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Trade Recaps ยท February 11, 2022 ยท 10 min read

This Is How I Made $6+ Million Day Trading in One Single Day

This Is How I Made $6+ Million Day Trading in One Single Day

Believe it or not, 2021 has been an absolutely phenomenal year! ๐Ÿ˜ฑ My best so far, with an astounding 6 million in just one day!! ๐Ÿคฏ Who could have ever imagined that after the most devastating pandemic in recent memory, we'd witness such record-breaking numbers? But here's the twist: thanks to the ripple effects of 2020, the stock market saw a massive surge in trading volume. ๐Ÿ’น

๐ŸŒฉ๏ธ The Perfect Storm: Bear vs Bull ๐Ÿป๐Ÿ‚

The most severe pandemic in a century triggered one of the harshest bear markets we've ever experienced. But surprisingly, it was flanked by two roaring bull markets at the beginning and end of the year. ๐Ÿ“ˆ

As a matter of fact, the market rebounded quite swiftly after the brief bear market that ensued when the pandemic took hold. The market is nothing if not resilient, and as a trader, you need to be just as tough. ๐Ÿ’ช Thanks to my unwavering tenacity and my ability to bounce back, I managed to rake in a cool $1.15 million during the height of the pandemic in 2020. ๐Ÿค‘

๐Ÿ† 2021: The Year of Breakthroughs ๐Ÿ’ฐ

But hold on to your hats, because 2021 brought a new milestone: 9.3 million I earned through verified day trades from 2016 to the end of 2021, this single day's trading is nearly 2/3 of what I made during those first six years! ๐Ÿ˜Ž

So, if there's one thing we've learned this year, it's that even in the face of adversity, there's always a silver lining. And in the world of trading, that silver lining can sometimes be worth millions. ๐Ÿ’ฐ๐ŸŒŸ

๐Ÿคฉ Most traders think they need to make countless trades daily to ๐Ÿ’ฐ rake in the cash. But truth is, overtrading can make them lose it all! ๐Ÿ˜ฑ Sometimes, just a few good trades each monthโ€”or even a single dayโ€”can bring huge success. ๐Ÿš€

On my $6 million+ trading day, I showed my students the ropes live during a Freedom Challenge webinar, so they could follow my moves! ๐ŸŽ‰ That massive gain was an anomaly, but it proves big leaps are possible with time and effort. ๐Ÿ’ช

To understand how I do it, let's go back to the basics: my daily routine. โฐ

๐ŸŒž My Day-to-Day Trading Magic โœจ

My daily routine is crucial for successful trading days, and October was no exception. Every day, I wake up between 4:00 am PST and 5:00 am PST ๐ŸŒ…, giving myself time to prepare before trading. I use this time to borrow shares ๐Ÿ“ˆ to potentially short them and pick 2-3 stocks ๐ŸŽฏ to focus on for the day, considering market cap, float, and price range to keep my risk management in check. ๐Ÿ”’ Often, my selection depends on what was trending or skyrocketing the previous day. ๐Ÿš€ What happened yesterday can significantly impact the stocks I choose today! ๐Ÿ˜‰

So, the key takeaway is: Don't overtrade! ๐Ÿ™…โ€โ™‚๏ธ Focus on a few good trades, and success can follow. And remember, a solid daily routine is the foundation for trading success! ๐Ÿ†

๐ŸŽฏ Focusing on Stocks to Reserve: Long or Short Positions ๐ŸŽฏ

While many traders eagerly watch for stocks that are ๐Ÿ“ˆ rising, hoping to hop on the uptrend, the reality is that most of these stocks eventually hit a resistance point and then ๐Ÿ“‰ decline. That's why over 90% of traders fail. ๐Ÿ’ฃ Instead of chasing winners, consider focusing on losing stocks to make money. ๐Ÿ’ก My October routine was consistent, even if I didn't trade every day. Maintaining daily habits is crucial for sustainable success. ๐ŸŒŸ Now, let's dive into my daily habits...

๐Ÿ” Using Pre-Market Scanners to Determine Positions ๐Ÿ”

I use pre-market scanners to find tickers that match my strategy criteria, which I also teach to my students. ๐ŸŽ“ Create a watchlist ๐Ÿ“ to monitor stocks meaningful to you and your strategies. After finding stocks that meet my criteria, I start borrowing shares. My goal is to identify stocks moving in the right direction for a good trade, so I can buy shares before the market opens and anyone else jumps in. ๐Ÿš€

๐Ÿ“Š Tracking Key Statistics ๐Ÿ“Š

On a typical day, I monitor various statistics to determine the maximum position size for a ticker. Keep in mind that the current data query shouldn't exceed 5%. ๐Ÿšฆ With experience, this process becomes second nature. ๐Ÿง  Reserving shares early in the market helps ensure you don't miss out on opportunities later. But remember, trading doesn't actually start until around 9:30 am EST! โฐ

๐Ÿ“… My October 22, 2021 Review: The Trades I Made ๐Ÿ“…

To showcase how October went, let's examine some crucial trades from October 22. This exceptional day ๐ŸŒŸ was one for the books and my best trading day of the year! ๐Ÿ† I traded DWAC, PHUN, and DWACW simultaneously. The day before, I saw them skyrocket ๐Ÿš€ and predicted they would fall. ๐Ÿ“‰

October 21 was significant for these three stocks, drawing my attention. So, I decided to short them. Here are the details:

๐Ÿ”ฅStock Ticker Alert๐Ÿ”ฅ: ๐Ÿš€ $DWAC ๐Ÿš€

Introducing the sensational stock of Digital World Acquisition Corp. ๐Ÿ’ผ, trading under the ticker $DWAC on the high-flying ๐ŸŒ Nasdaq exchange. Get ready to explore the world of investment opportunities with this game-changing company! ๐ŸŒŸ๐Ÿ’ฐ๐Ÿ“ˆ

๐Ÿš€๐Ÿ’ฅ Oh boy, did you see that amazing screenshot? DWAC was an absolute game-changer, helping me rake in a whopping $3 million! ๐Ÿค‘ On October 21st, this stock was shooting up like a rocket ๐Ÿš€ and caught my attention like a shiny gem ๐Ÿ’Ž. The volume was crazy high, and guess what? It didn't stop there! In December 2021, DWAC took off once again, soaring to even greater heights! ๐ŸŒŸ Can you believe it? Talk about a fantastic investment opportunity! ๐ŸŽ‰๐Ÿฅณ

๐Ÿš€ On October 21, 2021, $DWAC stock went to the moon ๐ŸŒ•, soaring over 400% ๐Ÿคฏ! The reason? A merger that would launch former President Trump's social media platform ๐Ÿ“ฑ. This exciting news made DWAC one of the top 10 most popular names on Reddit's WallStreetBets chatroom, even surpassing meme stock GameStop ๐ŸŽฎ!

๐Ÿ“ˆ These impressive stock moves can be a sign of golden opportunities ๐Ÿ’ฐ! But remember, not all strategies have the same win ratio ๐Ÿ†. The one I used had a 50% success rate, compared to my usual 65% strategies.

๐ŸŽฒ This high-risk play happened about 3 times a year, so I went all in, shorting the max amount of shares at 89 ๐Ÿ“‰. Although I don't recommend this for my students, I wanted to seize the opportunity ๐Ÿ’ช.

๐Ÿงฎ To calculate the percentage gain, we use this formula: (Entry โ€“ Cover)/Entry * 100. In this case, I scored a 46% gain ๐Ÿค‘!

๐Ÿ”„ I then sold shares at 119 and covered at $74, predicting an upward trend ๐Ÿ“ˆ. This trade yielded a 37.8% gain ๐Ÿ˜Ž!

๐Ÿ’ธ Next, I sold shares at 92, 109 ๐ŸŽ‰, all purchased at $74. This cautious approach gave me an average percentage gain of 30.9% ๐Ÿ….

๐Ÿ Exiting four times while the stock went up was a strategic move to secure profits and avoid missing the peak โ›ฐ๏ธ. After all, the stock market is always a 50/50 game ๐ŸŽญ.

I couldn't believe it! ๐Ÿ˜ฑ Hitting the top is nearly impossible, but there I was, right at the peak! ๐Ÿš€ That's a jaw-dropping feat even for a seasoned trader like me. But as I watched the stock head downwards, I knew it was time to seize the opportunity and make some money by shorting the stock as it dipped. ๐Ÿ“‰

With the stock moving down after a long climb, I had a hunch it would keep falling, so I shorted at $105 ๐ŸŽฏ and rode the wave down to $74, covering my position. ๐Ÿ’ฐ

Here's the math on this one: (105-74)/105 * 100 = 29.5% ๐Ÿ“Š My profits came from accumulating these percentage gains throughout the day. ๐ŸŒŸ

Let's recap those highlights:

Trade Date: October 22, 2021 ๐Ÿ—“๏ธ Earnings: Over $3 million ๐Ÿ’ธ I shorted stocks at $165, covered at $80, resold at $120, repurchased at $74, sold at $110, shorted at $106, and covered at $90. This sequence of events led to a gain of over $3 million. ๐Ÿค‘

The strategy I employed? Dip Buying, aka "Buy the Dips"! ๐Ÿ“‰โฌ†๏ธ This method involves buying a stock after it's dropped in price, hoping it'll quickly bounce back and increase in value.

But heads up! โš ๏ธ This strategy has about a 50% win ratio. It's high-risk, so if you're dabbling in strategies under 65% without a return of around 25-35%, be prepared for some wild rides. ๐ŸŽข

On this day, DWAC and two other stocks zigzagged up and down, making Buy the Dip the right strategy to use. ๐Ÿ“ˆ๐Ÿ“‰ As an experienced trader, I took advantage of both sides of the stock's movement, resulting in over $6 million in profits. ๐Ÿ˜Ž

This advanced trading approach is something I've gained confidence in over years of experience. For beginners, stick to strategies recommended by your mentor or ones you've successfully tried. ๐Ÿง And where can you find such strategies? Not online or in books! They're crafted by experienced traders like me and shared with students in courses like The Freedom Challenge. ๐ŸŽ“

Now, let's talk about $DWACW ๐Ÿ“ˆ DWACW moves slower than DWAC, giving you a few extra seconds to react. It's a sympathy stock of DWAC, meaning its performance is influenced by another company's news. ๐Ÿค

This stock skyrocketed on October 21, so I followed the same steps as with DWAC. Its up-and-down movement provided plenty of opportunities to profit from its volatility. ๐Ÿ’ช Just like before, I shorted the maximum amount of shares my brokerage allowed. ๐ŸŒช๏ธ

The short entry for this position was a cool $55 ๐Ÿ˜Ž and I covered (aka exited) at a sweet $39. ๐Ÿค‘

Let's do the math: (55-39)/55 * 100 = 29% ๐Ÿ“Š So the percentage gain on my DWACW trade was a solid 29%! ๐ŸŒŸ

Now, onto $PHUN! ๐Ÿš€ Phunware was another stock that saw a dramatic rise on October 22. ๐Ÿ“ˆ

Its market cap, valued at $116 million at market close the day before, skyrocketed to a whopping $1.5 billion at its peak of $19.39 per share! ๐Ÿ˜ฒ But then, it fell to around $10. For this rollercoaster stock ๐ŸŽข, I shorted the maximum amount of shares my brokerage allowed at $13 and then covered (exited) at $8. ๐Ÿ’ฐ

The stock ticker $PHUN turned out to be the smallest of the 3 trades ๐ŸŽฏ of the day for me. But the returns were still amazing! I made almost $400,000 with it! ๐Ÿ’ฐ

Let's do the math again: (13-8)/13 * 100 = 38% ๐Ÿ“ˆ Not a bad return for a single trade, right? ๐Ÿ˜ But when you compare it to the other two stock positions I had that day, it leads to a massive return for just one day! ๐Ÿคฏ

As a beginner, witnessing a day like this might make you feel impatient ๐Ÿฅบ. But remember, it took me YEARS of experience! โณ So be patient! Patience is key in this game! ๐Ÿ”‘ A few months ago, I couldn't have imagined a $6 million day. ๐Ÿ˜ฒ

In fact, I used to think the max I could make in one year was $15 million. ๐Ÿค” Well, my outlook has changed now! The pandemic has shaken the market ๐ŸŒช๏ธ and changed the rules. There are more opportunities now than ever! But you need to know what to look for and what to do when you find them. This is set to continue as we enter 2022. So, the time to make a mark in trading is NOW! โŒ› If you're willing to put in the hard work, here's what you need to do... ๐Ÿ’ช

How YOU can potentially earn money trading stocks! ๐Ÿ’ธ Over the last few years, it's become my passion to help beginners learn more about the stock market ๐Ÿ“Š so they can potentially turn this into a full-time career and achieve financial freedom! ๐ŸŒˆ

Day trading is NOT a get-rich-quick scheme. ๐Ÿ’ฐ It takes years of knowledge building, studying, doing paper trades, and testing & proving strategies that work. 2022 is a great year to begin day tradingโ€”or if you've already started, it's an amazing time to focus more on it and put in the work, because the market is going to remain volatile! ๐ŸŽข Meaning more opportunities for YOU! ๐ŸŽฏ If you're willing to put in the work, you can turn this into a profitable new career for yourself, travel like I'll continue to do after the pandemic is over โœˆ๏ธ, or even expand your savings. ๐Ÿฆ

Looking for a mentor? ๐Ÿง™โ€โ™‚๏ธ Learn more about my Freedom Challenge ๐Ÿ’ช or follow me on social media to stay up to date with the developments of what I'm doing in the stock market. ๐ŸŒ

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