As they start approaching their fiftieth birthday, most people begin to take a serious look at how they want to spend their retirement years.
Traditionally, retirement was seen as a time when people stopped going to their day jobs, settled down and spent the rest of their days sitting in a rocking chair waiting for The Grim Reaper to take them away in dark of the night.
The good news is: Everything has changed!
In recent years, the concept of retirement has undergone a radical transformation. Gone are the days when retirees were destined to fill their remaining years with slow-paced activities like crocheting sweaters and working in their flower gardens. Many of today’s retirees enjoy very active lifestyles.
This shift is happening for many reasons. Most importantly, people are living longer, healthier lives. Once they’re free from the responsibilities of a traditional day job and raising kids, today’s retirees can fill their lives with plenty of leisure activities. But one big thing has changed. Unlike previous generations, today’s retirees are actively looking for ways to add more action and adventure to their lives.
Greg Casey is a structural engineer living in Austin, Texas. He started trading about two years ago and is a member of Daily Profit Machine. Greg’s goal is to learn as much as he can about trading strategies, trading psychology, and how to grow his accounts, so that he can live better during retirement.
Daily Profit Machine
Just look around, and you’ll see people in their 50s, 60s, 70s and older indulging themselves with trips to amazing places. Some are even engaging in thrilling, adrenaline-rush experiences like riding motorcycles, paragliding, and surfing. In fact, some people are starting to say that “Sixty is the New Thirty”. Could be? But one thing’s for sure, our concept of retirement has changed forever.
More and more, the possibilities for living an exciting, fulfilling life during retirement are bound only by your imagination and the financial resources you have at your disposal.
Gregory Casey is a prime example of someone who’s getting prepared to extract more excitement and adventure from his golden years. A structural engineer by training, as Greg approaches retirement age, he’s investing in himself by learning to trade stocks and options with Davis Martin and Daily Profit Machine.
“I’m currently working full time, so my trading has to be done on a swing basis for the time being. Except for my daily SPY options. I always find time for those. I’m enjoying the daily videos with market updates, outlooks and encouragement,” explains Greg.
“I’m currently working full time, so my trading has to be done on a swing basis for the time being. Except for my daily SPY options. I always find time for those.”
Although most active traders are looking to improve their financial situation, people trade for different reasons. Your goals could be very different than mine. That’s why it’s so important to find a mentor with a style and strategy that aligns with your personality and financial objectives.
“I enjoy Davis Martin’s teaching style. It’s clear and to the point. Most updates are short and straight to the point. He provides plenty of examples in the market to show his strategies at work,” says Greg.
Davis focuses on isolating one consistently profitable SPY option trade every day. This trade is alerted in the pre-market. He also focuses on swing trading mid to large-cap stocks, indexes, and options. His goal is to help members leverage their accounts while applying a profit/risk balance strategy combined with expert asset allocation.
“I enjoy Davis’ teaching style. It’s clear and to the point. Most updates are short and straight to the point. He provides plenty of examples in the market to show his strategies at work.”
A time-tested way to increase your trading success and assure that you’ll live a more financially-rewarding retirement is never to stop learning. That’s why you should personally commit to what the Japanese call “KAIZEN.” Essentially, kaizen means you commit to a process of constant and never-ending improvement.
When it comes to stock trading, Greg told us, “I’m always learning new skills. For example, I thought I understood trading. It turns out, I did, but I was applying strategies incorrectly due to incomplete knowledge of the theory and psychology of trading.”
Learning new skills and putting them to work is paying off for Greg in the form of substantial gains, “Just this morning, on SPY Puts, I made a 276% return. All within a matter of minutes. Absolutely Awesome!”
“Just this morning, on SPY Puts, I made a 276% return. All within a matter of minutes. Absolutely Awesome!”
Fear, self-doubt, and uncertainty are significant hurdles novice traders need to overcome. We all know that today’s fast-moving markets can be very unpredictable. Just one breaking news story saying the Fed Chairman is thinking about raising interest rates can prompt a wild shift in stock prices. Smart, well-prepared traders, know how to make money in both bull and bear markets, but most of all, they know how to maintain the right mindset.
Understanding and applying the psychology of trading is what ultimately determines a trader’s long-term success or failure. When asked about mindset, Greg Casey said “Before starting these courses, I was full of anxiety and FOMO. Afraid of putting my money into the markets, and also not thinking clearly before jumping in. But with Davis, my accounts have been gradually increasing.”
He added, “I want to continue learning about trading strategies and trading psychology. I’ve already paid off most everything, except my home. My long-term goal is to increase my accounts so I can live comfortably and enjoy more thrilling experiences, before and during my retirement years.”
Do you have a Raging Bull success story to share?