One of my all-time favorite movies is 1983’s “Trading Places.”
In the ‘80s classic – starring Dan Aykroyd and Eddie Murphy – a high-powered futures trader bets that he can quickly turn a complete newbie into a great investor.
It’s a funny nature-vs.-nurture tale with a great twist ending.
But most people don’t realize a similar real-life wager was taking place right around the same time.
That story is better than the Hollywood version. And it contains important lessons for making big, fast gains in today’s market…
How to Turn $1,600 Into $200 Million
Like me, Richard Dennis was a philosophy major who began investing at a relatively young age.
By 17, he was running orders at the Chicago Mercantile Exchange… And after college, he borrowed $1,600 from his family and bought a $1,200 seat on the MidAmerican Commodities Exchange… a small-scale futures market where novice traders learned the ropes.
Within a year, he turned his remaining $400 into $3,000.
Over the next three years, he turned that $3,000 into $100,000.
And in 1974, he made a $500,000 profit on soybean futures… becoming a millionaire before he was 26.
By the early 1980s, Dennis had made hundreds of millions. Folks even called him “The Prince of the Pits” because of his trading prowess.
Turning $1,600 into millions may sound like a fairy tale… or something that could only happen to the luckiest traders. But Richard Dennis disagreed.
He believed anyone could learn to trade successfully. So, when a fellow trader bet that a novice investor could never see the same returns, the “Prince” accepted.
Dennis recruited a diverse group of 23 people (21 men and two women), including a pianist, a security guard, a restaurant manager, an unemployed student, and a bartender.
He called his proteges “turtles” and gave them a 14-day crash course in his trading techniques.
Then he gave each one a real futures account to trade for one month.
After that initial trial, Dennis handed some trainees additional trading capital out of his own pocket — anywhere from $250,000 to $2 million each.
The inexperienced “turtles” earned more than $175 million in profits within five years.
Richard Dennis took what most people thought was a highly complicated trading strategy and found a way to teach everyday people how to become wealthy from it.
Boring Blue Chips, Massive Returns
You won’t get the same returns from Dennis’ strategy today… but another technique is producing similar results. And Wall Street insiders use it to rip as much as $50 billion a year in profits.
It’s a closely guarded Wall Street secret… and history shows it’s been profitable for them 95% of the time. So it’s no wonder they don’t want to share it.
I bring this up because during certain periods – what Daily editor Teeka Tiwari calls “Anomaly Windows” – this hidden Wall Street strategy can deliver “Richard Dennis” type gains in as little as 90 days.
But while Dennis traded wildly risky commodities futures, these gains come from “boring” blue-chip stocks.
It’s truly remarkable how much Teeka’s subscribers have made during these Anomaly Windows…
Gains like 184% in 90 days, 380% in just four months, and even as much as 422% in just 34 days.
And now Teeka says we’re on the cusp of what could be the biggest Anomaly Window since 1994.
That’s why this Wednesday at 8 p.m. ET, he’s going to reveal one of Wall Street’s most closely guarded trading secrets.
He’ll show you step by step how to use this Wall Street strategy to make a minimum of 10 years’ worth of S&P 500 gains in as little as 90 days.
(And the last time he shared this strategy, his subscribers made as much as 112 years of S&P 500 gains in as little as 90 days.)
It’s free to attend, and you’ll even get the names of the stocks he’s using to take advantage.
So be sure to join him this Wednesday at 8 p.m. ET.
Best wishes,
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Nilus Mattive
Analyst, Palm Beach Daily