So let's talk about SRC
profits. We'll talk about what they
are, why you must have
them, and how to generate them.
So let's get started.
You see, here's what
I'm seeing, you're seeing all these
YouTube videos showing you
claims like this that there is
somebody who said, "I made a
$1,088 in profits day trading,"
or then there's somebody claiming
that they made
$1,253 in profits in three
minutes. Wow, look at this and
then there somebody says how he made
32,625 pounds in only
24 hours.
And you know what?
I believe that all these guys
actually did these
trades. But here's the deal when
you trade, you will
have a trade that is just going
perfectly.
Yes, there will be a trade
where you make a lot of money.
And for me, the question always
is, are these
SRC profits?
So let's talk about this here,
because if you want to trade for a
living, you must be able to
generate SRC profits.
So let's take a few minutes and talk
about this.
So here is what SRC
profits are.
The first, it's an acronym as you
have gathered and the first S
stands for systematic.
Now, I don't know about you,
but I want to make my profits in a
systematic way.
Yes, of course, you can make money
trading Tesla, let's take a look
at this, if you're catching it at
the right time. But you see, how
exactly do you decide when
to enter, and can you generate
these profits again?
You know me, let me come back to you
here, I like to trade what
I see and not
what I think. This is why I have
this special mug here that I have on
my desk that tells, reminds
me all the time to trade what I see,
not what I think.
See, that's why I use indicators.
That's why I have a trading
strategy. Let's actually go back to
the screen, systematic way means
that we have a trading strategy
that tells me exactly what
to trade, it tells me exactly
when to enter, it
tells me exactly when
to exit and sometimes you exit
with a profit and sometimes, yes,
you do exit with a loss.
Losses are part of our business
as a trader.
In short, I have
a system.
I love to trade
based on rules
and not based on
my gut feeling, because whenever I
traded based on what I
thought, it only worked
for a little bit. When I switched to
trading what I see based
on science, based on probabilities,
based on rules, that's
when my trading turned around.
Is this making sense thus far?
OK, so let's move on and let's
talk about the second point.
So the second point here is
repeatable.
So that's what the R in SRC
profits stand for.
Now, without a system, it will be
difficult to repeat the profits.
Now, think about it this way.
Let's talk about Tesla again.
Let's say that you caught Tesla
when they announced a stock split
right here on August 11th,
and let's say during this run
you made 30% in a matter
of a few days, or maybe
you traded options and you made
1,000% in a few
days. Can you do it again?
Well, you see, if you rely
on the next stock split then you
might have to wait a few years.
Think about it this way, is it
better to generate $10,000
on a single trade, or
is it better to know
how to make
$500 every single week?
Now, I'd rather trade a system
that's generating $500
per week consistently
than relying on the windfall
profits. Yes, these windfall
profits will happen in your trading
career we've just talked about it.
And it's nice when it happens, but
I wouldn't rely on it.
Is this making sense?
Because here, take a look at this.
If you can generate
$500 every week times
52 weeks, so that's
$26,000, so that for
me is better than being able
to generate these windfall profits.
Now, but this brings me to the next
point.
The next one is consistent
profit. I want to make sure that I'm
getting consistent profits.
Let me give you an example here.
Would you rather have an
equity curve like this,
right? Or like this?
You know what an equity curve is?
An equity curve is charting your
account, of how your account is
going. See, both of them are
making money.
So this here, you start down here
and you end up here.
This one, you start down here and
you end up here. Now, I don't know
about you, but I wouldn't want to be
on this roller
coaster. Even if this roller
coaster would make me more money
than this I wouldn't do it.
Yeah, that's right.
I would rather make slightly
less money but still
have my hair instead of pulling it
out with that equity curve here,
let me show it to you again.
And you see, I'm not a nail biter
but if I had this equity
curve, this roller coaster,
I would probably bite off all my
nails.
You know that there's some traders
who are doing exactly this.
OK. Now, you know what SRC
profits are and you know why
you need them if you want
to trade for a living.
Let me ask you this, is this making
sense at all? If it is, do me a
favor and click on like because
this way I see that this video is
resonating with you.
And let me know if I'm going too
fast, just click on like
right now. OK.
Let's move on and let's talk about
how do you generate these
profits.
These are the things that you need
in order to do this.
So the first thing that you need is
that you need to have a trading
strategy or trading
strategies. Well, the strategies
that I use are based
on indicators and probabilities.
You see, I know exactly what
to trade, I know exactly when to
enter, I know exactly when to exit.
I know my risk, I know my potential
profit, and I know my odds
of realizing that profit
or loss.
If you don't know my trading
strategies yet, I'll link to it
in the description, but let me
briefly mention them to you.
So my bread and butter strategy
is the PowerX Strategy.
And yes, I have written a book about
this, if you want this book I'll be
happy to send it to you for free.
Just pay for shipping and handling,
which is $4.95.
Link in the description.
Anyhow, this is one of my trading
strategies. Now you know, during
the pandemic I was trading
a strategy called Theta Kings.
This was perfect as the markets
were crashing, also for for the
PowerX Strategy. So if you're
interested in this, I have the book
and I have a website
that is called MyTradingRoutine.com,
and I'll link to it in the
description here as well so
that you have these resources.
Now, another trading strategy that
I'm trading here right now
is a trading strategy called
The Wheel. And I know that you're
probably trading it with me.
And I don't want to go into
detail here because I do have
a playlist in which I
explain this strategy
in detail.
So I'll link to it in the
description, we have a whole
playlist with many examples here.
Anyhow, let's move on.
What is the second thing that you
need to generate these SRC
profits?
Well, I am using
tools that make my life easier.
You see, I know my odds.
I know my probabilities, I know
what to expect and I couldn't do all
these calculations in my head.
This is why I'm using tools like the
PowerX Optimizer that helps me
to find the best stocks and options
to trade. So here is the PowerX
Optimizer that shows me for
any given stock what is
the signal, what is the position
size, how much should I trade, how
much money can I potentially make,
how long am I in a trade, so
all of this information here.
And this is important to me.
So this is why I love
to have tools.
So the tools that I personally use
is the PowerX Optimizer.
And for The Wheel strategy, for
example, I use the wheel
income calculator.
Let me show this to you.
So this is my income
calculator that I'm using for
picking the best stocks and options
for The Wheel.
You see, I need to make sure that
I'm getting the very best trades
for my trading.
I personally would never
trade without the right tools.
It's like trying to compete in
a Formula One race with
a Toyota Prius.
I mean, nothing against a Prius, but
you won't win a Formula One race
with it. And when trading your
trading against some of the smartest
minds in the world.
Don't bring a knife to a gunfight,
have the right tools.
So finally, number three,
what is the third thing that you
need here? It is the right
mindset.
What do I mean by this?
You see, when trading there will be
losses and you need to know how
to limit your loss because otherwise
these losses will be devastating.
Who knows here what I'm talking
about?
You see, you need to know how to
control your risk.
Take care of your losses.
The winners, they can take
care of themselves.
Now, here's something to remember
and I want to write it down because
this is super, super
important.
Trading is a marathon,
not a sprint.
So super important and here's
why, good for you if you
made a $1,088
in profits in day trading.
Good for you if you made
$1,253 profits in three minutes.
And you know what? Really, good for
you if you made $32,625
during the coronavirus in 24
hours. But let me ask you this,
how much money did you lose
before that?
Well, how much money did you lose
right after you made these profits?
Did you give it right back?
You see, I see too many traders
being blinded by these windfall
profits.
By these "Hey, look at me.
Look at what I did" stories and they
don't see the full story.
This is why I'm doing this channel
here to show you the full story.
Yes, we can take a look at my
accounts here in just a moment.
You see, but when traders don't see
this full story, when they just see
this "look at me" stuff, they
just start chasing these dreams and
they lose a lot of money along
the way. You see, for me personally,
I prefer SRC profits.
Trading is a marathon,
not a sprint.
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