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Time for a change

Updated: Sep 17, 2022

Learn a system that you can repeat ( There are thousands of ways to make money in market, don't try to master all of them, just pick one and stick with it for next 30 trades and see what results do you get.


“Going to the gym for 9hours does not get you into shape, working out everyday for 20 minutes gets you into shape. It’s not about the events, it’s not about the intensity, it’s about consistency! ”

Daily Profit Targets in $amounts are usually not considered as a good strategy but if we place a perspective/need behind this, it can be actually a great tool for new traders or for someone who wants to use trading as an additional source to pay bills. It can be mortgage, rent, utility bills, car payment, credit card payment or simply a measure to see if your strategy is working consistently.

For example if your monthly rent or mortgage is $2000 and you set that as your monthly goal, do you know with proper system and discipline you can achieve that monthly $2K target by using $1000 cash account ? There are about 22 trading days on average per month. That means you need roughly $90 of profit per day. If you are in market for more than 1 year and still don’t have a system/discipline that you can use to make $90 everyday then you need to seriously ask yourself. Why are you trading ?

Define your trading Goals


It does not matter what account size do you have or start with, use your account as a magnet to attract money from the market that you have set based on your system. Trading in stock market without an edge or trade plan is sure way to a failure even if we start with $500K account, that $500K will be washed out in a matter of few trades. Whereas a small $5K account can grow substantially if we have a solid edge trade plan behind each trade. To be able to make a trade plan you will need to set the trading goals first. Whether you want the trading to be your main business or a side hustle or a full time income. Here is what you can/should do, 1. Define your trading goals.

2.Learn a system that you can repeat ( There are thousands of ways to make money in market, don't try to master all of them, just pick one and stick with it for next 30 trades and see what results do you get.

3. Trade like a business with a trade plan.

4. Use your $5K account to make $10 first, you can do it by opening a position of $100 or $200 then try to repeat that trade and see if you can make $10 again, its Ok if you can't, try one more time. Try different system, keep trying until you find a system that helps you repeat a trade. If you can make $20 per options contract with confidence, next time you will be able to do the same with 10-20-30 contracts and that's how you can make it in Options world.


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