This is a method that works best for new traders that have no experience in the stock market because the old knowledge might stop them from achieving this huge goal. Veteran traders can’t see the forest for the trees.$S&P 500(.SPX)$
You cannot find valuable insights or wisdom on the Internet, in training or mentorship programs to achieve such a profit. Nobody shares their knowledge because nobody wants to share their secret of making money in stocks!
The method I will present to you it’s very easy to implement, it doesn’t take a lot of time to learn, and the more things you apply, the more success you will have! Sound too good to be true? It does, but after you will read all the secrets and using just your logic you will be able to buy your own Ferrari in just a few months. Or even less!
Maybe you are wondering why am I sharing all the secrets? Because I just want everybody to have access to the holy grail of the Wall Street elite. Without further ado, here are the best-kept secrets in trading:
Never ever read books or study the methods of other traders. There is no need to learn, everybody can buy a stock with just a few clicks. Reading a book is basically admitting you don’t know the topic. Never show weakness! Why bother to keep watching graphs for thousands of hours? You would be a follower and you will find nothing valuable in reading other people's lessons. Building an edge is overrated.
Find a good trader on Social Media and follow him or her blindly. The more followers they have, the better. In an unlikely event when one trade is not profitable, find another trader and change immediately the strategy. If you did swing trading, then change to day trading or scalping. A good trading system must have 100% accuracy. Do not accept less than that, probabilities are for losers.
When finding good news about a stock on CNBC, do not lose time for planning. Rush and place a market order immediately to not miss the trade. There is no need to think about position sizing. All-in! It doesn’t matter if the price forms or not a pattern. If the company appeared on TV is more than enough.
Do not use a stop loss. If you use it, the trade can close and you cannot win. How much can a trade go against you?! Stand by your position till the end, you can’t go wrong. You simply can not let others see that you’ve made a mistake. And the higher the risk, the higher the space!
Expect profitable traders only. There is no room for errors here. If a trade turns into a loss, always average down or play Martingale bets (like at Casino, double the amount when you lose) to be sure you come back to the initial amount quickly. When in trouble, double!
Always make a daily target and never stop trading until you reach it! The greater the amount set, the better. In order to have a realistic target, read on the Internet about the biggest win in trading. Compare yourself with the best trader you can find and you are on the right track.
If you think a stock will increase because it’s obvious, buy as many shares as you can. There is no time for due diligence, as opinions are never wrong, only the market is.
The safest stocks to trade are penny stocks because they are cheap and if they reach Amazon’s price you will be rich. Always buy in the premarket.
Buy stocks just before the earnings. All the prices increase after a company publishes its financial results. It is a no-brainer.
Do not sell stocks that you love. They never go down if you prey on a regular basis. Everybody says “love your stocks not your stops”.
It is said that the best returns are made with borrowed money. Do not hesitate to sell your own goods either to have more money to trade. And then use full margin.
The more you drink, the more opportunities you will see. If you are broken down, the better. It is said that rum is the sailor's best friend and whisky is the trader's best friend.
Do not let an hour pass without placing a trade. Trade as often as you can to increase your chances to hit the jackpot. Patience is for losers! When on profit, close the trade immediately to keep the profit, when on loss, never accept that and wait until goes positive. All or nothing!
Be a contrarian: when the market is on an uptrend, sell short, when the market is on a downtrend, then buy.
Break all the possible rules. You simply cannot win in trading if you obey the rules. Discipline is for kids.
When your account value is decreasing fast, stay strong and never quit! Show your ego and keep your hope because…This time is different!
HAPPY APRIL FOOLS DAY! :)
Hope you realized now that this article must be interpreted in reverse for a new trader.
If not realized, then, definitely trading is not for you! :)
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