3,400% Return in Under 1 Year – How to Turn a $1,000 Portfolio Into $35,000:
Up until yesterday, Jeff Forehand had been an under-the-radar member of Penny Pro. Achieving a 3,400% return within a year is no small feat. In fact, it’s absolutely incredible. With the S&P 500 returning a measly 5-10% per year on average, Jeff Forehand’s returns blow the market’s performance completely out of the water.
The best part of all is that he started in a position much like many other beginners, with only about $500-1,000 to start trading with. It can be overwhelming to see traders with $50,000-100,000+ portfolios pulling thousands of dollars out of the market each day when all you have is a few hundred dollars to work with. But Jeff’s success brings hope to the “little guy” seeking to make big money in the market.
Overall, Jeff Forehand’s success proves that it’s possible to turn a small account into a much larger one within a relatively short period of time with Penny Stocks.
3 Lessons From Jeff Forehand That Contributed the Most to His Success:
1.) Protect Your Capital
The concept of protecting your portfolio is simple: create trade plans, keep stop losses tight, and exit when things don’t happen as planned. Unfortunately, not many traders have the self-discipline necessary to protect their portfolio in this regard. They take a position and refuse to exit as it goes against them, then they start hoping for the stock to turn around, and before you know it they’re a Bag Holder in a stock that has lost most of it’s value. Cut losses quickly and move on to the next one. If you don’t take unnecessary risks, you’ll live to trade another day – and maybe even achieve a 3,400% return just like Jeff Forehand has when all is said and done.
2.) Aim For Consistent Base Hits
It’s easy to get caught up in the marketing hype of different traders and services boasting huge returns on just one or a few trades. But the reality is that most of the best traders capture consistent profits by locking up modest winners, 5-10% gains over-and-over again. It didn’t take Jeff Forehand just a few trades to achieve his 3,400% return – it took hundreds of small, consistent $100-200 wins, with manageable $50 losses mixed in as well. There will be the occasional home run (25-100%+ gain on a single trade), but it’s the base hits that add up over time. Shooting for home runs on every trade often results in over-allocation and a Destructive Gambler’s Mentality.
3.) Educate Yourself as Much as Possible
Becoming a great trader starts and ends with education – you can never receive enough of it. Understanding concepts surrounding proper portfolio allocation, risk vs. reward, support & resistance levels, and more are all vital to your trading success. Many beginners looking to capture extraordinary returns in the market start off by trying to find a platform that provides a Hot Pick of the Day or something similar, but following those types of services won’t get you very far. Understanding the Why and How behind trades is what it’s all about. That’s why Penny Pro, which provides hundreds of hours of video lessons, webinars, and overall mentorship, is so popular.
Aren’t Penny Stocks Dangerous? Not Entirely. The Benefits of Trading Them:
There’s a common misconception out there that Penny Stocks Are Dangerous, but trading anything is dangerous if you don’t understand it. The truth is that penny stocks do carry some disadvantages, like the fact that they’re not often very good long-term investments, but there are a handful of benefits to trading them as well.
#1 Advantage of Penny Stocks – The Ability to Turn a Small Account Into a Large One:
Trading popular blue-chip stocks like AAPL, IBM, and MSFT have the potential to be great long-term investments, but none of them have the potential to generate a 3,400% return for your portfolio within a year – that’s a fact. In order to find the volatility required to generate such an enormous return, traders must turn to lower-priced penny stocks. These tickers have the potential to run 10, 20, 50, or even 100+ percent in a given day. If you can get yourself on the right side of this volatility, turning $1,000 into $35,000 like Jeff Forehand has is certainly possible.
Penny stocks are developmental, speculative companies – most of which fail over time. But that doesn’t mean there aren’t any short-term opportunities for profit. Real-world success isn’t necessarily required from the companies you trade in, it’s only the expectation of potential success that matters. Riding the momentum caused by hype can lead to highly profitable opportunities. In the end, the penny stock arena can actually be a flexible and profitable environment for traders with relatively small accounts.
Are You Ready to Learn From Successful Penny Stock Trader, Jeff Forehand, Who Achieved a 2,400% Annual Return With Penny Pro?
Written by Matt Thomas
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