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My chemical engineering career revolved around understanding intricate production systems and making them work better.
Complex chemical processes can take years to design, build, and troubleshoot. I had the opportunity to go through two such design-build-startup cycles in my days.
Double, triple, and quadruple checks were called for. And I'm pleased to say that when I took early retirement, I left behind two working plants.
But it was my very first assignment that still stands out to me. The process I was working on made nitrogen oxides (NOx) as part of the offgas.
To minimize the amount of NOx sent in the atmosphere, the plant had an evaporation tower where water would flow down from the top over a series of horizontal trays in the tower and would absorb the NOx from the gas stream flowing up from the bottom of the tower. This is a similar model:
My job was to figure out why the tower wasn't taking out as much NOx as needed.
I did what any good engineer would - I studied the design parameters of the tower to see if I could uncover any parameters that were off. Everything was correct, so there were no performance problems there.
It wasn't until I left the office and climbed the tower itself that I found the answer.
BIG, FAST PROFITS: One pick paid 100% in seven days, then 205% the next day, and 410% by the next week. You've got to see how it's done...
In short, cooler liquids absorb the gas more efficiently, so each of the contract trays in the tower had a cooling coil attached to it. When I tested the first few cooling coils - I found that two out of three were plugged completely - I was on to something...
Checking the rest of the tower, I found that over 70% of the cooling coils were plugged or damaged.
After backwashing (cleaning) all the coils and repairing those that needed it - lo and behold, the old column was back to running at designed specs.
My first engineering conquest and our recent triple-digit wins in my elite trading service Stealth Profits Trader have one big thing in common...
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While it's important to understand the theoretical parts of the process, until you get out into the field and get your hands dirty - it's tough to see results.
Understand the Big Picture and Execute at the Right Time
We spend a lot of time at 10-Minute Millionaire understanding the big picture (our market narrative) because that allows us to confidently execute our trading strategy of:
- Find the extreme
- Frame the trade
- Book the profit
Under the directional umbrella of the Trump Growth Narrative, our primary directional expectation is for continued upward movement in the market. That means that finding continuation extremes (buying strong stocks on pullbacks) is our bread-and-butter play in the current environment.
You already know that I believe bank stocks have only enjoyed part of their long-term uptrend. Thanks to our friends at Money Morning, we have an active Fast Profits trade in a particular bank - that trade has an expected 100% upside by the end of the month. Click here to get that, and all other Fast Profits trades, for free.
Similarly, we made an aggressive trade in Bank of America (NYSE: BAC) two weeks ago with this beautiful set-up on a pullback to an extreme:
We hit our first profit target on call options for 102% gains on our first tranche of options and then brought home even bigger gains at the second profit target the following day:
When the Italian turmoil hit a few weeks before that, interest rate--sensitive sectors like home builders got crushed. One builder with a great set of first initials as part of its name got slammed 10% in one trading day - providing a great pullback extreme.
We entered after a waiting a day to make sure the dust cleared and making sure we had a nice Hooke pattern:
We snagged a nice 100% options win at our first profit target seven trading days later:
Semiconductor stocks have been great beneficiaries of the growth narrative, and memory chip maker Micron has been a stock star on both chart growth and more importantly making big money for my subscribers.
Here's how this trade was set up:
Patience gave us a great entry at a pullback to an extreme support level. And fortunately, we didn't need much patience to bring home some huge profits:
One thing to note - you don't need to catch all of a move to make massive profits. You just need a systematic approach to "catch your fair share." And I don't have enough space in the article to show the 212% gain in GOOGL from mid-May or the 50% win in Zillow Group (Nasdaq: Z) and the 65% in Fortinet Inc. (Nasdaq: FTNT) that we took in 10-Minute Millionaire Pro on June 11.
Just like my early engineering days, when we apply our theory (market narrative) in the field (with great systematic entries and exits) - fantastic results follow.
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The post 102%, 100%, 222%, 212%, Thanks to This Chemical Evaporation Tower appeared first on 10 Minute Millionaire.
About the Author
D.R. Barton, Jr., Technical Trading Specialist for Money Map Press, is a world-renowned authority on technical trading with 25 years of experience. He spent the first part of his career as a chemical engineer with DuPont. During this time, he researched and developed the trading secrets that led to his first successful research service. Thanks to the wealth he was able to create for himself and his followers, D.R. retired early to pursue his passion for investing and showing fellow investors how to build toward financial freedom.