If your trading is causing you:
- Sleepless Nights
Then this will be the most important message you read today.
You see, most newbie traders have been lied to.
They’ve been told they must plop their butt down, sit in front of their screen, and trade all day if they want to make money in the markets…
…that the best traders are scalpers, and you should strive to become one.
Sure … if your goal is to wear down physically and mentally … go for it.
Trading is whatever you want it to be.
You can trade all day and punch keys like a monkey…
Or you can do what I’ve taught my 32 millionaire students…
The key is to focus on A+ Setups like the one I’m about to show you.
Like Shooting Fish in a Barrel
Trading is simple when you discover the right setups to play and manage your risk properly.
However, most traders make it hard on themselves. They overtrade bad setups and lose their money.
You can do much better for yourself once you stop trying to scalp pennies and nickels and instead trade less and play for bigger moves.
Plus, it will be better for your mental and physical health.
I don’t know about you…I’d rather trade easy setups than hard ones.
I choose setups that I believe have a high probability of working.
It has nothing to do with my intelligence level … The last thing I want to do is try to outsmart the market.
Focus on ‘gimmes…’
Like Epazz Inc. (EPAZ), a setup I traded on Tuesday.
Breaking Down the Setup in EPAZ
You can still find plays in a choppy market if you concentrate on stocks with catalysts.
And that’s exactly what we got in EPAZ on Tuesday.
EPAZZ Holdings’ ZenaDrone Open AI Predictive Will Conduct Flight Demos with U.S. Government Agencies.
EPAZ is doing something with AI, referencing the hottest AI tech platform company Open AI, and it will be conducting flight demos with U.S. government agencies.
AI has been the hottest sector in 2023. We’ve seen several stocks pump higher after mentioning AI in their press releases, and even more so when including OpenAI, the owner of the ChatGPT platform.
That tells me that it has the potential to pump off of a press release if the catalyst is strong and the trading volume ramps up.
Now that I know the catalyst and context, one thing remains certain before I place the trade…
The catalyst needs to be confirmed by the price action.
I want to see the stock trending higher on aggressive volume, breaking out to highs.
I jumped on this within the first half hour of trading and grabbed shares at $0.0055.
EPAZ has a history of large spikes following press-release pumps.
Here’s the price action I saw on the 1-minute chart.
As you can see, the price action was very clean once it broke out.
To me, this is an easy bullish setup to trade.
As a trader, you can pick to trade clean setups that look clean…or make life hard on yourself by trading more challenging setups.
For example, Expion360 (NASDAQ: XPON), had a nice move up recently…
But good luck trying to trade this type of price action:
No, thank you!
It’s really easy to get chopped and lose money taking a stock that moved like EPON.
That’s why I avoid taking hard trades.
I ended up making 27% on that EPAZ trade.
I know a few people on social media who messaged me did significantly better, and I am super happy for them.
I’d rather wait for gimmes than churn my account trading subpar setups.
Being a trader doesn’t mean sitting in front of a screen all day and hitting buttons. If you really want to climb the ranks, stop trying to make trading harder than it is.
Instead of jumping from one trade to the next … learn to be more patient and wait for the best setups. Then, only take those!
Once you’ve studied and learned what setups you trade best, then focus on getting the right tools to help you find the plays.
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