Show notes
Tony Pawlak’s story will either move you to tears or make you question your life’s purpose. He quit his job to trade full-time and failed miserably. I mean, he was losing money hand over fist, until the day he discovered a credit spread video by Real Life Trading. He now makes 8-10% on his entire account EVERY WEEK, by trading less than an hour a day!!! He typically day-trades options, specifically credit spreads with incredible protection techniques to minimize his losses. In this episode of How To Trade It, Casey talks with Tony about his 90% win rate…and that’s BEFORE hedging. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[01:05] What drove Tony to Options trading[10:43] Digging out of a deep, deep hole[13:56] Viewing Trading as a skill[14:47] The Credit Spread Strategy[18:05] Learning how much time Tony spends trading [20:10] The goal of Credit Spreads[22:35] A drawback to trading Credit Spreads[24:06] Hedges of protection[25:15] Understanding the S-Curve[27:43] Timeline to masteryIn the beginningTony was basically tired of working 60-80 hours a week, so he quit his job and decided to trade full-time, with no plan B. Unfortunately, he had a bit too much confidence in himself, his knowledge wasn’t up to par, his account size was too small, and he was just plain dumb when it came to the markets. He was chasing the dream and made huge mistakes that cost him a ton of money. He was losing it faster than he was making it. He took out loan after loan. He lost everything he had, then lost everything that he didn’t have too. It was a complete nightmare from the beginning. But…HE NEVER QUIT.Trading is a SkillYou don’t have to be special; you don’t have to be a genius…you just have to learn the skill. Tony had assumed th Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets. Talking Trading - Expert trading tactics so you can excel in the sharemarket.This is how traders and investors excel.Listen on: Apple Podcasts SpotifySupport the Show.Connect with Casey: Website: https://caseystubbs.com YouTube: https://www.youtube.com/TradingStrategyGuides YouTube: https://www.youtube.com/caseystubbs Facebook: https://www.facebook.com/TradingStrategy LinkedIn: https://www.linkedin.com/in/caseystubbs Twitter: https://twitter.com/caseystubbs TradingStrategyGuides.com: https://www.tradingstrategyguides.com/ Global Prop Trader: https://globalproptrader.com/ Email: [email protected]