Momentum Stock Signals. Pump and dump stocks. and others.
High priced US stocks >$100 and trade in millions
If you are new to the stock market here is my advice:
- Read and study Nicolas Darvas How I Made $2 Million in the stock Market” and Jesse Livermore Remini. of a Stock Operator” Do not try and copy their method. That is not important. BUT their mindset is. These are the only books on trading you should eve read. Oh..and maybe “Market Wizards 1” Download and read my book “The 7 Habits of a Successful Trader” Written in 2000. wow..time flies. Click here
- Keep off social media., Man youtube and boards were great 1999 – 2007. But something bad has gone wrong with them now. Over run with scams. What a shame. Some of the brilliant posters of the past have been replaced with bots and scammers. You really think young kids posing with flashy cars make money trading? I have never seen so many people claiming to make millions a year. Or gone from broke to $5million, etc… Man Youtube need to clean it up.
- Avoid crypto, forex, futures, etc…. Old scams in new industries. Stick with US stocks. There is enough volume and volatility. With everything else there is no edge. Not to mention many are out right scams.
- Look at past big winning stocks...study them and come up with a system to trade them. It really is a simple as that.
- The smartest traders do not make make the most $$$. It’s the savvy ones that do. Simple methods work with big money. You have to get to position where you can trade big money. Maybe that is working for a hedge fund, managing o.p.m. etc. Most of the funds make about 20-35% per annum. But they do it with hundreds of millions, Billions $$$. Most focus on the % returns. The savvy focus on the $$$ amount.
- Like everything it is not for everyone. It is simple. But some cannot do it. Be honest. If that is you..do other things. Making, losing $$$’s takes it toll. I have come to realise many are just not cut out for it.
- For the first year at least…..trade very small. So small it hardly seems worth it. Your goal is not to make money but get experience trading. If you can do that your chances of success have jumped up 90%. If not, good luck.
- Trading,stocks, business, $$$ is not everything. Be careful if it does become the focus in your life. Step back. Time and health are a lot more important.,
** Past performance does not guarantee future performance. There is a risk of losses. Only trade what you can afford to lose **