There are so many chatrooms, forums, communities and websites in the world of traders, especially the penny stock trading world, but the vast majority of them are worthless and even dangerous so you must be VERY careful who you learn from as this ridiculously long bull market has opened the door to many fakes who you can see don’t show ALL their trades transparently and many of whom simply buy low float stocks in the hope of spiking them all within minutes, or even seconds, with no real strategy at all hence why they’re not real trading millionaires and therefore cannot show any multi-year trading track record like I do here because they’re just pretenders.
UPDATE: Please wish Tim Grittani a very happy birthday today here, you don’t need to get him anything though because I think this milestone was more than enough 🙂
Another great week of trading and another big milestone for my top Continue readingstudent, now teacher too, Tim Grittani who as you can see here just passed $4 million in trading profits in his 5th year of trading:
Just the other day I posted “8 Millionaire Traits That You Should Have“, today’s post is the exact opposite of that, as it’s good to know the “do’s” and “don’ts” if you truly want to become a millionaire.
I would do a video lesson right now on all of this, but as I write this, I’m actually in the middle of the jungle in Southeast Asia as one of my charity’s newest schools officially opened today and I got to meet 1,000+ kids who will be studying there, which was a great experience, but the wifi is so bad here it’s crazy!
I bring that up because even with my situation here, I still made roughly $2,000 today in trading and I’ll post a detailed video lesson for my subscribers in a few days when I get back to a big city. Continue reading
There are many different types of millionaires out there. Some have made their riches in the stock market; others have made millions in real estate. Regardless of the industry and style, though, most millionaires do have a few things in common (other than just money).
Often, millionaires share certain traits which help increase the odds of career success, you can NEVER guarantee profits or riches, all you can do is put yourself in the best position to achieve your goals. Be sure to read “An Athlete’s Guide To Stock Trading” and understand success all comes down to “boring old habits”.
Below I list some of those habits/traits so that you can work on incorporating them into your life.
1. Desire. Desire is absolutely vital to financial success. At the core of this is setting specific goals. They will create the spark of desire to succeed and attain what it is that you want. It’s this desire that will galvanize you into action.
Just idly wanting to be rich is not going to make or keep you millions. However, having specific things that you want incredibly badly to attain and setting yourself to do whatever it takes to attain those things will get you there. This deep-seated desire is a trait common among millionaires.
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See more in this video:
2. Skills And Tools. Millionaires absolutely need to assemble the skills and tools necessary to succeed in their chosen profession as to rise above the masses you must be extra-prepared. Now, this doesn’t necessarily have to mean formal education. Even though I did go to college, for instance, I taught myself how to trade penny stocks, which is how I began to make my fortune.
Groundbreaking tools like this can help you beat others in the stock market as technology can give you a leg up as this video shows:
Taking the time to truly learn your trade and develop skills is vital if you want to be successful in business. If you want to follow my path as a penny stock trader, consider my Millionaire Students, helping them by offering an education on penny stocks but also imparting some of the knowledge that I learned the hard way. Developing a strong skill set is vital to becoming a millionaire.. Basically, I act as mentor to my
3. Independent thinking. Yes, you need to develop skills, and this means learning from others. It’s important to absorb knowledge from a variety of different sources, including books, media, and a mentor. However, it’s equally important to retain the ability to think for yourself.
If, in your learning, you realize that you’re just becoming a parrot of facts and opinions of others, then it’s time to take a step back. To really succeed in business, you need to be able to think on your feet and problem-solve. So do pause during your learning to really ponder how you feel about certain things. Develop opinions and be able to defend them. Millionaires are able to think for themselves…for example, This Great Trader thinks entirely for himself, he doesn’t need my training or alerts AT ALL.
4. Perseverance. The dictionary defines perseverance as “steadfastness in doing something despite difficulty or delay in achieving success.”
Gaining skills, developing knowledge, and getting good at your chosen field have something in common: they require time and perseverance. You have to be able to commit to doing what it takes to get ahead in business. At times, it will be challenging, and you will want to quit. Things will get hard or discouraging or confusing. But if you persevere, you will penetrate a level of success that few realize.
5. Vision. There’s a reason why many millionaires are referred to as visionaries. Sometimes, it takes vision to see opportunities and ways to make money where others haven’t before. After all, Walt Disney never could have become a millionaire if he didn’t have the vision to see an opening for a magical world that nobody had considered before.
Having vision doesn’t mean that you have to be a creative genius like Disney, but it does require that you think out of the box a bit. Believing that you can find success and sometimes in unexpected ways is one of the traits common to Longtime Millionaires.
6. Passion. To become a millionaire, you have to move past being just a good worker. The best work ethic in the world won’t get you ahead without a driving force. To really stick with it and succeed, you need a deep passion for the process.
What if you don’t feel as if passion comes naturally? There are tips that I can offer.
One is that you need to really focus on your goals and turn your work into a game: let the passion for what you want drive, turning your work into a game that can get you there.
Another is that you need to challenge yourself to find something in your work that you really, really love. For instance, in penny stock trading, you might not love doing your research–it might not ever be anything other than boring. But if you can develop a love of the process of trading and choosing which stock, this will keep you going in the long run.
7. Reason. Millionaires dream big, but they also have the ability to get real. This means that sometimes, they have to face their strengths and weaknesses to make reasonable choices which will be the best for their career.
For instance, you might not want to walk away from a business deal, but when you’re meeting resistance and losing money, sometimes you have to have the wherewithal to cut your losses.
As another example, reason means that you have to know when and how you can improve in various situations. Sometimes this can be hard to do, but the ability to reason will help you in becoming a millionaire.
8. Patience. You’ve heard that patience is a virtue, right? This is particularly true if you want to become a millionaire. You need to calm down and be patient.
It’s true that it doesn’t need to take years and years to become a millionaire. Nonetheless, it’s unlikely to happen overnight. You have to stick with the process and be patient while you slowly improve.
Moreover, there are many different types of people who become millionaires. But regardless of the industry or personal style, there are certain traits which most millionaires share. By cultivating and developing these traits yourself, it’s highly likely that you will see improvements in your professional life.
Which of these millionaire traits do you have?
URGENT: This great penny stock trader is giving a live trading webinar for my students tomorrow morning 9am EST so be sure to wake up early as it should really rock!
We’ve all had rough trading weeks, but it’s in those times of confusion and loss when you can really search yourself and figure out what you need to do to improve, so I love this story below. One of my Continue readingstudents who has constantly studied hard and now turned around his earlier losses and is now profiting $4,000 in a week!
URGENT: You have 72 hours to save $400 off HERE
Yesterday I featured this student up 450%, today’s 80-minute video below shows the 4 best stocks for tomorrow and I answer 30 /explain all about what makes my so special and what exactly is this tool I use every day and why it’s so useful. Please like this and leave a comment/share it too, as I’m tired of answering these same questions all the time!
I’ll get that video transcribed shortly, since I know how important it is to even my valued deaf students and what I’m about to say next might sound surprising, but stay with me. Continue reading
Most traders could use a little improvement. If you want to be at the top of your game, professionally, it’s important to continually work on improving your performance.
As a trader and an entrepreneur, the self-improvement never really ends, if you want true and lasting success. You want to constantly refine your trading methods, stay on top of current events and keep on improving, to remain competitive and relevant and, most importantly, to do the best you can. Continue reading
My Take On Politics, Power, Protests And Profit OpportunitiesURGENT: You have until February 1st to save big HERE on something you should be using every day to enhance your trading
A lot of people ask me who I support politically and what I value…I think this new video I just posted on how to truly make an impact in the world says a lot:
…but the #1 topic on the news and social media right now is our new President, Donald Trump and his inauguration and all of the protests that come along with it. And, the top question I’m getting asked is how will it affect the stock market and what can we do about it?
So, I will finally answer these questions in detail below!
If you read my blog post, Can You Guess Who I’m Voting For?, you have an idea on my position. But, I’ll expand on it here, just to really drive home my points, since my views are a bit strange and I get that.
First of all, it’s important to remember that no matter the election results or who is in power and what those protesting say or do, it creates stock market volatility and individual trading opportunities, if you’re prepared ahead of time, which is my sole focus in helping my students right now. Continue reading
Happy MLK Day! Every year we have this special day off to remind ourselves of a great American who fought for liberty and equality. In the past, I’ve made analogies here with respect to the disgusting biases that exist in the finance world and Wall Street.
I know, I know, it’s not nearly as important as what MLK stood for, but it’s important to note, so that you can understand the opportunities that exist in the stock market thanks to this bias.
To celebrate MLK Day this year, though, I won’t give any corny speech. To truly capitalize on the opportunities that I see unfolding every day lately, I want to review some basic lessons from the past year that I think are crucial to your eventual success.
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2016 is now over. Hopefully, you read my blog post, “Reviewing My 2016 Performance” and saw my video below about my top student making nearly $1 million:
…and now you see HUNDREDS of my students profiting every day now, as I outlined this video that surprised quite a few people:
(in the interest of time, I normally only feature 5-10 students per day, I’d have to do 90-minute daily video lessons to try to highlight everyone doing well. Even then, I would miss many. The beauty of my near decade of teaching FINALLY paying off)
…you know it was a VERY good year for myself and my students, thanks to some truly incredible stock market volatility in the last few months of the year that allowed junk penny stocks like DRYS to spike from $4 to $100+ in just 4 days and then come all the way back down just 4 days later and IDXG to spike from $1 to $20/share in just 3 days.
2017 has started out incredibly strong too, as we’ve seen SEVERAL incredible Supernovas on absolute junk biotech companies, like ETRM, which went from $2 to $30 in 4 days and now back to the $13s just 3 days later and DFFN, which just last week spiked from $2 to $15+/share in just 2 days, before crashing and burning like all the rest.
So, here are 17 lessons to help you crush it in 2017: Continue reading
URGENT: Save 35-70% off holiday specials HERE and for just a few more days and this 11-hour guide is free for just a few more days too (it’ll be $500 within just a few more days so watch it all NOW ASAP!)
Happy New Year! I’ve been giving one Chanukah gift per night and I’ve gotten behind on my blog posts the past few days so here’s a recap of your Chanukah gifts:
Chanukah gift #7 was a video highlighting the best trader mindset
Chanukah gift #6 was a video exposing a common newbie trap
Chanukah gift #4 is the best pattern right now
Chanukah gift #3 were 3 top stocks I was watching, all of which spiked nicely
Chanukah gift #2 was a presentation by my $630,000 profit student Mark
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Today I want to review my teaching and trading performance over 2016 as this was my best year yet mainly due to this TV Steve Harvey Show appearance with several of my top Continue readingstudents: