Drama Free Day Trades Basic
Learn Kody’s 1% Per Day Strategy and how he grew his account by over 60% in 3 months
“Worrying is like a rocking chair, it gives you something to do but never gets you anywhere.”
One would consider Kody a “Jack of all trades” While in high school, he enlisted in the United States Marine Corps as a rifleman. While in the USMC he did two tours to Iraq, went through a wide variety of courses and obtained several awards and medals. After leaving the USMC Kody went to school to become a Paramedic. After becoming a Paramedic he worked as a field medic, paramedic instructor & even flight medic. Kody then decided to combine both professions and started working for the United States Government in various “High Threat” locations as a tactical medic.
While Kody was overseas he wanted to find a way to make his money, make him money. After all, he had his first child on the way and wanted to find a way to make a decent living with his hard earned cash. He started with day trading but with laggy & slow internet, he learned that day trading was going to be impossible to pursue overseas.
That’s when he turned to learning about swing trading options. What drew Kody to swing trading options was the ability to manage risk based on position size & the low capital requirement to make substantial gains.
After mastering swing trading, he sought to become a Prop Trader for a firm to further leverage his capital. In 2016 Kody started trading firm capital and has been ever since.
Since Kody’s main goal in trading was to be able to produce a weekly income for a source of living. Short term, trading has always had his attention. Kody seeks to actively pay himself weekly while managing risk.
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Discover how Kody grew his account by over 60% in 3 months with no scanning, no setup determination, and little to no drama as a result.
Learn MoreI used to trade with monetary goals but I no longer do. I have found that trading with those goals can force a trader to force trades on a lower probability trade setup just to meet a monthly/ early goal. My one goal is to follow my written and tested trading plan and take what the market is willing to give me.
Options
Daily timeframes
For squeeze setups:
Reversion to the mean setups (bullish example):
I personally keep active orders out for stops. I manage my risk by position size. However, with entries at the 21EMA, I will stop out with a stop close on the opposite side of the 34 EMA.
In all positions, I scale out by closing half the position at +50% ROI. I then place an order to close the last half for +70%, giving me an average of +65% within a few days.
On expiration week, if none of my targets are hit. I close the position for whatever profit/loss is in the position. If the stock hasn’t moved as expected within that timeframe then I may be wrong. So I exit the position to prevent the position from becoming a max loss.
I wake up at 4am Central every morning. I take a glance at the futures markets then I get a workout in. I either go for a minimum 5 mile run or do some type of functional fitness.
I ensure my trading journal has been fully updated with closed positions and newly open positions. I then look at the days late buy/sell dark pool prints to get a feel for where the market is going.
Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money.
Learn MoreApplies cutting-edge psychological techniques to trading skills, allowing readers to improve their mental outlooks and maximize the potential of their trading strategies.
Learn MoreAlthough Reminiscences...was first published some seventy years ago, its take on crowd psychology and market timing is a s timely as last summer's frenzy on the foreign exchange markets.
Learn MoreBecoming a better trader takes discipline, skill development, and statistically profitable trading strategies, and this book will show you how to develop all three.
Learn MoreThis unique approach is the closest thing to signing up for a “trader boot camp” yourself! You’ll learn by watching new traders walk through actual trades, explain what they’ve tried to do, and try to survive brutally tough expert critiques.
Learn MoreOne of the most insightful, best-selling trading books of all time, including 16 interviews!
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Learn Kody’s 1% Per Day Strategy and how he grew his account by over 60% in 3 months