hey guys just a super quick one today I was not planning on doing a video but something came up I have to talk about I got an email and I want to address it because a question that a lot of you have also I want to talk about what's going in the stock markets and when is it time to get back into some of these gold mining stocks plus I was trying to make a dedicated video about the number one trading tactic of all time ever and it's just not going to be a dedicated thing I'll just talk about it in this


video with everything else and you're going to want to keep a breast of all of this information so subscribe to this Channel please and if you click like that really helps us spread the message you know that there's people that will benefit from our message that you can help just by clicking like another down day on the market so far today I'm going to take a look at sometimes it helps to sort of take a step back and take a wider view of things so you can understand what's going on more because


you look at the screen and everything's red and it looks like there's a massive panic but then when you look at the big longer term time frame on the chart it's completely a different story however I wanted to show you a few of the charts here this is the NASDAQ and you see here there's a drop off there that is a warning sign the fact that shares opened here closed there next day they opened at a much lower level the reason there's a space here is cuz the market was closed but they didn't pick


up where they left off they actually jumped even lower that's a bad sign in terms of the momentum for sure and here's a two-month chart of the Dow Jones Industrial Average you can see here it also dropped off there as well these are very bad indicators and what they're saying is that the dside move is not over yet let's look at the Russell 2000 you see yesterday it opened here traded that high and then it got pulled lower throughout the day and it closed right there the next day it opened where


it left off and it's done nothing except for decline throughout the whole day if you zoom into a one- day chart you'll see what it looks like and here's the standard and por 500 one day chart two month chart Boom the markets have all ratcheted down they've all just dropped through nothing but air nothing to slow them down this isn't implying that we're going to be heading a lot higher from this point and this was the email that I received this morning that inspired this whole video


which I wasn't even going to film hi Peter I held positions and and I'm going to cover over the names of the stocks because those are reserved for subscribers to the Peter leads.com newsletter world famous stock picks so these three stocks he mentions that one's already tripled those two are both 10 Baggers but he says I sold them for a nice profit recently thanks to you by the way I see they're trending down now a little and was wondering your thoughts on on the bottom of these to get back in


or if I should wait a little bit more before jumping back in to them like after the election any thoughts would be appreciated Dwayne listen I was going to rate you back but I'm just going to tell you back I would wait until after the election no one's looking at the stock market right now it could go one of two different very different ways and could go a lot of different ways and there's a lot of other things going on in the world right now I think it's okay once in a while to say I'm going to just take


a week or two and just s a step back reassess clear your mind there's going to be a time to get back in but it's not now there will be a time to sell but it's not now many of these shares I've hired to go in my opinion and the price of gold has gone up so much that the stocks haven't even really responded to that in the way that they should gold mining stocks are due for massive multiplication and their values gold mining stocks are due for massive multiplication in their values and


things change dayby day so we'll have to keep updating this approach but I believe that coming up there will be a time to start unloading some of the precious metals companies I do not think it's anywhere close to yet but I do think that the stock market is finally going to do what I've been telling you it's been going to do for such a long time so the number one trading tactic that can make anyone one easily a really good investor much better than they were is using stop losses effectively and it's more of an


art than a science I always tell you guys that it's very difficult but it's also going to save you a lot of money protect you from downside you'll see so say for example you buy a stock at $4 and you say if it drops for any reason whatsoever to $3 and 75 cents I will immediately sell all of my shares and sometimes the stock will head the wrong way and you want to get out quickly taking the Band-Aid off right away but if that same stock had gone the other way it had gone higher in price you're


locked in for all those gains you don't miss out on any of that so you're minimizing the downside while being open to the upside the big threat of course is that you get stopped out you say I'll sell all my shares if it drops to 375 or less and it does and then right away you sell your shares and then right away that stock goes back up higher you have to make sure that your stop is far enough away that the volatility natural volatility of the stock isn't going to be stopping you out all the time what I


like to do is if there's a really solid support level at say $6 and the shares are at $610 I might buy into those and if it drops below that solid support which means that it is definitely changing its trajectory if it's got a support level that's going to become maybe a resistance level if it breaks through that then you're going to want to get out of your shares of course but because of the support level you're more likely to be getting in on that stock with a lot of upside and a very minimum amount


of downside I don't know if I've made this more complicated because I did a really bad job explaining it but it's most people make things harder than they need to be it does not need to be difficult it is not difficult just think of it in these numbers I'm giving you there's a lot of intricacies and you can get into this a lot more but the concept of a stop loss is just definitely don't even worry about it don't even stress about it you buy five different stocks at $3 to $8 and you have stops close on


all of them that then some of them drop to your stop loss and you get out of there and sometimes those same stocks will keep on going lower and that also has all your money your cash off the table so that you have it on hand so that you can then invest it in that same stock after it drops in price you just basically stepped out as it fell for that whole time and then you step back in and if you want to be in direct contact with me just go to Peter leads.com insiders become an Insider and you can


email me anything you want anytime you want don't be weird