From losing $15k over 2 years, to now making $15k/month...

Here's 10 tips I'd tell my younger self:

Over trading is one of the top reasons I failed for 2 years

Here's how to stop overtrading and get rid of your trading addicition:🧵

The first key to stop overtrading is establishing a set of rules

Create a set of rules so you know when you SHOULD stop over-trading

It can be based on $ gain/loss or just the amount of trades taken

Either way, there needs to be a written list you can follow

The second key is having a hobby.

Something you can do once you've stopped trading

It could be...

-Working out
-Doing chores
-Talking to a friend
-Writing

As long as you have SOMETHING you can do everyday after trading

It should help you out

Do you hop from strategy to strategy?

Can’t find consistent results?

Here's a step by step plan to fix that
👇👇👇

Before we dive into how to fix it, we need to understand WHY we do this.

I’ve done it before, most people do it. It’s a common fault of trading.

The reason we do this is because we don’t have the confidence in a strategy that actually works.

What do I mean by works?🧐

I mean something that has been PROVEN and BACKTESTED to be profitable✅

For example, you may be trading inside day breakouts. What is the win% of that strategy?

What’s the average risk/reward ratio?

If there’s no way to define those numbers, you are gambling 🎲

Now we have addressed the problem.

Let’s get into how we fix it👇

I made $55,000 in 6 months on ONE trade.

A 600% return

Here's how you can turn typical 10% returns into 200%+ using long term options:

Let's not waste any time and get right into it👇

Long Term Options are simply a way to "invest" on a more aggressive way

There's a specific strategy that I use to pick stocks for long term options, but first...

let's talk about WHICH options to select:

With typical swing trades I always prefer going ITM.

Not the case for LEAPS.

With longer term options, I love going OTM

Decay isn't that much a factor and you'll be paying less per contract since leaps are already pretty expensive

Depending on the stock, I'd recommend going 20-30% OTM of the current share price

This is pretty loose, but the main concept to recognize is that you want the contracts to be ITM within 6 months

There will be a point where decay will kick in and for that you'd want to be ITM.

If you aren't sure about the strike, then go more ITM. It's always better to get closer to ITM then OTM.

Okay, let's move onto date to expiry:

Making $1k/month is great, but $10k/month is even better💰

Here are 5 things you NEED to master to grow your trading to $10k per month🚀
👇👇👇

1. Trading a Proven System
Trading with a winning and proven system is key to consistency in the markets 🔑

In order to scale to $10k/month, you’ll need to have a strategy that can make you $1k/month🎯

Consistency is the most important aspect for growing a trading account, and a proven strategy will help you get there👇

2. Controlling Emotions
Trading is a marathon, not a sprint. If you go from using $5k for each trade, to using $50k for each trade, your emotions will play a role.

You CANNOT trade with money that you aren’t willing to lose 🙏

Slowly build your account by increasing your size each week 🦥

Going from $1k - $10k shouldn’t be overnight❌

It should take months for that to happen so you are COMFORTABLE trading with a bigger size✅

RISHI PINGALA:THE ANCIENT INDIAN SAGE DISCREDITED FOR HIS MAJOR CONTRIBUTIONS TO MATHEMATICS & PHI

Have you ever heard about,"The Golden Ratio"?
The Golden Ratio or Phi(Greek) is a mathematical ratio of nature. Mother Nature is the most exquisite artist in herself.

&Its this Phi she uses to create all the beauty in World.
If anyone uses this ratio correctly in their art,it can turn into a spell-binding piece of work.Such is the significance of'Phi'.But my thread isn't about it.Its about somethin called'Fibonacci Series'&who actually made it

Phi is related to Fibonacci series(0,1,1,2,3,5,8,13,21,34...)
&this series is responsible for everything dat is beautiful on this planet. Just try to calculate the ratio of any 2 successive numbers ÷ each of them by the number before it in above infinite series.

E.g. 3/2=1.5, 5/3=1.666, 8/5=1.6, 34/21=1.61904 and so on. Did you notice something? The ratio is coming almost same every time. This ratio is called 'Phi 'which is numerically represented as 1:1.618. This Golden Spiral is made in exact proportion of 1:1.618.

The thing I want to emphasize here is that we always find only those things appealing and attractive that have Phi. It's in our subconscious. Isn't it some revelation? We are the part of this Divine proportion of the God or the Mother Nature. Check these:

NARHARI AND BHAGWAN PANDURANG/VITTHAL

Once a goldsmith by the name of Narhari lived in Pandharpur. He excelled in his craft. He had vowed not to look at Pandurang or visit his mandir ever, as he was a Shiva Bhakt.
One day, a wealthy merchant visited him.

He wanted a gold girdle studded with precious gems, to be made for Prabhu Vitthal. Narhari refused to make it as it was for Vitthal.
After many requests, he agreed to make the girdle but asked the merchant to bring the measurement from the mandir as he himself would not go there

The measurement was given n he made the girdle. When the girdle was put on Vitthal, it was loose. Narhari had to shorten it. Now the girdle became tight. So Narhari was forced to take measurement on his own. He had to go to the mandir but went blindfolded to avoid seeing Vitthal

In the Mandir, when blindfolded Narhari touched Vitthal, he felt as if he was touching Shiva with matted hair, the moon, snake in His neck and Trishul in His hand. Ecstatic with joy, he removed the blindfold to see Shiva but he found the murti of Vitthal with Rukmini there.

He realised the truth that there was no difference between Vitthal and Shiva. Narhari at once fell at the feet of Panduranga. He then took the measurement of the waist of Vitthal and this time the ornament fit the Murti perfectly.

Narayan Hari🙏🏻

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