Last week was a perfect example of what happens when preparation meets opportunity.
I’m gonna share a few numbers with you. But first I wanna make one thing clear. This is not about me bragging or showing off. This is all about you. You need to understand the opportunities in the market today. Right now.
Because I don’t know how long this will last. I don’t know how long we’ll be in lockdown. You can’t predict how long the coronavirus or the hot police equipment sectors will last. Who knows how long the holiday trading vibe will last…
There’s so much money at stake every day. All I can do is take it one trade at a time.
So far in 2020, I’ve made $279K in profits. In May, I made $106K. Last week I made $59K. And on Friday, June 5, I had my biggest day in years — $19,226 in profits.
(**My results are not typical. I have exceptional knowledge and skills developed over time. Most traders lose money and trading is risky. Do your due diligence and never risk more than you can afford.)
What you need to understand is, it’s not magic. There’s no secret. Instead, you need to face the facts. Remember, preparation meets opportunity is only half the quote…
“Luck is what happens when preparation meets opportunity.”
— Seneca the Younger
It’s not luck, right? That was Seneca’s point. With that in mind, in this edition, I’m gonna change things up a little…
Table of Contents
- 1 Trading Lesson of the Week
- 2 Why You Need to Put In the Time NOW
- 3 Trade of the Week
- 4 Trading Challenge: Where Preparation Meets Opportunity
- 5 Charity and Lockdown Update
- 6 Millionaire Mentor Market Wrap
Trading Lesson of the Week
I’m not trading perfectly. But there are so many freakin’ opportunities — so many plays — it’s allowing me to be better. It makes me look better. In reality, it’s just that the market is on fire. But that wouldn’t matter if I wasn’t prepared.
Preparation Meets Opportunity: Get Your Mindset Right
First, don’t feel guilty if you miss a play. Don’t feel bad if you see someone else making $5K, $10K, or $15K on the day.
Pay attention — this moment can change your life. I want more people to get prepared. On Friday, I made $19K but missed out on more. I only took a small part of the potential profits. That shows you how much opportunity there is…
The reason I’m able to make that kind of money in a single day and still miss out is preparation. The opportunity is there, and I’m prepared. But it’s not just me. My top students report crushing it. And it’s because they put in the time. They’re prepared.
Check this out…
When Preparation Meets Opportunity, It Can Change Your Life
Recently I’ve had a lot of newbie students say “Tim, it looks so easy.” Again, preparation meets opportunity.
Preparation makes it look easy because if you’re prepared there is opportunity. If you’re unprepared, trading can be very confusing.
If you haven’t watched my “Volatility Survival Guide” yet, watch it today. I made it to help you understand what’s happening in the market. It can help you prepare for, and thrive in, this market volatility.
Three of my top students are great examples…
Three Students with Three Years of Preparation
In April, Matthew made $19K. That was his best month ever before he made $48K in May. Now, in one week, he made what his record month was two months ago. (I have a spotlight post about Matthew coming soon.)
But there’s a detail most newbies overlook…
This is Matthew’s third year in the Trading Challenge. It’s also Jack’s third year. And it’s year three for Kyle.
So are these guys special? No. They’ve studied their butts off. They’re a great example of what happens when preparation meets opportunity. And they’re also dedicated to paying it forward.
Last week I was a special guest with these guys on the TWIST (This Week in SteadyTrade) podcast. Check out the episode below.
Preparation Meets Opportunity: TWIST Episode
Why You Need to Put In the Time NOW
It’s not likely you’ll find a better market than we’ve seen the past few weeks. On the podcast, we talked a little about how it seemed to be slowing down. But the rest of the week was crazy. I don’t try to guess what’s coming. But I do know this … now is a great time to trade and a great time to learn.
So you really need to put in the time now. Study so that you can be prepared. Even if you’re not making big money right now, try to learn from it all. Then you’ll be prepared next time there’s market mania.
That time might be this week. Or it might be next year. Here’s my point — success happens when preparation meets opportunity. The reason it looks so easy for me and these students right now is that we’re prepared. We’ve all put in the time.
What Will You Do Today to Prepare for Tomorrow’s Opportunities?
Right now there are a lot of opportunities. But most of you reading this aren’t fully prepared. You don’t know the seven-step PennyStocking Framework to a T. You haven’t studied all my video lessons and DVDs. You haven’t watched Tim Grittani’s Trading Challenge webinars.
Some people even say, “Tim, a webinar from two years ago doesn’t matter.”
Wrong. It’s all about studying the past. Right now you get the added bonus of witnessing a truly hot market in real time. Take advantage of it. Study the past and you’ll see how amazing this market is.
What About Hot Picks?
I’m pumped right now because I see how much potential there is if you can follow instructions. It’s an exciting time. Still, some people say things like, “Tim, just give me hot stock picks. I don’t need to study. I don’t need all this other stuff.”
This is what I have to say…
How prepared are you for all the hot plays? The sad reality is most traders are not prepared enough/at all, they just chase other people's alerts & "hot picks". While that works is easy markets like this, you'll get destroyed down the road…you MUST learn to be self-sufficient!
Never follow my alerts. Never follow alerts from anybody. Learn why I’m making a trade. Why am I entering? Why am I exiting?
Yes, there’s a lot of opportunity. But you need to study. You need to have the right tools. Then you can capitalize on the opportunity. So stop thinking about hot picks. Instead, study the past and learn from the present. Use that knowledge to prepare for tomorrow’s opportunities.
Here’s a good example…
Trade of the Week
This trade wasn’t my biggest win of the week. But it’s a perfect example of how you can bank when preparation meets opportunity. Check it out…
Digital Ally, Inc (NASDAQ: DGLY)
Digital Ally is a police equipment play — specifically, body cameras. DGLY spiked based on a tweet showing police wearing its body cameras.
Check out the DGLY chart from June 5:
As you can see from the chart, I didn’t even take the whole meat of the move. But I made a profit of $3,450 in a few minutes.*
So how did I know DGLY was a good play?
… you’ll see it went full-on supernova. Here’s the DGLY 10-year chart…
Watch this video for more on my DGLY trade and…
Lessons From the Best Trading Day of 2020
How do you get from where you are now to that level of preparation?
Trading Challenge: Where Preparation Meets Opportunity
There’s no magic formula for getting rich. There’s no magic formula for learning everything right away. You can’t download the information like you see in movies. But you can work to speed up your learning curve…
My Challenge students get two to four live webinars every single week. That speeds up your learning curve. They also get access to the best trading chat room I’ve seen anywhere. That speeds up your learning curve.
The Trading Challenge is the best way I know to help you get prepared. And it’s where you see, again and again, how preparation meets opportunity. Matt, Kyle, and Jack aren’t the only ones. So many other students are crushing it in this market.
More Resources to Prepare for Opportunity
If you want more resources…
Charity and Lockdown Update
Most weeks I start the update with this section. It’s super important to me, but I needed to get your attention about preparation. Why? Because when you’re financially free you can give even more.
We’re talking with a bunch of charities. Unfortunately, not much is happening with the virus everywhere. All the school-building has stopped. It’s sad but … we’ll get through this.
Millionaire Mentor Market Wrap
Every day that you come to the battlefield unprepared, your risk of being decimated goes up. And every day you fail to prepare means more opportunities missed.
Here’s another opportunity for you…
On Friday, June 12, I’m hosting a Market Mastery 2020 all-day webinar. Trade live with me. Ask questions. Prepare now to take advantage of tomorrow’s opportunities.
See you there.
Success comes when preparation meets opportunity. What are YOU doing today to prepare? Comment below, I love to hear from all my readers!