From Desperation to a 19.3% Win: How this Project Manager Transformed His Trading in 2 Days

Timothy Mullins

Project Manager

After four years of serious trading, Timothy Mullins felt that he was reaching the end of the road.

As a successful project manager, he was used to proceeding towards his goals with clarity and focus, but countless hours and several thousand dollars spent on trading education had left him confused, frustrated and, in his own words, even desperate at his lack of progress. It wasn’t supposed to be this way.

Why Stock Investing is Simple

No less a figure than Warren Buffett has continuously insisted on the essential simplicity of the stock market, and once welcomed his fortunate Berkshire Hathaway shareholders to their annual meeting with the words:

“Inactivity strikes us as intelligent behavior. Neither we nor most business managers would dream of feverishly trading highly profitable subsidiaries because a small move in the Federal Reserve's discount rate was predicted or because some Wall Street pundit had reversed his views on the market. Why, then, should we behave differently with our minority positions in wonderful businesses?”

What Buffett was doing, in his inimitable style, was to stress, as he always has, that buying a stock means buying a share, quite literally, of the future earnings of a business. And if the fundamentals underpinning that company’s earnings potential remain sound, there’s no reason to dump the stock because of short-term changes in market sentiment towards it.

It’s an excellent summary of the simple philosophy of the value investor, and his skill in applying it has made Buffett one of the wealthiest individuals on the planet. But unfortunately, it’s an approach that has little or nothing to do with trading.

Member Profile:

Project Manager, Timothy Mullins, from San Bernardino, California has been interested in trading for many years but only began to study the subject seriously about four years ago. Fired by a dream of using his trading profits for the benefit of special needs children, Timothy spent heavily on failed education programs that left him frustrated and even desperate. But the new sense of confidence and clarity he felt after just one weekend working with Daily Profit Machine led him straight away to a 19.3% win from a single trade.

Location:

San Bernardino, California

Occupation:

Project Manager

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Why Stock Trading is Challenging

It is often said that “a rising tide lifts all boats,” and this may be true for long-term value investors, but trading is better regarded as a zero-sum game. That’s to say that to be successful you need someone to be on the losing side of the trade, someone who wants to buy at the price at which you want to sell, and vice versa.

That might sound obvious, but it means that every trade has winners and losers, and the research is unanimous that there are always more losers than winners.

Now factor in the transaction costs you will have to pay, then add the unfavorable taxation of trading profits, and you could be forgiven for wondering if anyone ever makes any money at all as a trader. But rest assured, it can be done.

The key is to realize that being involved in the markets day in and day out, even if you’re only waiting for the right set-up to appear, is like working in your own business, and needs to be treated as such.

It’s something which his previous struggles have made Timothy Mullins only too well aware of, but after working with Daily Profit Machine to clarify his approach, it’s a challenge he now relishes, “I want to be a full-time trader,” he says, “I want to take my time, build skills and my trading account. Then “work” to provide my family a better life.”

The problem for traders like Timothy, who want to trade for a full-time income, is that while in the long run, a stock price is almost always a good indicator of the underlying performance of the business, short-term price fluctuations are much less predictable.

Prices can, and do move very rapidly in response to that most elusive of creatures, market sentiment, which itself may be shaped by such mundane matters such as company earnings reports, announcements from the Fed or even natural disasters on the other side of the world.

So, while placing trades by trying to anticipate the mood of the market is a surefire way to blow up your account; nor can you use an assessment of long-term value as a predictor of short-term price moves.

“I want to be a full-time trader. I want to take my time, build skills, and my trading account. Then “work” to provide my family a better life.”

Timothy Mullins

Project Manager

Learning How to Trade for Consistent Profits

But this doesn’t mean that trading can only be mere speculation (although the terms are sometimes used interchangeably). There are many tried and tested ways of analyzing stock prices, and what may appear to the unpracticed eye to be no more than random lines on charts are well-known patterns which have been observed countless times before.

Having a good working knowledge of these patterns and indicators is, therefore, one of the keys to successful trading. But true mastery is a lifetime process. That's why even the most successful traders never stop learning.

So does that mean you have to wait for years before daring to place even the smallest of trades? Not at all.

Using a service like Daily Profit Machine’s Daily Profit Planner is a great way to gain confidence by taking regular trades under the guidance of acknowledged market experts.

And, most importantly, you won’t just be guided towards the trade, you’ll take the professionals’ approach, learn the detailed background, precisely why the market has set up as it has, and why a profitable price move is anticipated.

“I chose Daily Profit Machine because Davis Martin and Jeff Williams presented their materials in the webinars with clarity. I signed up for the Daily Profit Planner with the SPY trade of the day as my goal.”

Timothy Mullins

Project Manager

Having The Right Information Can Get You Fast Results

It’s a system which paid off handsomely after a single weekend of study for Timothy Mullins.

“I purchased on Saturday, watched training videos and placed my first trade on Monday morning after reading the pre-market alert from Davis Martin. Within 20 minutes, I had closed my first trade for a 19.3% gain,” he says.

Below, is the tweet Timothy sent Davis celebrating his second Daily Profit Machine trade.

While understandably delighted with these outcomes, Timothy is under no illusions that every trade will be as successful. His priority now is to continue his technical education, to practice remaining calm under the pressure of live trading and to execute detailed instructions while building the confidence to make his own trading decisions.

And his faith in this approach is reinforced by the knowledge that with a sound trading plan and the right attitude towards risk and reward it’s possible to trade profitably with only an indifferent hit rate.

“I purchased on Saturday. Watched training videos and placed my first trade on Monday morning after reading the pre-market alert from Davis. Within 20 minutes, I had closed my first trade for a 19.3% gain.”

Timothy Mullins

Project Manager


Timothy's Goals Now Seem Possible

As legendary Wall Street financier Bernard Baruch once said,” If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”

From this perspective, Timothy’s goal of becoming a full-time trader now appears very attainable. And that’s not just good news for his own family, but also for many others.

“My wife and I are planning to open a training facility for special needs children,” he explains, “so when I can earn enough, we will build futures for more families.”

Timothy Mullins

Project Manager

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