The next two or three months could be outstanding for trading. You just have to stay in your lane, stay humble, and take it one trade at a time.
We’re now in full holiday trading. What does that mean? It means in this crazy market year, the upside is only getting more insane. The entire month of December is holiday trading. There’s also tax-loss selling, and then in January, you get the January effect.
More on that soon, but first…
Table of Contents
- 1 Giving to Those in Need
- 2 Trading Mentor: Questions From Students
- 3 Trade Review: Follow the Hot Sector
- 4 Learn to Stay in Your Lane
- 5 Are You Ready for Holiday Trading?
- 6 Trading Education
- 7 Millionaire Mentor Market Wrap
Giving to Those in Need
2020 has been tough for a lot of families. Some have had to rely on food banks just to keep food on the table. In last week’s update, I told you about my donation to the Houston Food Bank.
So I’m happy to share that I made the $100,000 donation last week on behalf of Karmagawa…
HAPPY THANKSGIVING! Today, we usually spend time with our loved ones && give thanks, but 2020 has been tough with many families reliant on incredible organizations like @HoustonFoodBank so it's my honor to donate $100,000 with my charity @karmagawa as we must all help each other! pic.twitter.com/vmv3phrmXY
During this holiday season, I hope you’ll support good causes if you can. There appears to be an end in sight for the pandemic if the vaccines get approved. But we don’t know how long it will take for a full economic recovery.
One thing you CAN do to help spread the word and support good causes is, check out the…
Brand New Karmagawa Charity Merch
At Karmagawa we’re not only trying to raise money for good causes, we’re trying to lead by example. So we’re now focused on making merch that’s sustainable and healthy for the environment, too.
If you want to give Karamagawa merch as gifts this holiday season, get it fast. It will sell out.
Check out the new Karmagawa collection here.
Now let’s get on with…
Trading Mentor: Questions From Students
This week’s question is actually a non-question. What do I mean by that? During my last Trading Challenge webinar a new student, Profit.ly user Sal777, made this comment in chat…
“No questions yet, just became a member a few days ago.”
It might sound weird, but there’s a very important lesson here. (And thank you, Sal, for your comment.)
Too many newbies want to ask a ton of questions without studying first. They ask questions that show me they haven’t been through the 30-Day Bootcamp. Or they haven’t read “The Complete Penny Stock Course.” Or they haven’t watched any DVDs or video lessons.
The problem is, they come with assumptions and misconceptions.
The best course of action if you’re just beginning is…
Study hard. Sit there and watch — take everything in. Come to the webinars and see what kinds of questions students ask. Come to three in a row and you’ll see the same questions come up again and again.
You’ll also realize how little people study.
If you study, gradually, over the course of the next few weeks and months, you’ll come up with questions. For now, absorb everything. Don’t feel rushed or the need to trade every day.
SO many people on Twitter and in these little chat rooms say, “This is what you have to do.” Sadly, most of what they tell you to do is just BS. Never forget that most traders lose.
Let’s look at a trade. It wasn’t even my best trade last week. But it’s good for review because the sector is so hot…
Trade Review: Follow the Hot Sector
The entire electric vehicle (EV) sector is on fire thanks to Tesla. (NASDAQ: TSLA) You’re getting to witness what a hot sector looks like. TSLA is confounding short sellers. There’s been a mammoth run-up and a mammoth short squeeze. In 2020, TSLA is the hottest big company stock in the entire sector.
In penny stocks that creates a ton of opportunity. (Hint: The cryptocurrency and digital payment sectors are hot right now, too. See the Top Penny Stocks to Watch for December, coming soon.)
The lesson is…
A Rising Tide Lifts All Boats
When there’s a hot sector, pay attention to the sector leader. Then look for potential sympathy plays. As you’ll see from my trade, sometimes it’s not the obvious sympathy plays. And, hold and hope is not a strategy.
Let’s do this…
Nano One Materials Corp. (OTCPK: NNOMF)
Nano One Materials caught my attention in July when Bloomberg published this article. The same hedge fund that helped spike Workhorse Group (NASDAQ: WKHS) was calling NNOMF the next big EV play.
First, check out the NNOMF one-year chart:
As you can see, NNOMF spent several months consolidating. On November 24, the company released positive news about battery longevity and stability.
Now check out the intraday chart from November 25 showing my trade…
NNOMF looked to be breaking out of its multi-month base on strong volume and news. But when there was no big breakout, I locked in small profits of $1,184 on a 3.1% win.
So even though this wasn’t a big win, it was worth giving it a shot based on volume and price action. AND because it’s in the right sector, the hottest sector, with a news catalyst. Since the EV sector is still hot, it could run again. I’ll keep watching it.
Now let’s get to this week’s main lesson.
Learn to Stay in Your Lane
The process of getting rich is not enjoyable. What is enjoyable is what happens after you get rich. All my top students have learned that. I want you to learn it too, but part of it is learning to stay in your lane.
What do I mean? Start by focusing on the process. Accept where YOU are in the process.
If you’re brand new, study. If you’re already trading, trade small until you get experience and know what you’re good at. And if you’re two or three years in but still struggling, take a step back and figure out why. It’s possible you’re trying to change lanes when you’re not ready.
Don’t get cocky. And also, don’t close your laptop at 9:32 a.m. if you’ve had one good trade. Instead, learn to control yourself. (Obviously, if you have a busy day where you can’t trade then don’t trade.) But if possible, learn from the market. Especially if you have an overtrading problem.
No Days Off for Your Own Good
A lot of the rules I teach are counterintuitive. They hurt your brain and cause you to get less sleep. They’re not enjoyable. For example, I say “No days off…” all the time. I’m serious about that.
Even two or three years into your journey, you have to be meticulous. Especially if you start feeling comfortable and think, “I got this.” That’s a dangerous moment in any trader’s journey.
If you ever get too comfortable or bet too big, the market will humble you. So this is a reminder that this is not as easy as you want it to be. Nothing worth having in life comes easily.
But once you respect the rules (I trade with these rules) and stay in your lane, the potential is incredible. You see people like Jack Kellogg, Matt Monaco, and Mark Croock making $10K or more per day.*
(*These results are not typical. Individual results will vary. Most traders lose money. My top students and I have the benefit of many years of hard work and dedication. Trading is inherently risky. Always do your due diligence and never risk more than you can afford to lose.)
But they all learned how to do it over time. Remember, it’s a marathon and not a sprint. Figure out what you’re good at. That takes time — so be willing to test with small positions while you learn. Stay in your lane.
Are You Ready for Holiday Trading?
If you’re new to trading, you might not be familiar with holiday trading. It’s something you need to understand. So watch this video and take notes.
How to Take Advantage of Holiday Trading RIGHT NOW
Hint: At the four-minute mark I explain holiday trading in relation to the current market…
We’re heading into a period where, historically, there’s massive volatility. When you combine that with what’s already happened in 2020, it could get wild. Personally, I’ll be more aggressive.
Again, if you’re a newbie, stay in your lane. Watch and learn from it. And be sure to watch my NO-COST “Volatility Survival Guide.” When I made it, I had no idea 2020 would turn into my best year ever. The lessons in the two-hour guide are still relevant. Soak it up.
IMPORTANT: Take advantage of Profit.ly’s HUGE HOLIDAY SALE.
There are several educational resources linked in this post. Use them, but don’t stop there.
New to penny stocks? Start with my FREE penny stock guide.
Like watching videos? Subscribe to my YouTube channel. Better yet, Pennystocking Silver gives you access to thousands of video lessons going back more than 10 years.
+$6k for me today $TSNP $SUTI $CHGI and some more unrealized too, but I played too conservatively so it'll make for a GREAT video lesson this weekend for my https://t.co/fYoUSWX5LK who I'v all taught to be conservative, but sometimes you gotta push it FOR AMAZING HOLIDAY TRADING!
30-Day Bootcamp — I mentioned this already, but it’s too good to pass up. It blows my mind that more people haven’t gone through this several times.
And if you’re ready to commit…
Apply to the Trading Challenge
The Trading Challenge isn’t for everyone. It’s only for people who are committed to a life of freedom through learning my strategies. Not everyone gets accepted. And of those who do get accepted, not everyone is willing to put in the time and effort.
What about you? How bad do you want freedom? Are you willing to show up every day, stay in your lane, and grow over time?
Apply for the Trading Challenge here.
Millionaire Mentor Market Wrap
Get ready for a wild ride. If December closes out 2020 anything like the rest of the year, it’s gonna be fun.
Learn as much as you can from every resource my team and I make available to you. Remember, your goal is NOT to make as much money as you can in the first week or month. Not even the first year. People who try to make a bunch of money swinging for home runs learn the hard way.
Stay in your lane, stay safe, and buckle down. Have a great week!
Are you willing to stay in your lane until you find your trading groove? Do you have trading experiences where you didn’t stay in your lane and paid the price? Comment below — I love to hear from all my readers!
As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!
Which is why I've launched my Trading Challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.
So when you get a chance make sure you check it out.
PS: Don’t forget to check out my 30 Day Bootcamp, it will teach you everything you need to know about trading.