Imagine standing at a crossroads…
A secure, six-figure job in one direction, the unpredictable world of trading in the other.
What would you choose?
This was the exact scenario Matt Monaco faced in 2019.
With his trading account bleeding and a promising engineering career calling…
Matt stood on the brink of abandoning his trading trading dreams.
Yet, he made a decision that defied logic to many…he doubled down on trading.
What happened next is not just a story of financial turnaround…it’s a tale of unwavering determination.
Matt didn’t just save his trading career…he rocketed to becoming one of my top students…now nearing $2M in trading profits.
Source: Business Insider
How did he achieve this remarkable feat?
Matt distilled his journey into 7 crucial lessons, unveiled at my Las Vegas conference last week.
Table of Contents
- 1 Before We Get Started
- 2 #1 Focus On Longs – Tim Sykes
- 3 #2 Date the stock, don’t marry it – Tim Bohen
- 4 #3 Understand the stock’s WHY- Michael Goode
- 5 #4 Start with the Big Picture – Tim Grittani
- 6 #5 Small Losses are Key – Michael Hudson
- 7 #6 Look where others aren’t – Jack Kellogg
- 8 #7 Wait for the best – Kyle Williams
- 9 🚀 Discover The Most Crucial Trading Lessons at Our Next Live Training 🚀
Before We Get Started
Before I share with you Matt’s 7 lessons it’s important to note that his success wouldn’t be possible without support.
In fact, during his live presentation in Las Vegas, he emphasized how important a role that having a community played for him.
You see, most people view trading as another form of gambling.
Some believe it’s impossible to beat Wall Street at its own game…while others think money is the root of all evil.
Whatever the case, it’s not easy to find like minded people who share the same goals as you.
Not only did Matt find them, with the help of his community he began to thrive.
In fact, the seven lessons I’ll be sharing with you are ones he directly got from them.
#1 Focus On Longs – Tim Sykes
I started out my career shorting penny stocks. The strategy made sense because the companies I shorted were pure pump and dumps. I had a lot of success with it, and it helped me on way to becoming a millionaire.
However, over the last few years I’ve basically stopped shorting?
Because the strategy has gotten overly crowded.
Not to mention, the risk vs. reward has shifted greatly.
If you have a small account and are trying to grow it, then try to focus on taking longs only. That’s what Matt did, and continues to do so.
#2 Date the stock, don’t marry it – Tim Bohen
We’ve had so many epic short squeezes over the years…
Imagine buying a stock at $0.50 and seeing it go to $10…$20…or even higher.
So many new traders fall in love with the idea of hitting the homerun trade.
But the majority of penny stocks are pure garbage. Matt learned from Tim Bohen to look at these setups as trades only…and not to fall in love with them.
I myself always advocate to take profits along the way…a strategy that has served both Matt and I well.
#3 Understand the stock’s WHY- Michael Goode
So many newbie traders get caught up in the PnL and never really improve.
Every trade offers a learning lesson. What Matt learned from Michael Goode was to be curious.
Start asking questions…
Why is this stock moving, is it sector related, does it have to do with market structure (low float, high short interest, etc.)? Or a specific catalyst?
By being curious you will be able to pick up on trends faster which potentially lead to bigger and better trading opportunities.
#4 Start with the Big Picture – Tim Grittani
Often we’ll get excited about a catalyst or setup but fail to see the big picture. One thing Tim Grattani does and something Matt has adopted has been to look at the big picture.
For example, instead of looking at a one day, one-minute bar chart, take a look at the daily chart, or the weekly chart.
Does the stock have a history of big spikes?
Are there key levels of support and resistance?
Sometimes the past will give us clues about the future.
#5 Small Losses are Key – Michael Hudson
Becoming a consistently profitable trader doesn’t happen overnight. For some folks, it never happens.
But if you want any chance at it then you must keep your losses small.
Something I always preach and something Matt picked up from Michael Hudson.
The name of the game your first few years is building up that knowledge bank.
Learn while taking small losses. And don’t let one or two trades take you out of the game.
#6 Look where others aren’t – Jack Kellogg
I’m not going to lie…this is an advanced tip that Matt picked up from Jack.
It basically means to try to anticipate what will happen next.
For example, if one stock from one sector is firing off, it could create some sympathy plays.
If one area of the market is working, is there a similar area that could gain momentum off that?
Again, this is more advanced, but something successful traders attempt to do from time to time.
#7 Wait for the best – Kyle Williams
One thing that is often misunderstood about trading is that it’s always action packed.
While it’s true… trading can be exciting at times…that’s not always the case.
In fact, what Matt learned from millionaire trader Kyle Williams is to not rush into trades and to be patient.
If you know there is a certain setup that you excel at as a trader…doesn’t it make sense to focus on that setup?
Of course it does…
However, some traders are such action junkies…they are willing to trade anything that moves.
No wonder why so many of them lose money…
Top traders like Kyle are extremely patient…and are willing to sit on their hands until the right setup comes their way.
🚀 Discover The Most Crucial Trading Lessons at Our Next Live Training 🚀
🔍 Stuck at a crossroads in your trading career? Wondering how to pivot from near-failure to success?
Matt Monaco’s story is a roadmap you can’t afford to miss.
📉 From the brink of quitting to skyrocketing near $2M in profits, Matt’s journey is nothing short of inspirational.
But how did he do it? How did he turn around a failing strategy and not just survive, but thrive in the trading world?
👥 It’s all about community, strategy, and knowing when to act. Matt’s seven lessons, each a gem mined from the experience of seasoned traders, could be the key to unlocking your potential.
1️⃣ From focusing on longs to understanding the stock’s ‘why.’
2️⃣ Seeing the big picture to keeping losses small.
3️⃣ Looking where others aren’t to waiting for the best setups.
💡 These aren’t just tips; they’re a transformation in approach. And they’re all waiting for you at our next live training session.
👁️🗨️ Witness firsthand as we dissect these lessons.
📈 Learn how to apply them to the current market scenario.
🌐 Join a community that supports and grows together.
⏰ Don’t let another trade go by without this crucial knowledge. The time is now to reshape your trading strategy, just like Matt did.
🔥 Are you ready to learn from a true trading turnaround story? Eager to apply these lessons to your own trading journey?
✅ Your opportunity to elevate your trading game is just a click away.