I didn’t become a millionaire trader by avoiding the best setups.
So, when I was late to my own conference in Las Vegas last week…my students knew I was up to something.
The stock I was trading?
MSP Recovery Inc. (NASDAQ: LIFW) – which is now up over 1,000% from last week and yesterday’s biggest percent gainer.
How do you even begin to find setups like this, let alone capitalize on them?
Believe it or not, it starts with a specific mindset I’ll teach you today.
And don’t worry, I’ll explain why LIFW’s setup caught my attention.
Table of Contents
Trade Like You’re Retired
The #1 mistake that keeps folks from reaching their full potential – overtrading.
They see folks like Jack Kellogg with +$12 million in lifetime earnings and want to be there NOW.
Unfortunately, greed and impatience work against you.
I tell folks to approach the market like you’re a retired trader.
As a retired trader, you’ve got lots going on in your life: travel, family, canasta.
You’ve made your money and are living comfortably.
The only reason for you to jump on a trade at this point is because it’s so hands down gorgeous that you can’t possibly ignore it.
I’m talking about a setup that you’re comfortable with, understand it inside and out, and know exactly how to minimize losses while maximizing your potential gains.
That’s what LIFW was.
What Made LIFW so Special
So what could possibly make me late to my own trading conference?
Let me tell you.
It all starts with our StocksToTrade Breaking News.
These guys don’t just reprint news feed headlines. Anyone can do that.
No, they scour SEC filings for something like this:
This filing shows the CEO buying about half a million dollars worth of the stock – not a small amount.
When you have a company that’s bordering on bankruptcy, like many penny stocks, this kind of news can really boost confidence in the company.
But that’s not the only reason I couldn’t just ignore this stock.
Go back a few weeks and what do we find…
LIFW wasn’t just a multi-day, but a multi-week runner.
Stocks with a history of running tend to do it again.
It’s not a guarantee. But it’s a good indication.
Now, even the best ideas aren’t worth squat if I can’t get the right entry that minimizes my risk while maximizing my profits.
My entry at $1.19 came in right as the stock broke out over the prior day’s highs, making this the stock’s first green day after multiple red days in a row.
I put my stop at $1.14, giving me a downside of $0.05.
My profit target was about $1.35-$1.40, giving me a potential upside of $0.20.
So, I’m risking $1 to make $4.
With that kind of setup, even if I only win these trades half the time, I’d still make money.
Pressed for time as I was, I took a quick exit, even though I thought it could keep going.
Stacking the Deck in Your Favor
Not every trade is going to give you these great reasons to take the trade:
- Big news catalyst (that most people would miss)
- Former runner
- First green day
- Great risk/reward
That’s why I trade like I’m retired.
A retired person doesn’t need to take trades to earn a living. They only jump into the best of the best.
The more you learn about the markets, the setups, the patterns, and whatnot, the more of these choice setups you’ll find.
Discover the Art of the 1,000% Stock Gain 📈💰
Ever wondered how some traders seem to consistently catch those elusive, high-gain stocks before they explode?
I’ve made a career out of pinpointing these rare opportunities – and LIFW was a textbook case.
A staggering 1,000% gainer that most missed, but not my students and me.
🚀 Want to learn the mindset and the methods that make these trades possible?
🚀 Curious about why a seasoned trader would skip out on his own conference for a stock like MSP Recovery Inc.?
🚀 Ready to grasp the strategic nuances of trading with the finesse of a ‘retired’ trader?
Join me in a live training session where I’ll dive into the intricacies of finding and executing trades that have the potential to significantly amplify your portfolio.
This isn’t about gambling on any stock that ticks up – it’s about calculated moves, iron-clad strategies, and the patience to wait for the ‘gorgeous’ setups.
📊 Understand what makes a stock like LIFW stand out in a sea of penny stocks.
📊 Master the art of entry and exit points for maximum gain with minimal risk.
📊 Learn to read the signs that most overlook, turning news into actionable insights.
Don’t let another 1,000% runner pass you by just because you didn’t recognize it. It’s time to trade smarter, not harder. It’s time to make the kinds of moves that could elevate your trading game to the next level.
Are you ready to identify and capture the kind of trades that could redefine your financial future?
Your opportunity to learn from a millionaire trader is just a click away.
👉 CLICK HERE TO CLAIM YOUR SPOT in our upcoming live training! 👈
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