So last night, we went to a steakhouse.
Rory invited us, and he said it was the best one around.
I enjoy a good steak, and my go-to steak is a filet mignon – medium-rare.
If I think back over the past year, I only had a different steak twice:
One of the occasions was a massive Tomahawk steak at the resort in Mexico where we spent a week with our Mastermind.
And the other time was at Charley’s Steakhouse in Tampa, where I had a massive Bison Ribeye steak – and I finished it all.
Anyhow… so last night, we went to Fleming’s steakhouse because Rory said it’s – in his words – “HOLY STEAKHOUSE”
I don’t remember if I have been at Fleming’s before.
My two favorite steakhouses are Mastro’s Ocean Club in Las Vegas and Charley’s Steakhouse in Tampa.
And I must say: Flemings was pretty good.
But when it comes to steakhouse chains, I think I prefer Ruth’s Chris over Flemings.
… which brings me back to trading:
Because people ask me all the time:
What’s the best trading strategy?
Here’s my answer:
It’s the one that fits YOUR personality.
It’s like steaks:
Maybe you like Filet Mignons – as I do.
Or you like ribeyes as Mark does.
Maybe you like your steak medium-rare, which is the ONLY way to eat steak!
… or you like it rare, or medium. By the way: If you say well done, you ruined it and we will NEVER eat steak together!
… or maybe you don’t like steak at all and prefer fish or lobster. That’s ok.
Because the same is true in trading:
We love trading “The Wheel Strategy” – and we’re doing very well with it. https://www.youtube.com/watch?v=BgbD5RXaFW4&list=PLBa3sAx-Io2kQMFb5UaY9mLx8kH7MOye0
But this might not be the best choice for you.
You have to find a trading strategy that fits YOUR trading style, account size, and personality when it comes to taking risks.
I’ll link to a video with a quick 15 min explanation of the Wheel strategy below: https://www.youtube.com/watch?v=dM-OFGhz0aU
Happy Trading,
-Markus