Yesterday, Vivian and I arrived in Germany.
After we landed in Frankfurt, we boarded one of the high-speed trains to go to Leipzig and visit my brother.
As you know, I travel A LOT.
I love traveling! 🙂
And I love spending time with my kids – oh yes… on Friday, we will visit my son Julius who’s spending his summer in Germany working on the CERN project. More about that later.
Anyhow… back in the days, when I started trading, I was focused on DAY TRADING.
And I spend several hours a day sitting in front of the computer, watching quotes and placing trades.
It was “fast and furious”
I often opened and closed a trade within less than a minute and made hundreds of dollars.
It was great – BUT…. when day trading, you need multiple screens, a super fast and reliable internet connection, and several hours a day.
So as you can imagine, THIS is getting challenging when traveling.
That’s why I focused on a SIMPLER way to trade
As you know, these days, I’m SWING TRADING stocks and options.
This made my life much easier:
- I only need 30 minutes per day – sometimes even less
- I don’t need multiple monitors and
- I can use the crappiest internet connection and still place trades – YES, even on a plane where you have the worst connection ever.
I am making money while I sleep 🙂
- When trading “The Wheel” strategy, I’m selling options.
This means that time decay is working in my favor:
Every day – actually: every hour! – the option loses value.
And since I sold the option and need to buy it back cheaper, THIS is working in my favor.
- Immediately after selling an option, I place an order to buy it back at 90% of the max profit.
This order is sitting in the market and works for me, even when I’m not in front of my computer.
And that’s what happened yesterday:
While I was on the high-speed train, I connected to the slow Wifi, opened my trading platform, and glanced at my open positions.
Everything is going VERY well, so I closed the computer again and watched the world fly by at 180 mph.
Eventually, I got tired and I took a nap.
When I woke up from the nap, I saw a notification that my FedEx (FDX) trade closed at 90% of max profits.
That was a trade that I opened on Thursday!
(I told you about it on the weekend when I sent you an email with all my trades from last week, remember?
And just 4 days later,
I closed the trade at 90% of the max profits!
How’s that for making money while I sleep?
(Well, technically “napping” – but you get the idea :-))
THIS style of trading is perfect for my lifestyle.
After all, I am trading to have FREEDOM and not be glued to the computer!
Alright, time to head over to my brother for some GREAT German breakfast!
Oh, and have I already told you about “Sunny”?
Well, this blog is getting long, so I’ll do that tomorrow.
PS: I couldn’t trade the way I do without the PowerX Optimizer. THAT tool is a game-changer for me!
If you are serious about trading, “making money while you sleep”, and have a great lifestyle, you can get more info about it here: