Rachel’s note: Tonight – on Wednesday, April 13 – master trader and Casey Research friend Jeff Clark will sit down with his oldest son Grant to see if he can double his money… all on camera.
He’s going to use Jeff’s most profitable trading technique… the same one that could’ve doubled your money 16 different times in 2021.
Plus, Jeff has developed and refined this strategy over the course of his nearly 40-year career.
And at 8 p.m. ET tonight, he’ll teach his son step-by-step so he can see how it’s done. To find out if Grant will succeed (and to receive a free recommendation from Jeff)… just click right here to secure your spot.
Then, read on to find out how the stock market has to do with a game show…
By Jeff Clark, editor, Market Minute
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Imagine you’re a contestant on the game show “Let’s Make a Deal.”
Monty Hall pulls you out of the audience. He waves $2,000 in your face and says, “This is your money. You can take it and keep it right now, or you can trade it for what’s behind the curtain.”
Of course, you know from a lifetime of watching daytime television there’s a 50% chance that what’s behind the curtain is an all-expenses-paid trip to Mazatlán – valued at $5,000 – and a 50% chance that it’s something virtually worthless, like a farm animal.
What do you do?
If it’s me… I’m taking the cash.
I’m thinking, “I came here with nothing. There’s a 100% chance I’ll leave here better off if I take the money. There’s only a 50% chance I’ll leave here happy if I take what’s behind the curtain. Either way… my life isn’t going to change dramatically. So, I’ll take the $2,000 and be happy no matter what.”
But there’s another line of thought…
“I came here with nothing. The worst case is I’ll leave here with nothing. But there’s a 50% chance to increase the return on my prize by 150%. The odds justify that trade. So, I’ll pick what’s behind the curtain.”
Here’s the thing… there’s nothing wrong with either decision. All that matters is how you view the consequences of the trade. Let me explain…
I’m going to be happy if I get a $2,000 windfall profit. I might be slightly more ecstatic if I win a trip valued at $5,000. But I’ll feel like an idiot if I give up the $2,000 and go home with a goat.
So, I’ll pass on “ecstatic.” I’ll take “happy.”
Not everyone thinks that way – which is why we love watching game shows.
Let’s apply this thought process to the stock market…
Every time I close a trade, in the back of my mind, a little voice asks, “What happens if it moves even higher?”
This is the equivalent of Monty Hall asking if I want to keep the $2,000 or trade it for what’s behind the curtain.
I know for sure that I’m happy if I close the trade right now. I don’t know if I’ll be happier or feel like an idiot later.
So, I almost always chose to err on the side of happiness.
Now… if this is your only time on a game show… if it’s your only chance to make a trade in front of Monty Hall, it’s understandable to choose what’s behind the curtain.
After all, it’s your only shot to maximize your gains.
I get it.
But the stock market isn’t a game show. We have trading opportunities almost every single day. The secret to longevity as a trader is to consistently take the money when it’s flashed in front of you.
In today’s environment, it might be time to settle on “happy” over “ecstatic.”
You might feel a tinge of disappointment if a trip to Mazatlán is behind the curtain. But you’re still heading home with more money than you had before.
Be happy. At least you’re not going home with a goat.
Best regards and good trading,
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Jeff Clark
Editor, Market Minute
P.S. Fortunately the stock market isn’t a game show. In fact, if you follow my technique, you could potentially double your money no matter which way the market goes.
As the Fed shifts gears on interest rates and inflation rises higher, most people have no idea what’s coming next…
That’s why it’s important you attend my special presentation tonight at 8 p.m. ET. I’ll break down everything you need to know about my technique – and my 22-year-old son Grant will be there right alongside me. His goal? To double his money in just a few days.
I’ll even give away a free recommendation so that readers can try to double or triple their money, every week. Simply click right here to reserve your spot… and see how Grant fares live on camera.