Are you tired of seeing your trading account suffer because you’re running a playbook that no longer works?
You might feel stuck, unsure of what to do, and frustrated with the lack of progress.
The good news is there is a way to break out of this vicious pattern.
And it’s pretty simple to implement right away.
I can tell you right now, I wouldn’t have made more than $7.4 million in trading profits without this.
And I doubt I would have had over 30 millionaire students from my program.
This one switch could be just what you need to turn your trading around.
It’s Not About What You Want…It’s What You Need
In 2020 and 2021 I made more than a million dollars each year from trading penny stocks.
However, I barely crossed six figures in 2022. Of course, making money in 2022 in of itself was an accomplishment given how horrible the overall markets performed.
And that’s something new traders are now realizing.
You need to be willing to make adjustments and test new ideas out.
Plain and simple.
The stock market is cyclical. Some strategies will work in this market environment…but in another…they can be totally useless.
Early on in my career I was mainly known for being a short-seller. I figured it was a lot easier to pick out scammy pumps and dumps than guessing which overhyped tech stock would run up.
But about a little over five years ago…I noticed that short-selling penny stocks were getting to be more dangerous.
The squeezes would be longer…
In my opinion, the risk no longer matched the reward.
If I didn’t make that adjustment I likely would have blown up my account.
It seems like at least once a month now we see 1000% single day gains…like we did in TOPS last week.
Stuff I’m Testing Out Now
With the market acting the way that it has been…I find it to be a good environment for testing new ideas.
Before I tell you what some of them are I should first tell you how to approach new ideas.
You’ve got to be like McDonald’s.
When McDonald’s creates a new menu item, they don’t just roll it out to all their restaurants.
They may pick a few locations to test out, get feedback and gather data before they decide to go for a bigger rollout or kill the experiment.
If you’re making money right now trading a specific strategy that’s great.
If you’re not, you should check this strategy out.
Either way, you want to be trading significantly smaller on these ideas because they’re not yet proven.
The profit and losses from these trades should be tiny compared to your other trades.
I can’t tell you how many newbie traders will jump into a new strategy and just go balls to the wall.
It’s reckless and dumb.
It’s your money…be smart with it.
Right now, one new pattern I’m watching is buying range movers on former Supernovas.
For example, check the chart below on the OTC ticker ENZC.
That’s some good upward momentum for 3-straight days.
It has a similar pattern to DPLS…
Of course it’s not an apples to apples comparison…but it’s pretty darn close.
Here is a longer term chart of DPLS…
Once a pump…always a pump.
And given their recent momentum…maybe there’s a new pump on the way?
I don’t know.
I’m just speculating and testing new ideas out.
As long as I trade these small and keep my risk tight then I should be fine.
I encourage more traders to do this.
For example, Matt Monaco has made money trading NFTs and Mark Croock is crushing it with options, and those are two markets I don’t play in much.
If you want to have long-term success in trading then you must learn to be flexible and open to testing new ideas.
It’s the only reason why I’ve had so much success and longevity.
If you’re thinking about taking your trading to the next level, but think you could use some help, then check this out.