“You can’t always get what you want… But if you try sometimes…”
You know the rest.
I talk a lot about profits, and for good reason.
My PVA members win a lot more in the markets than they lose.
That’s not bragging — it’s just facts, as the kids say.
In just the first two weeks of 2021, we’ve already booked profits of 100%, 105%, 269%, and even 913%.
But nobody’s perfect… and no matter how much you plan and research, there’s always going to be some risk exposure in the market.
So, in the interest of transparency, I’m going to give you a little backstory about that particularly chunky 913% gain…
And how we very nearly doubled our profit on it.
We’ve all been there before.
You have a trade that you get out of too early.
Maybe you got spooked by a pull back.
Regardless of the reason, your early exit results in either a loss or a less than optimal gain.
It goes with the territory of trading.
Even if you’ve only been trading for a year or two, you can probably recite earnings disclosure language in your sleep.
Say it with me now— “There are no guaranteed results in trading.”
However, knowing that it’s only a matter of time doesn’t make it sting any less when it’s finally your turn.
And believe me, this little flub is still giving me heartburn.
FuelCell Energy (FCEL) turned out to be the trade that kept on giving in 2020.
It all started when I first recommended it to my PVA members on November 18, 2020.
I recommended both the stock (around $4 a share) and options on this one.
And between both, we had a hell of a run.
Literally the next day, we took a 100% profit after selling a portion.
Continuing to sell off in increments, the profits continued to grow in late 2020.
Profit-taking round two yielded 300% – 400% in profits.
Round three resulted in another 500% – 600% in profits.
FCEL was a golden goose.
Just last week, when the stock was up to around $12, I recommended selling the last options piece for the previously mentioned 913% gain.
I felt like a hero, riding off into the sunset with a bag full of loot.
Then, like a bad wife in an old Bible story, I looked back. And I still feel a little salty about it.
Yesterday, on a whim, I took a look at how FCEL was doing.
Turns out, it was up to $19 per share.
That means that those options that just yielded a 913% profit are now up a mind boggling 1,900%.
When we first got into the options they were .74 each, or $74 per contract.
As of yesterday, those same options were trading at $1.45 each, making each contract worth $1,450!
it’s never fun leaving 1,000 percentage points on the table. I don’t care who you are.
Now, to be fair, those options expire this coming Friday, so of course you can’t stay in the trade forever.
But as much as it stings, it’s imperative to remember that these things happen.
Knowing that market losses are inevitable, we can prepare a little more.
Your longevity as a successful trader comes down to two things:
- You have to win more than you lose. If you take a look at your last 30 – 100 trades and see that you’re losing more than winning, you need to rethink your investment strategy.
- How much you’re making vs how much you’re losing. You can calculate this by dollars, or percentages. Either way, it’s critical for you to know these numbers.
When you know these numbers, you can adjust your investment strategy accordingly and set yourself up to win more consistently.
As you can see, we’re all in this together. But if you have an investment plan, patience and great resources in place, you can walk away from the market with some significant profits.
If you want to understand my methodology for finding trades like FCEL and discover how you can book potentially huge profits on upcoming trades, click below to watch a free training video.
Even though there’s a significant difference between 913% and 1,900%, a 900%+ profit is nothing to sneeze at.
One thing is for sure…
If I didn’t take the chance to invest, I would’ve gotten zero profits.
Just like the old song says, “If you try sometimes, you just might find… you get what you need.”