href=\"http:\/\/www.jasonbondpicks.com\/\" target=\"_blank\" rel=\"noopener\">JasonBondPicks.com<\/a><\/strong><\/p>\n<p>I played baseball in college and had a tryout with the Atlanta Braves so trust me, I know a thing or two about hitting slumps.<\/p>\n<p>While my Masters is in education, I did take several courses in the psychology of sport and to be quite honest, I find the lessons learned apply to trading as well.<\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>Trading is a very humbling game, even for the world&#8217;s best traders. At any given time, there&#8217;s countless professional traders going through a slump.<\/p>\n<p>So, what do you do? Ho do you get out of a slump?<\/p>\n<p>Most people actually think slumps are created by a trader doing something wrong with their strategy. However, what usually causes an ongoing slump is how the trader is affected mentally.<\/p>\n<p>Recently I was rattled by my biggest loss ever and I slipped into a slump. Confidence is everything if you plan to stay in the Wall Street game.<\/p>\n<p>This past week I broke out of my slump and went on one of the best tears I&#8217;ve had since I started this newsletter hitting over $13,000 in profits.<\/p>\n<p>Here were my mental solutions to get over my big loss and the slump that followed.<\/p>\n<p>1. It only takes one good trade to break out of a slump so I reminded myself a trading streak is just ONE trade away.<\/p>\n<p>2. I narrowed my watch list to names I know and have cashed in on before.<\/p>\n<p>3. Then I spent a fair amount of time visualizing the steps I took to execute those trades successfully.<\/p>\n<p>4. I applied my core strategy scaling into trades at support or after resistance breaks.<\/p>\n<p>5. Stick to your guns! Despite a choppy market, I traded with confidence again giving the trades time to develop.<\/p>\n<p>Bottom line: back to the basics, the same strategy that made me over $100,000 in the last 12 months before my big loss and the ensuing slump!<\/p>\n<p>Anyone who&#8217;s been with me for a year will tell you, when I get on a winning streak I tend to get real hot so let me be clear, I&#8217;m seeing the ball well right now!<\/p>\n<p><strong>By Jason Bond of\u00a0<a href=\"http:\/\/www.jasonbondpicks.com\/\" target=\"_blank\" rel=\"noopener\">JasonBondPicks.com<\/a><\/strong><\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/13000-in-profits-last-week-5-steps-i-took-to-break-a-trading-slump\/24796\"><br \/>\n$13,000 In Profits Last Week; 5 Steps I Took To Break A Trading Slump<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/wall-street-shuns-penny-stocks-but-this-before-after-will-knock-your-socks-off\/24793\"><br \/>\nWall Street Shuns Penny Stocks But This Before &#038; After Will Knock Your Socks Off<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/dallas-mavericks-mark-cuban-just-took-a-7-4-stake-in-my-vringo-vrng-stock-alert\/24790\"><br \/>\nDallas Mavericks Mark Cuban Just Took A 7.4% Stake In My Vringo (VRNG) Stock Alert<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/playing-the-pump-3-stocks-to-consider-snpk-sefe-vrng\/24219\"><br \/>\nPlaying The Pump; 3 Stocks To Consider: SNPK, SEFE, VRNG<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/rare-earth-swing-trade-stock-alert-on-lynas-corp-lyscf\/23565\"><br \/>\nRare Earth Swing Trade Stock Alert On Lynas Corp. (LYSCF)<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/my-tvix-nightmare\/23513\"><br \/>\nMy TVIX Nightmare<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/the-sunpeaks-ventures-snpk-stock-promotion-reloads-heres-whats-next\/22909\"><br \/>\nThe Sunpeaks Ventures (SNPK) Stock Promotion Reloads, Here&#8217;s What&#8217;s Next<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n.<\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Jason Bond <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Jason made his mark (and fortune) on Wall Street by spotting opportunities, pouncing and locking in those profits fast. His shares his strategies and winning swing trades at his website <a href=\"http:\/\/www.jasonbondpicks.com\/\" target=\"_blank\" rel=\"noopener\"><\/a>http:\/\/www.jasonbondpicks.com\/\n<\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Jason Bond of\u00a0JasonBondPicks.com I played baseball in college and had a tryout with the Atlanta Braves so trust me, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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