Lots going on right now for me and I’m SO far behind answering SO many questions, I figured it’d be easiest to write a blog post explaining my plans for teaching/trading for this month…
February 15th my team and I will publicly unveil this revolutionary software…its already given me the head’s up on WATT/MGI wayyyyyy ahead of of everyone else in the past few days alone, both stocks spiked $1-2/share in the next hour, even after I sold because I’m not used to having such a crazy advantage as I have been…so go to http://stockstotrade.com and get on the earlybird list ASAP to get the earlybird specials we’ll soon be sending out…no more questions on that until 2 weeks from now, that’s it.
I was SO honored to be invited on The Steve Harvey Show last week, along with 2 of my top students Michael and Ivan, Steve was the single best interviewer I’ve ever had, even better than my interview with this legend!
Sooooooo many people have contacted me since seeing that asking where to start, here are some basic links:
As for what I’m trading with, I’m still in prison (see details) and my $12k account has grown to $14k in the past month despite numerous mistakes, the PDT rule, margin issues, free-riding issues, what a mess…and yet my tiny account is still growing solidly and more importantly, I’ve been trading EXTRA-safe to show you how to exit positions WHENEVER you feel there’s something wrong, even though I’m usually right…you can never trade too safe in this dangerous market.
But I also got a lot of great feedback from my many students with larger accounts who felt they were being ignored, so I held a poll HERE to see if I should open up a larger account…56% wanted me to just stick with the $12k account only, but 44% wanted me to add a larger account too…so I have and now I am trading with my prison $12k, now $14k account, and a new $500k account and I specifically state which account I’m using in every trade alert…most of the time I stick with trading my small account, but when there’s a higher priced stock in play, or a better setup, I go big.
This way I can best teach ALL my students, whether you have a large or small account, and I gotta say the larger account helps feed my ego as while I love showing you guys step-by-step how to grow a small account, if I run out of day trades or have some other silly administrative issue with the account (mostly due to the fact that I have been labeled a pattern day trader from years past due to all my accounts being greatly over $25k for several years), I’m tempted to just take a day off and that’s not right as it’s important that I still feel the need to watch and comment on the market every day for the now 1,300+ traders in chat.
So, while I wish I could be entirely selfless, I have to admit that I’m a multi-millionaire trading addict too so while I try to control my addiction and not trade as much as I want to (remember this student who we discovered 80%+ of his profits come from just 6% of his trades…less is more) and I can’t help but enjoy the adrenaline and rush that comes with trading with a larger account, despite it still being just 1/20th of what I should have in my accounts if I weren’t teaching at all.
So in the first few days of my trading with 2 accounts, my $500k account has made roughly $5,000 or 1%, and my $12k account, as I said is now $14k, a solid, if undistinguished 17%, in a time when the overall markets are down roughly 10%…not a bad start at all for me and I welcome the bear market since my strategy really excels now even though I had my best trading year ever of nearly $1 million in 2014 in the middle of a bull market…helped by these great trades
Now onto the current overall markets and what patterns are working best every day, watch these videos:
And while it’s important to see the hottest stocks, recognize the morning spikes, dip buy opportunities and even the short selling into morning spikes patterns, using these 2 great penny stock brokers, you also need to have the right mindset, which is why I made this MUST WATCH video too:
So, that’s my February trading and teaching plans, mystudents now get 2, 3 or sometime even 4 live webinars/week from my millionaire students and I, so that’s mostly likely where my next millionaire student will come from…it all comes down to how dedicated of a student you are.
Hard work doesn’t guarantee success, but it does up your odds and sadly, out of the thousands of students I have, less than 15-25% even bother watching the video lessons that they’re paying for! Very similar to those with gym memberships where 80% of people who have a membership don’t even bother going to the gym.
I’ll keep teaching, giving webinars, making video lessons, watch lists, alerts, commentary and answering questions galore, but it’s up to you to take it all in and apply the information as I don’t want ANYONE following ANY trade alerts from ANYONE, all my top students are self-sufficient and they’ve learned to structure their own trades and trading plans by watching other successful traders, right or wrong, win or lose, every new trade offers up tremendous lessons if you’re paying attention!