Most people living in wealthy countries would agree that we’re living in an age of infinite choices.

Rather than having a limited set of options, with the rapid growth of technology, many people find themselves facing what is commonly known as “choice paralysis.”

Choice paralysis means that you have access to so many alternatives you can’t decide which one to choose, and consequently, you avoid making a choice altogether.

And then there’s the other extreme: There are those people who hop from opportunity to opportunity, never committing to stick with a particular option long enough to see a clear return on investment.

Many traders who are just starting, tend to fall into one of these two camps. But it should come as no secret if you want to be successful at stock trading, or any endeavor, you need to find, and stay on, a proven path to profits.

Granted. Although trading success depends on what Kyle Dennis frequently calls “laser focus,” it generally takes some trial and error to find the right path.

The Ins and Outs Of Stock Trading Programs

Chip Conway, a retiree from Atlanta, Georgia, took a rather enthusiastic approach to find the right stock trading service.

Many wannabe traders quit after trying a couple of training programs that don’t fit the bill immediately. Others may “test drive” three, four, or five programs and then give up their search without ever finding the right fit for them.

And then there’s Chip, who personally tested thirty (30) different trading services before he discovered RagingBull. While we don’t recommend testing that many programs, Chip has learned firsthand the ins and outs of what the right stock trading program should offer.

Before calling RagingBull home, Chip tried and canceled lots of memberships. As he puts it, “I tried about 30 different trading groups until I found RagingBull. I usually joined them and then got a refund before the 30 days were up.”

To most people, test-driving thirty different services may seem excessive. But as a rank beginner, Chip knew he’d not only be risking the cost of the program, he’d also be risking his time and capital, along with the opportunity cost of missing out on potentially more significant gains with another trading service.

“I tried 30 different trading groups until I found RagingBull. I usually joined them and then got a refund before the thirty days were up.” Chip Conway

Finding The Right Fit

For this retiree living on Lake Oconee, a community on the outskirts of Atlanta, the prospect of risking his hard-earned retirement savings was just too important to trust anyone else.

Chip says that during an especially “boring winter” at the lake, he got the idea to start trading stocks at home. However, it took him about six months to find and settle on the right training and support team.

Unlike people still working at day jobs, Chip was fortunate to have plenty of free time to research various training options. What made RagingBull’s programs such an easy choice was their simplicity and proven methodology.

His main challenge was finding a system that would be easy-to-learn, but he also wanted to teach his grown children to trade, so they could earn some side income and grow their nest eggs. Like many beginners, Chip had a hard time staying focused.

He also found that many of the non-RagingBull programs he tried in the past were confusing and full of random, inconsistent advice.

To his good fortune, after learning the basics from RagingBull’s team of expert mentors, Chip has developed more focus. Staying focused helps him execute trades faster and with greater precision.

After attending dozens of webinars and reading lots of books on stock and options trading, Chip learned that the key to success is working closely with his mentors, so he can remain consistently profitable and make fewer mistakes.

As he puts it, “Once I found RagingBull, I knew I had the right group of people with the same goals as me. People who were interested in my success as a trader.”

Although a big benefit of joining RagingBull is having the opportunity to work with several trainers and try out their stock picks, Chip learned from Kyle Dennis, (one of his favorites),  that staying ‘laser focused’ is the secret to trading success.

For example, he recently locked in a nice profit with ROKU, one of Kyle’s recommendations. Chip closed this trade with an easy 115% gain. Although he knew he could have scored an even more impressive win, he chose to stay focused and exit the trade when it hit the 100% mark.

Chip also follows Trade of the Day with Davis Martin and says, “Davis is rarely wrong on his trades. I consistently make profits with this morning trade!”

“I trade it every day after watching his morning video and read his detail on the actual trade,” he adds.

In addition to following the guidance of his mentors, Chip plans to interact more with the RagingBull trading community. This way, he can learn as much as possible about the art and science of trading.

When asked about the responsiveness of RagingBull’s team, Chip happily told us, “All my questions are answered, and I don’t feel foolish asking them. So far, it has been the best experience for trading options, and I continue to learn every time I’m in the chat room.”

“Once I found RagingBull, I knew I had the right group of people with the same goals as me. People who were interested in my success as a trader.” Chip Conway

Actionable Insights For New Traders

Based on what he has learned from personal experience, here’s what Chip recommends to traders who are new to the game:

– Start at the beginning and learn the basics first.

– Learn how to create a watch list.

– Learn the basics of the indicators

– Learn a few market-tested strategies that you can understand completely.

– Paper trade before you start risking real money.

– Choose a mentor whose approach resonates with your personality, goals, and risk tolerance.

– Learn from the lead trader, but also observe what other traders in the chat room are doing.

– Follow Kyle Dennis’s advice and stay “laser-focused” while learning the fundamentals.

– Protect your trading capital by setting stops and goals for your trades.

– Don’t over trade. Managing too many trades effectively can get tricky.

– Review the RagingBull training materials, start slowly, learn the basics by heart

– Make sure you enjoy the ride 🙂

Chip also recommends that you actively participate in one or more of RagingBull’s online communities. As he puts it, “It seems as if I learn something every day. Between the chat rooms, the education, and the webinars, there’s so much information.”

“My best trade recently was ROKU, where I closed the trade at +115%. I know I could have had more success, but I tried to get out once I hit my 100% goal.” Chip Conway

Enjoying Life While Staying Laser-Focused

In the short to mid-term, Chip’s goal is to learn as much as he can, stay laser-focused and direct most of his time and energy toward Jason Bond’s new service. This way, he hopes to keep losses to a minimum while racking up more big wins in the coming months.

Author: RagingBull

The stock market is flirting with all-time highs again… but believe it not… the IPO market has been running even hotter.

What Are IPOs?

IPO stands for initial public offering. An IPO refers to the process of a company that goes public offering shares of its corporation to investors as a new stock issuance.

Why Do Companies Do IPOs?

In most cases, the main purpose of an IPO is to raise capital for the business from investors who are willing to take on the risk of investing in a newer public company. The process can also allow an investor to get involved in a company before the cost of its stock shares goes up.

It seems like every week, a new and exciting company becomes publicly available for us to trade.

Some well-known names like Robinhood, Airbnb, Peloton (set to IPO on Sept. 26), and Postmates are upcoming IPOs as they will soon be available for our trading pleasure…

…we’ve already seen some unicorns hit the ground running — Beyond Meat (BYND), CrowdStrike (CRWD), Zoom (ZM) — are all part of the triple-digit return club…

But it’s been hard to separate the ones that will skyrocket from the ones that fizzle (remember Uber and Lyft)…

… if you don’t have the right system you can forget about trading IPOs.

How Do IPOs Work?

Before going public, a company is privately held and traded. A private company can usually grow through investments from its founders or their family and friends. When the company is able to withstand the rigorous SEC regulations, it can start the process of going public. In most cases, a business will wait until it reaches a value of $1 billion or more, which is referred to as unicorn status, although those that are profitable and strong may go public before reaching that valuation.

When the company does go public, this process is referred to as an IPO. The initial shares of its stock become available to investors on the major stock market.

The successful IPO traders will sit at their desks for hours on end, sifting through research, and studying legal and accounting documents.

How do they do that?

Well, one of the things these traders do is drown themselves in the IPO Prospectus — what the SEC calls for Form S-1… in it, there are hundreds of pages (sometimes thousands)…

And you better believe there are hidden clues buried in those pages.

If you have the right system, you’re able to pinpoint exactly which IPO stocks will pop and have a Beyond Meat-like move.

For example, Uber Technologies (UBER), one of the more recent IPOs, released a whopping 300-page prospectus — and if looked closely enough… you would have seen red flags everywhere.

 

 

Peloton just released their prospectus… and it’s over 150 pages long.

But who has the time to read all that… let alone have the legal, accounting, and investing know how to make an informed decision on these company stocks?

Our answer — Ben Sturgill.

He developed a simple “green, yellow or red” light pattern trading system for trading IPO stocks.

Ben has also figured out the life cycle of an IPO — identifying the three phases of an IPO and developed a way to profit consistently on the newest stocks…

His IPO Payday system takes advantage of little known patterns that happen in IPO stocks… and once detected… can turn into mega profitable trading opportunities.

With so many IPOs set to hit the market, there is no better time than right now to learn how to take advantage of the opportunities in stocks like Beyond Meat and Zoom.

Author: RagingBull

With everyone rotating out of bonds and gold to chase returns… many are wondering if it’s time to chase stocks.

but the thing is, sometimes the trend is not your friend, especially when it seems as if traders are just following each other.

 


 

The thing is… you don’t have to trade the market and focus on the flood of news headlines that we get every day.

 

So what do you do if you’re not trading exchange-traded funds (ETFs) like the SPDR S&P 500 ETF (SPY), TLT — the long-term bond ETF, GLD (the gold tracking ETF), and QQQ (a fund that tracks tech stocks)?

Well, there’s actually a bevy of choices for you…

For example, Jeff Williams — the Penny Pro — has figured out a way to boost your lifestyle by trading stocks that don’t care what the market is doing.

 

 

You see, Jeff is able to find penny stocks with massive gap-up potential at the same time… every day. If you know anything about these stocks, they move to the beat of their own drum — and it’s one of the ways to avoid getting swept up by the herd.

Another interesting way to avoid the herd mentality is to focus on IPOs — newly-listed stocks that hit the market all the time.

When traders hear about IPOs, they automatically think about the largest ones… but the thing is, there are so many other opportunities in IPOs — and for some reason, so many traders don’t know how IPOs operate… and they’re missing out on some lucrative opportunities.

 

 

There are so many IPOs set to hit the market very soon — Peloton (PTON) is set to IPO later this month… and we’ve got 5 IPOs set to hit the market this week… and you don’t want to miss out on what IPO expert Ben Sturgill has to say about them.

Don’t think just because everyone is talking about the market… you have to trade it because there are plenty of other opportunities out there.

 

 

Join our community:

 

 

Author: RagingBull

Related Articles: