Can you believe we’re closing in on December? It seems like just a few weeks ago we were ringing in 2019.
Now, I don’t know about you, but the period between Halloween and New Year’s Eve is when I’m most susceptible to putting on a few extra pounds.
Between my son’s Halloween candy (shh!), delicious Thanksgiving leftovers, and Christmas cookies galore — not to mention frigid New England temps and sunset before dinner — it’d be easy to become complacent in my workouts.
Add in the uncertainty about U.S.-China trade and the possibility of additional tariffs on Chinese goods next month, and it could be a recipe for bigger waistlines.
Today, though, I’m here to show you six tips for both losing weight and beefing up your trading account this holiday season.
You may be thinking — Jason, what does losing weight have to do with trading stocks and options?
As a gym-teacher-turned-successful-trader, I’ve discovered the keys to reaching your goals on both fronts are very similar.
As I recently said in a Facebook video, “If you can subscribe to the common-sense fact that treadmills and trading have a lot in common, you’re way ahead of most everybody in the market.”
Have a Plan
Picture it: January 1, 2020. As with previous years, your New Year’s resolution is to lose weight.
However, in years past, you’ve found yourself back to your old habits — and weight — by Valentine’s Day.
It happens to the best of us.
That could be because you went into your resolution without a concrete plan.
Before you begin your weight-loss journey this time, try making a road map: write down your weight loss goals for each month, decide how and when you’re going to exercise, and establish a meal plan for yourself.
The same applies to your trading.
Do you think Shark Tank’s Daymond John would invest in a business without a plan? Absolutely not!
That’s why “The People’s Shark” and founder and CEO of FUBU teamed up with me on Weekly Windfalls to help fulfill HIS 20-year goal of sitting on his yacht trading a couple minutes a day.
And anyone who watches ABC’s Shark Tank knows that Daymond is a skeptic. “The People’s Shark” asks a lot of questions before investing in someone’s idea.
One of his favorite things about my Weekly Windfalls premium service is the total transparency.
When I went on a 19-trade winning streak, the proof was in the pudding. That’s because all of my trades stream in REAL TIME.
So, if you want to take baby steps before making thousands of dollars, that’s okay! Sit back and watch me trade for a while first.
And when you do take the leap to change your life, don’t dedicate 100% of your disposable income to a single trade. Decide ahead of time how much capital you want to risk, and obviously don’t risk anything you can’t afford to lose.
With my Weekly Windfalls premium service, in fact, you can sell options with nothing more than a small margin account.
What’s more, several subscribers have paid for their lifetime subscriptions — AND this year’s Christmas presents — with just a week’s worth of trades!
Set Realistic Expectations
Crash diets will always backfire, guys and gals.
While you may drop pounds fast, odds are you’ll put them back on — and more — in the long run.
Instead of yo-yo dieting, set realistic goals for yourself. Maybe that means switching to diet soda, running a 5K marathon in six months, or being able to walk up the stairs without wheezing.
And remember — no one is perfect. To never eat cake again would make for a very sad life indeed.
So factor in the cake! As long as it’s within reason, you can still attain your goals.
The same thing applies to stock and options trading.
As with fad diets, get-rich-quick schemes are usually a scam.
And even Daymond John said he’s been successful with just 40% of Shark Tank investments.
When speculating on stocks or options, you’re GOING TO HAVE LOSING TRADES. Show me someone who says they win 100% of the time and I’ll show you a liar.
However, with my Weekly Windfalls strategy, the odds are stacked in your favor.
You see, option buyers win just about 30% of the time.
That means option sellers win about 70% of the time — sometimes even more!
So when I discovered my under-the-radar trading strategy, it was a no-brainer: I wanted to be on the winning side of the trade.
Even so, I understand that a 19-trade winning streak is extremely rare. In fact, not long ago, my week started out great only to end up in the red.
Which brings us to the next “rule” for success…
Don’t Overreact to Setbacks
After that rough losing week, I could’ve gone off the rails. After all, no one likes to lose money.
But if I’ve learned anything in my trading career thus far, it’s to use setbacks as learning opportunities, and get back on the horse.
Heck, when I first began trading options as a buyer, I lost thousands of dollars. It was nearly enough to spook me from options trading altogether.
It’s a good thing I didn’t give up, though.
As with trading, your diet & exercise plan isn’t going to go off without a hitch.
You’re going to hit plateaus and make some mistakes on the way to your fitness goal.
But don’t be too hard on yourself, guys and gals.
The trick is to keep working at it. Take deep breaths when you get frustrated, make adjustments where you need to, and remember the adage that for every closed door there’s an open window.
Keep a Diary
No, I don’t mean a diary with all your deepest, darkest secrets.
In order to learn from your mistakes, you need to know what went wrong. And you also need to know where you went right.
By keeping a diet & exercise journal you can track calories and workouts — not to mention those ever-important “cheat days.”
Likewise, by keeping a trade log, you can see what’s been profitable for you in the past, or where your “sweet spot” is as far as a risk/reward ratio.
You can also use your trade log before you even start trading!
Some of the best traders in the game started by tracking their “paper profits” first. Or, in simpler terms, they did mock trading before putting real money on the line.
By doing so, they got a feel for how everything worked — profit/loss scenarios, capital allocation, breakeven levels, and when to enter and exit trades.
Only when they felt absolutely comfortable did they begin putting real money on the line.
Get Some Sleep
Studies have shown that people who get more sleep are less hungry and less likely to binge eat.
That’s because your body is like a smart phone — you need to recharge in order to be efficient.
So say “no” to the caffeine pills, and practice good sleep habits, like cutting your screen time an hour before bed.
That same theory applies to trading options, too. You aren’t going to do anyone much good if you’re yawning all day.
Luckily, my Weekly Windfalls trading strategy is on the conservative side. Your risk is limited.
Unlike option buyers, whose losses rack up the further the stock moves against them, traders using my “casino” strategy know exactly how much they’ll lose on an unexpected stock move.
What’s more, subscribers can profit one of three ways: if the stock goes nowhere, if the stock moves slightly against them, or if the stock moves in the predicted direction.
On the other side, the option buyers need the stock to move in the right direction — and fast.
With limited risk and a 70% win rate, Weekly Windfalls premium subscribers have little to lose sleep over — so what are you waiting for?
Do the Work
The most important key to success in both weight loss and trading: DO THE WORK.
Sure, you can buy the treadmill. But that alone isn’t going to get you the body you want.
The treadmill is only beneficial to you if you actually get on and use it.
Trading options successfully also requires consistency, frequency, and discipline.
A great trader will rarely make a million bucks overnight, guys and gals. It takes many trades over many months — sometimes years — to make that profit like that.
But if you put in the time and energy, and you stay disciplined, I guarantee you’ll see results.
And luckily for you, premium subscribers to Weekly Windfalls are already raking in huge gains — and in short order, too.
Earlier this month, in fact, I experienced one of my greatest trading days of the year. I went three for three in Weekly Windfalls, making over $40K in realized profit on returns of 48%, 47%, and 46% on Tesla (TSLA), Shopify (SHOP), and Facebook (FB) options, respectively.
So, while I obviously can’t promise gains like that every day — or even every week — I do vow to put in the work and “use the treadmill.”
You won’t be disappointed in the results.