A few weeks ago, a man named Joe Campbell thought he had it made.

He found a “sure thing” that would make him rich.

His mark: A drug development company by the name of KaloBios Pharmaceuticals… a penny stock. The company recently announced it would wind down its operations and restructure in order to liquidate its assets.

Because of this, shares were in a tailspin. At prices ranging between $1 and $2 a share, the company had a market value of just $5-to-$10 million.

So Campbell did what any self-described “fairly new trader” might be tempted to do — he bet against the stock — shorting $18,000 worth of shares.

What happened next?

At the very last moment, when it seemed all but certain that the company would go belly-up and Campbell would make a fortune, everything changed.

An investor group headed by Martin Shkreli swooped in and acquired 50% of outstanding shares and announced it was forming a plan that would allow the company to continue operations.

(It should be noted that Shkreli made headlines weeks before this as the drug company executive who raised the price of a crucial treatment for a condition called toxoplasmosis to $750 per pill from $13.50. In a completely separate incident, he has since been arrested for securities fraud.)

The next day, shares of the penny stock skyrocketed by more than 650%.

Now, just as a quick reminder… when you short a stock, you’re actually borrowing shares to sell now in the hopes of buying them back later at a lower price. It sounds good in theory, but if you’re wrong, your potential losses are theoretically infinite.

As you might have guessed, Campbell was devastated when he checked his account the next day. Not only did he lose his entire account balance of $37,000, but his E*TRADE account actually showed a negative balance of $106,445.56.

Think about that. Think about the sinking feeling he must’ve felt in the pit of his stomach when he realized that he now owed six figures because of his foolish mistake.

He made a bet on an illiquid penny stock, and he failed to set any kind of stop-loss in order to protect himself. Not only that but he gambled roughly half of his entire account on one trade. For that matter, from where I sit, he shouldn’t have even been messing with penny stocks in the first place.

But as the proverb says, a fool and his money are soon parted.

And to further prove that truism, if you thought that story was crazy, it gets even better…

Soon after, Campbell set up a crowdfunding page to solicit “donations” from people to help him cover his debt. Due to massive media coverage of the story, he was able to raise $5,310 in the span of 24 hours. That’s not $100k, of course, but it’s a start.

It’s Time To Put The Odds In Your Favor
Joe Campbell probably thought he was trading, but what he was actually doing was gambling. And when you walk into a casino, you should know that the odds are always in favor of the house.

My point is this: The self-described beginner in the story I just told you made a classic rookie mistake. He thought he could trade and make a big payday just like the pros.

But as Jared Levy will tell you, the real pros don’t trade like this in any way, shape or form.

That “edge” is exactly what Jared’s new strategy gives investors.

We’ve told readers before that this same strategy helped Jared make more than $600,000 in two years — and it has the potential to triple your wealth in 2016.

But make no mistake; this “secret” strategy is no get-rich-quick scheme. Far from it.

The real beauty of this strategy lies in its reliability. While most investors are stuck playing a zero-sum game, Jared and his followers will be able to make money up to 90% of the time. It also slashes your volatility by as much as half. That means violent moves in the market won’t have anywhere near the effect on your portfolio that they normally would.

In short, this is a “grind it out” strategy that requires discipline. And when properly executed, it allows you to easily make double-digit gains in a matter of days.

To date, Jared’s trades have delivered an average return of 11% every 20 days, which translates into an amazing 208% annualized return.

There’s a lot more to say about this strategy than I have time for in today’s essay. But we’ll be talking about it more in the coming days. In the meantime, you can get the full details on Jared’s Wall Street Insider strategy in his special briefing, which just went live.

Simply click the play button below to learn more.