Preparation Meets Opportunity
Dear Penny Stock Millionaire,
Last week was a perfect example of what happens when preparation meets opportunity.
I’m gonna share a few numbers with you. But first I wanna make one thing clear. This is not about me bragging or showing off. This is all about you. You need to understand the opportunities in the market today. Right now.
Because I don’t know how long this will last. I don’t know how long we’ll be in lockdown. You can’t predict how long the coronavirus or the hot police equipment sectors will last. Who knows how long the holiday trading vibe will last…
There’s so much money at stake every day. All I can do is take it one trade at a time.
So far in 2020, I’ve made $279K in profits. In May, I made $106K. Last week I made $59K. And on Friday, June 5, I had my biggest day in years — $19,226 in profits.
What you need to understand is, it’s not magic. There’s no secret. Instead, you need to face the facts. Remember, preparation meets opportunity is only half the quote…
“Luck is what happens when preparation meets opportunity.”
— Seneca the Younger
It’s not luck, right? That was Seneca’s point. With that in mind, in this edition, I’m gonna change things up a little…
Trading Lesson of the Week
I’m not trading perfectly. But there are so many freakin’ opportunities — so many plays — it’s allowing me to be better. It makes me look better. In reality, it’s just that the market is on fire. But that wouldn’t matter if I wasn’t prepared.
Preparation Meets Opportunity: Get Your Mindset Right
First, don’t feel guilty if you miss a play. Don’t feel bad if you see someone else making $5K, $10K, or $15K on the day.
Pay attention — this moment can change your life. I want more people to get prepared. On Friday, I made $19K but missed out on more. I only took a small part of the potential profits. That shows you how much opportunity there is…
The reason I’m able to make that kind of money in a single day and still miss out is preparation. The opportunity is there, and I’m prepared. But it’s not just me. My top students report crushing it. And it’s because they put in the time. They’re prepared.
Check this out…
When Preparation Meets Opportunity, It Can Change Your Life
Recently I’ve had a lot of newbie students say “Tim, it looks so easy.” Again, preparation meets opportunity.
Preparation makes it look easy because if you’re prepared there is opportunity. If you’re unprepared, trading can be very confusing.
Penny stocks move fast. Right now there’s a lot of volume and a ton of volatility. Again, this means there’s a lot of money at stake. So it’s imperative you’re prepared.
Three of my top students are great examples…
Three Students with Three Years of Preparation
Last week Kyle Williams reported making $18K. Jack Kellogg crushed it, reporting a $54K week. Matthew Monaco reported $18K.
In April, Matthew made $19K. That was his best month ever before he made $48K in May. Now, inone week, he made what his record month was two months ago. (I have a spotlight post about Matthew coming soon.)
But there’s a detail most newbies overlook…
So are these guys special? No. They’ve studied their butts off. They’re a great example of what happens when preparation meets opportunity. And they’re also dedicated to paying it forward.
Last week I was a special guest with these guys on the TWIST (This Week in SteadyTrade) podcast.
Why You Need to Put In the Time NOW
It’s not likely you’ll find a better market than we’ve seen the past few weeks. On the podcast, we talked a little about how it seemed to be slowing down. But the rest of the week was crazy. I don’t try to guess what’s coming. But I do know this … now is a great time to trade and a great time to learn.
So you really need to put in the time now. Study so that you can be prepared. Even if you’re not making big money right now, try to learn from it all. Then you’ll be prepared next time there’s market mania.
That time might be this week. Or it might be next year. Here’s my point — success happens when preparation meets opportunity. The reason it looks so easy for me and these students right now is that we’re prepared. We’ve all put in the time.
What Will You Do Today to Prepare for Tomorrow’s Opportunities?
Right now there are a lot of opportunities. But most of you reading this aren’t fully prepared.
It’s all about studying the past. Right now you get the added bonus of witnessing a truly hot market in real time. Take advantage of it. Study the past and you’ll see how amazing this market is.
What About Hot Picks?
I’m pumped right now because I see how much potential there is if you can follow instructions. It’s an exciting time. Still, some people say things like, “Tim, just give me hot stock picks. I don’t need to study. I don’t need all this other stuff.”
This is what I have to say…
Never follow my alerts. Never follow alerts from anybody. Learn why I’m making a trade. Why am I entering? Why am I exiting?
Yes, there’s a lot of opportunity. But you need to study. You need to have the right tools. Then you can capitalize on the opportunity. So stop thinking about hot picks. Instead, study the past and learn from the present. Use that knowledge to prepare for tomorrow’s opportunities.
Here’s a good example…
Trade of the Week
This trade wasn’t my biggest win of the week. But it’s a perfect example of how you can bank when preparation meets opportunity. Check it out…
Digital Ally, Inc (NASDAQ: DGLY)
Digital Ally is a police equipment play — specifically, body cameras. DGLY spiked based on a tweet showing police wearing its body cameras.
Check out the DGLY chart from June 5:
DGLY chart: June 5 intraday, 1-minute candle, breaking news play — courtesy of StocksToTrade.com
As you can see from the chart, I didn’t even take the whole meat of the move. But I made a profit of $3,450 in a few minutes.
So how did I know DGLY was a good play?
First, I recognized the breaking news.
Second, I recognized it was a former supernova. Not in the last 100 days … not even the last year. But if you go back to the last time police brutality was being discussed like it is now…
… you’ll see it went full-on supernova. Here’s the DGLY 10-year chart…
DGLY chart: 10-year, daily candle, former supernova — courtesy of StocksToTrade.com
Again, my trade last week was an example of preparation meets opportunity. I recognized the former supernova and the catalyst. I had the right mindset and the right tools.
Charity and Lockdown Update
Most weeks I start the update with this section. It’s super important to me, but I needed to get your attention about preparation. Why? Because when you’re financially free you can give even more.
We’re talking with a bunch of charities. Unfortunately, not much is happening with the virus everywhere. All the school-building has stopped. It’s sad but … we’ll get through this.
We’re still donating to Direct Relief and also Trunks Up to help the elephants in Thailand. There’s a video coming about that — more details soon.
Millionaire Mentor Market Wrap
Every day that you come to the battlefield unprepared, your risk of being decimated goes up. And every day you fail to prepare means more opportunities missed.
Success comes when preparation meets opportunity.
What are YOU doing today to prepare?
Talk to you tomorrow,
Editor, Penny Stock Millionaires