![]() ![]() My third trade of the day was in the ticker symbol OCEA. I’m actually proud of how I traded this because I wasn’t stubborn and disciplined enough to take a small loss. I gave it plenty of time, thinking I might have been early on it, but it still didn’t do anything. I also knew that the stock was a recent runner which gave me further confidence in the trade.īut after the press release, the stock didn’t move much. And we’ve seen several stocks pop off on AI-related headlines. If you’ve been following the markets, then you know that AI has been the hottest sector in 2023. There was a breaking news alert regarding the company’s drone and how it will be upgrading its AI technology. I then jumped into the ticker symbol EPAZ. Taking setups that aren’t optimal makes it harder for you to profit and takes your focus away from other plays that can potentially give you better results. Lesson: Focus on plays that will give you the best opportunity to make money. However, I completely missed the play because all my attention was on FAGI. I knew that this stock had the potential to bounce because it made a similar move last Friday. This would have been a better dip buy play for me if I took it. So I decided to play it safe and lock in a small profit, getting out at $0.0215.Īnd while I didn’t lose money on this trade, I was so focused on it I missed a better opportunity in the ticker symbol GDVM. However, the bounce was weak, and the price action looked terrible. So I decided to buy the dip because this stock has shown me that it bounces off sharp sell-offs. The stock dropped 50% from Friday’s high… And it dipped early Monday morning. It doesn’t make me a bad trader…it makes me human. Most of the time, I’m patient and wait for the ideal setups.īut with more than 250 trading days in the year, I’m bound to slip up and take trades I have no business being involved in. However, the market doesn’t care about that.Īnd sometimes, what I think will happen never materializes. I have a list of stocks I’m watching and ideas for how to play them. ![]() I come to every trading session prepared. Are You Ready For BLEHHHH Trading? © Millionaire Media, LLC You’ve got to war with yourself, fight off temptation constantly, and stay disciplined and patient. While it might sound easy on the surface, it’s NOT. Once you’ve developed your skills, trading is all mental. And that’s something those Twitter traders don’t tell you. You see, there’s not much going on in the market most of the time. Several of my other millionaire students didn’t even make money in year two.īut let’s say you’ve invested the time to learn the patterns, catalysts, setups, and how to put together a trading plan and manage risk… My top students, Tim Grittani and Jack Kellogg, who have made 8 figures each in their trading career, made a combined -$2,600 in year one. Most newbies who get into trading hear about the success stories and want to make money immediately.īut it takes time to develop your skills. You see, there are approximately 252 trading days in the year. There’s one thing you’ve got to understand if you want any chance of making it in this game. You can work from anywhere in the world and create your own hours without limits on how much money you can make. My trading last Monday summed up what you can expect most of the time… What They Don’t Tell You About Trading © Millionaire Media, LLC Meanwhile, yours truly has helped over 30 students become millionaire traders.Īnd if you want to know the cold hard truth about making it… not that fake stuff you see on Twitter… If their “trading system” is truly foolproof, where are the success stories to prove it? These clowns want you to think that trading is the most exciting thing since sliced bread.Īnd that making money in the markets is so easy. The keyboard warriors on Twitter love doctoring images and flashing big wins.įirst, they have the uncanny ability to pick tops and bottoms. ![]()
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