More and more people are considering day trading as a viable alternative to working for a corporation these days.
I have witnessed a big rise in interest lately…
In part due to COVID-19 and the stay at home orders… as well as the massive layoffs around the country.
Getting stuck at home with all this time, naturally, you would want to find ways to be productive.
And with how resourceful we are as humans, we want to find a way to adapt to the changing times.
If virus shutdowns become the norm, we want to be prepared with options.
And with a potential shift to “work from home,” What if our job doesn’t offer that?
You are here for a reason, whether it’s related to COVID or not, it probably has something to do with being in control of your own life.
It’s a decision I made several years ago when I decided to leave my job as a teacher…
And since then…I’ve never looked back.
Here’s my story…
For the same reasons as many others over the past few months, I started day trading somewhat out of necessity.
I was an elementary school teacher trying to make ends meet while paying off a mountain of school loans at the same time.
Needless to say, it was not easy. And as much as I loved my job (I’m a teacher at heart), I needed to find a way to improve my family’s quality of life.
(Getting the kids started young)
Being that I didn’t have a lot of money to get started, I needed to find a way to make money from almost nothing.
And that’s what led me to the stock market.
I didn’t know much about the stock market other than it was a place where I could make a lot of money fast… or lose it fast for the matter.
But regardless, it was pretty much the only place I saw an opportunity for me to start with almost nothing and turn it into something meaningful.
So I went for it and dug in to learn everything I could.
Mind you it wasn’t easy as I was also working full time.
I would use every minute between classes to research stocks and charts in the teacher’s lounge. And as soon as the final bell rang… I was hitting the computer to place my trades.
I noticed that each day there were some really big movers in the market.
These were the kinds of moves that could really change the game for a little guy like me.
The other thing I noticed was many days 8 out of the 10 biggest winners would be lower priced stocks, small caps, and penny stocks.
It made sense. A 25 cent move on a $1 stock is 25%, while a $100 stock would have to move $25 to put up the same return.
I had heard a lot about penny stocks being a place where people could use as little as $500 to get started… and actually make real money.
But how could I find these stocks… and do it before they made their move?
Armed with this realization, I decided to study the biggest movers every day and search for patterns and anything else that might help me pick them out the day before.
And that’s what led me to develop the strategy I use with Profit Prism today.
I look for certain criteria and when it all comes together, leads to explosive moves overnight.
Studying the biggest movers, I found certain patterns of price action and volume that happened at the end of the day, often leading to big moves the next morning.
I began entering the stocks that fit my criteria, holding them overnight, and cashing in the next morning as the momentum carried over into the open…
Being a schoolteacher, this allowed me to work within the hours of the day that I had free—after the school bell just before the market closed.
It wasn’t too long before I was making more money trading than teaching and I moved on to trade full time so I could focus on developing my strategy further.
I am happy to say that today I am back in the teaching profession.
As I said, I am a teacher at heart. I truly love helping others learn and accomplish great things.
So once I made it as a trader… I turned my focus to helping others do the same.
I think everyone deserves to realize their dreams and provide for their family.
That’s why I developed my Profit Prism service where you will get my full suite of an all encompassing trading education…
From start to finish, everything you need to know about my strategy, every step of the way.
And to compound on that… I started my Profit Prism Platinum service… where you get access to my live trading chat room…
This is where I trade live every single day on a live stream, so you know every step I’m taking each and every day.
Not only do I trade, but I also do live lessons, answer questions, talk about all the stocks that are moving, and what I think about them…
And you also get my moderators insights and their personal trade alerts as well.
Join me this Tomorrow Thursday May 28 at 3pm EST for a live training session on my Profit Prism strategy.
I want everyone to get the opportunity to see first hand… How to make money in the markets today.
I will go over my personal strategy to find tomorrow’s biggest winners, today.
And I’ll be sharing the details of my custom scanner that I use to find them…
You won’t want to miss this because once I show you how to find them, I will also take a live trade right there… take it or just watch, but you will be learning a lot all for free…
What if you could start your week off with profits?
That might just take the edge off the rest of the week, letting you focus on your best trade setups without worrying so much about each tick.
Well, that’s why I love my Profit Prism trading strategy…
I key in to specific patterns at the end of the day that have the potential to make big moves the next morning…
And it’s no different on a Friday… I’m just cashing in Monday morning to start the week off with a bang.
Today, I just hit on 3 winners in a row with my picks for the long holiday weekend.
And it’s not really that complicated either.
In fact I’ll walk you through it in a matter of minutes…
Hexo shot up last Monday… and pulled back just as fast.
I actually see this a lot in penny stocks.
And when I do see it, I keep my eye on what happens next.
In this case Hexo pulled back but found support around the beginning of the move.
My entry on a setup like this is when the stock makes a good move off of the new support… and that’s what I got on Friday going into the holiday weekend.
Notice the size of the candle on the move up and the big spike in volume.
This was telling me there are buyers getting behind this move and it’s likely to carry over to the next day… likely with a gap up from the strong momentum.
And that’s just what I got… waking up to a gap up and nice 19% gain after relaxing over the long weekend.
Of course my members are right there with me with trades of their own.*
Fred even took an options trade off the alert… with a bigger return than any of us.*
Here’s my second winner of the day.
TLSS set up last Wednesday. I entered at .062 as it was pulling out of a consolidation range and trading above the 50 day.
The key to getting me in was the large volume on the move up… and the fact that TLSS was trading strong into the close.
People wanted to be in this stock, and so did I.
The profit was there Thursday morning and I took some off early, but I really liked this stock so I held on to some of it for a bigger move.
And that’s what I woke up to this morning… TLSS blasted off. Up 100% from my trade alert when typing this. Learn how to find stocks like TLSS
Of course I didn’t capture all of that, but with quick double digit returns over and over… I don’t need to.
I just need to get my profits and move on to the next trade. Hold on too long and you could be holding the bag when the stock pulls back just as fast as it went up.
My members know what I’m talking about.*
3 for 3 on the day… Heat Biologics…
After a good pop up a few days ago, HTBX paused staying in the upper range of the breakout bar.
Friday when it began another strong move up on strong volume, I jumped in to hold it over the holiday weekend.
This morning I cashed in for my 3rd win to get this week started fast.
And of course my members find ways to trade alongside me.
But I encourage and teach them to make it their own.*
None of that is super complicated…
And this Thursday May 28 at 3pm EST, I will be going live to share all the details of my strategy…
Space is filling up fast, so register now and secure your front row seat to all the action.
*RagingBull.com, LLC utilizes select testimonials depicting profitability that are believed to be true based on the representations of the persons providing the testimonial. However, trading results have not been verified and will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. It is easy to lose money trading and we recommend educating yourself as much as possible before you even think about trying it. Past performance is not necessarily indicative of future results.
We’ve all done it.
Take some time off… come back…
…and start firing off trades— only to get eaten up by the market.
It’s amazing how easy it is to get out of sync after a short break.
With tomorrow being a market holiday, I figured now is a great time to share with you my strategy to staying sharp after a layoff.
There are 9 market holidays per year and you should definitely take some longer vacations beyond just those days.
We all need time to re-set.
But the market doesn’t wait for anyone.
So if you aren’t ready for trading when you get back from a break, you could really put a dent in your profits for the year.
But with these simple steps, you can get back to trading on the right foot…
What did the market do while you were gone?
Simply read the headlines that moved the markets and take a look at any individual big movers while you were out.
Find out what’s been moving the markets and get a feel for the current mood.
And of course check out any stocks you normally trade or the ones you are watching.
Take some time to analyze the charts.
Look at the moves… did it hit any support or resistance levels, any moving average crosses, what was volume like on the moves, etc…
Simply analyze the chart as you normally would.
This will get you back in the feel of the market as if you were never gone.
Now that you are caught up, make a plan.
This is no different than any other trading day, so why would you ever think about coming out of a break without a trading plan.
Stick to your normal strategy when looking for trades and plan your trades for the next day ahead of time.
Whether coming off a break or not, you should never go into the trading day unprepared.
If a trade doesn’t’ set up, don’t force it.
If you don’t feel comfortable trading, lower your risk… or just don’t trade.
Stick to your best setups, don’t hesitate… but take less size.
That always helps me when I come off a break, or a losing streak for that matter.
Lowering your size until you get back in the flow is one of the best things you can do. It allows you to trade through the hiccups without getting slaughtered.
And if you’re really feeling out of sync, there is nothing wrong with sitting out a day or two of live market action to get back in the flow before placing any trades.
You could even paper trade to remember how it feels when the market is going against you and get readjusted to the emotions related.
And that brings me to the final technique…
Simply take less trades.
You can do this by focusing on the very best setups only.
Being a little less active gives you time to take trades and gain the confidence back before going heavy again.
And if at any moment you feel uncomfortable, just take a pause.
Review your plan and stick to it. When in doubt or if you get emotional, get out.
And take the time to clear your mind and re-set.
Coming out of a break can go one way or the other.
To make sure it’s a smooth transition…
Master your emotions by sticking to your rules.
Have your entry and exits planned out ahead of time. And stay emotionless.
Using these techniques has always helped me come off of a break from trading.
To learn more about what makes me successful as a trader,