Dear Insider, Jason Bond here.
As I sat down and reviewed some of my trades by my fireplace… I couldn’t help but wonder how far I came from the days of worrying about whether I could provide for my family.
Pamela, my wife, and I went through a lot of financial struggles. We both were school teachers and drowned in $250K of debt.
We had little hope of ever paying off that debt, let alone have a few thousand in the bank.
We did all we can to deal with it. I was riding my mountain bike 10 miles to teach, as Pamela was driving a used Ford escort with over 100,000 miles… and we couldn’t afford a second car.
We were also picking rummaging through the trash to pull soda cans so we could exchange them for a nickel a pop.
It was definitely not the life we dreamed of… we were rich in love, but not rich in money.
One day I just had enough…
… I didn’t want to settle for less. I wanted to provide for my family and fulfill all their wants and needs… but we were stuck in the mud, what possibly could pull us out of this mess?
The stock market was my ticket out.
After some late nights lying in my bed, deciding whether I should take the leap of faith and trade to make it in the market… I listened to my gut and my heart…
… so I quit my teaching job and pursued trading.
But the thing is, I LOVE educating people about the market and teaching them how to trade…
… and I’ve kept that same mentality over the years.
One of the main keys to success in this game is perseverance.
You come in prepared every day… and let your brain act as a sponge to soak up all the knowledge… then review and repeat the process.
For me personally, I like to improve as a trader every year and try to increase my chances of success, as well as my earnings… and more importantly, to be a better educator so I can teach everyday people.
This year, I developed an options strategy that sets me up for success every week… and Daymond and I will bring it to the masses come Tuesday, October 29 at 8:00 PM ET.
I never in my wildest dream would’ve thought that I’d be educating so many people about the stock and options market… and it all just started with that little voice in the back of my head telling me that I could come out of the situation I was in.
Rinse and Repeat — A Simple Method to Stop You From Settling for Less
Half of the battle is won just by showing up… the other half is just spotting patterns you like, planning, properly risking managing and taking profits — at least that’s the way I visualize trading.
My good friend, Jeff Williams is one trader I know who never settles for less.
Well, he constantly challenges himself and has figured out a workaround to grow small accounts at an exponential rate — providing many with the boost they need.
In a little over 4 months, he was able to generate more than $25K in profits on a $3,000 account.
You’re probably wondering how you can replicate this performance… and scale it.
Well, it’s pretty simple… he looks for his favorite chart setup, just like you see below.
He’s able to spot some of Wall Street’s top gainers AHEAD of time, and lock in profits like this (with a small account)…
… if you can consistently just rake in winners (they don’t have to be big), you build your account quickly. Over time, you could start trading bigger, and that’s when you can watch the money pile up.
The point here is that no matter where you are in life… whether you’re struggling to make money trading… or you’re a consistently profitable trader, you should never get too comfortable and strive to improve your life.