3 Takeaways From My $3K Week

By Updated on July 7, 2023

3 Takeaways From My $3K Week Thumbnail

Over the last 90 days my overall trading performance has been mixed.

Going into Friday, I was down nearly $12K…

But that’s largely because of one boneheaded trade that cost me $27K.

Since then I’ve been trying to chip away by trying to rack up small wins.

Last week I made nearly $3K by being safe and selective.

Today, I want to talk to you about what I’m seeing working…

Plus…the one thing that will stop your progress dead in your tracks and how to avoid it.

Short Sellers Are The New Promoters

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Short sellers suck.

They all sit around together and pray for the worst to happen.

They are like a psycho cult…If you don’t share the same beliefs as them they’ll shun you.

But you know what?

I’m so grateful for them.


Because they are creating opportunities for me in this market.

Their overaggressive shorting…broken logic…and herd mentality is a gift.

Take for example this play in APLD

There were multiple short reports coming out bashing the stock.

Maybe they are right about the company…

But the markets don’t care…and fundamentals don’t matter in the short term either…We all saw what happened with the meme stocks in 2020…

Squeezes and Supernovas are still occurring…although they aren’t mentioned as much by the mainstream talking heads.

Look at what PWM did on Friday…

Nothing like a +240% Supernova…

Source: StocksToTrade

9 out of 10 times these moves are created by stubborn shorts.

You’ll likely never hear about their losses…but when they disappear from the scene…you’ll know why.

Pay Attention To The Patterns Working

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Last week, a classic pattern emerged…The First Green Day Setup.

Three specific indicators must align for a consistent OTC first green day play.

These include:

  • Big percent gainer with volume: The stock should be up enough that scans pick it up.
  • Holding gains: Towards the close, the stock should be at, or near, its high of day (HOD).
  • News catalyst: A significant announcement or news affecting the stock should be present.

The fact that IQST was a former Supernova…also gave me reason to get excited about this setup.

Look at the random spikes IQST has had over the years…

They had a solid catalyst… with news of an AI-backed Metaverse app that sent the stock flying.

Tesla Gains Some Friends

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Tesla has been the stand alone winner in the EV race this year in terms of stock performance.

But we’re starting to see other players emerge…

For example, RIVN had a phenomenal week, gaining more than 50% after it posted strong Q2 production numbers…

The move in RVIN created several sympathy plays.

Ticker symbols MULN, CENN, and VLCN all finished the week strong.

Keep an eye out for these lesser known EV plays if the sector keeps going: SEV, PSNY, WKHS, FSR, and AYRO.

Remember…when I mention a symbol it’s only for a potential trade.

I wouldn’t invest in any of these companies…nor hold them for an extended period.

This Will Kill Your Trading

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I’ve recovered a decent chunk of my losses from my $27K disaster but not fully.

I’m still trading small and trying to pick up small wins.

I’m also being selective.

I know that if I can keep the losses small…I can eventually find my rhythm.

I’m also traveling like crazy so I don’t want to be in that many trades. That said, if there’s one thing that will mess up your trading is OVERTRADING.

Not only should you get outside and enjoy life and not be a slave to the screens…

But let’s face it…you only want to be trading your best setups.

If you’re not doing that…you are gambling.

Everyone is vulnerable to overtrading…you’ve got to be careful.

The best way I stop myself from doing it is by reviewing my trades and reminding myself what I’m good at.

My goal isn’t to entertain myself or waste the day in front of my screen.

It’s to make money in the safest way I know how.

That’s it.

If the opportunities aren’t there…there is no reason to get involved.

Hence why I tell people to think like a retired trader.

You’re Only Limited By Your Imagination

jack and tim
© Millionaire Media, LLC

If you are looking to trade alongside other millionaire traders…learn the same setups and develop the right mindset…


They are 100% Free to Attend. 


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Comments (1)
Author imageTimothy Sykes
Hey Everyone,

As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!

Which is why I've launched my Trading Challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.

So when you get a chance make sure you check it out.

PS: Don’t forget to check out my 30 Day Bootcamp, it will teach you everything you need to know about trading.

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