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Mindset

How to Get Rich Quick By Ditching Conventional Wisdom and Applying it to Trading Options

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Good morning!

The goal today is to inform you of my new challenge, and teach you about the millionaire trading mindset.

My mentor taught me this important life lesson today.

Trust me, these words hurt a bit. Actually, they stung a lot. However, he was right. By the end of our conversation, I became ready to accept his ultimate challenge.

“Ken, I am going to stop you from continuing your $500 to $10,000 challenge today”

“As of today, you are done”

“To be honest, I challenged you, because I knew you weren’t quite ready to complete the challenge”

“I taught you all the skills and techniques that I have acquired in the past 25 years of trading. You are no doubt, one of the most talented students I have ever taught.

You are ahead of 95% of all the other people trading on the market.

The one thing you lack is confidence, and that was the reason I challenged you.

That is something I cannot teach, you have to learn it on your own.

Skills aren’t enough to make you a millionaire, you need the mindset, and the confidence.

I have been watching your live stream occasionally, and I noticed that your entries are flawless, you are absolutely great at your entries.

Your mindset is great, and it’s constantly improving. I am confident that your mindset will continue to develop as you gain more experience trading.

Your confidence is lacking, that is why you do not take your wins.

That is why you back out on trades that could have made you a lot of money.

That is why you failed to make the trade on UAL.

Confidence is the expression of competence.

I know you are trying hard to teach your students everything I taught you, but you are working too damn hard.

Conventional wisdom tells you that making money requires you to work pretty damn hard.

I want you to break that myth. You don’t need to work hard to make a ton of money. If you go back and look at your streams, you do a very simple task, and your account spikes up and makes a ton of money.

That is easy money. However, conventional wisdom is what is corrupting your mind.

You are taught from a young age that making money has to be done by hard work. Hence, you don’t have the mindset for easy money, and that’s okay. Understand that making money is easy.

I am telling you today, making money is pretty damn easy. You just need to have leverage.

95% of people think that making money is hard, 95% of people aren’t millionaires. The top 5% of people know that making money is easy. Use leverage.

Do you think that Bill Gates, Warren Buffet, Steve Jobs, or Mark Zuckerberg do all the hard work for their companies? I would hope not.

If you want to be a millionaire, you need to start thinking like a millionaire.

This is what I mean.

The boss of a construction company makes millions of dollars every year, but he doesn’t do any of the hard work, he leverages his employees to do the heavy lifting.

You can make millions of dollars every year without buying lots of stocks and spending your hard earned money by applying leverage with trading options.

In fact, the hardest working people aren’t millionaires.

I am sure the guy who picks up my trash every week works a hell of a lot harder than me. Why isn’t he a millionaire?

How does this apply to you?

Your goal is to teach people. You need to keep it simple.

Not a lot of people want to spend 6 hours watching your videos everyday. You spend too much time trying to teach a skill they can learn from your instructional videos. Save your energy.

Your bread and butter is 50% profit winners, this can be seen repeatedly in every day trade you enter on your live stream.

You spend 5 minutes scanning the charts everyday, 5 minutes to enter a trade. That is great. Keep it simple. Scan 5 days a week, but only enter a trade 2 to 3 times a week.

The days you don’t see a good set up, just rest. Do something else and enjoy life. Keep it simple and easy.

5 minutes scanning x 5 days = 25 minutes. 5 minutes trading x 3 days = 15 minutes. Total time spent a week is 40 minutes.

I want you to pick 2 to 3 days a week, and make 3 day trades. Aim to hit those 50% trades.

If you land two 50% winners a week, you will double your money every week very easily.

However, if you do see a SOLID money pattern, take the swing. Use absolute precision.

This is productivity. More RESULTS with LESS TIME.

The reason you don’t have a lot of subscribers or viewers is because of two main reasons.

You aren’t keeping it simple enough. You aren’t making big results.

Let the money do the talking and I guarantee that people will pay more attention.

I am stopping you, because I believe you are ready for the next challenge.

You need to stop wasting your time. Take control of your confidence.

You don’t need to prove anything to anybody. What you need to do is focus on yourself.

If you want to help other people, the first thing you need to do is help yourself first.

Remember, in an airplane they always tell you to put on your oxygen mask first before assisting other people.

You have already mastered the art of trading, now you need to play for real.

This is your new assignment:

Options Trading – FU Money Rags to Riches Day 1

Start with $1,000 and commit to this weekly ritual until you hit $30,000. Then commit to this ritual daily. You will see results a lot faster, and many people will start paying attention.

I believe you can complete this challenge in under 2 months.

Also, there is one caveat to this challenge. You must be withdrawing money occasionally to pay your bills. You must also use your profits to upgrade your setup. Buy a better headset, a camera, and another computer monitor.

I want this side hustle to overcome your day job income.

Once you triple your day job income. This will become your new day job.

This is the challenge that is going to push you to become a millionaire.”

Stay tuned, learn more, ask questions. Become a 6 digit survivor. Check out the live stream.

Get Started Today

Join my robinhood team and get a free stock here

Learn about my Indicators here.

Become a member and learn!

Newsletter Signup

Disclaimer:

I want to point out, I am not a registered investment adviser or broker/dealer. I am a highly profitable options trader who has been successful time after time, and I have changed the lives of many people through the art of trading on the stock market.

– Ken

The 1 Reason Why Most People Never Become Successful at Anything and How to Solve the Problem

by

Day 12 of Trading the $500 to $10,000 Challenge.

Today, I want to talk about my defeat.

I started the day with 5 minutes of scanning for patterns to play. I found the perfect setup for United Airlines today, and I knew they were going to hit $27 in my head. The stock price was trading at $26.58 on the opening bell. (You can replay day 12 from the  Live Stream)

I went ahead and purchased three $27 calls with the expiration date of 5/1/20 for $102 each. I spent $306 for this position. My plan was to make a day trade, and all of my day trades always shoot for 50% winners and above.

The stock chart followed my 5 elements and I knew that this one was going to be a winner.

While entering the trade, I saw that there were a couple of people shorting the stock in the morning, and I somehow doubted myself and I tricked myself into getting scared that I was wrong.

My $306 position became $280, then it became $260, then it became $180, and I let fear grow in my mind, even when I knew the direction, the trend, and the momentum of the stock.

I ended up stopping out of the trade at a $100 loss.

A long story short, at about 1:30 PM CST, UAL stock hit $28.24 and stayed at that price point for a good 20 minutes.

I realized, had I believed in myself, I would have turned that $306 into $538. But instead, I ended up walking away with $206. (We will learn from this mistake and grow from it together)

The moral of the story is to always have confidence in yourself.

If you ever get a chance to talk to a multimillionaire, many of them express great confidence in themselves.

Confidence is simply the expression of competence.

If you are competent and sure of your skills, you know exactly what you are doing, you take risks without hesitation, you make decisions without hesitation, and you will always end up having the best results.

Let me dumb this down for you guys.

Say, there is this really pretty, super attractive girl – right?

If you were a confident person, you would go up to her, talk to her, and get her phone number.

On the other hand, if you were a person who was lacking confidence, when you go up to the girl and ask her for her phone number, you may shake a little bit, you may stutter, and you may act and sound a little creepy.

Think of this from the girl’s perspective.

The girl would most likely not want to give the creepy guy her phone number.

The girl is going to give her phone number to the confident guy.

I want all of you to become more confident in yourself and become more competent in your skill set. It doesn’t matter what you are doing, you need to trust and believe in yourself.

Stay tuned, learn more, ask questions. Become a 6 digit survivor. Check out the live stream.

Get Started Today

Join my robinhood team and get a free stock here

Learn about my Indicators here.

Become a member and learn!

Newsletter Signup

Disclaimer:

I want to point out, I am not a registered investment adviser or broker/dealer. I am a highly profitable options trader who has been successful time after time, and I have changed the lives of many people through the art of trading on the stock market.

– Ken

The Ultimate Battle Tested Strategy to Win Against a Market Full of Uncertainty Made Simple and Easy

by

Hey guys, today is April 25th, 2020!

I have been collecting data, and conducting my own market research on the stock market for the past 3 weeks.

There is a lot of uncertainty regarding the direction of the stock market, and that seems to be an obstacle for a lot of traders. I am going to present my ultimate battle tested strategy in this article.

This strategy is the absolute conclusion of my experience within the past 3 weeks. I have been testing these strategies with real money and paper trading. I have conducted about 100 trades in the past 3 weeks. As an experienced trader, I have absolute confidence that these conclusions will hold true, and I will continually test them in the weeks to come.

A Chinese general who helped conquer the Qing Dynasty said one thing that I will always keep in my mind,

” If your battle strategy has worked in the past and it is currently failing, it doesn’t mean that your battle strategy doesn’t work. It means that the timing and execution of your strategy needs a slight alteration”

Let’s dive in.

There are two things you want to view before beginning your trading day. I highly suggest that you view them prior to the opening bell. These two things are the VXX Barclays iPath of volatility, and the SPY SPDRs ETF S&P500. The tickers are simply VXX and SPY.

The VXX should start declining as the SPY is increasing. The opposite holds true if the SPY is decreasing.

Let’s take a look at these two charts:

Source: thinkorswim
Source: thinkorswim

Based on all the trading elements depicted in my videos, you can see that as one goes down, the other goes up. This holds true for all of the trading elements.

This is a very important concept to know like the back of your hand.

If you are trading a S&P 500 stock, for the most part, it should be following the trend of the SPY. If the SPY is going up, that ticker should be going up. Make sure that the VXX is going down.

If there is uncertainty in the market, you can easily identify this by seeing if the VXX is going up or down and the SPY is going sideways.

This is also true if the SPY is going up or down, and the VXX is going sideways.

By understanding the gravitational theory that I have presented in my previous articles, you can see that on Friday 4/24/20, the VXX yellow and purple lines have crossed through the gravitational pink line, and they are heading downwards. This is a heavy indication that the SPY will make a move upwards.

As you can see on the same date, the SPY has made a heavy bounce above the gravitational pink line. (This is the OPPOSITE reaction).

This concept is very important when deciding whether to buy options calls or puts on a stock.

How does this help you? It’s quite simple.

Buy calls when the SPY is going up and the VXX is going down. Buy puts when the SPY is going down and the VXX is going up.

I am going to identify some special case scenarios that you need to watch out for.

First, let me identify two types of days on the stock market.

Red days and Green days.

I use finviz to clearly see, within 1 second, what type of day it is.

Red means the overall market is crashing. Green means the overall market is going up.

Take a look at these two pictures:

Source: finviz RED DAY
Source: finviz GREEN DAY

These two pictures clearly identify how the day is going.

I am going to explain some simple psychology concepts based on the type of day the market is having.

First know this, the media is controlled by large banks and huge institutional funds. They are the “game master” they can pump any type of news into the world to force the market to go a specific way which will ALWAYS be in their favor for maximizing profit.

If you open finviz and you see a red day. The market is crashing, most likely due to bad news or some type of panic about the Coronavirus and economy.

Following bad news, this next scenario holds true about 90% of the time.

Day 1, the market crashes. Day 2, people who didn’t have their stop losses popped begin to panic as they see their portfolios lose money. These people “Guh” and begin selling, and this causes the domino effect to crash the economy out of fear.

By understanding the psychology of these traders, you can do 3 things.

  1. If you purchased a call that is going upwards against the market trend, take the day trade.
  2. Buy puts on day 1 of the crash, because day 2 will be another crash.
  3. Wait till day 2 and buy calls, because the market will recover as profits become maximized.

If you open finviz and you see a green day. The market is being pumped up, this is most likely due to the institutions picking up cheap stocks and drastically limiting the supply which increases the demand.

Following a green day, this next scenario holds true about 90% of the time.

Day 1, the market goes up. Day 2, people see that the market is going up and they begin to buy in. Day 3, the market goes up again as the domino effect occurs (Scenario A).

Day 3 also has another scenario (Scenario B). The market went up really fast after day 2, and people begin to lock in their profits and they start selling.

By understanding the psychology of these traders, you can do 3 things.

  1. Purchase a call on day 1 and swing trade it the next day.
  2. Purchase a call on day 2 and day trade it.
  3. Purchase a put at the end of day 2 or 3.

Make sure to always check the VXX and SPY with respect to each trading day, because that will give you an edge in knowing exactly if the green day is going to follow scenario A or B.

Stay tuned, learn more, ask questions. Become a 6 digit survivor. Check out the live stream.

Get Started Today

Join my robinhood team and get a free stock here

Learn about my Indicators here.

Become a member and learn!

Newsletter Signup

Disclaimer:

I want to point out, I am not a registered investment adviser or broker/dealer. I am a highly profitable options trader who has been successful time after time, and I have changed the lives of many people through the art of trading on the stock market.

– Ken

The Key to Fast Tracking Your Wealth by Simplifying Your Mindset

by

I hope you guys are doing well today.

I just got off the phone with my mentor and I couldn’t wait to share this with you guys!

Are you ready?

This is one of the greatest keys to unlocking your wealth mindset.

I want you to imagine yourself becoming a 6 digit survivor. I want you to imagine making that $100,000 a year income.

Think about it for a second . . .

Now think about how much your life would change if you could hit that goal.

It may seem like a lot to some people, it may not for others, but this goal is realistically possible for most people.

Now $100,000 may seem like a lot of money. It may seem impossible for most people to reach, but lets simplify that goal.

Let’s begin

Let’s take $100,000 and divide that by 50 weeks. That equals $2000 a week. Now take $2000 and divide it by 5 days. That equals $400. So if you want to make $100,000 a year, all you have to do is make $400 a day or $2000 a week.

See how much simpler that is? $400 a day seems a lot easier to do than $100,000 in a year.

If your goal is to make $50,000 a year, take half of that. Only $200 a day.

If an average person can manage to make $120 a day with their day job, then they only need to make an additional $280 a day with a side hustle to make $400 a day.

In other words, if they make about $600 a week, then they only need to make $1400 more a week.

If you make $600 a week and your goal is to make $50,000 a year, that is only another $400 a week that you need to make from a side hustle or $80 more a day.

Heck, even a simple $100 more a week can change someone’s life, right?

My side hustle is trading options, and that’s what I am here to teach you guys. If you have been keeping up with the live stream, you would have seen that every single one of my day trades were flawless on timing. All the day trades yielded a minimum of a 40% win. That is a $400 profit for every $1000 traded.

The key here isn’t the dollar value. The key is learning the skill, because the dollar value will compound over and over again. Pretty soon, you will be doing less work, and making more money by applying the same simple skill. (You can learn the skill with the quick video lessons found here.

I’ll give you an example. Let’s say you trade a $2000 position with a 40% profit. With two trades in a week, you would make $1600, or $800 per trade in winnings!

Now, if you have seen the live stream, it takes me about 5 minutes to scan multiple charts. I can make a trade plan in about 5 minutes of analyzing a chart with a particular set up. Within 1 to 2 hours (set up a text alert on the chart to alert the stock price of a predicted exit [automation]) I can check the chart again and close the trade in another 5 minutes.

You see where I am getting at? With 15 minutes of “work” I can make a trade that yields $800 with a $2000 position. Talk about productivity. I am getting more results with less time.

As you get better at doing these types of trades, they get easier. Also, as you reach the $25,000 mark declared by the SEC, you will be able to make unlimited day trades.

And trust me, I see TONS of these perfect set ups on a daily basis for more than 10 possible day trades every single day.

Believe me, with more than 660,000 stock tickers, 10 trade set ups is a drop of water in a lake.

So again, how do I help you when you have a small portfolio?

Let’s reiterate the goal.

The challenge is to turn a small portfolio account into a large portfolio account, and make it easy for other people to understand. If I strictly wanted money, I could make 2 – 3 day trades a week and consistently compound the account.

However, I want to be able to trade everyday in this uncertain market so that I can have enough data to make it easy for you guys to master the art of swing trading and day trading options.

Hence, with the SEC limit of 3 day trades a week, I struggled for the first 2 weeks of trading trying to learn the swing trade pattern of the market.

However, I have been putting together a document with all the notes, techniques, and skills that I have learned during the past two weeks. ( This is a once in a decade period for me to learn how to trade in an uncertain market after a large pandemic. I have traded and won consistently in a bull and bear market, but this type of market is new to me.)

I am going to release a special report this weekend which lays out the ultimate plan to consistently win during this uncertain market, so stay tuned for the next report!

Stay tuned, learn more, ask questions. Become a 6 digit survivor. Check out the live stream.

Get Started Today

Join my robinhood team and get a free stock here

Learn about my Indicators here.

Become a member and learn!

Newsletter Signup

Disclaimer:

I want to point out, I am not a registered investment adviser or broker/dealer. I am a highly profitable options trader who has been successful time after time, and I have changed the lives of many people through the art of trading on the stock market.

– Ken