Editor's Note: Below is an interesting message from our colleagues at The Opportunistic Trader that we think you may find very insightful.
Dear Rogue Economics Reader, I'm in and out of at least 50 positions a day. That might sound like a lot, but I trade differently from a lot of people. I'm looking to take small gains on a large number of positions throughout the day. This is what slowly grows my pile of capital. And when I see a home run lining up... I can make a big, profitable bet. Those don't come around often. But when they do, I pare down the number of positions I trade each day and focus on the big one. Then, the preparation continues again after the close of the U.S. trading day. All that's left is to analyze my current positions... Make sure our P&L (profit and loss) from the day before is right... And adjust where necessary. This habit of constantly consuming information about the markets is part of why I'm successful today. But a big part of that success also relies on my insistence on taking small profits as soon as I see them. If you'd like to see how I do it, I just released my first video with an "over the shoulder" demo on how I trade... And I will give you the name of my favorite ticker too. Watch it here. Regards, Larry Benedict
Editor, The Opportunistic Trader | 
