Director of Weekly Options Strategies
“Worrying is like a rocking chair, it gives you something to do but never gets you anywhere.”
Who is Kody?
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.
Where can I find Kody at Simpler?
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Kody’s Recommended Courses
Instantly Find Hidden Squeeze Pro Setups Across All 18 TimeframesLearn More
Pinpoint Steep Breakouts and Reversals by Trading the FlowLearn More
Kody's Trading Plan
- I trade to live life on my terms. I can go anywhere in the world with an internet connection and still be able to provide a living for my family.
- To be a competitor in the world’s largest competition that is fueled by the world’s greatest emotions, fear & greed.
- I am a swing trader that enjoys paying myself weekly while managing risk. I like to have 3 – 5 trades on at a time in a rolling 2 week period.
- In an uncontrollable environment where anything is possible. All you can do is control your entries and position size. If you go with the trend, get into position at a great level and price then you can be profitable on the average moves of the market.
I 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.
- Daily squeeze setup
- Reversion to the mean setups that go with the larger time frame trend.
For squeeze setups:
- Stock is in a strong sector
- Weekly, daily and 4hr charts are in alignment with each other
- Yellow or green 10x bars
- Daily squeeze
- 21 and 34 EMS are stacked positively
- 21 and 34 EMS are stacked positively
- Enter into position with +1/-1 ATR of 21EMA
Reversion to the mean setups (bullish example):
- Monthly, weekly and daily time frames in alignment with the same color 10x bars
- Stock in a strong sector
- Price pulls back to the 21EMA
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.
- Think or Swim for charting
- TraderVue for journaling
- LiveVol for scanning dark pool prints
- Charles Schwab StreetSmart Edge – Block Trade Indicator to watch the tape for the day
- SnagIt to screenshot charts to put into the trade journal
- I screen shot every chart for a trade and journal WHY I am entering the position.
- When journaling, I journal if my trade plan was followed. If not, why?
- Once in a trade your only job is to manage risk.
- Worrying is like a rocking chair, it gives you something to do but gets you nowhere.
Trading Platforms Used by Kody:
Kody’s Must Read Books:
Trading in the Zone
Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money.Learn More
Applies cutting-edge psychological techniques to trading skills, allowing readers to improve their mental outlooks and maximize the potential of their trading strategies.Learn More
Reminiscences of a Stock Operator
Although 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 More
Becoming a better trader takes discipline, skill development, and statistically profitable trading strategies, and this book will show you how to develop all three.Learn More
This 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 More
Market Wizards: Interviews with Top Traders
One of the most insightful, best-selling trading books of all time, including 16 interviews!Learn More
Here are some of Kody's favorite products:
Kettlebell Kings are made from gravity casting which is the most precise way to create a kettlebell. If a kettlebell is not gravity cast you risk not accurately casting the kettlebell to the same weight and dimensions every time.Buy Now
Top-of-the-line, commercial-grade deep muscle treatment meets personalized, guided app experiences that help to reduce muscle soreness, improve mobility, and increase relaxation.Buy Now
Trideer Yoga Ball
Suitable for rigorous fitness workouts, especially strengthening the abdominals, core and lower back muscles. Perfect for Yoga, Pilates, stretching and CrossFit, also can be used as a desk ball chair or maternity ball.Buy Now
By combining 3 of the most researched mycological species on the planet, Genius Mushrooms deliver an organic wellness formula unlike any other: Enhance mental clarity, immune function, natural energy and more.Buy Now
John In the Media
September 26, 2018
Simpler Trading CEO John Carter discusses the recent buzz around marijuana stocks and how more cannabis ETFs are beginning to emerge.
March 11, 2019
Fox Business: Stock market continues to rally despite weak corporate earnings
July 19, 2012
Catch John Carter from Simpler Trading. Tom, Tony and John talk about the Australian dollar. The Australian dollar was new to Tom!