The Never Ending Changes In Trading

I‘ve learned overtime that life is constantly changing in all types of directions.

Life consists of change all the time.

So is trading a never ending game?

It is, and it’ll always be that way.

Life is never permanent, no matter where you stand.

The same meaning goes when it comes to trading in the market.

Maybe not with long-term investments, but trading for sure.

Trading is a game of constant change, so why not get used to it now?

That’s what I want to discuss in this post.

Investing Vs. Trading Thoughts

When I first got into trading last year, I knew I had to get out of the long-term investor mindset.

You know, it’s following the traditional “buy and hold” investor perspective.

If you invest in a company’s stock for the long-term, it’s possible to get a nice long-term return on it.

However, there’s no guarantee you’ll get the best returns possible.

It’s why the investor mindset is more of a “buy and hope” strategy. I don’t like thinking of it that way.

But with trading, there’s constant change happening all the time when the market fluctuates.

For traders, particularly with the day-trading route, you have to constantly looking at the charts all the time.

Now that’s what I try to stir away from because I hate day trading by all means.

There’s no way I’m going to be in front of a computer for 7 hours a day and glued to the charts.

That would make me miserable and extremely anxious, especially if I lose a lot of money in one day.

Losing hundreds, if not thousands of dollar a day wouldn’t make me sleep well at night.

I’d lose lots of sleep, fearful and dreading the next trading day.

It’s not the best feeling in the world, and it’s why I don’t like being in that change type mode when it comes to day trading.

But day trading is what I don’t do at all. What I’ve been doing is trading options, which requires less time to do each week.

While change is constant in trading, it doesn’t mean I have to risk losing money.

Trading weekly options means I have to adjust based on where the market is at.

But at the same time, whenever I make a trade in selling options, I get a premium (interest payment) in return.

At the end of the week, if all goes well, I get the collateral I put in earlier to use for the following week.

If it doesn’t work out, I may have to extend the position out longer. But, I get paid more in interest just by extending it out.

It really is that simple.

That’s if you follow the framework in the trading program I’m part of.

It’s what I do by focusing on achieving 1% in weekly returns. As much as that doesn’t sound like much, it does for the long-term.

If you want to get a better understanding of how it all works, I have a neat tool that you can start using right now.

I refer to it as the “Millionaire Calculator”, where I see where 1% in weekly returns can take me in 1, 5, 10 year, and beyond.

It’s very powerful when you put it into play, and it helps with your future planning.

I find it very useful, and even addicting at times. If you want to check it out yourself, check it out here and start playing around with it.

Plus, there’ll be other bonuses you get when you sign up for my email list.

Until tomorrow,

-Eric

---

The Never Ending Changes In Trading was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.