The problem so many traders have when they first start out is filtering through the best setups out there… and I don’t blame them, I went through the same thing.
We’re constantly bombarded by news… and that forces you to take every single trade you see that looks juicy… but ultimately, you end up churning your account.
Sure, I’m a multimillionaire now and am up more than $7M in career trading profits. However, it wasn’t all glitz and glory… and it was definitely not an overnight success story. In fact, I lost nearly 50% of my trading account real quick.
Basically, I was overtrading and did not have a clear-cut edge in the market… and that’s one of the quickest ways to lose your shirt.
Of course, I was scared after I damaged my account… I was a UCLA graduate fresh out of college with $80K in debt, working at a real estate firm…
Like many college graduates, I wasn’t sure what I was doing… but I studied biology… and that’s when I found my edge in the market. The healthcare sector is filled with opportunities for me to take advantage of… and I’ve actually made it ultra-simple for us to attack healthcare stocks.
Today, I’m living the life… consistently raking in profits with my highest conviction trade ideas.
So how can you simplify your trading… and make it as easy as just one trade a week?
Trading Doesn’t Have to Be Complex
Let me tell you something about trading biotechs and pharmaceuticals… it’s not as complex as you think. In fact, you don’t really even need to know the lingo.
You see, there are specific patterns I look for when I look for my Fast 5 trade every week, and I simply look to the charts and a calendar.
Let me show you how simple it really is.
All I do is filter for healthcare stocks that meet specific criteria.
I like to use Finviz because it’s free to use, and you could filter for average volume, market cap, sector, and price — what I use all the time.
Once I find the perfect pattern, I head on over to BioPharmCatalyst and look at the FDA calendar.
If there’s an upcoming catalyst, I quickly develop a plan and that’s it.
But don’t worry about all this… I actually do all the heavy lifting for you… and just send an alert with a simple trading plan.
For example, here’s what I send out to Fast 5 members:
Nov. 11, 2019
Here’s our first trade idea!
The company is DMPI – and they have some data coming November 22nd. It should make a move up higher into that event. So, the details for the trade are below!
This is my favorite play of the week!
DelMar Pharmaceuticals (DMPI)
Catalyst Dates: Phase 2 data updates November 22nd
Buy Zone: $.65 to $.75
Profit Zone: $.85 or higher
Stop Zone: $.50 or below
Look at the date I sent that out… November 11.
Check this out now…
The stock went right to my target… and that’s really how easy it is.
You plan the trade and trade the plan. No need to try to understand the inner-workings of biotechs. All you need to do is know there’s an upcoming catalyst and pair it with a bullish chart pattern (but don’t worry, all the work will be done for you).
Fast 5 may be the perfect solution for you to simplify your trading… it’s literally one trade a week, every week… and the goal is to get in on Monday and take profits before Friday.
If you haven’t done so already, watch this short clip — the next 100 people who watch will receive an exclusive deal.