Is Sell in May Back?

• BNB (Fox): The newsletter long from last week hit entry at 666.73 and ran up to a local high at 697.96 for a 4.6% unleveraged move.

• OKLO (Donny): Called in 5/7 NL at $29.17 vs last close of $53.90 (+85% unlevered return in ~3 weeks).

• UEC (Donny): Called in last week's NL and reiterated high conviction buy in my TG channel. Entry of $5.20 vs last close of $6.58 (+27% unlevered return in a week).

• NXE (Donny): Called in last week's NL and reiterated high conviction buy in my TG channel. Entry of $5.40 vs last close of $6.34 (+17% unlevered return in a week).

• DNN (Donny): Called in last week's NL and reiterated a high-conviction buy in my TG channel. Entry of $1.45 vs last close of $1.70 (+17% unlevered return in a week).

Get a J.O.B.

This is easily the biggest mindset mistake I see new traders make: the idea that they will get rich off their small portfolio. It's the same question over and over: "How do I grow a small portfolio?" The answer is simple: work a job, trade your time and money, and engage in cash-flowing activities.

Trading and investing are amazing ways to create wealth, but the less money you start with, the harder it is. The fact of the matter is that trading is a percentage game. The effort required to make $1,000 on $100,000 is the same effort required to make $1 on $100. Trading is a terrible way to grow a small account because you're fighting for your money in one of the most difficult professions, only to make a few bucks.

So here's what you can do to build a large account step-by-step:

1. Generate cash flow

   This can be done through a job, entrepreneurship, or even things like airdrop farming (although that's not so lucrative anymore). The point is to engage in activities that pay you for your time. Chances are, it will pay you more than trading to start.

2. Cut all spending

   Stop eating out, learn basic home cooking, or find a cheap alternative. Don't buy new stuff; you don't need it. If you have debt, pay it off. 

3. Ignore the money

   Start trading, but don't use money. Learn how to win on paper trading.

4. Start trading with real money

   Once you've proven yourself on paper, use your paycheck to fund your trading account. But don't quit your job, keep stacking as much cash as possible. A nice place to start making some money is around $10K in your account, as you could make an extra 1-3 K a month.

5. Do the Math

   Trading doesn't necessarily make you more money the more time you put in, but if you can trade and easily make more than your job, you can consider quitting and going full-time trading.

Using these first few steps, you could grow your portfolio to $100K+ in a couple of years (assuming you're in a Western country). Once you start making good money, that number can go much higher.

If you want to grow even more, just have patience and wait for great opportunities, like bear markets, to accumulate high-quality assets. Those moves will help you get multiple Xs on your net worth just by waiting.

The story's moral is that if you're sitting here with a couple of Gs to your name, trying to catch one big win, you're doing it wrong and WILL lose all your money. Maybe tomorrow, in six months, but it will happen. It doesn't matter if you went from $2K to $100K; aiming for big wins means 0 risk management, which means a total portfolio value of... It's $0.

Manage your risk. Stack your capital. Be patient.

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