Earlier this week, I was traveling and didn’t have good Wi-Fi. When I finally checked in, something caught my attention. There were 2 HUGE runners, but only a few of my students had traded them. That’s when it dawned on me…
We’re seeing some OUTSTANDING breakouts right now. But with solid breakouts, there’s always some risk… You don’t want to just buy any breakout (these are VERY volatile stocks). Mind you, I’m not a perfect trader.
There was a time early in my trading career when I bought breakouts. Later, I made a lot of money short-selling penny stocks when others said it couldn’t be done. When I came back from the dark side, my favorite pattern was the dip buy (it was SO reliable).
If you’ve been trading for more than 6 months, and you’re still not finding success, there’s a very specific reason why. And it’s probably not what you think… It’s not your strategy or your account size. It might not even be your discipline.
I built myself into a self-made millionaire by trading volatile stock spikes. Other people wanted to know how I did it. So I taught them and challenged them to reach the same $1 million milestone. That was in the early 2000’s.
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Founder of Weekend Trader
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Sr. Research Analyst for TRADEMONSTER.ai Alerts & Market Rebel [...]
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