I want to tell a little story … one about profits and losses.
Personally, I don’t like slapping on huge positions and having to deal with the emotional roller coaster that comes with taking big losses.
A lot of people say, “Tim you trade like a coward.”
Yeah, I do. Because when I trade scared—trading isn’t scary.
Which leads me to the second half of my story.
I just got an email from someone that traded the same ticker on Monday …
He used the entirety of his daughter’s college fund, held overnight, and now he’s down +90% on Vision Energy Corp (OTC: VENG).
I don’t want this to be you. It doesn’t have to be you.
Let me show you the truth about these companies and how to trade safely …
How I Knew To Sell
These are crap stocks, plain and simple.
Yes, the opportunities are insane.
But the risks are just as mind-boggling.
There’s a reason why these share prices are below $5.
The sooner you realize that the better.
In the case of VERB, I knew what was going on …
It’s a classic pump and dump. The company released a statement similar to the Genius Group Limited (AMEX) press release from earlier last week. It sent that ticker soaring +200%.
It had announced an investigation into illegal trading.
But Monday evening, the company held a public offering. Diluting the share price while raking in cash.
Hence the term ‘pump and dump’.
Look at this chart of VERB now …
Understand, the stocks I trade are trash.
They spike, and then they die.
To my friend that lost big on VENG … I can’t do much to help his account.
But he messaged me back in 2017 as well. Evidently, he didn’t keep studying as I had suggested. Otherwise, he’d have known not to hold overnight on a multi-day failed breakout sitting right above support.
Here’s a chart illustrating the failed breakout over resistance at $20 and the support at $10 before prices fell through on Monday …
My sincere condolences. I never enjoy messages like this. And I get them more often than you’d think.
Luckily, I can help people going forward.
It’s why I created the Trading Challenge.
I knew my process worked, and I saw countless traders losing to these predictable pump and dumps.
Already, the Challenge has minted 31 millionaire traders. And countless other consistently profitable traders are on their way …
Don’t swing big on a random chance without studying.
There’s not a single good part about that sentence …
Do … study reliable patterns and only trade what you can afford to lose. Consistency will come, and that’s when the money gets real.
It’s time to get real about your trading.
To your success,