• What I’m doing in 2022 to help me profit…
• Watch my favorite patterns and learn how they work…
• This is the last call before Elon Musk shakes the market again. Check it out!

It’s about that time: Let’s discuss some New Year’s resolutions. Here’s a hint: I resolve to keep profiting. Are you with me? Keep reading to help figure out how …

Don’t get me wrong, I think resolutions like going to the gym more and eating healthier are great. Those are ways to improve your health and well-being. I’ll always support that.

But for a day trader, the best way to improve is to find new ways to profit. That’s why my resolutions are to play existing patterns smarter and practice with new ones. 

My Favorite Patterns

These are a couple of patterns that helped me reach +$1 million by 2020. Watch each of these videos and take notes. Sykes has been teaching these patterns for years — and they can still work.

It’s not an exact science, but I think these patterns are the most reliable… 

Multi-Day Breakout

This is one of the most basic patterns. A lot of newbie traders start off learning breakout strategies.

Gap-and-Crap Reversal

Here’s a pattern I look for right when the market opens. It’s always nice to lock in a morning profit.

Panic Dip Buy

This is probably Sykes’ favorite pattern.

AABB).

How To Play Smarter

Here’s how I maximize profits using the same patterns … 

Study

It’s essential to know what I’m looking for. I study so that when it’s game time I don’t have to think as hard.

Day trading is a fast-paced profession. There’s barely any time to think when the markets get volatile.

Check out Sykes’ no-cost Volatility Survival Guide to start your education the right way.

Practice

You can use fake money, real money, or no money. But practicing is essential.

Trading can be really emotional. And when emotions get involved, mistakes happen.

You’ve gotta calm your nerves if you want to start profiting. Practicing helps you acclimate to the niche. Here’s my advice … 

• Start practicing paper trading. Don’t use real money at first. You’ll make mistakes trying to chase profits. I’ve seen it happen over and over again. And it happened to me. Instead, focus on the process and percent gain.
• Next, try small positions. Penny stocks are naturally illiquid. Buying tons of shares could mean you get stuck in a position unable to sell. If you begin with small positions you can … 
• Size up when you’re comfortable. Don’t rush it. This is a marathon, not a sprint.

Now let’s look at some new profit possibilities … 

New Patterns

Every trader is different. We learn differently, trade different stocks, and different strategies.

That said, if you’re looking for new patterns, try turning to other successful traders. More often than not, you’ll learn a thing or two.

• What stocks are they playing?
• When do they trade?
• Are they following a pattern?

Then follow the study and practice notes I included earlier.

Learning to day trade isn’t rocket science. The process is actually pretty simple. But it takes a lot of time and dedication to get it right.

Think you have what it takes?

Apply to study alongside me in my Trading Accelerator.

You’ve gotta take the process very seriously — but luckily you don’t have to go it alone.

Let’s study together,

Roland Wolf

Editor, The Wolf’s Den