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The only way that you can make this kind of money in the market is by learning how to structure your positions, how to manage them on a portfolio basis, and how to adjust them when necessary.
You never have to get hurt. You never have to watch the market every single day, if you don’t want to. I say you should check maybe once a day, just to see how your position is going, when you go into adjustments and the big picture, in that video. The important thing to remember is that we are trading with confidence, because it doesn’t matter what the market does. We’re going to be ready for it.
That’s the thing that I want to convey to you, at this time. Manage your portfolio. That is the entire key to success in the markets. I’ve told you my story. 20 years ago, I started trading stocks and options. I had some early success. I was putting on bull call spreads, but the market was in a tremendous bull market, at the time. I was making money, week after week. $1600, $2000, every single week.
At one point, I had some put positions. I was up $32,000 on my account. My broker, at the time, was Kitter Peabody. This was back in 1987, maybe. My broker called me to say, “Hey, you might want to get out of these positions, because the market is turning.” I said, “No, I’m going to hang in there for a little while.”
Within 2 minutes, the market started rallying up on my position, and I lost another $12,000. I did close them out, but I lost $12,000 on profits, because I waited 2 minutes. My broker called me and said, “You better get out.” I would have had $32,000 at that point. I waited 2 minutes and lost $12,000.
After that, I thought I could do no wrong. I had been in a bull market, I had bought puts at the right time. I made money on the way up, and made money on the way down. I thought I could do no wrong. I bought $16,000 worth of puts, because I thought the market was going to continue lower. That just about wiped me out.
In fact, Baron’s, the newspaper, came out over the weekend. It said, “This must be the market bottom.” It was an actual article about my purchase of $16,000 worth of puts. Baron’s came out and said, “This must be the market bottom, because a retail customer just came out and bought $16,000 worth of puts.”
That was me. That was back in July of 1986 or 1987. I lost my shirt. I lost every penny that I had. It took me a long time to figure out how to really make money in the markets. I will tell you, with confidence, how to trade with confidence. Once you lose your money, you lose your confidence. The only way to get it back is to learn everything you possibly can about the markets.
That’s what I did. I learned every possible thing I could learn about the markets and about options. If you want to make money, this is the only way I have found to make reliable monthly income from the markets, and how to build wealth over the long term. This is the kind of stuff that you can hand down to your grandchildren, and it will still work for them, as well as it works for you.
This is the kind of stuff that you can hand down, as something that is so secret that only market makers, who are extremely successful, have ever learned about these markets. This is the kind of stuff that would go into vault, just to make personal copies about yourself, and put them into a vault. Put them in a safety deposit box at your bank. Believe me, your children and their grandchildren, and their grandchildren, are going to profit from these strategies. The same strategies that you are going to be able to profit from now, they are going to be able to profit from 20, 40, 100 years from now. These will never change.
The great thing is that these kinds of strategies have really come to the forefront in the markets. I wouldn’t say the forefront. I would say that less than 1% of all traders even know how to do this. The market makers have been doing this for years. Now, it’s possible for retail customers like us to be able to take advantage of this.
Retail customers, in general, are not going to even understand these types of positions. They think price is the only way to profit from the markets. Price is going up, price is going down. I buy puts if it’s going down, I buy calls if it’s going up. I buy stock if it’s going up, and short stock if it’s going down.
Price is not the only way to profit from the markets. In fact, it’s probably the least effective way to profit from the markets. The kind of positions that we’re talking about here, are the kind of positions that you can put on, that don’t take all of your time. You can put them on, you can let them go, adjust them as necessary, and make a great monthly income from them, and build wealth out of them.
There are very few people who understand this, and can teach it. That is my goal. My goal is to provide you with the very best training, the very best tools, the very best understanding of building these types of portfolio positions, managing them, and adjusting them as necessary, so you can draw that monthly income and build wealth.
Trade with confidence.