"When your desires are strong enough, you will appear to possess superhuman powers to achieve." ~ Napoleon Hill
Dear Trader,
It’s easier to stay motivated if you set out a goal and visualize accomplishing it.
Your potential earnings in the stock market are only limited to your imagination. Will six-figures in gains be enough to quench your thirst? Or will you only be satisfied once you cross the seven-figure finish line?
Whatever your goal is… make a mental picture of yourself with that amount of money.
Imagine waking up every day—and living life as if you had already accomplished your monetary goals. Try to get a sense of how it will make you feel and how different things would be.
In this issue of All-Access, you’ll learn how a handful of growth principles from the legendary success author, Napoleon Hill, can help you trade better and be more profitable. Sure, Daymond John may have been impressed by Jason Bond’s Weekly Windfalls strategy… But how did it stack up for Kyle Dennis when he took it for a test drive? The principles from Napoleon Hill’s book, Think and Grow Rich, are enduring and timelier now than ever.
As traders, here are some of the main principles from the book that we can stand to gain from:
Desire
Of all the principles, this one is perhaps the most important. Desire is not just a wish, something fanciful that you hope but don’t expect to come true. Desire is a burning, full-commitment that you cultivate for several hours per day. It’s a MAJOR DEFINITE PURPOSE. If you don’t know your desire, take some time to reflect on it and write it down. If your goal is to make $1 million trading, write it down.
Faith
Anyone can formulate a desire for something they want to accomplish, but very few people are able to trust the process long enough in order to be successful. When you put on trades in the market, you need to remain faithful that sticking to your strategy will bring in profits over time.
Specialized Knowledge
As traders, we need to narrow our attention to a particular niche within the market. Maybe your nitch is playing calls and puts on the SPY every day. Or maybe its penny stocks. Whatever it is, you won’t be successful if you spread your efforts and strategy too thin. Source: Reuters
Insider trading may be illegal, but the truth is that it happens every single day.
While most everyday people have no interest in hedging their bets in plays that could send them straight to jail, many Wall Street elites have no fear.
In this post, Kyle Dennis explains how the successful hedge fund, SAC Capital, went defunct after insider trading convictions.
More importantly, he reveals a 100% legal way to piggyback off these insider plays and rake in profits... like the whopping 200% gain Kyle took overnight after spotting suspicious GE options activity.
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When Nathan Bear’s son ordered $5K of Jenga sets on Amazon, Nathan wondered how much better that money may have been put to use if he bought $5K of ROKU instead.
Just think about it — the streaming device stock is up 380% this year, and that’s just the stock. If you had bought calls on the stock during its growth surges, you would have profited a whole lot more.
Luckily for Mr. Bear, not all his money went to Jenga sets this year, and he did trade ROKU quite a bit.
In this post, he reveals the 3 reasons why he loves trading ROKU, and he shares how he locked in gains of 250% for a $7,000 payout in just one play.
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ONE TRADE, ONCE A WEEK
ONE HUNDRED PERCENT PROFIT TARGETS
If you adhere to conventional trading advise, then you can be darned sure you have a losing strategy on your hands.
One of the common trading myths is that you should always buy at support and sell at resistance.
But what if the truth is that support is resistance and resistance is support?
Prepare to have your mind blown…
In this post, Davis Martin explains some of the most common support and resistance pitfalls for new traders and how you can determine correct entry and stop prices.
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The Fed cut interest rates by a quarter percentage point on Wednesday, for the 3rd time in 2019, and the overall market continues to climb.
This has many traders biting their nails in a debate over whether to sell at all-time market highs or continue to buy momentum.
It’s a tough question that nobody can answer, but the good news is that with penny stocks you put the overall market debate aside.
In this post, Jeff Williams explains how you can use penny stocks to trade off catalysts and the forces of supply and demand.
He also shares how he took a 50% overnight profit in his Canal Capital Corp. (COWPP) trade, which he alerted subscribers of his supernova service.
Continue reading…
To Your Success, The RagingBull Team |
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