Known in Southern California investment circles as "The Mohammed Ali if day trading",
Sammy Chua's Story sammychua.com
When Sammy Chua was a Chinese kid growing up in the Philippines, he had no idea that One day he would become a phenomenon. Known in Southern California investment circles as "The Mohammed Ali if day trading", Sammy boasts a verifiable trading record of more than 2000% profit in six months.
Sammy grew up in Manila where he studied Management Engineering and Economics at Ateneo de Manila University. After coming to the United States in 1984, Sammy put his education to good use as he joined with his family in starting a manufacturing business. Over the years, Sammy’s opinion of how to grow the business differed form this family, And they parted company.
In 1998, Sammy had a serious accident, falling off a scaffold and breaking both legs. During his recuperation, Sammy had ample time to think about what he wanted to do next with His life. He was not cut out for the corporate world, he discovered, and since he had to do Something, he decided to try his hand at day trading. He remembered a seminar his wife had Taken a few years earlier and found that the wins were to small and the losses too big...exactly Why day trading has had a particularly bad rap over the years.
Learning the ropes while going through a second mortgage and maxing out credit cards, Sammy went on a mission to learn everything he could about day trading. Signing on with a Couple of day trading sites and participation in daily chats with traders, Sammy studied and Researched and refined how he approached the market on a daily bases. The losses abated and Sammy started to win. 1999, he said, was "profitable."
The year 2000 became a turning point a proving ground for Sammy Chua. He Wanted to see what he could do with a modest investment in six months time. His opening Balance on January 1, 2000 was $11,530.34. His closing balance on June 30 was $280,692.80.
Sammy still trades daily, usually finishing about 8:30 a.m., (in the black on most days) And spends the rest of his day consulting and teaching his methods to eager students. His secret? "Knowledge," he says, "and self-control," adding, "wanting to make money a lot of money is a good thing, but being greedy will be your downfall."
Sammy Chua's Philosophy on Trading
To put it simply, I trade stocks! I don't invest in stocks! If you're thinking, "How do I pick stocks for the long term to realize significant returns as stocks have doubled, tripled, quadrupled, in a short period of time, then you're in the wrong place.
These kinds of returns will never be possible in a long-range scenario because it just doesn't happen. With 9,000 different stocks to choose from, your chances of finding the one that's going to run like a Qualcomm are slim? Are you willing to put ALL your money into a Qualcomm? No, of course not!
Most investors will be looking at a portfolio of ten to fifteen stocks and hope one of them runs like a Qualcomm and makes the overall portfolio look real nice. But it's almost impossible to find a Qualcomm on an annual basis if you're trying to invest for the long term.
But, if you're looking for something like a Qualcomm that will run 5% on a given day, 10% on a given day, even 3% on a given day, on a good scenario, a good setup, then I can help you. It IS possible to make 2%, 3%, 5%, or even 10% on your money on every single day.
The key to this return is knowledge. Over the time I've traded, I've read a many books and research every element I could find available in the financial markets. I've done a lot of testing and found a certain set of conditions that make money. They work consistently, much more consistently than any other element in the market. When I find these setups, I'm willing to put a lot of money into the stocks I like. When I find these setups, I put All my attention into these stocks.
And so, rather having to baby ten different stocks, all I have to consider is one or two stocks a day. These one or two translate into a much higher return because I'm watching them. I'm able to trade quickly and when they're not going my way, I exit and look forward to other possibilities and go from there.
The first example of my setups is the Open Long Play. Daily research identifies the potential play. Immediately when the market opens, we open a long position in the stock. Looking at the information available, we make the decision to enter. These plays pack an almost 90% success rate. Over 90% of the time after I go in, it to pays me one or two dollars on the trade within a fifteen-minute time frame. Only fifteen minutes to earn dollar. With a 100 shares, that's $100. That's a $400 an hour rate! How's that? Just think of the possibilities with a 1,000 shares… but don't try a 1000 shares at home alone until you have learned the techniques cold!
Usually, you'll find me ahead a few thousand dollars after only thirty minutes in the trading day because my research has identified these circumstances that must appear to make the trade. When the setups occur, they usually translate to such a nice day.
What other career pays $500 - $600 for an hour's research and thirty minutes of trading? And that's only one setup so far!
Remember, $500 a day keeps the job away!
What I teach is several different setups on an intra day basis. I teach you how to trade and I teach you how to improve your trading. To accomplish this, we offer several kinds of support. After you commit by attending my seminar, you will learn how to interpret my Morning Report by email and follow along in my Day Room, facilitated by keyboard chat.
One important element in the setup is that the stock has to reach a certain price level before we want to enter. What is the price I'm willing to pay?
Those are all factors in getting to the right place…. getting us to the right point in the trade. But the question is: do you want to do this or not? You must make the time for your own research -- two or three hours a day, watching the market, spending time with the market and learning. It CAN be done. I've already done it and am willing to help you do it.
Why should I help you? I like it... makes me fee good!
The reason why I started with $10,000 at the start of the year is that after testing out all my techniques last year, I knew that I really did not need a lot of capital to make money. I knew that I had something so powerful, you don't even need to learn all the setups. All you need to learn is one or two. Learn one setup well and you can take it anywhere, trade it anywhere. You can make money, anywhere.
Another one of the setups is the Bottom of the Reversal Play, in which I try to pick the bottom on a ´dumper´ trade. I used that while I was traveling in Hawaii with my family. I think I made $19,000 over five days vacationing in Hawaii -- an hour and a half a day. Not six hours, not the whole trading day just an hour and a half. I was trading in crazy circumstances. I trade in Southern California on a DSL line. In Hawaii, I had a 24K modem, which is VERY slow, about 15% percent of my usual capacity.
Trading is about a lot of things. All I know is that I am able to do it and am able to tell you the things you need to watch, the be cautions you need to apply. In this business, there are instructors who cannot make it as a trader. What they do is, because they have failed at trading, open up businesses to teach. But there are successful traders able to teach. And those are the mentors that you really want to learn from. I don't profess to be the best! But I am yet to meet my challenger! I only know that what I have to offer you works. It works on a daily basis and I can demonstrate its application.
My hope for is that you take the time to learn this from somebody who knows how to do it for them self or that you take the time to read and learn the business from the ground up. Do yourself a favor: don't walk into this business of trading - and mark my words, it IS a business - and think that you're going to be able to trade just by showing up.
When I first started, I was losing a lot of money! When I finally realized that the way I was conditioned in school and the way I was brought up, conditioned me to fail in trading. I thought, "Think longer term, think this, think that." Everything I thought was going to work, didn't!
So what I'm offering you, is a shortcut to having to spend the years that it took me to discover all these systems. I would like to show you a way to step aside and not have to go through the aches of pains of learning to trade the hard way... like I did.
Of course, I guarantee you're going to have other challenges, and those challenges will be very personal to you. But the question is, do you have the time and money to spend learning all this stuff I show you quickly?
I know a lot of traders do this: after losing money for three or four months, which is the average life span of a trader, they still don't know what they're doing! They still don't know what mistakes they're making. Suppose they make a little money and suddenly something happens and they'll lose it back to the market and then feel they're not going anywhere. All they're trying to do is stay afloat.
If you're ready not just float but to make progress, what I suggest is to learn it the right way now… and then invest your money. Learn it correctly so that you don't develop bad habits in trading. Find yourself in a much better position with an ability to make money in the markets. You know walking in, after my class, what your mistakes were, what pitfalls you need to avoid. There are a lot of illusions. People are trying to sell you things that are not true.
How do you sidestep all these beginners' mistakes? That's just the starting point. We get into a lot of systems. We focus on many drills. We definitely get you thinking the right way. We get you one step ahead of the rest of it.
If you think about it, over 70% of DayTraders can't even last ninety days. Of the 30% that are left, 50% of them usually don't last a year. This represents an 85% failure rate in the business of trading. Why is that? You need to ask yourself that question. Why is it that there's a lot of people who fail in this business. Is it because they learned from instructors who didn't know what they were doing, or is it that they didn't even go out and try to get more knowledge?
The average investor comes in with $25,000 - 30,000 to trade. He ends up losing most of it in a very short period of time. $25,000 of pain, of sweat and hard work, of savings, and he's willing to spend it on something he doesn't even know how to do. If you're starting a new business, would you go into that new business without first learning everything that you have to know about it? Of course not! But why it is that in trading, you find yourself on the bottom? In the two years that I've been around, I've found a lot of people who are willing to risk as much money as they would have in going into a new business without first learning the tricks of the profession.
There are no shortcuts in this world. It is impossible for me to get up one day and say, "Hey, I want to be a doctor." And just open up a facility and be a doctor. It doesn't happen that way. The same way with trading - trading is a profession. Learn it from someone who knows how to do it. Learn it from someone with record to show you… a winning record to show. Success breeds success. Any other way I would say you are knocking on the wrong door. Do yourself a favor! Sign up! I'd love to see you, to get you rolling, to get you up there, to see you succeed.
I love success stories. I have so many success stories. Many students are making 50%, even 100% on a month. 50% on a $10,000 account is a $5000 return in a month.
--------------------------------------------------------------------------------
Disclaimer: Trading in securities may not be for all individuals. Consult your advisor or other professional to determine your suitability. This is not an offer to buy or sell securities. The information given is of a general nature and should not be taken as a recommendation to buy or sell securities. Anyone using this information agrees to take full responsibility for their own trades. |
