You can watch the replay below:

Get inside the mind of a trader with Coach Tyler Criag

Tortoise vs. Hare, Tides vs. Waves

Want to see what a rising tide looks like? Go look at what the stock market has done in your lifetime.

Too many play the waves and miss the tide.

Simple Wealth, Inevitable Wealth by Nick Murray

Open Roth IRA quicker

Pay tax on the seed, not the harvest

Low tax bracket + access to contributions = Cat’s Meow

Opened Roth in 2011 @ 27. Started investing at 21. Missed 6 years of contributions. Married in 2008 so I missed four years of contributions for my wife.

The Role of Cycles https://tradingjustice.com/market-cycles/

Advance is permanent, declines are temporary

Compounding Gains  https://tradingjustice.com/compounding-the-eighth-wonder-of-the-world/

What if I bought 100 shares of an ETF every year since I started? 

1400 shares EEM $65K

Dividends: $980

14 covered calls

NOT COUNTING COMPOUNDING!

I like systems that have a 100% track record of recovering! If I wait long enough, I make back my money!

Lose trade, lose, lose = Quit ??? If I continue, will I recoup my losses?

“Someone is sitting in the shade today because someone planted a tree a long time ago.” 2012 Sawyer James born. Saved $100 per month. Now $12k. When he hits 18 yrs old., just contributions will rise to $55,200. With growth, should be over 6 figures.

The Power of Trading Systems

Good Trading System + Time + Compounding = Magic

Mr. Miyagi – Iron Condors on RUT late 2006 to 2008. Won 13 in a row. Got scared in ’08 and stopped!

4 contracts, 5 contracts, 6 contracts, 7 contracts, then lose! 1 iron condor every single month from 2006 to now would have been better.

Bull put spread = trading strategy

Selling monthly bull puts on SPY when it’s above 50 MA with target/stop/sizing rules = system

Iron condor = trading strategy

Selling 62 day Condors on RUT complete with management and sizing rules is a system

Covered call = trading strategy

Buying IWM and selling monthly calls with rules is a system

1. Condors for Cash Flow – RUT

2. Covered Call systems w/ protection – IWM, EEM, XOP

3. Cash Flow systems with naked puts/covered calls – handful of ETFs

4. Discretionary strategies I deploy on my watchlist using my rules.

How to use Volatility to my Advantage

1. Use smaller sizes and really loose or no stop losses.

A. Own 100 shares of IWM and sell 1 call

2. Scaling In: https://tackletrading.com/options-theory-lost-art-scaling/

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