8 May

Slow Down, Refocus, Rinse & Repeat!

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My strategy is to hit 5-10% swing trades over and over. Swing trades are 1-4 day holds. I play stocks between $1 and $10 on national exchanges with at least $1 million in liquidity on the day. Through my real money trades I teach clients my strategy. So far in 2013 I’m up over $100,000 swing trading part time, almost 33% on the portfolio. When I’m in a swing trade 99% of the time I take 1/2 my position off at 5% and the other half at 10%. So if you’re visiting my blog and see a 7% win advertised, that means I nailed the trade.

Now I understand 7% doesn’t sound like much but if you truly sit down and do the math… 3% on your portfolio each month is 36% at the end of the year. Tell me, when is the last time your investment advisor returned 36% to you in a year? So I can’t help but highlight Kevin who is realizing the power of 5% wins across multiple trades. I say it over and over, 5% is always 5% whether it’s on $10,000 ($500) or $30,000 ($1,500). Tell me a handful of 5% wins each month wouldn’t help you? An extra $2,500 in the pocket each month. That’s a luxury car payment or a mortgage payment in my mind.

“BTW I am 4 weeks in so far, and green the last two weeks. the first two weeks were a little rough I came out swinging for the fences. I’ve slowed down, watched some of your videos twice and last week decided to pay at 5% no questions, rinse and repeat.

This week with MM, I set a profit stop at 5% and got another 3% on it. Sad to see I could have made much more, but I paid myself, and extremely happy about the trade. Seeing all the little 2-5% wins add up has really changed the way I trade.” – Kevin W.

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