Do you know what you really want?
If you want to be successful as a trader, you have to start with the hard stuff first.
And many of you will get done reading about this first step and never take action, because it's not what you wanted to hear.
I get hundereds of questions in my email inbox because I'm known as "the options guy." The questions always sound something like this:
"What option books should I be reading?"
"What trading strategy should I use?"
"You liked FCX at 38 and now it's 42, should I still get in?"
If you really want to know these questions, you aren't setup for trading success.
The questions is not the problem-- it's the implication.
New traders come to me every day looking for the big, shiny tip or tactic that will finally give them the breakthrough they need to become a great trader.
You're just setting yourself up for failure if you think that one simple trick or tip will stop holding you back and make you a trading success.
Instead of focusing on a single option strategy, or a single guru, or a single book that you think will provide the answer...
Focus on improving your systems.
Trading is a business. It's the systematic process of putting capital at risk in order to generate returns on your capital.
Read that sentence again.
Every business aspires to do have those systems, whether you're trading options or selling hotdogs.
In order to generate returns with the lowest risk possible, you need to develop the systems necessary to manage that risk.
If you're running a hotdog stand, you need to make sure that you sell your dogs at the right street corner in order to optimize profits.
In trading, you have to make sure that you deploy your capital at the right times and with the right structures in order to optimize profits.
The trades you make out of your systems will generate the cash flow.
But the system is the asset.
The goal of the Trading Success Plan is to help you develop the systems that you need to be a great options trader.
This isn't about a magical setup or trick to guarantee profits-- it's about building assets.
I believe that financial speculation is a key to creating wealth, and you have the capabilities to do just that.
Are you ready to get started?
Good. I want you to complete a small survey to get started. These answers should help you get perspective on where you need to be as a trader, and these answers will aid me in how to best help you.
You will receive the next step in your Trading Success Plan in your inbox, so make sure [email protected] is on your "Trusted" list.