Jimmy Butts is the Chief Investment Strategist for Maximum Profit and Capital Wealth Letter, and a regular contributor to StreetAuthority Insider. Prior to joining StreetAuthority, Jimmy came from the financial services and banking industry where he worked as a Financial Advisor. There he specialized in providing customized retirement solutions for individuals. Jimmy graduated from Boise State University with a degree in business administration and finance. He also spent multiple years studying language, international business and finance in both Germany and Buenos Aires, Argentina. At one point he held his series 6, 63, 65 and 26 securities licenses. When he's not combing through financial statements or reading about finance, Jimmy enjoys being outdoors.

Analyst Articles

Two Things You Need In The Market Right Now: Patience And Discipline

Jimmy Butts
January 24, 2022

I’m not going to sugar-coat this… This is a tough market environment to trade. I’ve seen this before, and I’ll give it to you straight. Not many traders will be able to stomach it. We will see a lot of traders fold their cards, becoming “buy and fold” investors. I don’t say this to scare you, but rather to say… Don’t let this happen to you. The biggest reason traders fail, or blow up their accounts, is because they don’t have any sell signals or stop losses in place. And if they do, they usually don’t have the discipline to… Read More

I’m not going to sugar-coat this… This is a tough market environment to trade. I’ve seen this before, and I’ll give it to you straight. Not many traders will be able to stomach it. We will see a lot of traders fold their cards, becoming “buy and fold” investors. I don’t say this to scare you, but rather to say… Don’t let this happen to you. The biggest reason traders fail, or blow up their accounts, is because they don’t have any sell signals or stop losses in place. And if they do, they usually don’t have the discipline to follow them. They let small losers dwarf into big ones. When it comes to selling a stock, it’s easy to kick the can down the road. The voice in the back of our heads says, “sell tomorrow, when the stock turns green.” If the stock is still trading down the following day, we throw up our hands and quickly log out of our accounts. If the stock happens to be trading in the green the next day, most people still never sell. That green day gives them hope that the stock is turning around. You don’t want to be the… Read More