How To Trade This Current Market

Recently I’ve become obsessed with planning ahead of time, that’s why I’ve written recent blog posts “Hereβs How Iβm Playing All These Hot Stocks Now” and “My Plan For The Next 10 Months” as I think that’s key for you to become my next millionaire trading challenge student.
And today, the overall US markets are down big and earlier I warned my chatroom (get access here) of the downside potential and for everyone to go into protection mode as that’s the key in this choppy market environment that’s long overdue for some more pain for longs, see my new video here I made just to explain that a little more in depth:
Yes, yes, I am the ONLY TRULY safety-first penny stock day trader in the world, except for maybe this guy who is a discipline ninja when it comes to getting out of trades going against him….this legendary penny stock trader cuts losses intelligently rather than quickly, so let it be known that you always have a choice, you can be conservative or aggressive, whatever suits you and your personality…
Download a PDF version of this post as PDF.
…although I should warn you that when you’re first beginning it’s FAR easier to be strict with cutting losses quickly and only get more aggressive over time when you have more experience and know how…and it’s FAR more difficult to be aggressive at first and then get all safety-minded later on.
The best part of my several Millionaire Trading Challenge students is not just the millions of dollars that they’ve made, but the fact that they’re self-sufficient and unlike far too many gunslingers who I’ve encountered over the years, they prioritize risk management and safety first as it’s NEVER just about how much money you can make on any one trade, what matters FAR MORE is the risk-reward of that trade i.e. never risk losing everything you have, or even anything close to it, in order to make just a few hundred dollars or a few thousand dollars as there’s SO MUCH shit that can go wrong on any trade, there are MANY reasons why NONE of those gunslingers still trade…as in they don’t trade AT ALL because they lost everything or they trade with such a small account that it can’t even be considered trading, the price they pay for taking on too much risk earlier in their career and losing big.**
This is not to say don’t trade at all in this current market, on the contrary, all this market downside and volatility opens up some solid trading opportunities and you might know this is my favorite pattern of 2018 and I’m waiting patiently for the next example.
Just be alert and beware that yes, 3 out of 4 stocks do follow the overall market and it doesn’t just matter if a stock is red or green on the day, when the overall markets are down this much it becomes VERY difficult for any of these penny stocks to go truly Supernova like we saw last week, so that dramatically reduces the potential rewards for longs and increases the risks, hence why the overall risk-reward ratio gets out of whack and I say trade EXTRA safely.
And trust me, I’m well aware that my “safety-first” mantra isn’t very popular with traders, I’ve heard all the arguments against it and ye since I’ve been teaching for 10+ years now I’ve seen SO many traders come and go, SO many traders who think they’ve found new strategies that can make them a millionaire quicker than my previous Millionaire Trading Challenge students and every single one of them has failed to become a millionaire and most of them have failed entirely, losing anywhere from 50% to 75% or even 100 to 150% of their capital (yes you can lose more than you put in if you find yourself on the wrong side of a short squeeze i.e. so much for thinking it’s SO easy to just short sell every penny stock pump and dump and you’ll make money eventually when they all come down…NOPE!)**
But I don’t teach to be popular and I actually enjoy putting newbies in their place as I’ve heard all their ignorant assumptions and misconceptions before and it still blows my mind how cocky some newbies are and how little they respect experienced, veteran traders who have been around and seen a LOT more than they have)
So, I want you to read this blog post in its entirety and watch that video lesson I included up above and leave a comment below with what you think…will you play it safe in times like these? Or will you be stubborn and go for home runs and not cut losses extra-quickly? The choice is entirely yours, all I can do is pass down rules, patterns, and lessons that I’ve learned the hard way over the past two decades.
By all means, you choose what’s right for you as ALL my top Trading Challenge students have become self-sufficient so that should be your goal too…just don’t say I didn’t warn you if and when this market becomes uglier and you ignore my warning o be extra-safe.
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. Iβm 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: Donβt forget to check out my 30 Day Bootcamp, it will teach you everything you need to know about trading.
Knowledge supports growth and development.
I promise to be safe
I promise to be safe. I enjoyed watching your video although I have no clue about stock trading. I want my life to change and I am going through to check the links for your free materials to view them. Thanks so much Tim. Tracey Greene
I will be staying safe
GOOD!
Am still a novice,trying to watch your videos and all,I promise to be safe,Thanks Tim!
Cool
Good stuff Tim. Challenge student here. Thanks for your wisdom.
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I promise to be safe
I promise to be safe…Thank you for caring .
I promise to be safe. Thanks for caring about us all. Tim, I think so very much of you. Thanks again. kCorn cob man
Always!
I promissed to be safe
I promise to be safe
I have recently found your site Tim and have signed up hoping to be one of your students. I have a little trading experience but have done too much on emotion, lost some, gained some. Listening to your videos is drilling into me to not have FOMO. What I need to be better at is cutting my loses.
I’m learning to be safe and make more profits!
Cheers,
Dear Tim, Iβm a stay at home mom from South America living in Austria at the moment. I heard about you from James Altucher, he said youβre the only trader in the world who does it right, and from what Iβve read and heard from you, heβs right. I applied to your challenge without knowing the price. If I start with the silver plan will it be possible for me to reach the amount to take part in your challenge? Reading about the actual market state and the possibility of market correction bound to happen soon, is it realistic for me to set this goual through the silver plan?
Thanks for your answer in advance!
10-4 Conolel
I promise to be safe.
I promise to be safe!
Thanks Tim, I promise to be safe! I’m in two swing trades, “originally day trades with decent profits that I held too long while learning discipline that turned into losers” I’m close on one and I don’t know about the other. If nothing else these two trades have slowed me down, which caused me to study more. as soon as I’m out of either one of them I will order stocks to trade. Have definitely recognized key mistakes. The first was not taking profits and the second was not cutting losses quickly. I hope those two lessons are cemented in my mind now. Appreciate everything you do!
It takes obedience to succeed. Experience is the best teacher they say. There is no comparison between zero percent & 99percent when it comes to knowledge.
Hey Tom thanks for confirming what I thought Sunday night as I was searching for safe stocks to trade. Right now is not a time to be playing 50/50’s. I’m playing it so safe that I might not make a trade this week, maybe not next week either. I’m still watching and looking but I’m prepared to sit out if there’s nothing just too good to pass on. BTW I applied to be your next student last week, hope I get it. Thanks for the advice and I’ll stay tuned even if I don’t get picked.
Like the video. I believe in taking advice from someone who knows what they are talking about. Always be willing to learn. I also from what I have been learning about the market agree with you. I Was also wondering where do I find your chat room
Yesss thank you for this post , really puts thing into perspective. So many begginers ,like myself, get blinded by the money and put the risk managements to the side. Huge mistake as I have lost big at one point and am making my way back . Listening to veterans like you tim make all the difference. Cheers and happy Trading
I’m really interested, I just don’t know anything about stocks or when to trade.
Are you related to Maurice Laday?
Manage risk by cutting loses. If I don’t, who knows how long until break even will return plus no money to play with since it is locked in. I wanted to join profit.ly but having login issues. So, I’ll just piece the puzzle together.
Cutting losses quickly is a challenge for me, since I’m not great at determining my entry and exit points yet. I started learning to trade a month ago… but I will play it safe! I’m watching and learning and reading everything you recommend. Thanks, Tim!
I promise to be ultrasafe!!!
I promise to be safe
I PROMISE TO BE SAFE. Thank you
I’m starting out, so I’m going to take your advice and play it safe, let the trades come to me.
I just got back into trading. It’s strange trying to learn in a chaotic market. Already closed many positions and staying safe until the market decides on a trend.
Thanks, Tim. We appreciate all you do.
I Will play it safe in times like these! Thanks Tim!
Okay dokay now. I think we all including myself pretty much know you’re highly ambitious. This is why likeminds tend to prosper together. π
Are you listening? Are you getting what I’m trying to tell you. Am IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiight? π
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I will trade safe.
i promise to be safe
GOOD!
Great blog and video lesson, I promise to be safe! Trade like a sniper, adapt and keep rule #1 foremost when the trade doesn’t go my way.
Thank you much, Tim.
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thanks tim , iam from india, iam watching your videos for almost one year
Awesome!