Do you trade for thrills or do you trade to make money?
Because if you trade to make money…then you’re doing yourself a major disservice by trading all day.
In fact, 90% of traders who fail are those who trade impulsively every day, rather than waiting for the best opportunities to arise.
Over the years, I’ve learned the importance of sitting on the sideline when the market doesn’t present itself with the best opportunities…
And I only spring back into action when exceptional opportunities come around.
I didn’t make over 7.4 million in profits by sitting behind a computer screen all day…
So if you want to know want to enjoy more of your free time…
And know how to spot perfect trading opportunities like I did yesterday within a matter of minutes after the open…
You’ll want to see what I have to share with you today!
Taking A Time Out
There is a time when every trader needs to take time off from trading…
Whether it’s for a vacation, or just to clear your thoughts…
It’s the best thing you can possibly do, trust me.
Don’t let FOMO become your worst enemy, there have been plenty of times when I’ve taken a break from the market, especially when things haven’t worked out as planned.
I like to refer to this as “trading retirement”, I will only come out when some of the best plays are available.
Many newbie traders think they need to be glued in front of a computer screen all day every day to get the best plays…
But in reality, that is the worst thing for any trader to do.
You start to develop an unhealthy relationship with the market, which ultimately can cause you to overtrade…
And will lead to unnecessary losses.
There isn’t going to be a great setup for you to trade every day, and recently I have taken a step back from the market with these subpar setups.
I am not going to start risking my hard-earned money in hopes to make a few bucks when the risk is way too high.
Every day I tell my students to focus on the best potential setups and not to force any type of trade…
And yesterday, I decided to come out of retirement thanks to this…
When To Come Out Of Retirement
Earlier I mentioned it’s perfectly ok to stay in retirement until something so perfect comes your way…
And yesterday, it happened.
You see, recently we have seen a lot of one-day spikers, which are just simply failing after their initial run-up.
For example, we have:
- Imperial Petroleum Inc. (NASDAQ: IMPP)
- ContextLogic Inc. (NASDAQ: WISH)
- China Jo-Jo Drugstores, Inc. (NASDAQ: CJJD)
As those plays can be difficult to capitalize on, there is a way you shift the odds in your favor.
Yesterday morning I was alerted about Epazz, Inc. (OTC: EPAZ) thanks to StocksToTrade Breaking News.
Here’s the alert…
And here’s the chart…
These are the types of plays you want to come out of retirement for when you have a strong catalyst like this, and there is higher than average volume to help catapult it higher…
Remember, don’t stay too long in these positions as they can easily turn towards the end of the day or the next day.
StocksToTrade Breaking News plays aren’t the only reason why you should come out of retirement…
But when you have a solid pattern that has been fundamentally sound for the last several days, weeks, or even months…
You should be keeping a close eye on them.
GlycoMimetics, Inc. (NASDAQ: GLYC) has been on my radar for a while now, and this chart pattern has been so solid over the last several weeks…
With several solid break-outs, I was waiting to see if it would break through its multi-year high.
Here’s the chart…
Since I was too busy trading EPAZ thanks to StocksToTrade Breaking News, I missed my opportunity and I didn’t want to chase it.
Instead, I am going to be focusing on a dip-buying opportunity for when that occurs…
So be sure you focus on this every morning and make sure you understand my 7-Step Penny Stocking Framework.
And yesterday, I alerted you about Global Developments, Inc. (OTC: GDVM)
Here it is in case you missed it…
Both of these plays remind me a lot of Western Sierra Resource Corporation (OTC: WSRC)…
So I want all of you to go back and look at the similarities between these stocks and study them so you are prepared for the next opportunity with GLYC!
Last Piece Of Advice
It’s important you aren’t waiting for me to alert you about a trade before you trade…
Because a minute or even a few seconds may be a little too late.
All of my students learned the necessary steps to be successful…
And they take that advice and learned how to find these setups on their own.
Make sure you have the right tools to help you catch some of the biggest plays like I did yesterday…
But also become a self-sufficient trader to can be better prepared to capitalize on some of the biggest gains…
Even when you are in trading retirement.
STUDY UP!
-Tim
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