That’s all you see on social media
Traders bragging about how much money they make and never revealing their losses.
The truth is you don’t need a lot of money to get started…and you don’t need to trade big either.
In fact, I’ve made over $10K this month without a single win over $1K.
And the best part?
I’m barely in front of my screen trading.
All thanks to this one strategy I’ve been utilizing.
If trading less and making more sounds good to you, keep reading.
Why Less is More
Have you ever felt like the harder you work the more difficult trading becomes?
It’s almost like the more time you spend trading the harder it gets.
You’re not imagining things.
The more someone tries to trade, the worse they typically do.
At an extreme, it becomes overtrading.
A lot of folks think that when I say work hard and study hard it means trade more.
That’s the OPPOSITE of what I want.
Instead, I want you to be more patient and selective, reading the charts, and waiting until the setup comes to you.
The key is to remove your emotions from the equation and focus on making the best decisions possible.
At first, it’s going to feel like all you’re doing is waiting.
But trust me, you’ll eventually start hitting trades, and the ones you take will have a better chance of success than what you would have taken.
Real Life Examples
Jack Kellogg is one of my most successful millionaire students.
But just because he’s got over $10 million under his belt doesn’t keep him from making the same mistakes as the rest of us.
Earlier this month, Jack took a $15,000 loss. It’s not his worst loss, but it got to him.
So, he decided to take it easy, lighten up on his trading, and focus on the upcoming webinar.
Sure enough, once he pulled back on the throttle, he found success.
My journey to $10,000 this month followed a similar path.
I didn’t swing for the fences or force many afternoon trades.
Instead, I watched and waited, striking when the moment was right and locking in profits.
Most days, I was done by 10 a.m.
Take Mullen Automotive Inc. (NASDAQ: MULN) for example.
This stock offered up a near picture-perfect morning panic dip buy.
Even though there hadn’t been many of these setups in August, I waited patiently for one to form.
In the meantime, I practiced and studied morning panic dip buys in preparation for their return.
So, when MULN hit, I was able to take full advantage.
Now, I only caught a piece of this move, exiting at $0.598. Shares continued to rip higher, peaking at $0.96 on the day.
Some traders took the opportunity to lock in profits along the way, set a stop at breakeven on the remainder, and see how high they could ride the rest.
You never know which stocks are going to become monsters.
So why force it?
Let the trades happen on their own.
Which Setups Are The Best?
If I had to pick one setup to trade for the rest of my life, it would have to be the morning panic dip buys.
It’s my bread and butter.
But just because that’s MY best setup doesn’t mean it has to be yours.
Heck, Jack Kellogg and Kyle Williams love to short stocks (something I’ve rarely done in years).
It’s the beautiful thing about what I teach.
You see, it’s not about what I do so much as why.
Don’t waste your time chasing the hottest stocks without a plan.