The type of trading I teach doesn’t even land on Ray Dalio’s or Bill Ackman’s radar.
These guys take single positions that are more than I’ll earn in a lifetime.
Try asking them how to turn a $6,000 account into $2 million, and they’ll stare at you like a deer in headlights.
But you know what?
At 26 years old, he’s one of several students who started small and became millionaire traders in just a few short years.
People always ask me how they did it…what all these folks have in common.
It’s surprisingly simple…
Learn From a Real Trader
All my profits are donated to charity at the end of each year.
Try getting that same transparency from any other trading service out there.
I don’t just talk the talk, I walk the walk.
I can’t teach you how to invest $100 million.
I CAN teach you how to grow a few thousand dollars into a decent size.
CNBC, Bloomberg, Fox Business, and all the other financial media outlets focus on what Warren Buffet’s doing or the latest moves by Leon Cooperman.
People are enamored with wealth and assume wealthy people can teach them to become just like them.
I hate to break it to you but you can’t do what they do.
Sure, they might give you an insight or two on investing. But even that’s iffy since they can get better deals than your average Joe.
I teach repeatable patterns that occur over and over.
This is the foundation I provide every student.
However, it’s only the first step to becoming a millionaire trader.
Learn to Lose Small
People get it stuck in their heads that you’ll never make any money if you cut losses quickly.
Let me tell you something that Kyle highlighted in his presentation at our trading conference.
Most traders never make it to breakeven BECAUSE of losses.
You see, the journey to profitability has three stages:
- Stop losing
- Turn a profit
I would say that 90% of traders never make it to the second stage.
They never learn how to control their losses.
Think about how many times you or someone you know built a nice winning streak only to wipe out those gains in a fraction of the time on one or two trades.
This happens ALL THE TIME.
I teach my students to train themselves on taking a loss.
Yes, they actually practice taking losses so when the time comes, they don’t second-guess themselves.
You won’t become a millionaire trader if you don’t first learn how to survive.
Find Your Edge
Ironically, Kyle Williams is best known for his short-selling these days.
Because back in the beginning, he first found his stride with dip buying.
It was the first strategy that got him out of the gambling mentality and more consistent in his results.
As a short-seller, Kyle is fully aware of his risks.
In fact, that’s a key focal point in all of his trades.
He knows exactly his risk and where he’s wrong on the trade.
But he’s also not afraid to push the envelope when the odds are in his favor.
Yet, he always remained cautious, knowing those bubbles would eventually pop.
When they finally did, he kept his cool, managed his risk, and traded methodically.
2022 hasn’t been nearly as profitable for Kyle. However, unlike most traders, he’s well into the green.
And that’s what it’s all about.
Kyle works his strategies and styles day after day, week after week.
You won’t make money following trade signals, at least not consistently.
That’s what it takes to grow a small account into millions.