AMA: How Do I Get Better At Trading?

[Kyle's Trades] Hello trader, It’s the start of a new year, and as traders — we have to set goals. I’m interested in seeing what my readers’ goals are, so I decided to open up a discussion and see what you want to achieve in 2020. I got an overwhelming response and one question I saw that popped out to me: [How do I get better at trading?]( Why? It brought back memories of when I first started trading… because I too asked that question because trading is my passion, and I knew I wanted to be great at it. However, it wasn’t too long ago I was a college graduate drowning in debt... who lived in LA with a salary of less than $40K a year and scrambled for food... I knew I couldn’t continue my life in that fashion, so I turned to the stock market — I knew that was one of the fastest ways I could change my life. Of course, I had lofty goals and wanted to be an overnight success… and as you all know, the market doesn’t work like that. Heck, when I first started out, the market pummeled me to a pulp and I lost nearly 50% of my trading account... That’s when I thought about stepping away from the game, forever… but I knew if I wanted to [evolve into an elite trader]( there will be some growing pains along the way. Instead of shouting, “This is stupid, the market is rigged!” I decided to push forward and take the necessary step that allowed me to become the trader I am today. [How did I go from a broke college student to a 7-figure trader?]( Develop An Edge The one common trait that all elite traders have is an edge. In other words, they have an advantage in the market. For me, I’ve found my edge in catalyst events and charts. Basically, [I look for a reason why a stock could move and pair it with one of my favorite chart patterns.]( It’s really that simple… and that’s what helped me go from a broke college student to a multi-millionaire in just a few short years. The key to success in the markets is to find a clear-cut advantage in the market and stick to it. Focus On The Setup The way I got really good at trading was the fact I focused on one simple setup… and perfected it. Now, [I just look for one trade idea a week and send that out to my clients.]( The goal is to be in and out of the trade in five days or less. I dig deep into my trader’s toolkit and come up with my best trade idea, it could be a catalyst or something I see in the options market. So far, [every single Fast 5 trade has been money!]( Let me show you how it all works. On Monday, I sent out my latest [Fast 5 trade]( and at the time, I was 7 for 7 on my highest-conviction trade ideas. I was looking to continue the streak and go 8 for 8. Spoiler alert: The trade was right on target! The trade idea: BlackBerry (BB). BlackBerry had a positive catalyst and headlines came out that the company will collaborate with Amazon Web Services. Not only that, but BB had a bullish chart setup. If you look at the daily chart above, BB broke above a key resistance level a few weeks ago… and was starting to get into the gap. Typically, when we see this type of price action, it’s a sign the stock could run higher. So I came up with a game plan, and [provided my clients with buy, profit, and stop zones.]( When you have a trading plan, it becomes a heck of a lot easier to trade… and the response thus far has been extremely positive. [Image]( [Image]( [Image]( Of course, winning on a trade is great… but the thing is, you need to study your wins (and losses, if there are any) if you want to get better at trading. That’s why [I’ve made it a priority to provide Fast 5 clients with trade breakdowns.]( For example, after my clients nailed the winner in Nokia (NOK) last week... [Image]( [Image]( [Image]( … I didn’t leave them hanging. In fact, [I walked my clients through the setup]( so if they see the pattern again — they’ll know exactly what to do. [Image]( That way, [you can earn while you learn.]( It’s really that simple. If you want to become get better at trading in 2020, get off on the right foot and let me do all the heavy lifting for you. [I’ll send you my highest-conviction trade idea every week, and you can expect it to hit your inbox on Mondays.]( Of course, I’ll also provide lessons along the way. If you want to put yourself in a position to win, [sign up to Fast 5 trades and jump-start your trading success!]( Cheers to Profits! [Image] [Kyle Dennis]( [Click here to unsubscribe and stop receiving exclusive emails from kyle@biotechbreakouts.com]( Neither Kyle Dennis nor RagingBull.com, LLC (publisher of BiotechBreakouts) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. 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