all right so I want to show you one of my favorite T at rates today's Wednesday the 24th of June 2020 and the markets been open about a half hour here this is what we call a zero day to expiration trade and I do these alternatingly on the SPX and the EES which is the S&P e-mini futures contract also will use the Nasdaq from time to time there's some nuances and differences between using the SPX which is the underlying S&P 500 versus the futures on the S&P 500 we'll get into that a little bit later but the key with this process is that if you look at expiration dates you'll notice if you look at the dates taking out that quarterly one right there that quarterly option they all expire on a Monday a Wednesday and a Friday Monday Wednesday and Friday and this is referred to as a zero day to expiration trade or a zero dte trade so it's just a one day trade I'm going to get into it today I will be out of it by 2:00 p.m. at the latest Mountain time probably 1:30 probably a half hour before the market closes and the idea on this is to bring in about $3,300 each trade so $3,300 on Monday on Wednesday and Friday try to bring in about 10 grand a week off of this trading system and we're gonna look at today's trade there's a couple of rules that we'll get into obviously I just want to sort of whet your appetite for this a little bit here it is an iron condor that we trade on this strategy we don't always put in both legs of the iron Condor it depends on what the premium pitcher looks like and what the market happens to be doing so you'll notice that the market is selling off a little bit right now I generally are going to wait until about 8:30 in the morning so about 1 hour into my trading day to let the market sort of find its footing find where it's going to be direction wise so this is a trade that even though it's a one-day trade you be patient with so again I I have about a half hour still of letting this market sort of find its way find its footing for the day we are gonna look at selling the short legs on this trade around a delta of five okay so around a delta of five that puts us at a probability of about ninety ninety-five percent on this particular trade so we're gonna wait here for just a little bit longer we're gonna then look at defining the spread the spreads on these very they're gonna vary from as short as maybe 20 points to as much as 50 points in difference right now it's looking like about a twenty five point spread is going to be the optimal setup here that could change obviously in the next half hour as well so we're gonna get here in a half hour and take a look at this trade and put it together it's about eight ten and I'm starting to see just a teeny bit of support here come in to this sell-off that we're getting starting to see some things give us a little bit of a bi indicator so I'm going to jump in here maybe just a little early on this trade and I'm gonna leave the call leg out I'm gonna remove the call leg out of this with the hope that we might get a little bit of a rebound here in the next hour or so and I can put that call leg in add a little bit bigger premium and so I'm looking right now at just putting in my put leg of this this would be about a hundred and twenty five thousand dollar trade so this is a hundred and fifty thousand dollars in this particular account that I trade this strategy with I use a hundred and twenty five of the 150 to trade with this strategy that gives me some dry powder to make adjustments or anything that I would like to do in terms of adding to the trade and so I'm coming down here just a little bit below where I usually sit there's one my trades that just went through this is where I usually sit is about a five Delta and I'm a little bit below that and so we'll see if I need to move that up just a little bit in fact now I'm gonna leave that there for right now a nap price is 40 cents I'm gonna try to get 50 cents on this trade that would bring me in about $2,100 and that would be more than halfway to where I would need to be or want to be on this trade so I'm gonna send that at 50 cents and I do get filled at 50 cents so there's $2,100 of my $3,300 that I'm trying to extract out of this trade on a daily basis I'm gonna give this trade maybe another hour or so somewhere in a half hour to our range see if we can get a little bit of strength coming back in here and then we'll come back in and put in the call leg okay it's about nine o'clock mountain time and I usually don't like to wait until well very late as 10:30 mountain time but generally 9:30 mountain time it's about a half hour from now to put in my other leg I believe that the SP the SPX was down 36 37 points something like that when I put the put lake in originally and it's continued its sell-off here actually I hit that bottom almost perfectly and probably should have put my call again right up in here but I didn't and it's continued to sell off here so but in about 36 37 points down and we're now down about 55 points it's trying to find some support here the indicators tend to look favorable and so I'm hopeful here that I can still get some decent pricing put in on my colleague but I did want to show you on this trade the way that we manage ease the thing that makes this trade work is the stop-loss it is all about the stop-loss that is the number one profit driver in this program and I will just tell you without a automatic stop-loss in this program you will go broke and so it's absolutely critical and there's a couple of ways that you can do this now again I trade on the tasty works trading platform and every brokerage firm is going to be a little different in how you put in your automatic stop losses but just to give you a little bit of a primer on this we're looking at using a stop loss just on our short leg so we're just using our stop loss on our short leg and so if I highlight that right click I can go to what's called bracket and I can build a bracket order now you can see on here the reason they call it a bracket order is because we can simultaneously put in a stop loss order and a close up profit order so that this trade basically autopilot itself so you can see here that there's the order that we're looking at I got 43 contracts short of this 30 15 strike price put zero day obviously and it was we sold it for 72 st. credit now remember I think we brought in a total credit on this foot leg of 50 cents of course that's remembering that we had to buy these 2985 so again we're just looking at a stop loss on the short leg that's the only thing that we're looking at here is a stop loss on the short leg so I brought in a credit of 72 cents on that and it's down right now it's a trading at about a buck 10 or so and so we're gonna put in a stop loss and we're gonna put in a profit target now the stop loss trigger on this is going to be about three times whatever our credit was so I'm gonna ramp this up here to about 210 or so right in here 215 220 probably right in that range there and you'll see that that stop loss percentage equals about 200 percent so I go up three times and that's a 200% loss this is a trade that works about 85% of the time and so I'm willing to lose basically double what my credit was on this if it doesn't work and that still leaves me with a profit hopefully when everything is setting down when all the dust settles so I'm gonna have a stop loss of 200% that means that I would trigger out of this trade again what we brought in a 72 cent credits trading for about a buck or so right now and I would trigger out of this trade if it hit two dollars and 15 cents now I also want to simultaneously that's why it's called a bro Packard order want to simultaneously put in a close up profit so if this were to drop let's say from that $0.72 level oh let's say down to fifteen cents that would be about an eighty percent profit target that would allow me to book eighty percent the profit a lot of times folks I'm getting out of this trade booking forty percent of my profit potential but we'll just for example put this in here at about eighty percent if I review this you can kind of see those numbers again so again I'm looking at trying to bring in probably about four thousand it looks like today total on this trade and I would risk losing about six thousand and then we're going to show you how to mitigate that a little bit more with the remaining long call leg that are a put leg rather that we would still have it in place but there's my stop-loss there's my take profit order I'm gonna go ahead and send that order and that then automatically will let this thing run for us and we don't have to sit and watch it so I am very close here it's nine o'clock and it doesn't just trying to find a bottom here but we'll see here in the next twenty or thirty minutes or so what I need to do on the call like hopefully we can get a little bit of a bounce here okay the market sell-off is continuing here we can see that drop is continuing to take place and if you look at my activity my stop-loss got hit I got out at that two fifteen or excuse me got filled it my stop-loss was a to fifteen that's when it triggers that's when it opens my sell order and I exited at 2:25 so now if you look at my position here all I have open is that put Lake that is the one that we own so I'm going to show you now as we accelerate to the downside here what we're going to do with this so you can see there's our open position right now I've got the forty three contracts of the twenty 95s that I own step one here on this position so now we're down yeah yeah let's close that up now we're down about $4,000 on this position so what do we do to recapture that how do we adjust that we can see that the market is continuing to sell off here that's going to be beneficial for that put leg now that we own step one here though I'm going to go ahead and put in the call leg on this and I'm going to come up here a little bit deeper generally we're going to do a 5 Delta position we'll look at doing about a 13 Delta on this and let's see what we can get price-wise on this so I'm going to ramp this up see how many contracts I have on the put side 43 on the put side try 36 on the call side that would be me about 66 hundred dollars in premium coming in on that call side at the mid-price give that a shot let's see if we can get a dollar 60 on that or not little ways off bring it down to 150 so there'd be about $5,200 if we could get that that's looking closer I've got a price of 150 and the mid price is 150 so I'm probably just maybe a few cents away I'd be 50 $100 right there this mark is still selling off we get that so about $5,100 there okay so I've got my call leg in now which brought in $5,100 so I got $5,100 a potential profit here I'm sitting on a 2,000 dollar loss now on the put leg and we're going to now work with I'm gonna watch this market here if we can continue to sell off we'd be able to do something with really cool with that pull egg that could add even more additional profit alright we are back at that 9:30 hour and see maybe a little bit of strength coming back in here right now so we'll see we're down 73 and now our position if you look at it sort of an interesting position here I've got just this put leg in here let's clean these out there we go so I've got my call leg in here that we put in that brought in a lot of premium this is where we're at right now obviously and then I've just got the open put legs that I own right now and we were hoping that would continue to slide down here it did slide down a little bit more and it gave us a little bit extra in terms of what this was trading for and that's what we wanted we're seeing a little bit of strength coming back into it now I'm gonna go ahead and put that short leg back in again but I'm gonna slide it way down so I'm gonna put it down in here around the 2995 level I'm gonna do 43 of those add those back in 43 there we go that will bring in about $5,100 if we could get that one 20 pricing shows 115 now shows 110 let's see if we can get that be 4,700 bucks send that replace let's come down to 110 might leave it at 110 for just a little bit here yeah we get that feel so there's about another 4,500 bucks in on that trade so now we're back in again with a fairly full iron Condor on this trade you can see that we're a little heavier on the call side than the put side that's just sort of reflective of the sell-off that we have been having and no stop losses I don't have any stop losses in it at this point so we need to start putting some stop losses in here and I'm gonna do that here momentarily I need to balance out my Delta for just a moment we got a negative Delta of about 217 and so that's I'm going to add to the put leg here to sort of bolster that and I'm looking at at in about 28 contracts here to the full leg that we already have existing that it actually increased my buying power by just a little bit because it is making it more delta-neutral bringing about another thousand or $1200 somewhere in that range depending on the price that I get so I'm gonna send that work that trade just a little bit here should get somewhere in that 40 range idea extra thousand dollars there in income we take a look at the market its continuing that slide down ever so slowly but it is continuing to come down I look at my position you can see a little bit better on my Delta I'm not quite delta neutral still need it to come down a little bit more I'd like to balance that out a little bit and the way that I'm gonna balance that is by adding another pull leg into it down here on the bottom now showing mid price at 60 cents I'm actually going to price this at sixty-five cents which this order is not going to go if it did go obviously that'd be about fourteen thousand that's the pretty much the remainder of my buying power on this so after this trade I'll have to either close something to readjust something but that would bring in close to thousand dollars in additional income on the trade I'm gonna send it at sixty-five cents it's actually showing a mid price of 65 now so I'm gonna raise that to 70 cents and let it just sit there and if it feels it fills if it doesn't it doesn't but I'm just gonna let it sit there at 70 you can see right now the markets showing about 60 I'm at 70 so we'll see how that works we'll see what happens going forward okay didn't take long it filled at 70 so now I've got this additional quote leg in here again showing right now about $4,000 loss $8,500 credit so we're well positioned to bring in more than my goal of 3,300 by the end of the day pretty darn close now we are Delta positive now with that trait having gone through so we may be able to add some to the call leg here as well we'll take a look at that in just a moment sell-off continuing here so I am going to go ahead and put in a call leg an additional colleague up here I'm gonna sell some 30 90s and buy back some 31 tens you can see again because that gives me a negative Delta it actually increases my buying power would bring in about $600 if I was able to get that mid price so we'll see what we can get Phil wise here fairly close I would imagine try 75 cents I bring in 571 dollars and that feels so now we're down 93 so you can see this is a big down day on the marketplace and that selling is accelerating got a little bit of a positive Delta here so that would be sort of boating for a rebound showing down about 50 707 while it's bouncing around obviously down around 7 grand on the day with about 12,000 dollars of extrinsic value there so these two will obviously need to balance out here at the end of trading today we'll see where we end up here we'll come check back in in a little bit 1030 mountain time about right now three three and a half hours or so left in the trading day and we're starting to stabilize here a little bit you can see a little bit of a bounce coming back into this just now getting into the profit zone just barely cracking and see our open profit loss is about six grand but of course we took the loss on that initial leg just breaking into the profit zone about five thousand dollars of extrinsic value there so looking pretty good not quite halfway through the trading day but looking pretty good to hopefully be able to bank my thirty three hundred dollars which is my goal on these daily trades we'll check back in in about an hour so it's about eleven o'clock mountain time so it took about three hours left in the trading session market is stabilizing and coming back here now and so again this is really a treat just about monitoring your Delta now we've got a little bit of a short Delta going on here I do have about five thousand dollars or so of my available buying power that I would be able to use up runnin out of the day right now about 11:30 probably going to be the latest that I could put a trade in now what I want to put in some more puts on here to just sort of balance that out of course you can see here the this is the two legs that were in between right now got some short calls here and some short cuts and again activity wise the very very very important part of this trade is managing the trade through an automatic stop-loss and I've got that in place here right now on both that call leg you can see there's the call leg right there and then there's the pull leg right there automatic profit taking on it automatic stop-loss in place stop-loss is essentially three times what I got into the position four so if we just like we could take a look here at this foot leg you can see that got in at about a buck twenty nine so about three ninety is what I've got that stop-loss in at on that but automatically so that it is autumn autopilot may look here we're just now getting into the profit so this is about the day you know about midway through the trading day if you've managed this trade correctly as when your profits should start to show up now we're showing it about fifteen hundred dollars to the plus side you know like to get out around 3,300 if we could got another 3300 potential just sitting there you rarely get all of it you rarely get all of it but we will continue to watch this I might look here just in the next 10-15 minutes to put in an additional put like here try to balance out that Delta just a little bit yeah I think I'm going to throw another couple of put legs on here this would be about my max buying power that I have about forty seven hundred dollars buying power it's only gonna bring in about 175 bucks it's more about really balancing the trade out than it is the hundred and seventy five dollars but showing mid price thirty cents I'm gonna try to get twenty five and I does sound like I get that field right away there we go at twenty five so we're pretty now pretty well balanced I think going into the close for the day we will start to take profits generally speaking about a half hour before the market closes unless something crazy happens here and we need to make any further adjustments on this okay it's about 11:30 you got about two hours in my trading day again we want to generally generally speaking close these positions out about a half hour before the market closed so good about two hours until that point you can see our SPX position now showing about $2,200 $2,300 of profit so we're working our way there you know to that $3,300 level that we want to be at start at about $2,800 of extrinsic value out there so plenty of juice to get us there as the day winds down pretty darn happy with our Delta position right now almost impossible to ever stay completely delta-neutral when you got a market that is swinging around so just with so much volatility like it is right now but that's pretty darn close you can kind of see I guess if we look at it in a curve that obviously looks like a mess I got all kinds of call positions and put positions on here of different and varying strike prices obviously the important sitting were in the cash flow zone right now and then the big thing and we'll get into this more in detail as we roll this kind of concept and trading idea out for you guys is the stop-loss is the automatic autopilot control of this where we set the loss right up front that we are willing to accept in this trade and that's just automatically set in there you can see we look at maybe history-wise yeah you can look at that too a lot of trading activity in this today right now again we would show that we'd be up about fifty three hundred dollars on the day if we closed right here we won't be there we won't be there because we will be closing some of these positions out prior to expiration we are a couple grand right now and so we got a couple hours left and we'll check back in in another hour a quick update here it's about noon I got about an hour and a half left of my trading day so I need to sell off again a little bit here and my profit target on that call leg automatically clicked for me so that's a trade that we put on way back in here see where the eights are there we go it put it on and and took it off at that 20 cent profit and that was an automatic feel so we've got some positions working here got my automatic order for stop-loss sitting there on my puts and we're working our way closer to that we'll see we're showing about $2,300 close all these darn things up here you can see it a little bit better showing 26 now it's obviously obviously bounces around here into the close so 26 28 whatever whatever number that is showing two or three grand in profit right now on the day about 2500 of extrinsic value still sitting there and now with you can see taking the profit on that one leg our risk graph has changed a little bit still pretty darn well positioned here going into the close probably come back here in about half an hour look at it so with that stop-loss taking me out at a profit on my short call leg that was up in here I'm gonna go ahead and try to go ahead and close out this long one and just see if I can capture any remaining value out of it it does show it's got a bit of five cents still I don't want to hold on to that going into the close because I don't think that it's going to be a profit driver for me I don't think that the markets gonna shoot back up here that entire way and so I'm gonna find out right there and just see if we can get anything for it I don't know if we'll be able to or not it's showing a nap price of five I mean that better give me 36 bucks back so there we go look to that okay it's twelve eighteen and my take profit target triggered on those shortcuts so you can see I've closed out or they've been closed out for me already not about thirty-nine hundred bucks up on the day I now I need to decide what to do with these 71 contracts of the long 2985 puts that I own do I think that they're gonna come back down there is still I believe a little value in these let's see what I could get for them yeah there absolutely is I could at least get 15 cents for those so I could sell those and get $1,000 back on that the question is do you do it and do you think you can get more than 15 cents let's see we're at market seems to be stabilizing down here I think I'm just gonna go ahead and take the profit that I got on that and close those out at 15 cents okay there we go get that money back I got a partial fill I only got five of them filled five of the 71 ah so it's one two give me ten cents is what it's trying to give me there we go got the rest of it okay so I've got that cleared out and let's just see quickly now what it leaves us with here refresh that okay there's our current situation we can look at that now in the curve you can see this is I would say yeah it's probably a pretty typical day of trading this strategy as you spend the first half of the morning throwing your positions in place and getting them on and then the next half of the day taking them off we're still really well positioned right there I really like that because now you can see we're up about four grand on the day I still got about four hundred dollars five hundred dollars of potential profit coming in and if we look at our short strikes there's my short foot strike there's my short call strike we're not going to have to move up about 40 points on the upside to threaten my call leg have to move down about probably 30 points before I hit my strike price or hit my stop-loss on that so they are tight they are tight and I'm not gonna be greedy here we're showing about $4,000 profit now at about five hundred dollars of potential profit left in that about an hour and a half of trading left for me man if I could squeeze another one or two hundred dollars out of that I would be really really happy on the day you don't want to risk throwing away a four thousand dollar profit to try to bring in an extra couple hundred bucks just because you were greedy on the day so we'll watch that it does seem to be fairly stable here and so I'll continue to watch this here again I generally want to be out of all these positions about a half hour before the market closes so I've got just a Titch over an hour to go to decide what I want to do with the remainder of this trade 12:30 mountain time one hour left in the trading day for me hour and a half in the actual session market session but again I want to close it out and half hour before the market closes that's one gamut really starts to kick in and that's when crazy things happens I left last half hour of trading and I've closed SQUOZE squozen squeezed I have I have extracted pretty much most of the profit potential of this trade right now as you can see about $300 of extrinsic value still sitting in there if you look at the positions here again it's always nice to always like to look at it graphically we're really well positioned right now you that's tough to do throughout the day again the first part of the day was positioning ourselves the second part of the day was taking positions off to try to keep that delta-neutral positioning going on we're really really well positioned right now going into the clothes if you look at your positions you can kind of see where that $300 of remaining and profit potential is sitting this put leg right here this spread down here there's nothing left in that I've got thirty dollars of value in the ones that are still extrinsic value but this one is thirty dollars to the other side so that's a zero there's no value in that leg whatsoever this put leg has a little bit of value there you would obviously take the 175 out of the 350 so you know you got another 150 or so dollars of potential value sitting in this leg and we've got what couple hundred dollars one hundred and eighty dollars or so of potential value in this leg as well so again I would take this leg off but it's just gonna cost me money to do that probably a debit of five cents and it's showing me a credit we need to do that as a debit I don't want to go pay a hundred bucks for nothing so I'm just going to probably ride that one in to expiration date and probably look at closing both that put leg and that call leg here again depending on how we go we might be able to ride it through to expiration as long long as it's stable here around the 1:30 hour up about 4,000 so far with another four hundred dollars of profit so again about one more hour of trading this and then we're done for the day it's 120 about done with my trading day for the day we are starting to bounce back right now so I want to go ahead and close out this call leg and just remove the risk from that particular leg see if I can get out at a debit of 20 cents I might have to go 25 on that let that sit for just a moment okay I got a feel on that I had to maneuver that around quite a bit I had to leave that long call leg in place I just couldn't get it filled otherwise and I got that short leg filled at 10 cents so that ended up being a nice trade I think there's the 36 that we originally put in about a buck 45 and it got out at a 10 cent debit so that ended up being a nice trade as we look over all here let's pull let me pull this down just to the well we can just look right here here's the SPX trade in that account I'm basically done there are some positions left in there we've got the long 31 30 calls those are worthless basically there's no value there nothing in terms of value here down at the 2965 level I guess we've got a little bit of profit potential still sitting here in these putts what is that maybe 70 bucks of potential profit still sitting in there so let's add 70 bucks we look at the SP 70 bucks on to that so basically 4,200 bucks okay so we're gonna come in here and look at this right at the close and see where we end up but we should be up at least 4 grand on the day with this particular trade all right - 14 14 minutes after the market closed about 45 minutes after we got out of our mostly out of our remaining positions as interesting SPX continues to sell off here but it doesn't matter about these two because the market is closed now on our positions it shows us up about forty to sixty two on the day we've got a little bit we after market quotes is a little off there but if we look at and this is what I wanted to really show you if we look at the history of this trade there's a couple of things that I want you to get out of this video if you've followed along to this point number one do you understand this trade man I hope not there's sometimes I don't understand this straight is it a complicated trade absolutely is there a lot of activity well let's put it this way any time you need to scroll anytime you need to scroll up and down to be able to see all of your trades in one thing for one day yeah that's a lot of activity that is being generated so no doubt there's a lot of activity here I didn't want you to fully understand this trade today because quite honestly it takes hours and hours of hours of studying the rules of this trade to be able to understand really even the moves that I'm making here I have some people that I trade with now that say I trade by the force I just kind of do it all intuitively but you have to follow rules so I guess the number one point that I'd like to make just give the overview here the overview was that I do this every Monday every Wednesday and every Friday try to make about thirty three hundred dollars a day during those time frames ten grand a week 40 grand a month about a half million a year and I'm doing that with a 150 thousand dollar account a hundred and twenty five thousand of it is the max that I will use I need to have at least twenty five thousand sometimes I'd rather have fifty thousand but today we had to do a lot of adjusting and so I push it up to that one twenty five level but I do want to have twenty-five to fifty thousand of that in dry powder available to make adjustments as we go forward so I want to make sure that you get that and then I guess the last point I just wanted to make with this trade is that when you look at this there's a couple of things one of our first transactions here was on the put side and you can see here these are some these are those 43 contracts of puts that we sold at 72 cents we brought in about $3,100 right there you can see that trade and then our stop loss summarily kicked us out of that trade at a cost of 70 $600 so right off the bat what was that within an hour right we got in at 8:11 a.m. and our stop-loss kicked us out of that position at 9:00 11:00 a.m. so in one hour we went from a thirty one hundred dollar credit or income potential to a 76 hundred dollar debit so down almost $4,600 $4,500 on that one position and and unless I did a good job of fooling yet which I don't think I did I was pretty straightforward in the trade I just kind of like yeah that's just how this trade works we have the ability to adjust it and we continue to adjust and adjust and adjust throughout the day where did we end up at the end of the day well let's take a look at it here and see what our end result here is our ending result for this trade on June 24th here after all of this is said and done you can see that I paid about 300 dollars in commissions about 400 dollars in fees and we grossed about 4200 dollars in profits so 4190 - about 750 bucks there i netted about 34 34 40 somewhere in that range today what was my goal again 3,300 so we came out a little bit better than expected really really happy with today actually but based on the massive adjustment that I had to start right off the day within the first hour of trading I had to make up a three or four thousand dollar difference right there so I would say just typically speaking again I do this three times a week today was probably an average day it certainly wasn't an amazing day an amazing day is where you don't have to do any adjustments of any kind and you end up making seven grand instead of $3,400 a horrible day is when you end up making nothing or lose money obviously so I would say this is middle-of-the-road it's probably right in the middle but it tells us a couple of things number one it's the power stop losses guys it's being disciplined I'll tell you right now number one don't ever trade this strategy right now because you don't understand I just wanted to see the potential of it but number two never ever ever trade this strategy without a stoploss never ever trade that you define your risk in this trade if you let the market define your risk in this trade that is going to be somewhere around 50 to 70% of your account value so if you're trading a hundred thousand dollars and you trade without a stop loss you're risking 70 or 80 thousand dollars a loss that's ridiculous that's stupid that's not prudent remember that the strategies and the trades that we do they do not determine your risk we do we get to decide what the risk in any particular trade is there is no such thing as a risky trade because we decide what that risk is and so we said those stop losses we kicked where we were disciplined with that we took the loss initially we're able to adjust out of that and end up with a nice day the other point I guess though that I would make and it speaks to the law of scarcity versus the law of abundance how do you view things I will tell you I absolutely love getting your guys's questions every single week the one point or question or comment I guess that I get that I guess kind of grinds me the wrong way is when a subscriber says hey you know I've paid a lot of money for this subscription and I really want to get my value out of it so they're looking at what they are looking at their investment as a cost rather than an investment it's an expense it's not something that's going to give them a return it's something that is taking money out of their pockets so you have to decide how you live your life by the law of scarcity or the law of abundance some of you will initially say whoa wait a minute so you spent seven hundred and fifty dollars on fees and commissions today on these trades yeah I did I did so what is it here that you choose to focus on are you gonna focus on the fact that I spent seven hundred fifty dollars in fees and commissions or the fact that after everything was said and done I made three thousand four hundred forty dollars on the day you've got to decide which side of that equation that you want to look at guys I spend 20 grand a month on commissions I spend a quarter million dollars a year on fees and commissions the only thing I'm trying to do in my trading to change that number is to ramp it up to a million I would I have a perverse goal of wanting to spend a million dollars a year on commissions because can you imagine how much money you're potentially making if that's just the drop in the bucket that's what you actually just pay in fees because every business has an overhead and that's your overhead in trading so we will be taking losses we will be doing adjustments we will be incurring fees --is at fees and charges and commissions on top of that but the bottom line is if you can find a system that can generate you ten grand a week forty grand a month I don't know what your standard of living is if that's something that you can live on or not but most people man that would be a nice step to create him some freedom and being able to break away from that nine to five so I'm gonna give this to you as an upload here I'll do another one of these on Friday and well just we'll just we'll get our toe in the water here you'll get a little bit of a better understanding kind of how this goes and then later on as we go forward we will give you some of the specific rules of the program how that all works
