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Tackle Today: K.I.S.S.

March 29, 2019

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Tackle Today: Keep It Simple = Success.

≈ Keep It Simple = Success. ≈

Beth Salamanca here.

“Keeping It Simple” was something mentor Tim ingrained in me. Back then, I was way too complicated: I over-researched, over planned, and over paper-traded. I’ve grown quite a bit since then, but I can still revert to type unless I remind myself about KISS!

Over time, and with the help of Elite Instructor, Micah Brooks, I’ve been able to crystallize with a laser-like focus on what my trading is all about:

My KISS philosophy is to be a nimble active trader, rotating stocks and strategies depending on market conditions. I never enter more than two trades a day. I sell options when implied volatility is high, and buy options when IV is low. I use a high probability of profit (POP) of 85% or better. And I always have a predetermined exit strategy.

This way, I clear out the noise while increasing my profitability. No wasted motion.  No bad habits. I stay focused on what works for a changing trading environment, and I have the profitability odds on my side. I’m not skilled in all of the options strategies–only the basic ones. Nonetheless, we can still profit from doing the strategies we know, and doing them well.

In life, I learned success is not only what we do, but also what we don’t do. My KISS formula is a simple program for a complicated person. It keeps me on track doing what I need to do and keeps me out of the weeds on what I need to avoid. It allows me to use my limited time wisely to achieve results. Finally, it focuses me on doing what I can—when I can, and prevents me from spinning my wheels on doing what I can’t. You too can achieve trading success using the “Keep It Simple = Success” method. 

For more details, check out my blog, “My What: K.I.S.S.”.

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One Reply to “Tackle Today: K.I.S.S.”

  1. JimGuanzon JimGuanzon says:

    Great stuff Beth! I learned KISS = Keep It Simple Stupid! I like yours better. I love how Murphy’s Law will kick in even when you try to keep things simple.
    I like the no more than 2 trades a day.

    I’ve found that with multiple accounts, it’s a challenge to remember and set up TOS:
    1) Paper vs Live
    2) Margin vs IRA
    3) Spouse vs My Account

    In any case, I’ll remember KISS and one step at at time. I overestimate what can be done in short term, and underestimate what I can achieve over the long term…

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