Hey Good Kids,
November 2024 is officially in the history books, and what an incredible month it has been! Major indexes like SPY, QQQ, IWM, and even Bitcoin have closed at or above their previous all-time highs. The markets are soaring, and it's an exciting time to be a trader.
New all time high (and close on the S&P 500):
As for me, I'm about to set sail on the Wonder of the Seas for a week-long cruise to the Bahamas and Mexico.
This isn't just a vacation; it's a testament to the freedom and lifestyle that smart trading can provide. And I want each and every one of you to experience this same level of freedom.
Our free trade section on Discord has been absolutely on fire, delivering a slew of winning trades. I had 3 trades close on Friday, while I wasn't even watching the market!
Sure, I've had a couple of laggards and losers—who hasn't? There's no trader out there who doesn't experience some losses. But overall, it's been a fantastic month, and I'm thrilled to share these successes with you.
Now, I want to share two quick points in this holiday edition of Inside Mr. Money Maxwell’s Mind.
1. Everyone Seems Like a Genius in a Bull Market
It's a pattern we see over and over again. People who are overleveraging are boasting about how they've doubled their accounts, and it's easy to get caught up in the hype. But it's crucial to stay grounded. The first pullback—whenever it happens—can erase most or all of those gains. Next thing you know, they've blown up their accounts.
I'm not being negative or speaking from a scarcity mindset. I'm reminding you that during bull markets like this, people often start sharing their impressive profits. The same thing always happens. Remember, everyone seems like a genius in a bull market, but it's more important to pay attention to those who've been trading successfully for decades. There are many out there who make money by teaching questionable strategies instead of trading on their own.
2. The "Market Crash" Prophets
The wall of worry continues in our bull market. The same voices keep predicting an imminent market crash. While it's true that they will eventually be right (after all, markets do experience corrections), they conveniently forget to mention how many times they've been wrong before.
If you listened to the headlines when Warren Buffett was unloading stocks in the second quarter of this year and sold your positions out of fear, you missed out on tremendous profits as the market continued to soar.
The lesson here is to stay the course and not be swayed by doom-and-gloom predictions. Stick to your strategy and focus on the long term.
Listen, I understand the emotions and desires you experience while trading and investing in the stock market. We're not that different. Salespeople, marketers, and the media know this too—they play on your emotions, making you think you need them to succeed.
But I'm here to tell you that you can employ simple strategies that fit your schedule, whether you prefer a passive approach or a more active one. You can build sustainable wealth over time without falling for get-rich-quick schemes. Resist the temptation to buy overpriced courses or join expensive trading groups that promise huge profits. These schemes exist in every investment arena, and the stock market is no exception.
Stick with strategies that make sense to you. Now is not the time to overleverage, especially with markets at new highs and the VIX at relative lows. When others start panicking—when the next banking crisis comes—that's when we seize opportunities to buy quality stocks, add some leverage, and make significant gains.
Stay smart, good kids. Keep some positive delta in your trading account using defined risk trades, and let's keep making money in December. It's been an amazingly profitable year for us. If you've been following our trades, you should be really happy. If you haven't been as active, that's perfectly fine. I'm not going anywhere. I'll continue posting trades in our Discord and providing even more in-depth insights to the Mr. Money Maxwell Inner Circle members.
Speaking of the Inner Circle, it's not hundreds of dollars a month. In fact, it's a single payment for a year's worth of content. I'm intentionally keeping the cost low because it's not about me making a lot of money. It's about covering some expenses to keep Good Kids Trading and our community thriving. Plus, I believe that when you invest a little in your education, you're more likely to pay attention and take action. If you're interested, now is a great time to join, as I will be raising the price this month. But no pressure—if it's not for you, that's absolutely okay.
On a personal note, I'll be enjoying my cruise, but don't worry—I won't be completely off the grid. I've built a system that allows me to live a life of freedom through my stock portfolio, and that's exactly what I want for all of you. It really is that simple.
Remember, the goal isn't just to make a quick buck—it's to build a sustainable lifestyle that offers you freedom and fulfillment. I'm here to support you every step of the way.
With that, I'm off to pack my suitcase and head down to Florida.
Happy Trading, Good Kids!
- $Maxwell
P.S. Mark your calendars: Dec 18th Market Open Coffee Hour! I'll be hosting a zoom to spend time with my inner circle, and in the spirit of Christmas, I'm opening the meeting to EVERYONE. Click here to add this to your calendar.
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