You are busy? You don’t have the time to make it happen? Nah. I’m going to go ahead and say you’re either lazy or simply don’t want “it” bad enough. What is “it”? You tell me. Maybe you want to learn to trade. Maybe you want to improve in another area of life. After listening to this interview though, you’ll understand why I have very little pity for the “I’m too busy / not enough time” statements people throw around. Our guest, Diego (same name in chat room) gives us a rundown of his current journey and you’ll see this guy is not messing around. I also had the pleasure and honor of meeting Diego at our Fort Lauderdale meet-and-greet and I will attest to the fact he’s a Grade A person. If you’re in search of some real life inspiration based in reality, and not theory, then look no further. Let’s get to it!
Notes:
Today we interview community member Diego. He had contributed to a TSP account which is available for military members until the time his service ended. After taking some looks at the account daily, he became interested in the daily ebbs and flows of the account.
This led him to move his account into various mutual funds which ultimately led him to swing trading. This was all prior to any training. A majority of his buying and selling was based on recommendations from various media sources.
Diego started to focus strictly on natural gas and would trade UGAZ and DGAZ (two gas ETF’s that move inversely). After not finding much success trading those based on fundamentals, Diego looked into options.
After having some missed trades, Diego stumbled on to the Inner Circle and expected to get buy and sell alerts from Clay. However, as he soon found out, there are only technical alerts being given since every member has their own risk tolerance. This led to him joining the University program.
Diego continued to focus on his interest on options and now exclusively trades advanced option spreads. This works great with his busy schedule. He has also learned that he does not need to be in a trade every day. It’s much more lucrative to trade good setups and pass on the mediocre ones.
Quotes:
I was on the kool-aid for The Street and buying based on what they were saying.
My expectation was to get rich now. I want to hit it big and quit my job and live on the beach. It’s harder than you expect.
I read about options. I bought cheap options on CHK to cap my risk. Something happened so 120 dollars became 700.
Let the past be the past. Move forward and focus on the present. The next four months, I studied CTU.
I plan the trade the night before then put in my orders at the open. I look again by about 2:00 if I didn’t get a fill in the morning.
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