1. Cut losses quickly — always rule #1, always the
most difficult to abide by due to ego…when I’m wrong
on a stock I HAVE to get out when it doesn’t go my way.
2. Get out of trades when they don’t go my way — one step
up from cutting losses quickly, many people are surprised to
see me take 5-10-15 cents/share in profits if the stock doesn’t
do EXACTLY what I expect it will within minutes, hours or days
of my trade, depending on the expectations I lay out in the trade
alert, based on patterns like these.
3. Understand the small losses and small gains
don’t get me rich, but they protect me from big
losses and if I focus on taking good trades, those
that do EXACTLY what I expect DO make me rich…
so the key is giving myself opportunities to hit home
runs, but taking singles, doubles and even strikeouts
every now and then to protect my downside risk.
4.While shorting penny stocks isn’t a walk in the park,
nowhere else in the stock market can you make such
predictable 30-70% profits in a day as exemplified by
these live trades captured on video.
5. Be able to go both long and short, I know it’s tough,
but try not to be biased either way as some of the worst
companies in the world have perfect technical breakouts
and while that squeezes stubborn short sellers, agile traders
are long the breakouts because they understand market
mechanics…like VEND’s recent breakout in the $4s before
it spiked to $9 and VISN’s PERFECT technical breakouts
which led to serious Supernovas (as outlined in this DVD
study guide), $5-15 in 3 days, and $18 to $31 in 3 days.
6. Keeping a detailed trading diary on Profitly is key to
figuring out what trades/patterns you should do more and
less of…
7. Growing an account exponentially might sound like a
daunting tasks, especially when the regular finance world
is content to make 10-20%/year, but by focusing on trades
like this, it can be accomplished faster than you imagine.
8. Ignore non-volatile, illiquid penny stocks — every
company has a “great” story, focus only on actively traded
stocks that are in play and moving very quickly…
take the meat of the move, then move onto the next hot
play…not sit around and day dream about a possible
100-500% win like far too many
penny stock “investors” mistakenly strive for.
9. It’s okay to be wrong if you cut losses quickly…
10. All of these profits and success stories sound great,
but it’s important to remember 90-95% of traders lose money…
how is that possible? It’s because they trade with their gut
and have no specific framework for trades…always go into
a trade with a specific plan of what to get out at, both the
ideal exit spot and the spot to exit the trade if it doesn’t go
as planned.
11. Don’t believe any press releases or #s, fraud is
rampant in penny stocks…the key to successful trading
is just to accept that and use each stock/press release
/pattern to try to grow your account and then move on,
understanding that the vast majority of penny stock
companies fail, go bankrupt and their stocks will go to
zero over time.
12. Even though most penny stocks will go to zero,
they can spike a TON in the meantime, especially if
the promotion is successful — never just short sell
and then ignore the stock if it’s going against you…
logic and reason is often week, months or even years
behind in the stock market.
13. 10-20-30% gains in a few hours or days are also
predictable, but not 100-200-300% gains…gotta focus
on taking as many predictable profits as possible,
don’t get greedy.
14. Lists of basic trading rules and a few videos is not
enough to truly understand my proven strategy…my
trading challenge is an entire curriculum designed to
mentor traders and create more millionaires as that
is my goal in life.
15. Don’t be afraid to take the day off when there are
no great plays, too many traders feel the need “for
action” and they waste time & money looking for it.
16.You can’t trade penny stocks if you have $50 to
$300 to your name…the commissions per trade will eat
you alive so save up and get at least $2,000 ideally.
17.Understand all the risks/rewards of what’s
involved with trading
18.If you ever get an email with a penny stock tip, expect
insiders and others will be selling into your buying.
19.Don’t take days off EVER from checking in on
the markets though…especially in hot markets like
these, even if you can check in for 30 minutes/day
just to see if there’s anything hot as it stinks to miss
golden opportunities.
20. You don’t need to sit in front of the computer 5-10
hours/day…when there’s no plays, go outside and live
and spend time with your family/friends.
21.NEVER trade stocks like Microsoft, Bank Of
America & Priceline — you have no edge whatsoever
and risking money without an edge is the definition
of gambling.
22. What is edge? Where you have an advantage over your
competition…by being meticulous and knowing about patterns
like this, you can have a great edge over the competition in
penny stocks.
23. Be humble or else the stock market will humble you.
24. It’s okay to have a small account at first, gotta get
confidence and prove you can grow it before making the
big bucks
25. Smaller accounts should be more aggressive with
position sizing as making 10% on a $500 position isn’t
as good as making 10% on a $2,000 position.
26. NEVER go all in, no matter how god a stock looks, i
t’s not worth risking disaster.
27. Don’t believe gurus who claim to bank but don’t
show EVERY trade over a multi-decade career…lots
of frauds out there, be careful.
28. Bull markets makes everyone feel like a genius,
but most will crash and burn in other market environments,
always remember the market will change…not a question
of if, just when…be prepared.
29. By thinking of yourself as a retired trader who only
comes back into the game to trade GREAT setups, you
prevent over-trading not-so-great setups.
30. Eat healthy and workout as an unhealthy trader has less
energy and a slower thought process…health is crucial to
successful trading.get ergonomic chairs and don’t slouch
as too many hours in front of a computer is REALLY bad
for your neck and spine.
most difficult to abide by due to ego…when I’m wrong
on a stock I HAVE to get out when it doesn’t go my way.
2. Get out of trades when they don’t go my way — one step
up from cutting losses quickly, many people are surprised to
see me take 5-10-15 cents/share in profits if the stock doesn’t
do EXACTLY what I expect it will within minutes, hours or days
of my trade, depending on the expectations I lay out in the trade
alert, based on patterns like these.
3. Understand the small losses and small gains
don’t get me rich, but they protect me from big
losses and if I focus on taking good trades, those
that do EXACTLY what I expect DO make me rich…
so the key is giving myself opportunities to hit home
runs, but taking singles, doubles and even strikeouts
every now and then to protect my downside risk.
4.While shorting penny stocks isn’t a walk in the park,
nowhere else in the stock market can you make such
predictable 30-70% profits in a day as exemplified by
these live trades captured on video.
5. Be able to go both long and short, I know it’s tough,
but try not to be biased either way as some of the worst
companies in the world have perfect technical breakouts
and while that squeezes stubborn short sellers, agile traders
are long the breakouts because they understand market
mechanics…like VEND’s recent breakout in the $4s before
it spiked to $9 and VISN’s PERFECT technical breakouts
which led to serious Supernovas (as outlined in this DVD
study guide), $5-15 in 3 days, and $18 to $31 in 3 days.
6. Keeping a detailed trading diary on Profitly is key to
figuring out what trades/patterns you should do more and
less of…
7. Growing an account exponentially might sound like a
daunting tasks, especially when the regular finance world
is content to make 10-20%/year, but by focusing on trades
like this, it can be accomplished faster than you imagine.
8. Ignore non-volatile, illiquid penny stocks — every
company has a “great” story, focus only on actively traded
stocks that are in play and moving very quickly…
take the meat of the move, then move onto the next hot
play…not sit around and day dream about a possible
100-500% win like far too many
penny stock “investors” mistakenly strive for.
9. It’s okay to be wrong if you cut losses quickly…
10. All of these profits and success stories sound great,
but it’s important to remember 90-95% of traders lose money…
how is that possible? It’s because they trade with their gut
and have no specific framework for trades…always go into
a trade with a specific plan of what to get out at, both the
ideal exit spot and the spot to exit the trade if it doesn’t go
as planned.
11. Don’t believe any press releases or #s, fraud is
rampant in penny stocks…the key to successful trading
is just to accept that and use each stock/press release
/pattern to try to grow your account and then move on,
understanding that the vast majority of penny stock
companies fail, go bankrupt and their stocks will go to
zero over time.
12. Even though most penny stocks will go to zero,
they can spike a TON in the meantime, especially if
the promotion is successful — never just short sell
and then ignore the stock if it’s going against you…
logic and reason is often week, months or even years
behind in the stock market.
13. 10-20-30% gains in a few hours or days are also
predictable, but not 100-200-300% gains…gotta focus
on taking as many predictable profits as possible,
don’t get greedy.
14. Lists of basic trading rules and a few videos is not
enough to truly understand my proven strategy…my
trading challenge is an entire curriculum designed to
mentor traders and create more millionaires as that
is my goal in life.
15. Don’t be afraid to take the day off when there are
no great plays, too many traders feel the need “for
action” and they waste time & money looking for it.
16.You can’t trade penny stocks if you have $50 to
$300 to your name…the commissions per trade will eat
you alive so save up and get at least $2,000 ideally.
17.Understand all the risks/rewards of what’s
involved with trading
18.If you ever get an email with a penny stock tip, expect
insiders and others will be selling into your buying.
19.Don’t take days off EVER from checking in on
the markets though…especially in hot markets like
these, even if you can check in for 30 minutes/day
just to see if there’s anything hot as it stinks to miss
golden opportunities.
20. You don’t need to sit in front of the computer 5-10
hours/day…when there’s no plays, go outside and live
and spend time with your family/friends.
21.NEVER trade stocks like Microsoft, Bank Of
America & Priceline — you have no edge whatsoever
and risking money without an edge is the definition
of gambling.
22. What is edge? Where you have an advantage over your
competition…by being meticulous and knowing about patterns
like this, you can have a great edge over the competition in
penny stocks.
23. Be humble or else the stock market will humble you.
24. It’s okay to have a small account at first, gotta get
confidence and prove you can grow it before making the
big bucks
25. Smaller accounts should be more aggressive with
position sizing as making 10% on a $500 position isn’t
as good as making 10% on a $2,000 position.
26. NEVER go all in, no matter how god a stock looks, i
t’s not worth risking disaster.
27. Don’t believe gurus who claim to bank but don’t
show EVERY trade over a multi-decade career…lots
of frauds out there, be careful.
28. Bull markets makes everyone feel like a genius,
but most will crash and burn in other market environments,
always remember the market will change…not a question
of if, just when…be prepared.
29. By thinking of yourself as a retired trader who only
comes back into the game to trade GREAT setups, you
prevent over-trading not-so-great setups.
30. Eat healthy and workout as an unhealthy trader has less
energy and a slower thought process…health is crucial to
successful trading.get ergonomic chairs and don’t slouch
as too many hours in front of a computer is REALLY bad
for your neck and spine.
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