Welcome traders,
There is a process for success in the stock market. But you need to understand something to truly capitalize …
Your profits will be small in the beginning.
A lot of people don’t like to hear that.
Everyone’s focused on catching the biggest fish in the lake, so they ignore thousands of perfectly tasty smaller fish.
Read my post from X below:
It's funny that many in the trading industry look down on "small" profit milestones like this $10k milestone, but what they don't realize is that my having 40+ millionaire https://t.co/occ8wKmlgm students has created a DEFINITIVE PATH TO MILLIONAIRE STATUS OVER TIME…and along… https://t.co/dULUoIekFV
— Timothy Sykes (@timothysykes) September 20, 2024
We’re small-account traders. We HAVE to be OK with small gains.
I didn’t become a millionaire overnight. None of us did …
Jack Kellogg, one of my most successful students, has $12.7 million in trading profits (including losses).
These days he’s making HUGE trades because he has a larger account.
But if we scroll back to his first few trades, Jack was making (or losing) $100 per position. Take a look:
Whether you’re starting with $100, $1,000, or $10,000 …
You’ve got to focus on the process. Don’t worry about catching the biggest fish.
These small fish add up.
My Trade Positions
The stocks that we trade can spike +100% in a single day.
Especially in this 2024 market!
But I’m not trying to catch the whole move. That’s a dangerous strategy.
Instead, I focus on the price action that matches our trade patterns.
I get in. And I get out.
I’m not going to hold and hope, that’s a recipe for disaster.
Let’s take a look at some of my trades from Datasea Inc. (NASDAQ: DTSS) last week. On the chart below, every candle represents one trading minute:
You can find all my trade notes in this blog.
DTSS spiked 55% the day that I traded it. But my largest percent gain was only 7%.
We’re focused on strategic profits. And sometimes, that means we miss out on the larger part of the move. Notice my first trade on DTSS above, I sold right before the stock surged upward.
Don’t cry over ‘missed opportunities’ like that. Outside of our trading patterns, there’s no telling what the stock could do.
It’s easy for my newest students to get lost in the larger price action … But I have a solution for you:
Use AI to track the hottest stocks following my patterns.
The AI gives us trade plans with potential buy and sell levels. It also tells us when to sell in case the play falls apart.
There’s less pressure to keep holding a stock if there’s a textbook trade plan to follow.
Go catch some small fish today!
Cheers.
*Past performance does not indicate future results
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