The steps every trader should take before the opening bell...
| | | What to Do Before the Market Opens | ✔️ The steps every trader should take before the opening bell...
✔️ What's a focus list? And how to organize yours...
✔️ Plus, how this trader went from bad trades to $1K per day... | | Before we dive in today, let's take a moment to reflect on the terror attacks of September 11, 2001… We remember the innocent victims and the heroes who sacrificed their lives attempting to save them. We remember the victims' families. We remember the survivors. We remember those we've lost to 9/11-related illnesses and those who suffer today. We stand in tribute. We will never forget. There's a routine that I follow every morning... Shower Breakfast Focus list
Wait, focus list? Yep. It's a thing … and unlike the other parts of my morning routine, I share it with all of my students. Showing up to the market without a focus list (or watchlist) is like starting your day without a shower. Sure, you can do it — but it's not recommended. Being prepared for the market is just as important as the trades you make. Unprepared traders are at a significant disadvantage. The bottom line? Learning to prepare a focus list is crucial if you want to become a self-sufficient trader. You probably already know this — 90% of traders fail. Framed differently, if you wanna be part of the 10% who don't fail, you've gotta work harder and be more prepared than 90% of traders out there. Still with me? Let's start with the basics — what is a focus list, anyway? Then, we'll talk about how to build and organize yours effectively. |
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| | | While the pandemic has been wreaking havoc on our economy… It's also triggered a strange phenomenon that's helping Roland Wolf average $1K a day in 2020.
To celebrate, Tim Sykes is taking him to Miami on a private jet…
And…
He wants you to come along for the ride. Because...
During this trip, they're going to reveal all the details of Roland's strategy in a free webinar. |
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A focus list acts as your personal reference guide. Doing research ahead of time allows you to focus on the price action when the markets open. Every day, I spend hours searching for new stocks to add to my focus list. That involves a lot of boring stuff: reading reports and reviewing charts to find the best plays in the market. Every trader has his or her own favorite sectors or trade setups. Me, I like to find disruptive technologies. Think — products that offer a faster way to charge an electric vehicle, or a better way to administer a COVID vaccine. The purpose of the list is to summarize important info and outline key price levels for each potential stock. It's not a list of trades I'm going to make — it's a list of stocks that meet basic criteria. I'm keeping my eye on them. It's important to note, however — a focus list is NOT a list of definite trades. Just because I add a stock to my list doesn't mean I'll trade it. | What stocks should score a spot on your list? Depends on your style of trading. Me, I'm trying to anticipate what will be in demand before the rest of the market. Some of my trades can take time to play out — I try to find them ahead of the curve, so the rest of the market might not be looking for these stocks at the same time. For every stock that does make the cut, I log the same info. This keeps me organized during the day and makes it easy to find the information I need when I need it. Here's how my watchlist is organized:
1.The Story
What's the deal with the business behind the stock? Has it made big moves in the past? What's the industry, what's the sector? This year I'm watching a lot of sectors: electric vehicles, plant-based foods, and gambling are just a few... | |
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| | On that day… Paul Scolardi decided to take on trading stocks full time.
All from his home in Arizona...
Since then he's been dominating the market. This year alone he's made +$3Mdollars in verified trades… And he wants to show YOU how he does it.
So… If you want to work with Paul... |
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2.Key Dates
Usually, there are key dates that you want to keep tabs on with stocks. For instance, with pharma stocks, I want to keep an eye on FDA approvals and trial results. For most other stocks, you primarily want to look out for the dates of earnings calls. These are scheduled ahead of time and can potentially drive big moves.
3.Important Price Levels
Whether I'm already in the trade or just waiting for a good entry, I note all the key price levels. For example, if I'm preparing to enter a trade, I'll have my target entry price noted. Sometimes this is a hard number like $4. Other times, I use a moving average. That level can change day to day and even throughout the day. For quick reference, I'll take note of potential stops-loss areas and price targets. That way, I'm prepared for a trade when the opportunity arises. This all sounds like a lot of work, especially when you might not even trade all of these stocks. But once you make it a habit of it, building your focus list will become second nature. But that's not all there is to trading. If you really wanna become a self-sufficient trader, there's something else you've gotta do... | Prepare, Prepare, Prepare There are tons of unprepared traders who show up to the market and try to get lucky picking the hot stock of the day. That's not trading, that's gambling. 2020 has been a year like no other. One huge change? The market's been experiencing 'the Robinhood effect,' driven by FOMO — and millions of newly quarantined gamblers looking for a thrill. Creating a focus list and planning your trades can help give you an edge. The market's filled with all these wannabe traders who are chasing, bag holding, and gambling. Be different: prepare ahead of time. Trading is a zero-sum game. The only reason one trader can make a profit is that another trader takes a loss. You're in direct competition with other traders — on every trade, every day. True, there are no absolutes in the market. But I'd bet on a prepared trader over an unprepared trade any day of the week. |
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| Is This The Best Course Ever?!
One week into my 30-Day Trading Bootcamp and Tripp is already up $1,125! | | My 30 Day Bootcamp is now available for a limited time…
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By making a focus list, you're doing your future self a solid. When you think about it that way, it's not so much a chore as it is a time investment in your own future. So take the time to do it right. Customize your focus list to be aligned with your style and the way you make trading plans. In a world where 90% of traders fail, it's important to figure out ways to separate yourself from the pack. Making notes ahead of time provides you with a game plan. A well-made focus list can help eliminate tough decisions when the heat is on in a trade. It can make a huge difference! Stay focused, Paul Scolardi Editor, Swing Trade Millionaires | P.S. Tim Sykes just took his latest millionaire student on a private jet… To celebrate his success… And to ask him how he did it. If you want to see how his student took a small account all the way to $1M… Click here to see the interview | | *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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