[RagingBull Elite](
Morning Undefined,
Jason Bond here.
Todayâs the day Jeff Williams is revealing the 5-step checklist that had him and hundreds of members cashing in big on their small accounts in 2019.
[Click Here to Watch LIVE](as he finds his next trade idea (which, by the way, is why this event is in the early afternoon--so Jeff can conduct a live trade scan with attendees).
To prep you for todayâs event at 2 pm EST (Mark your calendar!), I sat down with Jeff for a quick Q&A session ahead of [todayâs event.](
JB: How big was your account when you first started trading?
JW: $2,500. I took it to about $80,000 and lost all of it -- had no idea what I was doing or how I did it. I believed everything that everyone told me, held all my stocks for months, and sold it all for $250 at the end.
Was that the most expensive trading lesson youâve learned?
Well, my biggest loss was about $20,000 on one option trade.
Wow -- was it one you bought to open or were you selling?
I bought on earnings, day before, opened calls and puts. Figured I would win on one or the other and the stock went flat. Lost on all.
Ah, the ol' implied volatility crush.
The olâ smackdown!
It's deadly.
I called and closed my ability to trade options right after.
Have you been trading penny stocks from the start?
Yes, I have tried other types of stocks and they donât fit my personality. I have a lot of energy and donât sit still for long, and I think thatâs why penny stocks are attractive to me. You get quick, volatile moves, can make big returns in a day or two, and then move on to the next.
What's the biggest misconception people have about penny stocks, in your experience?
That they are a pump-and-dump -- biggest misconception out there. If you go back and [look at my track record](, most of my trades actually trade OVER their 50-day average volume.
So you obviously had a great day for the portfolio last Friday, with over $2,300 gains -- and right before we starting talking here, you made a quick $1,000 profit in 10 minutes on TEUM! And that all happened while the stock market was getting hit pretty hard.
Do you find that penny stocks are somewhat insulated from broad-market sell-offs? Or do you change your approach when the market is selling off?
So here is my take on why I just love these types of stocks⦠when the markets are running, people are pouring money into ALL types of stocks, all price ranges, so that's a win.
However, when the markets pull back and start a sell-off, most large-cap traders end up taking a hit, while most of that money that leaves the large-caps ends up going into small-caps as somewhat of a "safe haven." So for me, up or down, itâs a win-win.
What are the two most critical trading rules you would share with a small account trader just starting out?
First, the biggest thing small account people need to remember, in my opinion, is to take profits when you have them. If you don't, someone else will. If you were walking on the street and saw a $50 bill, would you walk past it or pick it up? Easy -- so when you get into a winning trade, LOCK IT IN!
Second, it's better to stop out of a trade too soon rather than too late. Protecting the capital you have is essential to live to see another day.
Thanks for your time Jeff! [Go get âem today!](
The RagingBull Team
P.S. Last chance to have your name added to this VIP Attendee List. [Clear here to secure a seat](. We hear thereâs a surprise in store⦠something about a new small account challenge with LESS than ever before. [Be here to find out.](
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