When to Exit Trades – and why I’m no longer eating apples and sushi

Since it’s Saturday and the markets are closed, let me share something personal with you – something that maybe you can relate to.

I’m now 52 years old.

And getting older sucks:

As an example, I’m not as flexible as I used to be.

When I’m putting my socks on, I need to sit down (YES, that’s very embarrassing!)

If I’m trying to put a sock on while standing on one leg, I have to start hopping to keep my balance and end up hopping right into the wall.

Very annoying!

Also, my weight has slowly been creeping up over the years.

I’m not obese by any means, but I’m clocking in at 215 lbs.

That’s not bad for a guy who’s 6 foot and 6 inches tall, but I would like to lose about 10-15 pounds. Because I noticed that I can poke my belly on one side and it starts jiggling on the other side.

I’m not a doctor…

… but I’m sure the medical society would agree with me that jiggling bellies ain’t good!

Interestingly enough, a few weeks ago, 3 of my friends – all around my age – told me that they stopped eating sugar in the beginning of the year and lost weight.

AND they also told me about some other “side effects” like…

  • feeling much more energized,
  • sleeping much better, and
  • thinking more clearly.

Ok, NOW I’m sold. I’m loving these “side effects”.

So 2 weeks ago, I stopped eating sugar but it didn’t do anything for me!

I didn’t sleep better.

And I wasn’t more energized.

And the only thing I was “thinking more clearly” about was tiramisu and banana pudding.

But I’m NOT a quitter!

During the steak dinner at Fleming’s earlier this week, Rory and Lacie talked about “Keto”.

In a nutshell:

It’s a “diet” that allows you to eat lots of protein and fat but basically no carbs.

And here’s how my brain translates it:

You can have all the steak, ham, bacon, cheese, and salami you want but you need to …

Stop eating fruits!

I’m sure that this is a very “loose” interpretation of what I heard but I like tricking my brain into thinking that it’s not that difficult.

Lacie recommended an app and said “Don’t upgrade to premium. You don’t need that.”

Well… whenever there’s an option to upgrade to “First Class”, “VIP” or “Premium”, it’s like telling a 5-year-old kid “don’t push that button” – DING! Upgraded 🙂

Thursday was my first day using the app to track my carbs. The goal is to eat 25g of carbs or less per day BUT

Holy Cannoli!

Did you know that the sushi platter that I ate had 119g of carbs?

And that an apple has 20g of carbs?

The app started yelling at me: “FAIL! You had 124g of carbs today.”

But yesterday went already much better, and I finished the day with 24g of carbs – 1g below the recommended 25g.

Why am I telling you this story?

It really reminds me of trading:

  1. Somebody tells you about it and how it works for them.
  2. It “sounds” very easy and you decide to give it a shot.
  3. And often the first attempt is a massive FAIL

And I think it’s the same as doing anything, even starting a Keto diet:

  1. You must have a plan or a strategy,
  2. You must have the right tools to help you, and
  3. You must have the right mindset.

So I PLANNED this weekend’s meals, entered them into the app to make sure that all my meals don’t exceed my 25g of carbs, and I know that I don’t expect miracles overnight.

It will take some time – same as learning how to trade successfully.

Ok, I need to go to the grocery store now and buy breakfast sausage, bacon, cheese, chicken, prosciutto, and some cauliflower and mushrooms.

While I’m doing this, why don’t you watch the video that I released this morning?

It’s called Wheel Options Strategy – When to Exit Trades, and it’s only 10 min long.

You can watch it here on YouTube:

Have a great day!

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