My latest strategy scored me over $41K in trading profits in about two weeks.

And you better believe it’s a strategy I’m going to rely on to produce for me in the second half of 2019.

As a trader, you must keep strategies that are working and build on them. Also, find out what isn’t working and discard it.

For example, there are groups of stocks I keep in rotation… I’ll circle back around to them when my setup reappears and just trade them again.

I’m not kidding.

Check out my profit and loss (PnL) from just one stock symbol I’ve traded this year:

(If you think I trade small-caps well, join me tomorrow and prepare to get your trading mind blown)

In fact, I call this circling back process: “Rinse and Repeat.”

That said, I want to share with you the steps you’ll need to take to reach this level of mastery. Don’t worry, these techniques are simple and easy to learn and implement.

How Categorizing Your Trades Could Maximize Profits

There are so many common pitfalls that traders succumb to. One of the main pitfalls is not journaling and tagging their trades.

Think about it like this, if you were running a business… you would keep track of the products making you money right?

So why wouldn’t you do the same for trading?

You see, when you don’t know where you’re making money and the strategies costing you money… you’re actually hurting yourself.

Basically, if you don’t know what strategies are hurting your profit and loss (PnL)… you’re putting yourself at a disadvantage because you can easily just cut those. Additionally, if you don’t know which ones are working… then you’re not maximizing your profits.

So what’s the quick fix here?

Tagging, or categorizing your trades.

It’s really that simple.

All you need to do is figure out which patterns you’re using for a specific trade… and write it down.

For example, let’s say you mainly conduct your trades based on technical setups or news plays. Well, you can tag those trades based on the pattern or catalyst.

Let me show you how.

Tagging Your Trades

For example, let’s say you traded Veritone (VERI) based on the Fibonacci retracement. You bought shares thinking a Fibonacci level would hold and the stock would catch a bounce.

Well, in your journal you would put the symbol, the entry price, exit price, where your stop-loss was, and the PnL for the trade. Now, assuming you bought and sold in the areas shown above… you would tag this as a “swing trade” because you held it for multiple days. Additionally, you can tag this as “chart pattern” and “Fibonacci retracement”.

Let’s say you used a different strategy.

For example, one of my strategies involves using catalyst events.

Now, I bought OPTT based on positive upcoming catalyst events. Additionally, I was in NBEV for a catalyst event trade too. That said, I categorized these trades as “catalyst events”. They were also based on two of my favorite setups, so I’ll add those to the tags as well.

The whole idea here is to categorize these trades and review them… then you can figure out where your focus should be.

For example, another tag you could add is the current market conditions. This actually helps you figure out when to use your strategies. Let’s say you use chart patterns and you tag the market conditions… and you realize one of your setups only works in either bullish or bearish markets.

Well, then if the market is sideways, you know to stop using that strategy and use one that works when the market is trading in range.

Rinse and repeat. Categorize your trades and find your money makers and continue to trade those to maximize profits… find what’s costing you money and cut those to minimize losses.

Luckily for me, my patterns have worked in all market conditions… you see, I was able to find that out by journaling and tagging my trades over the years, allowing me to be up over $300K this year using my best strategies.

Now, I actually have been doing this with my options trades… and based on the performance and profits… I’m going to be taking on more options trades in order to maximize my profits.

This is a brand new strategy that has been very promising… in under two weeks, I was able to go 19 for 19, locking in over $40K.

That said, I will be revealing this never-before-seen strategy tomorrow at 8:30 PM EST… and it’s going to be a one-night-only event. That’s right, I do not have any plans of recording this.

Don’t miss out on this exclusive event and sign up today. Spots are filling up quick and we’re nearing capacity.