Buying and selling are very simple concepts, but it can be extremely difficult to get the timing right on a consistent basis.
| | | When to Buy and When to Sell | Why you should think twice about alerts... Stuck in a losing position? Here's what to do... And your chance to go from complete rookie to a pro trader in just 30 days...
| | Stock trading can seem really complicated when you're getting started. Wrong! Trading is actually pretty simple. On any given trade you're only making two decisions: When to buy When to sell
Simple, right? But simple is not the same thing as easy. Buying and selling are very simple concepts, but it can be extremely difficult to get the timing right on a consistent basis. A lot of traders don't know how to decide when it's time to buy or sell — it's a big part of why so 90% of traders lose. If you don't get into the trade at the right time, you might miss the momentum; if you stay in a trade too long, you could be stuck in a losing position when the price crashes. If you're one of those traders who's on social media asking the herd if you should buy or sell, you're probably not ready to trade. You've gotta learn how to think for yourself. One of the goals of my Profit Lock system is to create self-sufficient traders. I don't give buy and sell recommendations. Instead, I teach the techniques I've used to make $5 million in profits* — and the trading rules I've developed over the years. If you can develop and follow your own set of rules rather than just following alerts, you'll be much better off as a trader. Wanna become a self-sufficient trader? Let's take a look at how to plan a trade — and how to figure out those all-important entry and exit strategies. |
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| By Invitation ONLY: Millionaire Mentor & Trader Tim Sykes Wants To Know If YOU Have What It Takes To…
"Work" From Home Forever? | | Introducing Tim Sykes First Ever
30 Day Trading Bootcamp!
"How To Go From Absolutely ZERO Trading Experience… To A "Stay At Home" Day Trader in 30 Days Or LESS!" - Tim Sykes |
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Developing A Trading Plan Trading is not about flying by the seat of your pants. It's not about gut feelings or following someone else's advice. Successful traders know that buying and selling are planned events. A stock needs to meet certain criteria before they enter or exit. Establishing standards for a trade is a personal decision — every trader's approach will be a little bit different. To a certain extent, this is something that will come over time. You'll develop your own set of rules and standards to trade by. If you're not there yet, it's OK — after all, everyone needs to start somewhere. But before you start throwing money at the market, you might consider starting with paper trading — or at least starting with small positions — to help you get a feel for the process. Either way, you should always have a trading plan. Your trading plan should consist of three parts: An entry price. Look for good risk compared to the potential reward. A stop. You need to be ready to cut your losses if you're wrong. A profit target. Make sure you're locking in profits when the trade goes in your favor!
When you have a plan in place, you don't have to ask for guidance about when to buy or sell — you've already plotted it out. All you have to do is follow the plan. | Are You Stuck in a Trade? Good news: you're rarely going to actually be 'stuck' in a trade. You can exit a trade at any time, provided it's within trading hours and the stock isn't halted. Entering a trade without a plan is like being stuck, though. You're in purgatory — you're stuck in a position with no plan. It's hard to think clearly and formulate a plan once you already have skin in the game. If you're holding a position because you think the stock might rebound, you've gotta rethink that trade. Trading is not about holding and hoping. Holding a position without an exit plan isn't trading. That's gambling. If you don't want to find yourself stuck in trades, you've gotta have a plan. | |
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| | Tim Sykes knows how to trade penny stocks... But - he's not so great in the kitchen.
Watch this short video of his "cooking FAIL" to prove it...
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As a swing trader, my trades are all about risk and reward. I like to find stocks with low risk and huge potential rewards. You're not going to be right on every trade — I'm not. I've been doing this for over 20 years, and I've made over $5 million in profit* ... and I still take losses. The idea is to keep your losses smaller than your wins. Before I plan out my entry, I like to look for specific plays that I know work for me. One of my favorites? A new, disruptive technology. Another go-to? Finding an unknown, profitable company in an established hot sector. Once I find one of my chosen setups, I stalk it for the perfect entry. Wanna know more? I reveal all these secrets to my Profit Lock students. No matter how perfect the entry, your plan is incomplete if it doesn't include an exit strategy. So let's go over how that works… | Always establish a stop before getting into a trade. What's a stop? It's the point where you're willing to admit you're wrong and get out of the trade if it's going against you. Cutting losses is a vital lesson for new traders to learn. Survival should be your first priority, especially when you're first starting out — cutting losses quickly keeps you in the game. Everyone makes mistakes or chooses the wrong trade every now and again. Don't let a small mistake become a big loss. Losses are part of trading — if you can't handle losses, your chances of making profits are going to be much lower. |
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| | | | Every day, millions of traders buy and sell stocks. And it turns out that all this trading has opened up a little-known trading strategy... That makes it possible to buy the world's most valuable stocks at a huge discount... and GET PAID for doing so. | | |
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We've already gone over your exit strategy for if a trade goes against you. But what about when a trade is going in your favor? Most traders get greedy and try to ride it 'to the moon.' Don't make that mistake, or you're gambling ... and you could lose big. You've gotta have a profit target as part of your trading plan. If you ask me, your profit target should be at least three times bigger than your risk. When that target gets hit, you should be locking in profits! If you really think there's potential for a trade to go past your target, there is an in-between solution: sell half of your position at the profit target and hold the other half with a trailing stop. By doing this, you could earn additional profits if the stock continues to rise, but you've also locked in profits in case that doesn't happen. | The process of buying and selling stocks is simple, but learning how to trade consistently is extremely challenging. Most traders who rely on others to make decisions about when to buy and sell don't stand a chance! If you want a fighting chance in the market, focus on being self-sufficient. Develop your own set of guidelines or trading rules. Learn how to formulate a strong trading plan. Then, have the discipline to stick to that plan. That's the key to self-sufficient trading … don't rely on others, and don't hold and hope! Neither works over time. Plan, trade, repeat, Paul Scolardi Editor, Swing Trade Millionaires | P.S. Tim Sykes has done something amazing. With the help of his student Matt Monaco (who's close to the $300k mark in trading profits)... He's condensed everything he's learned over his 20+ years into a 30-day trading Bootcamp… Geared towards brand new traders. So… If you've been sitting on the sidelines in 2020… And want to get in on the action… This Bootcamp is for you | | *Results not typical. Paul Scolardi teaches skills others have used to make money. Most who receive free or paid content will make little or no money. Most traders lose money. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services. Past performance in the market is not indicative of future results. | This is for information purposes only as Millionaire Media, LLC is not registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. We are not a licensed investment professional, and we do not give investment advice. Always consult a licensed investment professional when seeking investment advice. Millionaire Media, LLC cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media, LLC in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media, LLC accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns. | | |
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