Former Penny-Stock Trader Finds Success with High-Growth Strategy
Mohamed Gad, a petroleum and subsea engineer, has transformed his trading career from a struggling penny-stock investor to a successful swing trader focusing on high-quality, high-growth stocks. Gad’s journey, which began with failed attempts in penny stocks in 2014, has led to significant gains and a refined trading strategy.
After initially exiting the market due to losses, Gad re-entered trading in 2019, driven by boredom and a desire to learn. His discovery of William O’Neil’s methodology marked a turning point, shifting his focus to high-quality, high-growth stocks.
The COVID-19 pandemic presented unexpected opportunities for Gad, resulting in substantial gains in 2020. However, he faced challenges during the market downturn in late 2021 and 2022, prompting further refinement of his strategy.
Gad’s current approach is tailored to his work schedule, favoring longer hold periods and lower volatility stocks. His selection criteria include minimum daily volume, share price, and uptrend momentum. He emphasizes companies with strong fundamentals and high future growth expectations.
Risk management plays a crucial role in Gad’s strategy, incorporating stop-loss orders and careful position sizing. He allows winning trades to run, using weekly charts to set stop losses, and employs technical analysis for optimal entry points.
Recently, Gad has seen additional gains from investments in MicroStrategy and iShares Bitcoin Trust ETF, reflecting his conviction in Bitcoin’s potential.
Gad’s transformation from a failed penny-stock trader to a successful swing trader underscores the importance of continuous learning and strategy refinement in the dynamic world of stock trading.
