Happy 4th Of July

This Fourth of July is a special one for me, this is my first one without my dad. Long story short, I am 50 years removed from complete poverty. My grandfather was a cab driver who worked long hours for little to no money, my father came to the US with $60 in his pocket in 1971, he went on to work 80+ hour weeks for the next 50 years as business owner, and now here I am living the dream trading options in my underwear most days from the comfort of my home. That’s the American dream right? As traders we take risks, we dedicate time to learning a craft, and the goal is financial freedom. Freedom to live life on our own terms. As we look ahead to the coming years, we hear all the fears about the rise of AI and the potential for mass job losses. You know what job is never at risk? Your job as a trader. Why? Because it is you against the market and supercomputers already do the majority of trading yet we all can still thrive inside that world every single day.

Once you understand how the market works and it all clicks, that moment where you see how the option flow and charts align, it is a beautiful thing. It is that “aha” moment that most market participants never have until they’ve taken on some serious losses and by then most have quit the game. You feel like you’re finally in control of your own destiny, no longer are you in the camp of investors who buy and pray, but now you’re in the world of investors who know how to generate money from the market consistently. Developing a process is vital to success in anything you do life. For me, the rules below are my rules to abide by

1. As long as the market is over the 21 ema, you stay long.

2. When the market breaks the 21 ema, you close things up

3. Option flow helps guide your decision making process

4. You sell puts into gap fills

5. You sell puts off key moving averages

6. You buy breakouts

7. You don’t touch broken charts

That’s it. I’m a simple man, every stock is a buy somewhere on a chart, my goal is to play the right names at the right time, that’s it. The market is a fun game and it is the most rewarding game in the world when you play it right. Stocks do go up the majority of time, you don’t need an expert to tell you that, what my goal in doing all this was making data easily accessible and explaining to retail investors how the game really works. Anyone can go out there and tell you to buy XYZ stock and on a long enough timeframe they likely will be right. For those who are self starters who are willing to take time to understand how to play the game, the rewards are immeasurable. To me being wealthy isn’t a number we achieve, wealthy to me means having time to do whatever you want. As traders, we are so fortunate, the ability to be anywhere in the world and as long as we have a computer and time to apply our process, we can make money, that is the dream. We are the luckiest people in the world. Enjoy your holiday.