Two weeks ago, I opened an account for my 3 year old son and one year old daughter. I funded it with $5,000.00, and thought it would be cool to trade from it on their behalf from time to time, and to grow it as a college fund for them. That would obviously put me under PDT again, but I figured I could build it slowly and steadily over time. Fast forward two weeks, and it is the only account that I have traded from (for the most part). Thanks to Bitcoin, and the current market conditions, that $5k has turned into nearly $17,000.00. I can attribute these results to two 3 things... The invaluable lessons and knowledge that I've gained learning from Tim, the work that I put in/continue to put in to gain that knowledge, and the crazy current market conditions in which the worst of the worst of the worst of the cheapest stocks are going bonkers. Prior to these last few weeks, I had a REALLY hard time trading anything under $2.00, and basically never traded anything under $1. Well, the pennies have been running, and I had to adapt to this market. If you look at most of my trades over the last two weeks, they have basically all been overnight holds, and they have also been super low priced junk. BTSC (.08c) GAHC (.03) LINU (.45)... And today it was DCTH, which I bought at .027, sold some at .04, and kept some for tomorrow. So what's the point? The point is that these little guys won't run forever, but as long as they are, take advantage of the fact that you can take larger share positions, ride em for a couple of pennies (if the chart permits of course), and bail w/ great returns. The conditions are perfect right now for growing a small account, so work hard, and take advantage while you can. Back to trade planning, research, and the sweet sounds of Pennystocking Framework!
Thanks!
great words Roland. Thanks! Your track record is very inspiring! I know you're hearing that a lot these days and it is damn well deserved. Great work! Hope to meet you at the summit in Orlando!
thanks a lot Roland
Adapt to the market and never stop learning.
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