Get ready for some Monday motivation … lockdown motivation … millionaire motivation.
Whatever you want to call it…
Let’s focus on motivation.
It’s come to my attention that some people are going through lockdown fatigue. After all, there’s only so much Netflix binge-watching you can do, right? Not to mention Facebook echo chamber screaming…
People want something to do with their time. It’s probably the same people who complained they didn’t have time to learn anything new two months ago.
If that’s you — or anybody you know — it’s time for…
Table of Contents
- 1 Monday Motivation
- 2 Millionaire Monday Motivation Tips
- 3 Questions From Students
- 3.1 “Tim, there are a lot of plays right now with non-biotech stocks. But they’re still influenced by the coronavirus. Do you have any thoughts on industries/companies taking advantage of the pandemic?”
- 3.2 “You had a sweet trade on TLSS. Considering the recent failed FGD gap ups, what made you think this would work?”
- 3.3 Transportation and Logistics Systems (OTCPK: TLSS)
- 3.4 What Stocks Have Market Momentum?
- 3.5 What Does the Market Respect?
- 3.6 The Right Industry and Right Position
- 4 Why You Should Get in the Trading Challenge Chat
- 5 Monday Motivation Market Wrap
“At Netflix, we’re acutely aware that we are fortunate to have a service that is even more meaningful to people confined at home, and which we can operate remotely with minimal disruption in the short to medium term.”
More meaningful to people confined at home? How about more brain-wasting idiocy from lazy people? THAT sounds more accurate. It’s more meaningful to their business.
More power to ‘em. But don’t be one of their statistics because it’s NOT more meaningful to you. I have a better statistic…
Here’s a little Monday motivation for you…
Millionaire Monday Motivation Tips
Monday Motivation Tip #1: Stop Wasting Your Life
It blows my mind how many people say they want to be rich but aren’t willing to work for it.
I have no problem with Netflix or entertainment. I love to watch movies. Many of you know I’m a huge fan of “Game of Thrones.” I’ve watched every movie on the IMDb Top 250 list.
All that comes after you become a millionaire.
I say this a lot, but here it is again: there’s no magic formula for getting rich/successful, luck definitely plays a part, but so does preparation & I must tell you that the harder I work & study the “luckier” I seem to get with my results in both trading & teaching! #nodaysoff
Before I became a millionaire, I got obsessed with the stock market and trading. Once I discovered penny stocks, that was it. (Get my FREE penny stock guide here.) Total focus. My friends used to come over my senior year of high school and all I could talk about was stocks and the market.
So get busy. You have no excuse. Who knows how long this lockdown will last. Take advantage of it.
Monday Motivation Tip #2: Challenge Yourself to Be Better
Do it. Right now.
Challenge yourself to be better, do better, and live better. The world is open to you if you’re willing to put in the effort. I can’t promise you’re gonna gain freedom. That would be completely impractical.
But I can guarantee you this…
If you don’t challenge yourself, there’s no hope.
I work non-stop so you don’t have to. This isn’t me trying to brag when I tell you how hard I worked to learn trading. It was a different time, with different tools.
You have it easier with trading. But that doesn’t mean you can be lazy. It’s not gonna happen for you just because the world is different. You still have to put in the work.
You MUST use this opportunity to increase your financial knowledge & come out of this crisis wiser/better prepared so you’re not condemned to live like most Americans with savings of less than $10k, learn to grow your wealth, have 6/7 figures in the bank & be self-sufficient too!
Everything my team and I create is to help you speed up the learning curve. But you’re not gonna learn it by watching TV.
Here’s what Profit.ly user CrazyWillows had to say about this guide:
Apr 07, 4:41 PM CrazyWillows: “Thanks Tim, anyone who does not watch the guide is an idiot!!! Its brilliant education and thank you for doing it for FREE!!!”
Be better. Do better. Do it now.
Monday Motivation Tip #3: Celebrate Success
This is probably gonna sound weird. But pay attention.
… the traders in the chat room celebrate each other’s success. When someone has a win — even a small win — other students congratulate them. When you celebrate someone else’s success, it motivates you. Especially if they’re doing what you’re trying to do.
When you read my tweets, you’ll see traders at different levels of experience studying like crazy. Follow them as they refine their process, build confidence, and learn the rules. (I trade with these rules.) It’s important for you. Why? Because you need to see it’s regular people learning to do this.
You don’t have to be good at math or super smart. I’m not.
Are you motivated? Good! Let’s get to some…
Questions From Students
It’s anything related. Anything. Food delivery stocks … drone delivery was hot last week. Obviously you still have to watch mask companies and hand sanitizer companies. You just gotta think, “What do people need right now? What’s being used right now?”
Peloton and Facebook are two big companies I can name right off the top of my head.
On April 29, it spiked on a solid earnings report after hours. Why did Facebook do well when other companies are struggling? Because people are so bored. They’re on social media all the time. And if you look on Facebook, the desktop version is more popular than Facebook mobile. Because people aren’t going out right now.
So start thinking about what people want and need.
“You had a sweet trade on TLSS. Considering the recent failed FGD gap ups, what made you think this would work?”
TLSS was closing nicely. I didn’t expect it to be that big. It was very similar to Tim Grittani’s recent Abraxas Petroleum (NASDAQ: AXAS) trade. He didn’t expect to make $94K** overnight. He was buying a breakout.
[**Please note Tim Grittani’s results are not typical. He has exceptional knowledge and skills developed with time and dedication. Most traders lose money. Trading is risky. Do your due diligence and never risk more than you can afford.]
My TLSS trade was the same thing. For Grittani, AXAS doubled. On my TLSS trade, it didn’t quite double but I had a solid gain.
Let’s take a look at the trade…
Transportation and Logistics Systems (OTCPK: TLSS)
Here’s the TLSS chart from April 28–29:
As you can see from the chart, it had a nice uptrend into the close on April 28. My goal was to make 15%–30% overnight on a gap up or morning spike. It was a perfect gap up for a 41.3% win and $4,750** in profit. It doesn’t get much better than that.
[**My results are not typical. I have exceptional knowledge and skills developed over time. 90% of traders lose money and trading is risky. Do your due diligence and never risk more than you can afford.]
What Stocks Have Market Momentum?
For example, Amazon (NASDAQ: AMZN) was at all-time highs last week. It had record revenue heading into its earnings announcement. But plans to spend $4.4 billion on coronavirus response caused AMZN to fall after the earnings call.
Back to Amazon…
… it’s a great example of why I prefer to NOT be in a stock when earnings get released. It’s better to see how the market reacts. Ask yourself…
What Does the Market Respect?
You gotta start thinking, “How will this virus help certain companies and industries?”
When a company has news that’s respected by the markets and…
… the stock is spiking…
… you ride it. You ride it a little bit.
And sometimes you get a bigger reward like I did with TLSS.
Regardless of whether you get a big win, study. That’s how you put yourself in…
The Right Industry and Right Position
I underestimated AgEagle Aerial Systems (NYSE: UAVS) last week. It was pretty crazy. I bought UAVS on April 27 when CVS and UPS announced a partnership to deliver medicine to the elderly via drone. Drone delivery is AgEagle’s business, so this was a sympathy play.
Check out the UAVS 10-day chart:
As you can see from the chart it didn’t really take off on April 27 when the news hit. It took off on April 29 — the day before the conference call. Then overaggressive shorts got squeezed sending it higher. It spiked even more during the hours leading up to the conference call.
It’s interesting to note the shorts were right. They’re all saying “This isn’t a good company…” And fundamentally they were correct. But early shorts got crushed. Props to some students, like Jack Kellogg, who shorted UAVS on April 30.
Let’s wrap this up with a little more Monday motivation. Back to the Trading Challenge chat room…
Why You Should Get in the Trading Challenge Chat
I don’t think there’s another chat room in the world with more successful traders.
Check this out…
Who else? Kyle Williams, Michael Goode, Tim Lento, and Huddie. (Hint: if you don’t know each of these traders and their stories … read those posts. Bookmark ‘em. Read them every day for inspiration and motivation. Share them today on social using #MondayMotivation.)
Check out these comments from students last week…
Trading Challenge Chat Room Comments
DocBrian: “That Thursday was my first day in the trading chat room and it was mind-blowing how accurate he had been in the seminar the day before.”
MrBeanGhostRunner: “this chat room is the best tool to watch stock.”
DH911: “first week in the challenge – first time back in a chat room in like 2 decades but loving all the talk and information.”
Markbhenry77: “Congrats everybody!!! What a great chat room Tim has made for us here!! You guys and gals are the best! Hope everybody has a great day today!”
The Challenge Chat Room Is Stacked and Loaded
Even if I didn’t own it, it would be my favorite chat room in the world.
Seriously, I can’t thank so many of my top students and our little trading community enough for all their help & guidance for newbies, it’s Not just about $, getting educated, learning rules & staying disciplined really matters it’s truly an honor to be part of this great team!
I’m grateful that everyone who’s doing well still wants to help teach other people. They want to help newer traders develop the right mindset and process. It’s incredible.
Monday Motivation Market Wrap
Right now … before you do anything else… write down (or type) five things that motivate you.
Just do it. I want you to dig deep and find what really gets you going. What would it take to make you study every day? What vision do you need to stay focused?
For me, my reasons have changed. When I was young and brash, it was all about the money and nice cars. Now it’s about giving back. I donate all my trading profits to charity. With my charity, Karmagawa, we build schools and work to save endangered animals.
And then there’s family…
Watch this video I made last year with my parents. I love being able to do things for them because they believed in me and supported me.
How I Find Motivation
I also love watching students grow. So whatever you do … NEVER quit. Be a winner.
Winners NEVER quit and quitters NEVER win…remember that and choose your path wisely…only retweet/favorite this if you promise to NEVER quit on your dreams for as long as you live as with enough hard work, dedication & patience, YOUR DREAMS CAN COME TRUE! #NEVERQUIT #DREAMBIG
Are you ready? Let’s do this … #MondayMotivation!
What motivates you? Share in the comments below. I love to hear from ALL my readers!