Managing Editor’s Note: When you think about the frenetic life of a Wall Street trader, images from movies like Trading Places, The Big Short, and The Wolf of Wall Street come to mind.
These movies often portray traders as Lone Wolves, guys who singlehandedly beat the market. That’s the myth.
The reality is this: The world’s best traders often have teams of analysts behind them. These teams provide them with an “edge” that’s hard to acquire on your own.
In today’s essay, veteran trader Jonathan Rose explains why being part of a community of traders can give you an advantage in the markets.
Jonathan has given members of his trading community the chance to make gains of 117%… 194%… and 279% in just six weeks.
In fact, of the first seven trades Jonathan closed, all were winners. And the average gain was 125%.
Recently, Jonathan opened the doors of his trading community to new members. And right now, he’s offering a 60% discount off retail price to charter members.
You can click here to learn more about it. But act fast. The doors close on Wednesday, May 15, at midnight.
Then read on below to find out why Jonathan believes it’s better to be part of a trading wolfpack than a Lone Wolf trader…
When you think of great traders, what names come to your mind first?
Maybe it’s Paul Tudor Jones, who reportedly tripled his money betting the stock market would crash in 1987 (known as “Black Monday”).
He reportedly tripled his money during the event due to large short positions, earning an estimated $100 million.
Or maybe it’s George Soros, who’s legendary for “breaking” the Bank of England in 1992.
At the time, the British government was trying to prop up the pound against the German mark and was buying large amounts of its own currency to try to stabilize it.
Soros didn’t see how the U.K. could afford to keep it up, so he took a gargantuan $10 billion short position against the pound. When the government inevitably threw in the towel, Soros walked away with $1 billion from the trade.
Given the eye-popping sums of money these guys made from their individual bets, it’s no wonder Jones and Soros became legendary.
If you believe traders like Jones and Soros were so-called Lone Wolves – guys who singlehandedly beat the market – well, I’m sorry to burst your bubble…
It’s all a myth.
Today, I’ll reveal a little-known strategy guys like Jones and Soros used to become successful traders… And more importantly, why trying to become a Lone Wolf trader is dangerous to your financial health.
Why the Pack Beats the Lone Wolf
I’ve been a professional trader for over 16 years, including stints in the pits of the Chicago Board Options Exchange.
You can see me in the picture below…
That’s me on the floor of the Chicago Mercantile Exchange back in 2001.
I grew my trading account to over $1.2 million that year. And I’ve seen guys make more money in a few weeks than many people will earn in their entire lives.
So I know what it takes to become a successful trader.
But when I left the trading pits to become an individual trader, I learned some hard lessons.
The first one is you can’t go it alone.
You see, big-time traders like Jones and Soros have teams of very smart analysts who help them find trades.
These guys and gals are some of the most well-connected and well-informed analysts in the world. If they’re betting big money that something is about to happen… They’re most likely going to be right.
Think of it like this…
Trading is like looking at a room through a keyhole. You see only a small part of the room.
The average investor has a very limited view of the markets. They buy index funds and hope they go up. And that’s it.
But if you can see beyond this narrow view, there’s a much wider world of opportunity.
There are more than $200 trillion worth of investable assets worldwide… including stocks, bonds, gold, commodities, currencies, and cryptocurrencies.
As a trader, there’s no way to learn everything about all of those different assets. So if you choose to go it alone, you put yourself at a huge disadvantage.
Another problem with trading as a Lone Wolf is psychology.
You see, trading is more than just buying and selling. It’s about managing your own emotions.
You can have all the theories and tools in the world. But when it comes down to it, if a position you’re holding is suddenly down 50%, you have to decide what to do.
Will you cut it and run? Or will you take a deep breath, look at the chart again, and stay in the trade? Your answer can often be the difference between losing big and winning big.
That’s why I founded Masters in Trading.
When I went on my own back in 2015, I didn’t have anybody to back me up.
Even for a seasoned professional like me, there’s still a lot to cover in the markets.
I thought to myself, if I had a bunch of top-tier traders that I trust, somebody could follow commodities… Another could follow financials… and so on.
In a community of traders, you can all work together. And if you’re all approaching the market in a similar way, it’s like cloning yourself.
Join the Wolfpack
Over time, I learned having a community of traders at your fingertips gives you major advantages.
They come from different backgrounds, industries, and economic sectors. They can give you different perspectives and ideas to trade the market.
So I started Masters in Trading to share all the knowledge and experience I had acquired over the years with others.
Nothing makes me happier than seeing members of my trading community making tens of thousands of dollars using my strategies.
That’s why I recently opened Masters in Trading to the masses. And right now, you can take advantage of my charter membership offer.
As a charter member of Masters in Trading, we’ll show you how to get started with options through education, guidance, and other support from other traders.
You’ll have access to my exclusive Discord community. I believe this feature will be beneficial – especially for new traders.
One problem new traders face is they fear being judged for their ideas or inexperience. That’s not what we do. To borrow a phrase, this is a “judgment-free zone.”
In a community of traders, everyone’s ideas are welcome. In fact, it’s encouraged. Those contrarian ideas can really move the needle – unlike running with the herd.
You’ll have the chance to share your trade ideas, discuss the current state of the markets, or just have some friendly conversations with all the other members of the community.
Tons of members have told me it’s one of their favorite parts of their membership.
If you want to become a charter member at a 60% discount to the retail price, you’d better hurry. I’m pulling this charter offer down on Wednesday, May 15, at midnight.
So if you want to grow your skills as a trader and take control of your financial future, click here to learn how to join my community today.
Remember, the creative trader always wins.
Jonathan Rose
Founder, Masters in Trading