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$500 Challenge

The Key to Fast Tracking Your Wealth by Simplifying Your Mindset

April 24, 2020 by OptionsAndTraders

I hope you guys are doing well today.

I just got off the phone with my mentor and I couldn’t wait to share this with you guys!

Are you ready?

This is one of the greatest keys to unlocking your wealth mindset.

I want you to imagine yourself becoming a 6 digit survivor. I want you to imagine making that $100,000 a year income.

Think about it for a second . . .

Now think about how much your life would change if you could hit that goal.

It may seem like a lot to some people, it may not for others, but this goal is realistically possible for most people.

Now $100,000 may seem like a lot of money. It may seem impossible for most people to reach, but lets simplify that goal.

Let’s begin

Let’s take $100,000 and divide that by 50 weeks. That equals $2000 a week. Now take $2000 and divide it by 5 days. That equals $400. So if you want to make $100,000 a year, all you have to do is make $400 a day or $2000 a week.

See how much simpler that is? $400 a day seems a lot easier to do than $100,000 in a year.

If your goal is to make $50,000 a year, take half of that. Only $200 a day.

If an average person can manage to make $120 a day with their day job, then they only need to make an additional $280 a day with a side hustle to make $400 a day.

In other words, if they make about $600 a week, then they only need to make $1400 more a week.

If you make $600 a week and your goal is to make $50,000 a year, that is only another $400 a week that you need to make from a side hustle or $80 more a day.

Heck, even a simple $100 more a week can change someone’s life, right?

My side hustle is trading options, and that’s what I am here to teach you guys. If you have been keeping up with the live stream, you would have seen that every single one of my day trades were flawless on timing. All the day trades yielded a minimum of a 40% win. That is a $400 profit for every $1000 traded.

The key here isn’t the dollar value. The key is learning the skill, because the dollar value will compound over and over again. Pretty soon, you will be doing less work, and making more money by applying the same simple skill. (You can learn the skill with the quick video lessons found here.

I’ll give you an example. Let’s say you trade a $2000 position with a 40% profit. With two trades in a week, you would make $1600, or $800 per trade in winnings!

Now, if you have seen the live stream, it takes me about 5 minutes to scan multiple charts. I can make a trade plan in about 5 minutes of analyzing a chart with a particular set up. Within 1 to 2 hours (set up a text alert on the chart to alert the stock price of a predicted exit [automation]) I can check the chart again and close the trade in another 5 minutes.

You see where I am getting at? With 15 minutes of “work” I can make a trade that yields $800 with a $2000 position. Talk about productivity. I am getting more results with less time.

As you get better at doing these types of trades, they get easier. Also, as you reach the $25,000 mark declared by the SEC, you will be able to make unlimited day trades.

And trust me, I see TONS of these perfect set ups on a daily basis for more than 10 possible day trades every single day.

Believe me, with more than 660,000 stock tickers, 10 trade set ups is a drop of water in a lake.

So again, how do I help you when you have a small portfolio?

Let’s reiterate the goal.

The challenge is to turn a small portfolio account into a large portfolio account, and make it easy for other people to understand. If I strictly wanted money, I could make 2 – 3 day trades a week and consistently compound the account.

However, I want to be able to trade everyday in this uncertain market so that I can have enough data to make it easy for you guys to master the art of swing trading and day trading options.

Hence, with the SEC limit of 3 day trades a week, I struggled for the first 2 weeks of trading trying to learn the swing trade pattern of the market.

However, I have been putting together a document with all the notes, techniques, and skills that I have learned during the past two weeks. ( This is a once in a decade period for me to learn how to trade in an uncertain market after a large pandemic. I have traded and won consistently in a bull and bear market, but this type of market is new to me.)

I am going to release a special report this weekend which lays out the ultimate plan to consistently win during this uncertain market, so stay tuned for the next report!

Stay tuned, learn more, ask questions. Become a 6 digit survivor. Check out the live stream.

Get Started Today

Join my robinhood team and get a free stock here

Learn about my Indicators here.

Become a member and learn!

Newsletter Signup

Disclaimer:

I want to point out, I am not a registered investment adviser or broker/dealer. I am a highly profitable options trader who has been successful time after time, and I have changed the lives of many people through the art of trading on the stock market.

– Ken

Filed Under: $500 Challenge, COVID19, Day Trade, Education, Key to Success, Mentor, Millionaire Mindset, Trade Tagged With: Fast track, Key, Mindset, Options, Simple, Simplify, Trading, Wealth

How to Get Shit Done and Forget About Time Management Like a Millionaire

April 17, 2020 by OptionsAndTraders

Hey guys! It’s me again,

I want to talk to you guys about the importance of time management. This article is based on what my mentor thinks about it.

Teaser: “Secretly I waste his time by picking his brain all the time :).“

Keep in mind, he doesn’t waste a lot of time and he gets straight to the point.

The general concept of time management can be found here:

https://www.mindtools.com/pages/article/newHTE_00.htm

Let’s dive right in!

“I am tired of all these people telling me about time management. They tell me they manage this, they mange that, they do this, and they do that. Why aren’t they a millionaire if they know how to manage time?”

“Ken, If I could manage my time, I would be a trillionaire, not a millionaire. You can’t manage time, anybody who says they can is a hoax.

Tell me, have you ever seen somebody press the stop button on time? Time keeps going, and there is nothing stopping it or slowing it down, and there is nothing you can do about it.

I have never met another millionaire or billionaire who has told me they can manage time.

You see, we don’t manage time, we don’t schedule it either. Scheduled meetings are for the sake of other people’s time. They aren’t in favor of your time. I have my secretary do the scheduling for me if I have an important client.

Ken, time is very precious to me, it’s more important than money.

Money is something I can always get, money is replaceable, but time is not.

When somebody wastes my time, it is worse than stealing my money. It is the worst crime.

You need to value your time and skill set more than money. Once you have the skill set, it’s a matter of racing the clock to make your money.

I am going to give you the KEY to success Ken.

Value your time, rather than saying you are going to schedule your time, I want you to script your time.

Don’t say, at 10:00 AM I am going to the gym, then after that I am going to eat at 11:00 AM, then 1:00 PM I am going to write a report.

If you have ever done that, you know that things come up, things overlap, you don’t manage time, and by the time it is 1:00 PM, you are behind, and you end up writing your report around 2:30 PM.

In the worse case scenario, you are late coming home from the gym and you skip eating at 11:00 AM to make up time.

You can not afford to do that, because you still need to have your daily routine and maintain your health while you are still young.

This is what I mean by scripting,

Let’s take that same scenario and script it. Go work out for 30 minutes and spend 30 minutes to write your report.

See how much simpler that is? Don’t schedule it, don’t make it harder than it needs to be.

Tell yourself, you are going to spend x amount of time getting something done, and then do it. I guarantee you will free up more time in your day while producing more results with less time.

Stay tuned, learn more, ask questions. Become a 6 digit survivor. Check out the live stream.

Get Started Today

Join my robinhood team and get a free stock here

Learn about my Indicators here.

Become a member and learn!

Newsletter Signup

Disclaimer:

I want to point out, I am not a registered investment adviser or broker/dealer. I am a highly profitable options trader who has been successful time after time, and I have changed the lives of many people through the art of trading on the stock market.

– Ken

Filed Under: $500 Challenge, Key to Success, Mentor, Millionaire Mindset, Mistakes Tagged With: Mentor, Success, Time, Win

Why You Aren’t Successful, and How You Can Become a Millionaire by Learning From My 1 Simple Mistake!

April 16, 2020 by OptionsAndTraders

Ken here,

I want to talk to you guys about a big mistake I did with my small portfolio account on live stream. This will teach you guys a valuable lesson for trading and anything you are doing in life.

If you read the previous post, you saw that RCL stock was trading at about $36.28 when I purchased it with a $330 position which was more than half of my portfolio.

Take a look at the chart from the last post 4/15/20.

This is the chart for 4/16/20.

Source: thinkorswim

I purchased one $37 Call contract with the expiration date of 4/24/20 for about $330.

This stock is following my 5 elements of SUCCESS!

  1. Gravitational theory
  2. Trend Pattern Squeeze
  3. Support and Resistance
  4. RSI
  5. MACD

Look at that! Within a couple of hours from 11:00 AM on 4/15/20 to about 1:00 PM on 4/15/20, the stock popped up to $37.46.

I was absolutely right on the call! I was absolutely right on the money! So what is the problem?

I didn’t lock in the trade.

You can see what happened the very next day after not locking in the trade. The market crashed. This was unexpected, but lets face it . . . sometimes in life, SHIT HAPPENS. You have no control over what everybody else is doing. You only have control over yourself.

This wasn’t because I was being greedy and hoping for more money.

This was because I created a game winning strategy, a master plan, and I didn’t stick to the plan.

The stock price moved to the call price a lot sooner than I thought, and I decided not to lock in the position with a day trade. Rather than turning that $330 into $420 within 2 hours and profiting $90, I decided to do nothing. I took a $90 loss with my stop loss back up plan instead.

I stood like a damn deer in headlights. (Yes . . . I accidentally hit one)

This is something you cannot afford to do if you want to be successful.

It doesn’t matter what you are doing, playing a game, studying for a hard exam, trading options, trading stocks, or trying to lose weight. If you set a game winning strategy and you do not commit to your plan, you will fail.

You have to be diligent and learn to trust yourself, be confident, take less risks, and continue doing your master plan if you want to see results. This goes especially true for “CHEAT DAYS” if you are trying to lose weight.

The more you cheat, the more you restrict yourself from productivity.

Remember from the last article that the millionaire definition of productivity is more results with less time.

Stay tuned, learn more, ask questions. Become a 6 digit survivor. Check out the live stream.

Get Started Today

Join my robinhood team and get a free stock here

Learn about my Indicators here.

Become a member and learn!

Newsletter Signup

Disclaimer:

I want to point out, I am not a registered investment adviser or broker/dealer. I am a highly profitable options trader who has been successful time after time, and I have changed the lives of many people through the art of trading on the stock market.

– Ken

Filed Under: $500 Challenge, Error, Mistakes, RCL, Trade Tagged With: Day Trade, Error, Mistakes, RCL, Trade

Why the Market is Crashing and How I Am Going to Win During the Quarantine

April 15, 2020 by OptionsAndTraders

Ken here,

Today is April 15th, 2020 and the Market is crashing like crazy!

Take a look at this diagram from finviz.

Source: finviz

Man! That is a ton of red! The SPY dropped from $284 to $276 today!

Source: thinkorswim

These chart would scare most people instantly! I mean, look at these charts! Every single sector is down, and the one stock that is trending upwards is Amazon. AMZN is priced at $2297 at the time of this post. Not a lot of people can buy a couple of shares of AMZN at that price. Not to mention, it is only winning by 0.36%!

Talk about pennies on the dollar for your hard earned money.

However, I am not like most people, I am an experienced options trader. I am calm, I am reserved, I create a game winning strategy and I stick to my plan. I know exactly when to enter, and when I should stop my losses. I commit to my plan and have no emotions attached to the market.

The stock market is by far the greatest game in the world for people who want to develop a tenacious mentality for sticking to their plan. This is the mentality which separates millionaires from ordinary people, this is the mentality that elevates millionaires into billionaires.

If you can master this mindset, you are halfway to becoming a millionaire.

So again, I have answered the question in a recent post:

“Why is the market crashing?”

Honestly, I have no clue, nobody really does. Some big investor, institution, or a bunch of people decided to sell and lock in their profits from the previous weeks. This causes the supply of stocks to increase which decreased the demand. Hence, stock prices drop.

As people panic, people sell.

As people sell, stop losses pop, and the domino effect tanks the market.

That’s all there is. If you understand this, it will help you remain calm.

If you set aside the drop in the market, you can start to look for extremely good deals as the price of stocks are low!

Take a look at this trade I entered today on RCL. Royal Caribbean Cruise Lines. Pretty soon this trade is about to pay for my own vacation.

I may have to book my vacation here:

https://www.royalcaribbean.com/

Source: thinkorswim

This is awesome! The stock price dropped from $44 dollars to $35 dollars. I made an entrance on this stock around $35.88.

I purchased one $37 Call contract with the expiration date of 4/24/20 for about $330.

This stock is following my 5 elements of SUCCESS!

  1. Gravitational theory
  2. Trend Pattern Squeeze
  3. Support and Resistance
  4. RSI
  5. MACD

If you have read some of my other posts, after you see these elements on the stock. I guarantee you will know exactly what happens next after this.

I can’t wait to update you with the exit in the next coming days!

Stay tuned, learn more, ask questions. Become a 6 digit survivor. Check out the live stream.

Get Started Today

Join my robinhood team and get a free stock here

Learn about my Indicators here.

Become a member and learn!

Newsletter Signup

Disclaimer:

I want to point out, I am not a registered investment adviser or broker/dealer. I am a highly profitable options trader who has been successful time after time, and I have changed the lives of many people through the art of trading on the stock market.

– Ken

Filed Under: $500 Challenge, RCL, Trade Tagged With: 500dollar, RCL, Stock Market, Trade

Why You’re Not Hustling With Money In Your Bank

April 14, 2020 by OptionsAndTraders

Ken here,

This is a question people have trouble answering. Let me give you the answer.

“You don’t hustle with your side money, because you are scared or you don’t know what to do with it!”

I use to be stuck in the same predicament. I had money in the bank, and I knew I wanted to invest, I knew I wanted to grow my wealth.

Where do I get started? What do I do? Real estate costs a ton of money to start, I have some money, but not enough to purchase real estate . . .

I want to erase one myth and give you my solution.

Myth: The stock market requires a lot of money to make money.

THIS IS A FRICKEN LIE! Whoever has told you this . . . SHAME ON THEM! I have made plenty of money from almost no money and I can do it over and over again. Just check out my $500 to $10,000 challenge live stream, I will show you how to do it in real-time.

So what did I do?

I learned the high income skill of trading options on the stock market. Options provide a ton of leverage, so you don’t need a whole lot of money.

Options give you the leverage of 100 shares of a stock without having the capital to purchase 100 shares. Think about that, you pay a fraction, and make 10 times the money!

That is what I call productivity.

My mentor always stressed the definition of productivity to me. I want you to grab a pencil, a notebook, a pen, a piece of paper, or fricken just write this on the back of your hand.

“Don’t listen to naysayers and the ignorant who tell you all you gotta do is work harder and harder and spend more work and more time to do something in life.”

90% of these people are unproductive. They just waste time. Harder, and more work is not the answer. Using more time for the same task that only yields little progress is not the answer.

The KEY definition to SUCCESS is productivity.

This is the millionaire-mindset definition: Productivity equals MORE RESULTS in LESS TIME.

This DOES NOT MEAN you don’t have to do WORK.

You still have to put in the work, but get more done with less time.

Keep up the good work!

Stay tuned, learn more, ask questions. Become a 6 digit survivor. Check out the live stream.

Get Started Today

Join my robinhood team and get a free stock here

Learn about my Indicators here.

Become a member and learn!

Newsletter Signup

Disclaimer:

I want to point out, I am not a registered investment adviser or broker/dealer. I am a highly profitable options trader who has been successful time after time, and I have changed the lives of many people through the art of trading on the stock market.

– Ken

Filed Under: $500 Challenge, DAL, GRUB Tagged With: Bank, GRUB, Hustle, Money, Stress

How $500 Can Make Your Rich With These 5 Simple Elements!

April 14, 2020 by OptionsAndTraders

Ken here,

This is day 1 of the COVID-19 $500 to $10,000 trading challenge.

I picked up two $41.5 Calls with the expiration date of 4/24/20 on CSCO for $102 each! That is an entry of $204.

This is what the chart looked like.

Source: thinkorswim

I used 5 elements to enter this trade:

  1. Gravitational theory
  2. Trend Pattern Squeeze
  3. Support and Resistance
  4. RSI
  5. MACD

If you have been keeping up with the other articles, you should know what each of these elements are.

This is the update for Day 2. I sold CSCO on a POP!!

Look at the chart.

Source: thinkorswim

Stay tuned, learn more, ask questions. Become a 6 digit survivor. Check out the live stream.

Get Started Today

Join my robinhood team and get a free stock here

Learn about my Indicators here.

Become a member and learn!

Newsletter Signup

Disclaimer:

I want to point out, I am not a registered investment adviser or broker/dealer. I am a highly profitable options trader who has been successful time after time, and I have changed the lives of many people through the art of trading on the stock market.

– Ken

Filed Under: $500 Challenge, CSCO, Trade Tagged With: 500dollar, Challenge, elements, rich

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