If you’re taking loss after loss right now…
…You’re probably not alone.
After all, the S&P 500 ETF Trust (NYSE: SPY) hasn’t started a year this poorly since 1939. A lot of traders are struggling.
I know what it feels like.
The first time I tried to day trade, I lost all the cash in my account.
It hurt pretty bad. You can read about my trading journey here.
But then, I realized my mistake.
Being a full-time trader doesn’t mean I have to trade all the time.
Instead, I learned a pattern and waited for the perfect setup.
That’s still how I trade. I’ve learned more patterns over the years. But the process is exactly the same.
That’s how I’ve been able to make over $1 million in trading profits.
Stop taking random positions on YOLO stocks.
Learn this pattern and trade like a sniper …
It Only Takes a Few Minutes
I’m usually watching for this breakout play in the morning. And I don’t have to hold for days or weeks. The spike is pretty quick.
Historically, the most volatile times to trade are during power hours — the first and last hour of the regular trading day.
But technically, breakout plays can happen at any time of day.
However, I should warn you … I haven’t seen a lot of great opportunities to trade right now.
That’s why it’s the perfect time for you to learn. We’ve gotta prepare for the coming hot market.
I know the markets are all doom and gloom right now. But it won’t always be like that.
As traders, we’ve gotta think about the future. A market dip allows for a market bounce. It’s the ebb and flow of the industry.
Study this strategy before the markets take off!
My Favorite Pattern
I could sit here and try to explain my process. But it would be a lot to read (and maybe a little confusing).
Luckily, I don’t have to!
I recorded a video about the pattern. It’ll be a lot easier to learn if you watch this …
Once you master this strategy you can learn another. And another.
Some patterns won’t work as well during certain market conditions. But they don’t disappear completely.
Just ask my mentor, Tim Sykes. He’s been trading the same patterns for over 20 years.
Now that I mention him, Sykes and I have some exciting events coming up. We’re touring around the country for live and in-person trading sessions.
Find all the details right here.
If you can’t make it to any of our tour dates, don’t worry.
I hold live trading webinars every Tuesday and Thursday. Traders get to ask me questions while the market’s open.
Learn from the pros to survive this market,
Roland Wolf
Editor, The Wolf’s Den
