“Anyone with a dartboard and a simple [momentum] strategy could make a million.”
That’s how Richard Dennis, one of the most notorious commodity traders on Wall Street, made his first million.
Richard was called the “Prince of the Pit” after taking a $1,600 loan from his family and turning it into an estimated $200 million dollars in profits…
But he’s even better known for an outrageous bet he made with one of his business partners, William Eckhardt.
You see, William believed that it was Richard’s natural talents that allowed him to become a great trader. It was his unique combination of brains and personality that made him a natural fit for Wall Street.
But Richard disagreed. He believed that the right strategy was the key, and that anyone could follow in his footsteps and make a million dollars or more using the powerful (yet simple) trading strategy he developed.
It was the ultimate nature versus nurture argument.
So, they made a bet.
Richard would take 14 people, many with no previous trading experience, and train them for two weeks on his formula. He would give them another month to paper trade the strategy under his strict supervision. Once Richard was confident they had the fundamentals down pat, he would give each of the students at least $500,000 to start making real money trades in the market.
If most the students succeeded in turning a profit, it would prove that trading success could be taught. If most of the students failed, it would prove that good traders are born, not made.
Well, here’s what happened.
All in all, Richard took on 14 of these trading rookies and taught them his strategy. And after four years, these “turtle” traders raked in over $100 million in total profits. One of his most successful students, Jerry Parker, reportedly made close to $35 million a year using this strategy.
I think it’s safe to say that Richard won his bet.
Which is great news for you!
It means that anyone can become a great trader … if they have the right strategy and the right mentor.
And if you want the secret to riches, like Richard’s students, then there’s only one strategy I would recommend … my Peak Velocity strategy.
It is my own proprietary momentum strategy. It’s so proprietary, I have issued a patent for it so that nobody else can use my code.
Fact is, various momentum strategies have accounted for some of the biggest gains in history.
Edward Seykota is another example. He used a momentum strategy to turn $5,000 into $15 million in just 12 years. Michael Marcus reportedly turned a $30,000 stake into $80 million by using this same strategy.
A trader named David Z. discovered a similar strategy and used it to turn $11,000 into $18 million in just two short years.
That’s a gain of 164,000%!
Then there are the big dogs like Richard. Bruce Kovner and Paul Tudor Jones are both billionaires from their own momentum strategies. And John W. Henry is worth $840 million.
Plus, momentum trading can even make you huge returns during a market crash. Bill Dunn reportedly made $80 million while the market was crashing in 2008 … and Kenneth Tropin made $120 million.
Now, of course, my Peak Velocity strategy is slightly tweaked compared to what these men used. I’ve improved it to reduce risk and increase the returns.
According to my historical analysis, my Peak Velocity strategy could have pinpointed 30 or more opportunities to collect 100% or more each year.
Fast-moving gains like a…
- 159% gain in 28 days on Allergan…
- 245% gain in 24 days on Priceline…
- 86% gain in 25 days on Apple…
- 141% gain in 36 days on Morgan Stanley…
- 391% gain in 28 day on Celgene…
- 161% gain in 20 days on Target…
- And a 530% gain in just 8 short days on Visa!
Even better, as I showed you in my article yesterday, my momentum strategy has four times less risk than buying an S&P index fund. That’s in part because I tested this strategy over 10 years of historical analysis. This research proved that my strategy can be used with 99.999999999744% confidence. Meaning, the historical analysis and the approach are not flukes or anomalies.
In the first two months of beta testing, as I’ve mentioned, I was able to show my colleagues how they could make 1,191% in total gains from my winning trades. If they invested $10,000 into each winning trade, they would have made $191,000. Of course, they could start with less if they would like. They could put just $1,000 into each trade and walk away with $19,100. That’s not a bad return for making 10 simple trades.
Simply put, if you want a safer, simpler way to make up to $714,000 in profits in the next 12 months, there’s no better way than my Peak Velocity strategy.
That’s why I strongly encourage you to make time on your calendar this coming Tuesday, March 21, at 1 p.m. Eastern time.
That’s when I will be laying out the details on a unique bet of my own … a bet that you could see a specific amount of profit in the next year. (You will love it!)
Just like Richard Dennis, I’m going to show a small group of people — you included — the secret behind my Peak Velocity strategy and guide them on how to implement it over the next 12 months.
And I’m so certain that you can achieve remarkable success — like the “turtle traders” — I’m putting nearly $2.95 million on the line to prove it.
Once again, I will give you all the details on my FREE webinar this Tuesday. Simply go to www.PeakVelocityWebinar.com, and the event will automatically start at 1 p.m. Eastern time.
If you haven’t reviewed some of my previous posts, I strongly encourage you to do so now! They will give you additional insight on my strategy.
- Profits, “Z-Scores” and Sharpe Ratios
- Make Big Money By Keeping It Simple
- The Biggest Mistake Traders Make
- The Anatomy of a Great Trader
Tomorrow, I will be telling you more about the special tool I use to accelerate the gains I find … which converts a 10% win to a 100% win or better!
Michael J. Carr, CMT
Founder of the Peak Velocity Strategy