Swing Trading 101: How Sami Lost $65,000 Before He Hit It Big

Before I got into the stock market, I was a CPA.

After 8 years of continuing education, I decided I'm not doing that anymore. So, I gave up my CPA license.

But I had saved up $20,000 while I was going to college, and didn't know what to do with it.

I read about how Warren Buffett, the second richest man in the world, made all of his money from investing.

So I was fascinated.

And then I read about a 21-year old kid from New York, who made $1 million dollars the year before.

I thought “I'm going to blow them out of the water.” That's how competitive I was.

Not arrogant, just competitive.

So I opened an account with $16,000, and in 6 months, I made $10,000.

6 months after that, I had $50,000

We're not talking big money here but I was amazed that I went from $16,000 to $50,000 in a year.

My PhD brother said “if you can make that kind of money by buying and holding, imagine what you could do playing these active stocks.

He was referring to the stocks on the new highs list.

That's when I got into day trading. And then in a few short months, I lost everything, and $15,000 more.

So I lost $65,000 off the top.

That when I realized I didn’t know as much as I thought I did. And I started to look for professional trading education.

After that I participated in a trading challenge from Zacks.com. The winner of that challenge received $100,000 at the end of the year.

I did rather poorly.

But I did something achieved something than winning the challenge. I met the guy who who.

He turned $100,000 into $2 million within a year.

He wrote a blog post about his dad passing away.

So I just sent him a heartfelt message expressing my condolences.

And then we got to talking and then he told me that he had been a professional trader for 15 years.

He learned from a system called Trading the Pristine ® method.

He told me to check it out, so I did.The rest is history.

I became a member of the community, and then I was invited to teach.

I didn’t want to be a teacher. I just wanted to trade.

But my house was being remodeled, and I thought I’d try it for 6 months during the construction.

Before I knew it, I was a full-time trader and educator.

Eventually, I was named Director of Education of T3 Live.

Now let’s talk some actual trading.

Throughout the course of my trading career, I realized that not everything works the same in all conditions.

Some strategies are only suited for certain environments.

So I've accumulated a number of strategies over the years that deploy based on market conditions.

Today I’m going to talk about swing trading, which is my wealth-building tool.

Day trading is for income.

Institutional money can’t get in and out of the positions in a day or two.

They're trading millions upon millions of shares. So they'd like to hold for a long time. And they can push stocks up or down by quite a lot.

So swing trading gives you the opportunity to take advantage of the institutions’ buying power.

Scroll up and watch the video to learn more about Sami’s swing trading strategy.

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