A stock trader who's returned 2,700% since late-2020 by betting on risky small-caps shares 7 criteria he uses to pick stocks— and explains how he used trading to survive after fleeing Venezuela
He lost some of his savings trying to trade until he shifted his mindset and focused on technicals.Eduardo Briceno sits at his trading desk with four big vertical screens.
He began scouring the internet for a more practical way of getting started when he came across Timothy Sykes, a trading teacher and former penny-stock trader known for claiming to flip his bar mitzvah cash gift into over $1 million in gains. By March 2016, Briceno signed up for Sykes' program and began dabbling in small trades from his laptop.
It was the worst decision he'd ever made. The combination of being a beginner and trading from a place of desperation was a recipe for disaster, he said. In April 2021, he also opened a Guardian account under the same LLC and deposited $35,000. That account shows he withdrew a total of $457,319 from 2021 to date. In November and December of 2021, he added $11,000 and $10,000 to the account respectively.
Zadeh believes it is possible to consistently make outsized gains — but most traders who try end up losing, he cautioned. And for those who want to try it out, they should only risk a small fraction of their money until they have been successful for months. Yet, he emphasized that the best strategy for the average investor is to buy and hold while taking advantage of substantial dips by adding to their position and never selling on those dips.
The scanner provides 20 to 50 stocks, depending on how volatile the market is. From there, he manually filters his list by ranking them. Stocks rated"A" fit his criteria most, followed by"B" and"C."because they can run up with high volatility and high liquidity. For example, during the pandemic's worst, any company that provided a product or service related to recovery efforts increased favorably.
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