6-figures a year from anywhere in the world with a Laptop, Wifi or a Cell phone is only $400 a day.
Keep this in perspective next time you are up & you choose to stay & over trade, only to give back your profits.
Hey guys! Its been another great month of trading, So I thought id give out an Samsung G5 34" ultrawide monitor to one of my followers!
I think that would look pretty sweet on a desk!
Anyone is eligible, just read the rules below.
Good Luck! -Kay😉
Hey guys! Its been a great year of trading, So I thought id give out an Alienware laptop & (1) Year access to my private room to one of my followers. 🎄
Anyone is eligible, just read the rules below.
Good Luck! -Kay 😉
Hey guys! Its been another great month of trading, So I thought id give out a Samsung 49'" QLED Curved monitor to one of my followers!
I think this is a modest upgrade to any desk! 😉
Anyone is eligible, just read the rules below.
Good Luck! -Kay
Hey guys! Its been a really good month of trading so far, So I thought id give out a new trading laptop to one of my followers!
Why? Because I can & because I'm just bad ass like that!
Anyone is eligible, just read the rules below.
Good Luck! -Kay 😉
If you day trade options
-The easiest money is made in the first 2 hrs
-It's harder to hold gains or make new gains w/o momo
-The less you do when its slow, the more you keep
-Always pay yourself, time decay will take it back if not
-Don't add into losers, pick your risk first
It doesn’t take a large account to make $100-200 a day. You can do it with a few K. After you figured out how to make that consistently you slowly increase size with your acct. Eventually if you are consistent, you can size up. Start small & master it while climbing the ladder.
Your job as a trader is to make profits on informed decisions. Its not your job to trade all day. If you make your goal in 30,60 or 90 mins, Move on.
If you try to trade all day, you will defeat the purpose of the trading lifestyle "freedom" & probably give back your gains.
90% of traders fail because they don’t master a hand full of setups.
Fail to master risk & emotions.
Fail to have a high degree of discipline. Fail to eliminate noise, indicators or other traders opinions.
The 10% is ten percent, because they do what the 90% fail to do.
It doesn’t take a large account to make $100-200 a day. You can do it with under 5k. After you figured out how to make that consistently you can slowly increase size with your acct. Start small & master the process while climbing the ladder patiently.
If your losses are big, you have a faulty system or no system at all.
-I trade a max 1% of my account in each trade
-My losses are nominal to acct value
-My mind stays clear when losses are present
-I don't over trade
-I quit while I'm ahead
-Trade for consistency, not riches
I’m taking a break from Twitter for a little bit. Targeted hate isn’t tolerated.
Trolls get triggered by others success it seems, So in light of the hateful words, I’m going to go celebrate & enjoy my life bc I can. I created that freedom from my success & I’m going to use it 😀
Small accounts have 2 options:
1.) Take quick wins to build up a cushion, then slowly scale up.
2.) Get a side job to fund your account.
Neither will be fun, but its the truth.
Building it will require more discipline now, Funding it will require it even more discipline later
Trading can change your life, Options can change it faster. Both in a good & bad way. Its easy to make money trading, but most give it all back on over trading or trading at the wrong times.
Focus on keeping the profits.
Always ask:
What is your SETUP
Is there VOLUME/MOMO
Where is an ideal ENTRY
What's your RISK
When will you start to take PROFIT
What will be your EXIT
Don't take the trade if you cant answer them all
The market literally has HUNDREDS if not THOUSANDS of setups a day/week. Some small, some very large. If you experience FOMO from missing a play, you haven't been in the game long enough. Toughen up butter cup, You cant catch everything that moves. Get a piece, Move to the next.
Some people think trading will make you rich quick, it can make you broke just as quick with that mindset. Trading is a business & should be treated like any other out there. Control yourself & respect the job. Mindset matters
8 Traits of a successful trader
-Follow a strict trade & risk plan
-Study price action constantly
-Know when there is an edge & not
-Don’t stress about the trade outcome
-Know when to walk away from the screens
-Don’t brag, have humility
-Remain consistent
-Never gives up
Rules I live by:
-Trade aggressive when there's Momo
-Trade less in the times it's not beneficial to my edge (hold onto gains)
-Let winners run as long as the trend
-Cut losses small & move on
-Accept small gains/losses
-Always pay myself
-No bias views
-Don't listen to others
A few tips for new traders
-More chart focus, Less twitter noise
-Listen to the price action, Less indicators
-Set real expectations, Ignore false promises
-Always pay yourself, Less greed
-Start reacting, Stop predicting.
Most traders have the same end goal, To make money & have more free time/freedom, Right?
So what's stopping you?
If you make money in the first few hours of the day, are you not succeeding with both goals?
-Made money ✔
-Off work early ✔
So why give it back?
It all adds up
A few fun facts about me
I don’t use Scanners to find plays
I don’t use Flow for conviction
I don’t use Indicators for direction
I don’t use Greeks on options
I don’t predict or try to guess, I just react to price
I’m just a simple old school price action trader. 😀
Serious traders should have a designated trading acct used for trading. (not always building)
I make money & transfer it out to a longer term portfolio acct & my bank for income.
I don't increase my size based on new large wins. Keep everything consistent if you want consistency.
A lot of newer traders are failing because they enter plays on a “trigger level” without reading into the actual price action or market sentiment. You can’t just enter a play because a line is drawn on the chart. Higher probability comes from reading the sentiment first.
If you started trading in the last 2 years, you want to make sure you have your head screwed on correctly.
Diamond hands don't work, risk management & paying yourself does.
Volatile environments are here for a while. This is the new normal. Expect something different every day.
I don't chase trades because, I know there will be more.
I don’t fomo trades because, I know there will be more.
I don’t over trade, because I am satisfied and I know there will be more.
I don’t get greedy on trades because, I know there will be more.
Once you know, you know
Someone asked "WHY would you buy OCT calls but scale out today?"
Answer: I'm in it to win. I bought time as insurance & I'm up 30% already while the the stocks up 3.5% today. I'm always going to take a profit. This is just how I make money. These are my rules for my success 😀
It doesn't matter how you take money from the market. There is no "wrong" way. The trick is to just find a way to do it regularly / consistently, This is all that matters. Don't compare your way to the next persons, Just stick to your own goals.
Don't be concerned with profits. Be engulfed with the process on how to make profits consistently. If you can make $100 a day consistently & walk away, you can make $1k,10k,100k a day. Same process, different mindset & account size. Hear that? SAME process. You are adding zeros.
It doesn’t take a large account to make $100-200 a day. You can do it with 1-2k. After you figured out how to make that consistently you slowly increase size with your acct. Eventually if consistent you can size up. Start small & master it while climbing the ladder. No easy route
A 1k act that made 5% growth today is $50
A 100k act that made 5% growth today is $5k
A 1 Mil act that made 5% growth today would be $50k
Stop trying to make 5% gains on a 100k acct if you are trading a 1k account.
Perspective will help your greed. Grow slow
Realizing that there will be an abundance of future plays helped me eliminate fomo from the start. It’s like missing a train at the train station, wait for the next while developing patience.
OPC Top 4
$ROKU > $352.41 Falling wedge break for calls (already in calls)
$WYNN > $90.30 Downtrend break calls
$MRNA > $407 Trend bounce for calls
$NVDA > $208.75 ATH breakout for calls
Have a good week! 😀
Trading is a lonely career choice that's full of ups & downs.
Make sure you have a positive support system & tune out all negativity in your life.
Push harder tomorrow than you did today.
It's just You vs. You.
If you just focus on making good trades without trying to get rich each time, you might find yourself compounding realistic life changing gains at the end of the year.
Keep this in perspective
$100 day x 250 days =25k yr
$200 =50k yr
$400 = 100k yr
$600 =150k yr
$1k =250k yr
Don’t lose sight of why you trade.
If you trade for income and freedom, you must practice protecting your capital and paying yourself.
Helpful tips
-Withdrawing money after wins
-Trading less when it’s slow
-Wait for higher probability plays
-Avoid over trading
-Stay objective
Keep in mind, Its a privilege & not a right to follow others online.
Have some respect & courtesy for others. Especially if they are doing you a free service.
#Respect
Too many people out here on Twitter posting their watches or cars and other materialistic things. Why not donate and help others in need? It’s okay to like nice things, but don’t be tacky. It’s time to be the change.
Your job as a trader is to hunt for trades.
If you don't hunt, you don't eat.
I do not have scanners. I have a large list of stocks I look at daily. If I see something that fits my criteria or moving with Momo, I take a trade. Nothing more simple than that. 😀
Alot of traders come into trading for the big gains, but they never stick around past a few rough weeks, they quit because there isn't a passion past profits.
If you want to build something great, it takes a lot of time.
Only the 10% succeed because they choose to never give up.
Don't be dependent on indicators, Be dependent on what the stock is doing on the chart. The candles tell the story, the indicators tell it later when it’s too late
How do so many lose in trading when everyone starts with a 50/50 chance?
-Greed
-Emotions
-No plan
-No edge
Once you stack your edges you have a greater than 50% chance to succeed. It takes extreme consistency & discipline to continue from there.
OPC Top 4
$NVDA >$230.45 ATH breakout 232.5c
$PYPL >$292.71 Flag breakout 295c
$MRNA >$419.01 Range breakout 430c
$DOCU >$310.33 Range breakout 315c
Have a good week! -Kay 😀
Why some traders fail:
They want fast results
They compare their results to others
They lose motivation
No passion for trading, they just want the money
Today I missed $AMZN $AMD $NVDA & my $WYNN first entry. It will happen. We are humans. But when you miss something, You don't want to chase, Just look for a new play. $GOOGL $TSLA $PFE Paid great & were not on my List
Moral of the story. More plays will surface, Don't FOMO
If you trade "equity" You wont see many 30-70% equity moves unless you are in a "pump"
With options, 30%-70% can come in minutes.
If you are not satisfied with 30, 70, or 100% in options & crave more, You are following the wrong crowd & your mindset is tilted
Keep focused
Most traders have the same few goals.
-Make money
-Have more free time/freedom
So, what's stopping you?
If you make money in the first few hours of the day, you are succeeding with both goals.
-Made money ✔
-Off work early ✔
Repeat this daily then, Go enjoy life!
Taking profit is a personal art form.
What works for me, may not work for you.
If I have 100 contracts & start scaling out @ +20%
You may have 1-2 & sell them all.
Never let other traders influence your play or profit potential.
Your focus needs to be on you & your style
I don’t make my money in the market by listening to other traders opinions. I make it by seeing setups and applying correct risk. If I listened to half the nonsense online I’d be like the 90% that fail. Keep that in mind.
A 1k act that made 5% growth is $50
A 100k act that made 5% growth is $5k
A 1 Mil act that made 5% growth would be $50k
Stop trying to make 5% gains on a 100k acct if you are trading a 1k account.
Perspective will help your greed. Grow slow, trading is a process
If I get my work day finished in 90 mins or less, its because I spent 15 years honing in on a skill, learning how to do my work in less time. Never take for granted the time it takes to build these things that seem "easy"
Buying options at .02c & selling it at .10c for 400% isn’t a skill when you have 1k+plus people following you into random dead strikes, It isn’t trading if you are playing the .01/.02 crap. Be careful who you follow out there. So many getting burned on this kind of stuff lately.
Failing traders come into the market & try to predict moves. They trade what they want to see happen.
Experienced traders come into the market with zero expectations ready to observe & take action when its time.
3 simple truths
Trading is only stressful if you are oversized
Trading is only dangerous without a risk plan
Trading is boring if you are doing it right
If you want to trade for a living,
set real rules, realistic expectations & boundaries.
If you let the market consume you, you end up like the rest of the 90% crowd.
Make your money & balance your market exposure.
The market owes you nothing. Its yours for the taking.
Mindset is key.
There isn't any room for Fomo or revenge trading if you trade like a business.
A few pointers:
-Follow your risk plan.
-Take the trade.
-Take the win or loss.
-Accept the results, responsibly.
-Move on to the next business opportunity.