| How To Crush a Big Profit Milestone - What Roman road builders can teach us about trading.
- The part of the journey that SHOULD be fun. (It’s not what you think…)
- Breakthrough moments and how to celebrate.
Recommended Link
Dear Penny Stock Millionaire, Whew! 2020 has been crazy. I hit two big profit milestones this year. I’ll share more about my milestones, but first, congratulations are in order... 
Jack Kellogg Is My Newest Millionaire Trading Challenge Student Like I said, 2020 has been crazy. On November 5, Jack Kellogg passed $1 million in trading profits. He didn’t even announce it. But everyone in the Trading Challenge chat room has been following his progress. Our trading community is awesome. Needless to say, chat blew up... Trading Challenge Chat: Jackaroo Passes the $1 Million Profit Milestone Here are just a few of the dozens of comments… 9:45 AM Kylehornback77 → Jackaroo: OMG you did!!! We're so proud and happy for you!!!! Congrats!!!! 9:46 AM Chaddo → Jackaroo: Very, very well done Mr Jack!! Congratulations on an awesome achievement!! Thank you for all you do for us!! woohoo!! And Roland Wolf, my last millionaire Trading Challenge student, had this to say… 9:47 AM RolandWolf → Jackaroo: WELCOME to the CLUB BROTHER!! Hard work and dedication baby!! Jack, always a humble student of the game, shared a few thoughts… 9:47 AM Jackaroo: thanks guys, long time in the making... just one trade at a time. 10:11 AM Jackaroo: Funny thing is it doesn't take huge gains to get here... just a simple $1200 single on a OTC panic dip buy... I did nothing special, but work hard and show up everyday following the 7 step framework of Multi-day runners. THAT is how you crush a big profit milestone. Well done, Jack! Congratulations. I can’t wait to see how far you go over the next few years. I have a post dedicated to Jack Kellogg’s incredible achievement and his journey coming soon. Get ready for it because Jack is a perfect example of keeping your eye on the prize. Again, this year has been amazing... 2020: Year of Profit Milestones Not only do I have two new millionaire Trading Challenge students, but I hit two profit milestones, too. On October 1, I surpassed my previous best yearly gains. Then, on November 3, I passed $6 million in career trading profits.* The funny thing is, I didn’t even realize I’d passed the yearly gains milestone until a member of my team showed me. That might surprise you, but my focus isn’t on the money. It’s on teaching and showing the process. In this post, I’ll compare this year to my previous best year so you can see what’s changed and what’s the same. Then I’ll show how passing the $6 million profit milestone is a perfect example of taking it one trade at a time.* I want to point out that a lot of my haters like to claim, “Sykes only made a lot of money back in 1999 and 2000.” That’s not true. I made more in 2014. 
And now... 2020 Is Officially My Best Profit Year* In 2014 I made $844,813 — and that was a fantastic year.* I’ll get more into what’s changed since then. But first, it’s official… 
I finally surpassed 2014 when a $9,240 win took me over the top. (Keep reading for details of that trade.) As I write, I’ve made $939,622 in 2020. This time around I’m donating 100% of my trading profits to charity. With two months left in the year, every win is a new profit milestone and more to help make the world a better place. Hitting a Profit Milestone Is Cool, But Know the Reasons If you’re gonna stay in this game for the long run, it’s important to understand why some years are better than others. The main thing to understand this year is what drives volatility. Because without the volatility I wouldn’t be talking about a new profit milestone. Watch my no-cost “Volatility Survival Guide” for top tips on thriving in market madness. The main drivers of volatility this year are the pandemic and new promoters. The promoters use Discord chat rooms, Telegram, and Twitter. They have all kinds of new tools to promote penny stocks... Recommended Link
Are You Ready for the Great Depression of 2020? 
According to some economists we’re already in a recession… But now a former CIA and Pentagon advisor is saying this is just the beginning of something much, much worse. And he’s urging Americans to take these FIVE STEPS to protect their wealth and their loved one. | |
2014 vs. 2020: The Same But Different 2014 was fantastic mainly because Seeking Alpha was such a big mover of stocks. In its heyday, Seeking Alpha was influential enough to feature in this academic study. The study looked at Seeking Alpha’s ability to influence stock prices. It backs up what I often say about sketchy promoters luring newbies on social media with their BS... 
That study could almost be the Twitter pump playbook. Especially if you look past the authors’ holding period. They used a three-month period to measure social media influence on stock prices. But as we’ve seen this year, most of the pumped stocks spike for a few days or weeks — not three months. 2014: The Rise of Social Media Social media was already powerful for influencing stock prices leading into 2014. But that year was exceptional. If you look at a lot of my trades from 2014, I was buying into the close because of Seeking Alpha. A lot of its audience wouldn’t see the news until after hours or the next day. They’d push up the price overnight. They’d put in huge buy orders at the open, and I’d sell into that strength. So I was selling into the less meticulous, less savvy, Seeking Alpha crowd. For me, it was really easy. 2020: Welcome to Breaking News Chat Now Seeking Alpha is almost irrelevant. I don’t know all the details, but it used to have a distribution deal with Yahoo! Finance. That deal is part of what made it so big. The deal ended in July 2014 and Yahoo! Finance isn’t as powerful anymore. Even though Seeking Alpha isn’t as influential, it still has some influence. My first short play in a few months — shorting Wrap Technologies, Inc. (NASDAQ: WRTC) was due to this exposé on Seeking Alpha. The big difference in 2020 is that there are so many different promoters and platforms. Thank God for StocksToTrade Breaking News! I wouldn’t be able to track all the promoters and pumps without this tool. What a Difference a Year Makes To put things into perspective… In 2019, I made $125,513 in trading profits. (100% donated to charity.) There weren’t as many promoters, and the markets weren’t nearly as volatile. But also, we didn’t have StocksToTrade Breaking News. So we’ve seen some innovation in 2020. First, in the pumping business with all these promoters on different platforms. And also in the news curation business with StocksToTrade Breaking News. I’m just taking advantage of it. Hitting the $6 Million Profit Milestone: One Trade at a Time Hitting a new profit milestone is not about swinging for home runs. And it’s not about focusing on any specific dollar amount. Memorize those last two sentences. The reason I hit two new profit milestones is because I was ready when the market gave me the opportunity. I just take it one trade at a time. This is another case for why you really need to study. Study hard. Check this out… How Two Words Can Make You a Better Trader Frankly, I think I’ve become a better trader. It’s not any single thing, but a combination… - More trading experience. Like small wins, experience adds up over time. There’s no getting around that.
- It’s not my first rodeo. I’ve seen bubble markets before. Whether 2020 is truly a bubble market is up for debate, but there are signs.
- Donating to charity has changed my trading mindset. In 2014 I donated a small percentage, but I was just getting into charity. Now I’m more inspired than ever to make and donate more.
- Having more students means I’m focused on showing the process. That helps me to follow my rules and avoid overtrading.
Why I’m More Proud of Students Hitting Profit Milestones When I passed my 2014 gains, it wasn’t some kind of big celebration. And when I passed $6 million, I had meetings to attend. Thing is, I get more excited when students do well. For example, I’m very excited that Jack Kellogg has not only passed the $1 million profit milestone, but he’s made roughly $840K so far this year. His previous best year was 2019 when he made $122,416. I’m pumped that Tim Grittani has made over $3.6 million this year. His previous best year was in 2017 when he made $2.2 million. So why am I more proud of them? Because they prove that following the process pays off. They aren’t doing anything special. Yes, they have exceptional skills. But their skills come from hard work — NOT some innate ability. Their big gains this year are an example of preparation meets opportunity. Follow the Process, Earn the Money Once you learn the basics and find what works best for you, it’s a matter of continuing to refine. For me, every year I’m thinking “OK, what’s going to move these stocks? What’s the key pattern?” There will always be new promoters, new catalysts, and new drivers of volatility. This year, obviously, the pandemic was a big driver of volatility downward. And then there was a huge bounce. The game has changed a little bit, but not much... 
You have to focus on the process and then take advantage of the same kinds of things. The trade that helped me hit a new yearly profit milestone is another good example... Aspen Aerogels, Inc. (NYSE: ASPN) On October 1, Aspen Aerogels was spiking on news of a new lithium battery patent. The news was solid, but it’s a big market cap company — a little outside my comfort zone. Here’s the ASPN chart from October 1 along with my entry and exit commentary: 
ASPN chart: October 1 intraday, StocksToTrade Breaking News, profit milestone — courtesy of StocksToTrade.com You can see on the chart where there was a volatility halt. I didn’t expect the stock to go all the way to the $14s. My goal — as I put on my entry commentary — was to sell in the $12s or $13s. But it spiked so fast and then halted, so I had to wait. At first, I thought I sold at $14.63 — which is what my commentary says. Actually, I got $14.36 and not $14.63. (I read it wrong and was typing fast.) But I’ll take it. If there wasn’t a halt, I never would have held this from the $11s to the $14s. It halted at $13.03, so it had already hit my goal. If you get in with the news before a stock gets halted due to volatility, you can potentially be more aggressive. Especially if the volatility is due to so many people putting in orders. In this case, the volatility halt helped me. But I don’t like trading through halts as they’ve hindered me in the past. What about the trade that took me over the $6 million profit milestone? It’s funny in a way. This trade took me over the mark but it was more about protecting gains than getting a big win. Check it out… VOXX International Corporation (NASDAQ: VOXX) VOXX was spiking on news of a backup battery system for electric vehicles. This was another StocksToTrade Breaking News play. Check out the VOXX November 3 intraday chart with my buy and sell alerts: 
VOXX chart: November 3 intraday, StocksToTrade Breaking News, profit milestone — courtesy of StocksToTrade.com I tried to give it time, but the spike was weak and then failed. This is a perfect example of cutting quickly for a small profit rather than hold and hope. And you can see that if I’d held, it would have been a loss. This trade was a little speculative. VOXX ran 147% between September 9 and October 23 before trending back down. Here’s the VOXX six-month chart… 
VOXX chart: 6-month, daily candle — courtesy of StocksToTrade.com In dollar terms, my VOXX trade is basically a scratch — I only made $180. But it shows how small wins add up over time. And as you can see below, this one got me over the $6 million profit milestone.* 
© Millionaire Media, LLC So … what are the most important lessons from hitting two profit milestones in just over a month? Recommended Link
A stock that yields 67% a year? Really? 
If you're happy with stocks yielding you 4% or 5% a year, you don't need this. But if you want to see how we built a portfolio that now pays us a 67% cash on cash return - with no leverage, options, or gimmicks. | |
Two Profit Milestone Lessons and Your Next Steps Every year is a little different. You can’t just compare the money from one year to another. But whether you make $844K or $939K, it doesn’t matter. Even if you make $549K … you can be making six figures trading from almost anywhere in the world. And you’re taking advantage of market volatility. Take it one trade at a time. Whenever I get close to a profit milestone, students start messaging me. They say things like, “Oh, you must be so excited. How will you celebrate?” It’s like they anticipate it more than me. But to grow your account you have to focus on one trade at a time. Jack said exactly the same thing in chat right after he crossed $1 million: “...just one trade at a time.” I can’t emphasize it enough. It’s the best way to crush profit milestones. As always, the key is preparation, studying, and experience. There’s no easy button and no shortcut. I know a lot of people want that, but you have to remember this is a marathon and not a sprint. So if you want to hit profit milestones… - Stop thinking about profit milestones. They’ll come when they come because you take it one trade at a time. The day before Jack Kellogg passed the $1 million profit milestone he had this to say in chat: 09:55 AM Jackaroo → timothysykes: it will happen when it happens.
- Focus on the process instead of monetary goals.
- Learn the rules and develop the self-discipline to follow them.
- Test, test, and test again. Once you find what works best for you, continue to test so you can adapt when the market changes.
What do you think of Jack’s and my recent trading milestones? Talk to you tomorrow, Tim Sykes
Editor, Penny Stock Millionaires P.S. Many details about this CIA project have remained a secret for 15 years… You’ll understand why once you click here and see what this former CIA insider is sharing on camera. To this date, the CIA has given clearance to a handful of people in the entire world involved with this project. This man was one of them. And now after 15 years, he’s revealing the details. Please do not share this sensitive information with family and friends. Click here to see his important message. | 
© 2020 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice.
No comments:
Post a Comment