This is an interview I did several years ago with a fellow trader, whose website is no longer up and running. I thought I’d post it here since it offers insight into my trading journey. We talk about my trading education, struggles, nightly preparation, philosophy, and more.
When I search for the best stocks to buy, I look for three easily identifiable catalysts: a positive reaction to earnings, a high percentage of the float sold short, and a technical breakout.
Any AIR member will attest to a stock’s ability to generate abnormal returns in the sub $20 niche, especially when an earnings catalyst is applied. This became apparent to me as I was introduced to the “penny stock” niche in mid 2012, and I immediately recognized the potential for exponential growth.
I’ve been penny stock trading for more than fifteen years, and in that time, I’ve turned $12,415 of my bar mitzvah money into more than $4.2 million in trading profits. I like to challenge myself, but I’ve already reached my goal of becoming a millionaire. Now, I’m turning my focus to teaching. My new goal […]
If your definition of an earnings winner is driven by analyst estimates, then you may be surprised that one of the most bullish indicators for earnings winners is of technical nature. I judge an earnings win by the reaction, not some arbitrary number a random analyst estimated as significant. My decisions to buy, hold, or […]