Double or Nothing
It’s only mid February and I am so blessed! I have managed to double my trading portfolio with my current percentage gains at 164%. I owe it all to mindset…lol well really I owe it to the market conditions! This week alone the market has blessed traders with 3 low priced stocks that were down 32% or more. Today MX, a company I knew nothing about was down over 60%. Most traders understand the mini pop that can occur when a stock is down so much prior to market open. I bought MX as soon as the market open and was rewarded with 8% within 5 minutes of my buy. I took profit and kept trading with in the pattern and eventually I was able to take even more profit.
Buying based on such a huge percentage drop is risky, however with years of experience I know it as “bottom fishing”. Some of my most fantastic gains came from this very strategy, or a rare strategy for 60% drops does not occur everyday in the market.
Thanks to COUP, PIR and MX. I am able to take a few months off of trading to just mentor my students! However, my passion for trading goes beyond the well needed time off. So I will be back at it again.
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