Wednesday night, Vivian and I got back from the sailing regatta in Long Beach, CA.
It was an amazing roadtrip:
We drove 3,586 miles = 5,771 kilometers!
While driving through the desert in Arizona at 115F (48C), I realized that …
There must be a new law!
And the law is “The Law of 3”.
When we planned our trip back from Long Beach to Austin, we had THIS plan:
1. Get out of Los Angeles and onto I-10
2. Get to El Paso
3. Get to Austin / Home.
3 easy steps!
And there are a million things that you need to pay attention to during a sailing regatta, but ultimately, it all boils down to:
1. Get a great start
2. Sail on the “lifted tack”
3. Have good boat speed.
And as I was driving down the highway at 80 miles per hour (YES, in Texas that’s the legal speed limit), I realized that …
I have been using THIS in my trading!
As an example, there are 3 things you need to success as a trader:
1. A proven trading strategy
2. The right tools and
3. The right mindset.
And when you think about the key elements of a trading strategy, then it boils down to THIS:
1. Choose what stock or option to trade
2. Know when to enter
3. Know when to exit (with a profit or with a loss)
Also, when using the PowerX Optimizer for the PowerX Strategy, I follow these 3 steps:
1. Run the scanner
2. Select the best stocks to trade (A+ trades)
3. Place the order.
And then I’m using the Wheel Scanner, I use the following 3 steps:
1. Do I want to own the stock?
2. Do I want to own it at the strike price?
3. Do I get enough money (premium) for the risk I take?
If you want to see my whole trading routine, you can check it out HERE.
Anyhow, I realized that …
I like the new “law”!
It makes my life much easier!
Tomorrow, I’m going to show you a few trades that I did this week. I’ll walk you through the trades step-by-step.
P.S: If you would like to know more about PowerX Optimizer, you can check it out here: https://bit.ly/PXO_TOUR