On 5/31/17 I started a real time case study of the principles I teach on this website and inside of the 10-Minute Income Trader ™ community.
My goal is to start with a $10,000 account, grow it by 60% a year, and then in five years I should have a 6-figure investment account. The same amount I achieved financial independence with (low 6-figures).
What thoughts or emotional response do you have to all of the above? Are you eager to learn more? Do you believe it? Are you skeptical?
If you are eager to learn more, stay tuned...
I need to first acknowledge the guy who inspired me to publicly share my performance.
His name is Chris (aka "The Elephant Eater"). He's a part of a small, but growing movement called F.I.R.E.
It stands for Financially Independent, Retire Early.
I associate with the movement, but from what I can tell, I'm not really welcome in their club (even though I achieved financial freedom when I was 34).
Maybe I am welcome and I'm just being a highly sensitive diva (that's most likely it...and my wife agrees).
The reason I "feel" unwelcome is because a large majority of them are what I call Buy and Hold bigots.
Bigots are people who are intolerant toward those holding different opinions.
These bigots usually have nothing good to say about what I do (trading options). And they have shown to be completely intolerant towards people who don't believe what they believe.
They usually, not always, but usually stereotype active investors like me and are closed minded to what I have to teach.
They say things like...
They proudly brag about their "average returns", while vilifying active investors like me.
When the stock market crashes and 40-50% of their money evaporates they rally together and say, "This is normal, the market runs in cycles. Just keep investing".
My translation: bend over and take the loss because this is normal.
If getting screwed and watching my account massively drop in value is normal then no thanks, I want a new normal!
And the new normal I now experience is this...
I actually make money during market crashes now.
However, the Buy and Hold bigots keep telling me it's dumb luck. Their bigoted ignorance blinds them to other 'truths' that could be beneficial to their life.
Thank God for people like Chris.
Chris wasn't a bigot.
He was open minded enough to listen to what I had to say about options trading.
It turns out, we all just want the same thing. Freedom from the rat race...Freedom to live life on our own terms!
There are literally hundreds of ways to achieve financial freedom and it's sad that people judge you because your journey is different than theirs.
That's why I'm glad that I learned from a millionaire who taught me the following:
Basically, don't get caught up in arguments over which "method" is better. Learn both methods and implement the best of each approach.
By combining the best of both approaches I've been able to earn above average market returns, but with significantly less risk than traditional Buy & Hold.
Of course, I'm not implying you can do that or that you will. I'm just sharing what I've been able to do.
However, here is what one Buy & Hold critic had to say about my above average performance...
“Just so people know. Options Trading CAN be very profitable via dumb luck, especially when you’re at the volatile end of a bull market. You can get lucky and exploit people who think the market will continue to rise like it did in 2012 thru 2014. You can also get very lucky trading on the volatility.
I'm not surprised that someone made a 211% return in the options market last year. I just question anyone who advertises it as anything but dumb luck. One data point achieved during a perfect storm of economic events does not make for sound long term investing advice.”
If you are a Buy and Hold bigot please go elsewhere. You honestly aren't qualified to see my performance. It will challenge the dogma you hold to be true.
What I teach is NOT for ignorant people and it's also NOT for people who want to be average.
It's only for people who desire to be 'above average'...people who are 'open minded'...and people who want to be in a position to have 'dumb luck' like me.
If that's you, click HERE to continue...