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How to Get Rich Quick By Ditching Conventional Wisdom and Applying it to Trading Options

April 30, 2020 by OptionsAndTraders

Good morning!

The goal today is to inform you of my new challenge, and teach you about the millionaire trading mindset.

My mentor taught me this important life lesson today.

Trust me, these words hurt a bit. Actually, they stung a lot. However, he was right. By the end of our conversation, I became ready to accept his ultimate challenge.

“Ken, I am going to stop you from continuing your $500 to $10,000 challenge today”

“As of today, you are done”

“To be honest, I challenged you, because I knew you weren’t quite ready to complete the challenge”

“I taught you all the skills and techniques that I have acquired in the past 25 years of trading. You are no doubt, one of the most talented students I have ever taught.

You are ahead of 95% of all the other people trading on the market.

The one thing you lack is confidence, and that was the reason I challenged you.

That is something I cannot teach, you have to learn it on your own.

Skills aren’t enough to make you a millionaire, you need the mindset, and the confidence.

I have been watching your live stream occasionally, and I noticed that your entries are flawless, you are absolutely great at your entries.

Your mindset is great, and it’s constantly improving. I am confident that your mindset will continue to develop as you gain more experience trading.

Your confidence is lacking, that is why you do not take your wins.

That is why you back out on trades that could have made you a lot of money.

That is why you failed to make the trade on UAL.

Confidence is the expression of competence.

I know you are trying hard to teach your students everything I taught you, but you are working too damn hard.

Conventional wisdom tells you that making money requires you to work pretty damn hard.

I want you to break that myth. You don’t need to work hard to make a ton of money. If you go back and look at your streams, you do a very simple task, and your account spikes up and makes a ton of money.

That is easy money. However, conventional wisdom is what is corrupting your mind.

You are taught from a young age that making money has to be done by hard work. Hence, you don’t have the mindset for easy money, and that’s okay. Understand that making money is easy.

I am telling you today, making money is pretty damn easy. You just need to have leverage.

95% of people think that making money is hard, 95% of people aren’t millionaires. The top 5% of people know that making money is easy. Use leverage.

Do you think that Bill Gates, Warren Buffet, Steve Jobs, or Mark Zuckerberg do all the hard work for their companies? I would hope not.

If you want to be a millionaire, you need to start thinking like a millionaire.

This is what I mean.

The boss of a construction company makes millions of dollars every year, but he doesn’t do any of the hard work, he leverages his employees to do the heavy lifting.

You can make millions of dollars every year without buying lots of stocks and spending your hard earned money by applying leverage with trading options.

In fact, the hardest working people aren’t millionaires.

I am sure the guy who picks up my trash every week works a hell of a lot harder than me. Why isn’t he a millionaire?

How does this apply to you?

Your goal is to teach people. You need to keep it simple.

Not a lot of people want to spend 6 hours watching your videos everyday. You spend too much time trying to teach a skill they can learn from your instructional videos. Save your energy.

Your bread and butter is 50% profit winners, this can be seen repeatedly in every day trade you enter on your live stream.

You spend 5 minutes scanning the charts everyday, 5 minutes to enter a trade. That is great. Keep it simple. Scan 5 days a week, but only enter a trade 2 to 3 times a week.

The days you don’t see a good set up, just rest. Do something else and enjoy life. Keep it simple and easy.

5 minutes scanning x 5 days = 25 minutes. 5 minutes trading x 3 days = 15 minutes. Total time spent a week is 40 minutes.

I want you to pick 2 to 3 days a week, and make 3 day trades. Aim to hit those 50% trades.

If you land two 50% winners a week, you will double your money every week very easily.

However, if you do see a SOLID money pattern, take the swing. Use absolute precision.

This is productivity. More RESULTS with LESS TIME.

The reason you don’t have a lot of subscribers or viewers is because of two main reasons.

You aren’t keeping it simple enough. You aren’t making big results.

Let the money do the talking and I guarantee that people will pay more attention.

I am stopping you, because I believe you are ready for the next challenge.

You need to stop wasting your time. Take control of your confidence.

You don’t need to prove anything to anybody. What you need to do is focus on yourself.

If you want to help other people, the first thing you need to do is help yourself first.

Remember, in an airplane they always tell you to put on your oxygen mask first before assisting other people.

You have already mastered the art of trading, now you need to play for real.

This is your new assignment:

Options Trading – FU Money Rags to Riches Day 1

Start with $1,000 and commit to this weekly ritual until you hit $30,000. Then commit to this ritual daily. You will see results a lot faster, and many people will start paying attention.

I believe you can complete this challenge in under 2 months.

Also, there is one caveat to this challenge. You must be withdrawing money occasionally to pay your bills. You must also use your profits to upgrade your setup. Buy a better headset, a camera, and another computer monitor.

I want this side hustle to overcome your day job income.

Once you triple your day job income. This will become your new day job.

This is the challenge that is going to push you to become a millionaire.”

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: Day Trade, Education, Key to Success, Mentor, Millionaire Mindset Tagged With: Day Trade, Mentor, Millionaire, Mindset, Options, Success, Trade

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

How My Top 5 Stocks for April Will Stop You from Feeling Broke! Exclusive Trade Leak! COVID-19 Stock Stimulus. (Free Watchlist).

April 11, 2020 by OptionsAndTraders

Ken Here.

We are officially on Day 22 of quarantine – the impacts of the pandemic hasn’t finished its course.

I know that a lot of you have given up hope, because you loss your job. Times are tough, and the struggle is real. There aren’t a lot of places hiring right now, and you still have to pay the bills, I understand this completely.

My solution is quite simple, trade and make money on the stock market!

There are 5 major reasons why I always recommend and teach trading:

  1. You do not have to create any content.
  2. You do not have to talk to any negative customers.
  3. Nobody can tell you to go home or take a break. You are your own boss.
  4. Nobody schedules your hours, you work when you want to and with whom you want to. (The only limit is the market hours: 8:30 AM CST to 4:00 PM CST.)
  5. The amount of pay you receive has NO LIMIT, you aren’t limited to a measly $500 a week paycheck.

Before we begin, these are 4 essential thoughts on my mental checklist:

  1. Do we have a plan? – Yes, I will lay out the plan on each of these trades.
  2. Why am I getting into this trade? – Each trade will be justified by my key elements.
  3. Do I have an exit strategy? – I will clearly define the exit strategy.
  4. Did I check the size of my position? – Do not enter a trade with more than you are willing to lose, this only creates financial stress and lack of sleep from worrying about your doubts.

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.

Nothing is 100% guaranteed on the market, but these are my highest conviction trades for April 2020. I will write another report showing the results of how these trades pan out.

Don’t forget to ignore the trolls.

Most websites and forums post a bunch of lousy irrelevant crap with tons of technical analysis. I believe these posts are full of noise created by a bunch of trolls. If you have ever visited www.stocktwits.com or wallstreetbets you probably have seen them. If you have ever asked a professional trader what they think about these sites, I can guarantee they will all tell you the same thing. “I ignore what other people say, and I do my own due diligence based on my trading edges.”

The explanations of these trades are going to be as concise and crafted as simple as possible.

I will never write such an in-depth watchlist again, so pay close attention.

Traders pay over $10,000 a year for this type of knowledge.

These trades are all going to be swing trades, meaning you can take your profits anywhere from 1 day to 5 days. Take your winnings as soon as you feel comfortable doing so, I am going to define price targets, but you can always take the win a lot sooner.

These are trades which could be affected by Monday’s market volatility, so be cautious if the SPY opens low. Currently, the SPY is trending upwards, so always make sure the SPY isn’t crashing before entering trades.

Source: thinkorswim

Once again I believe these are good stocks to buy and trade.

Let’s dive right in.

Add these 5 stock tickers to your trading platform:

I am going to be trading these stocks starting Monday 4/13/20.

  1. STOR – STORE Capital Real Estate Investment Trust Company
  2. DAL – Delta Air Lines
  3. WORK – Slack Technologies Software Company
  4. WBA – Walgreens Boots Alliance Retail Pharmacy Company
  5. LYV – Live Nation Entertainment Company

STOR

STOR use to be priced at $40 before the pandemic, it is currently trading at $18 (45% of its value).

The Dividend yield is sitting at 7.6% which is pretty high for an annual return (This is attractive for long term investors).

The last traded closing volume was 14 million shares. Multiply this by the share price and you will notice there is tons of money flowing in and out on this stock.

Look at the chart.

Source: thinkorswim

I used 5 elements here:

  1. Gravitational theory – The stock price is getting pulled towards that pink line.
  2. Expanding volume bars – Indicates more and more people are buying the stock.
  3. Support and Resistance – The stock has a support level of $15, and a Resistance level of $20.
  4. RSI
  5. MACD

You have two options here. Buy the stock or buy the option.

Stocks: You own a share which has no expiration date, theoretically it can drop, but it most likely will never go to $0 before you have a chance to sell it.

Options: You own the right to purchase 100 shares per option, but do not own a share. If it expires out-of-the-money it will be worth $0.

Stock: I would purchase this stock around $18.80 to $19.20. I would sell the stock as soon as it reaches $20.50 to $21. This would yield a $2 a share profit.

Options: I would go with a $20 Call with the expiration date of 4/17 for around $0.45 ($45 each) if you want to have a high risk high reward trade. If you want to be safer, purchase the 5/15 $20 Call for around $1.35 ($135 each). I would sell these options as the stock price reaches $20.50 to $21. This would yield about a 100% profit, or doubling your money.

You can use this Options Profit Calculator to see an estimate of how much money you can make per successful trade.

Let’s provide a scenario: I buy one $20 Call contract for $135 with a 5/15 expiration. When the price hits $21, I can turn around and sell that call for $272. This will yield a profit of $137.

The stock option is safer, but the yield is significantly less. I am an options trader, so I am going to trade the option.

Stop loss price: If the stock price is about to close near $17, I will sell my options at a loss to prevent further losses.

DAL

DAL use to be priced at $63 before the pandemic. It is now at $24 (38% of its value).

The dividend is at 6.6% which is attractive to long term investors.

The last traded volume was 91 million shares.

Look at the chart.

Source: thinkorswim

I used 5 elements here:

  1. Gravitational theory – The stock price is getting pulled towards that pink line.
  2. Expanding volume bars – Indicates more and more people are buying the stock.
  3. Support and Resistance – The stock has a support level of $20, and a Resistance level of $32.
  4. RSI
  5. MACD

Again, you have two types of trades here. Buy the stock, or buy the option.

Stock: I would purchase this stock anywhere from $25.40 to $26. I would sell it as it approaches $28 to $29.

Option: I would purchase the $28 Call with the expiration date of 5/1 around $1.30 ($130 each). I would sell the options as the stock price reaches $28 to $29.

This trade has the potential to have a 300% return or 3x your money.

Stop loss price: If the stock price is about to close near $24, I will sell my options at a loss to prevent further losses.

WORK

WORK recently had its IPO this year. So it doesn’t have a defined high. However, it is making a significant impact for companies that require their employees to work from home due to social distancing.

The last traded volume was 10 million shares.

Look at the chart.

Source: thinkorswim

I used 5 elements here:

  1. Gravitational theory – The stock price is getting pulled towards that pink line.
  2. Trend Pattern Squeeze – The stock is trending up, there is a consolidation. The next phase is a squeeze past the gravitational line.
  3. Support and Resistance – The stock has a support level of $24, and a Resistance level of $29.
  4. RSI
  5. MACD

Stock or the option?

Stock: I would purchase this around $24.80 to $24.90, and sell it as the price goes towards $26.

Option: I would purchase the $26 Call with the expiration date of 4/24 around $0.80 ($80 each). I would sell the options when the stock price hits $26.

This will yield about a 200% return or double your money!

Stop loss price: If the stock price is about to close near $23, I will sell my options at a loss to prevent further losses.

WBA

WBA use to be priced at $62 before the pandemic. It is trading at $44 (70% of its value).

The dividend is 4.16% which isn’t super high, but the stock is relatively stable compared to the market. This is what conservative investors typically buy, and there are lot of those type of people.

The last trading day had 7 million shares traded.

Look at the chart.

Source: thinkorswim

I used 5 elements here:

  1. Gravitational theory – The stock price is getting pulled towards that pink line.
  2. Trend Pattern Squeeze – The stock is trending up, there is a consolidation. The next phase is a squeeze past the gravitational line.
  3. Support and Resistance – The stock has a support level of $42, and a Resistance level of $44.
  4. RSI
  5. MACD

Stock: I would purchase this stock between $44 and $44.20 and sell it as the stock goes to $46.50

Option: I would purchase the $45 Call with the expiration date of 4/24 around $1.25 ($125 each) and sell the options around $46.60.

This will yield about a 50% return or 1.5x your money. It is a more conservative stock, so the volatility is lower, but so is the risk.

Stop loss price: If the stock price is about to close near $42, I will sell my options at a loss to prevent further losses.

LYV

LYV use to be priced at $71 before the pandemic. It is now at $38 (53% of its value).

The last trading day had 6 million shares traded.

Look at the chart.

Source: thinkorswim

I used 5 elements here:

  1. Gravitational theory – The stock price is getting pulled towards that pink line.
  2. Trend Pattern Squeeze – The stock is trending up, there is a consolidation. The next phase is a squeeze past the gravitational line.
  3. Support and Resistance – The stock has a support level of $38, and a Resistance level of $45.
  4. RSI
  5. MACD

Stock: I would purchase this stock between $38.40 and $38.80 and sell it as the stock goes to $42.

Option: I would purchase the $42.50 Call with the expiration date of 5/15 around $2.25 ($225 each) and sell the options around $43.

This is a longer swing trade, but it has the potential to make a 200% return, or a double your money trade.

Stop loss price: If the stock price is about to close near $37.50, I will sell my options at a loss to prevent further losses.

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: DAL, LYV, SPY, STOR, Trade, Watchlist, WBA, WORK Tagged With: COVID19, DAL, LYV, SPY, Stimulus, STOR, Trade, Watchlist, WBA

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