Some people believe the best way to get rich in the stock market is to swing for the fences on technology stocks, but I disagree. You can make just as much money from ostensibly mundane companies that nobody talks about. I’ve done it myself.

Below, I’ll explain exactly how to turn double-digit gains into triple-digit profits.

You don’t need to shoulder a lot of risk for the chance to make outsized profits in the stock market. Sure, doubling your money in Netflix (NSDQ: NFLX) over the past two years feels great. But losing a third of your money in Tesla (NSDQ: TSLA) in less than six months really hurts.

The problem with gambling on high-multiple momentum stocks is that for every big hit, you can strike out on an equal basis. Over the past eight months, the tech-heavy NASDAQ Composite index has gone exactly nowhere as shown in the chart below.

That means you would have made more money by putting your cash into a Treasury bill than owning a piece of the 2,500+ companies that trade on NASDAQ.

Okay, so perhaps that comparison isn’t fair. Over the past three years, the NASDAQ has gained 70%.

That’s a lot more than you would have made owning bonds. But that’s a lot less money than my readers made in less than three weeks on a company that makes… wait for it… underwear.

203% versus 22%

That’s right, underwear or “innerwear” as Hanesbrands (NYSE: HBI) prefers to call it. But no matter what name it goes by, the low-tech apparel made by Hanes is about as unsexy as it gets on Wall Street.

However, what is sexy on Wall Street is a 203% gain over 18 days. That’s what happened last June when I bought a call option on HBI with an $18 strike price at a premium of $1.45.

My IDEAL Stock Rating system told me that HBI was fundamentally undervalued. In addition, technical indicators suggested HBI was about break above its near-term resistance near $19.

Over the next three weeks, that’s exactly what happened. Not only did HBI break above $19, but it ran all the way up above $22.

That’s a 22% gain for anyone that was holding the stock. Not bad, right?

However, I was able to sell the call option I bought at $1.45 for $4.40. That’s a 203% profit on the option trade versus a 22% gain on the stock.

The following month, I booked a 105% gain in just four weeks by buying call options on Johnson Controls (NYSE: JCI), an air conditioning manufacturer.

Oh, and I also made 68% in seven weeks last summer on Hilton Worldwide Holdings (NYSE: HLT), a hotel operator.

Systematic Wealth Building

Think about that for a minute. Over a span of less than two months, I booked gains of 203%, 105%, and 68% in businesses that are about as unglamorous as it gets.

To be clear, I never owned any of those stocks. Instead, I bought call options on them when my system told me the stocks were undervalued and sold them when it told me it was time to get out.

Of course, not every trade I made for that trading service was a winner. Of the six option trades I closed out last year, the average return was 39.6% over an average holding period of 87 days.

That’s pretty good, but I know someone who can do even better: my colleague Jim Fink.

Jim Fink is chief investment strategist of premium trading services at Investing Daily. A long-time veteran of Wall Street, Jim has come up with a system that leverages even small stock movements into soaring home runs.

I’ve just explained how to turn double-digit gains into triple-digit profits. But Jim routinely scores gains up to 18 times better than conventional buy-and-hold plays. Now Jim wants to share how his proprietary system works… at the Ultimate Profits Summit.

This free online event airs on May 9 at 1:00 p.m. For those who sign up, Jim will reveal how his new system pinpoints four types of trades that could hand you gains of 114%, 211%, 246% and 433%. Sometimes in as little as 36 hours. Grab your spot now by clicking here.