Generating SRC Profits - Here's How I Do It!

Generation SRC Profits | Coffee With Markus | Episode 87

Intro: 0:00
What's Happening In The Markets: 1:19
SRC Profits: 4:32
Deep Dive Q&A: 17:27

So let’s talk about what are "SRC Profits":

1.) Systematic
I don’t know about you, but I want to make my profits in a systematic way. You know me, I like to trade what I see and not what I think. That’s why I use indicators. That’s why I have a trading strategy that tells me EXACTLY:
a) What to trade
b) When to enter and
c) When to exit - either with a profit or with a loss

In short, I have a SYSTEM. I trade based on RULES and not based on my gut feeling.When I switched to trading “what I see”, THAT’s when my trading turned around.

So let’s talk about the 2nd point:

2.) Repeatable
Without a system, it will be difficult to see repeat profits. Think about it this way:
Let’s say you caught TSLA when they announced the stock split. And let’s say you made 30% in a matter of a few days. Or maybe you traded options, and you made 1,000% in a few days. Can you do it again? Well, if you rely on the next stock split, then you might have to wait a few years!

Think about it this way:
Is it better to generate $10,000 on a single trade? Or is it better to know how to make $500 every single week? If you can make $500 every week, that would be $25,000 per year. I’d rather trade a system that’s generating $500 per week CONSISTENTLY than relying on windfall profits.

YES, these windfall profits WILL happen in your trading career. And it’s nice WHEN it happens. But I wouldn’t rely on it. This brings me to the next point:

3.) Consistent Profits
Let me give you an example. Would you rather a super volatile equity curve or one with
I don’t know about you, but I wouldn’t want to be on THIS roller coaster!
Even if it would make me more money that THIS === Show rational equity curve.
Yes, that’s right: I would rather make slightly less money but still have my hair instead of pulling it out like with THIS equity curve. And I’m not a nail biter, but if I had THIS equity curve, I would probably bite off all my nails.

So now you know what SRC profits are. And you know why you need them if you want to trade for a living.

So how do you generate them?

Here’s how I do it
1.) I have TRADING STRATEGIES
And these strategies are based on indicators and probabilities. This gives me:
What to trade
When to enter
When to exit
I know my risk
I know my potential profit
And I know my odds of realizing that profit or loss.

My bread and butter strategy in the PowerX Strategy and you can see how exactly I trade in a video that I created for you. It’s on the website my https://www.mytradingroutine.com

And recently I have been trading a strategy called “The Wheel”. I have a playlist with several videos on it here:

2.) I am using TOOLS that makes my life easier.
As I said: I know my odds. I know my probabilities. I know what to expect.
And I couldn’t do all these calculations in my head.
That’s why I am using TOOLS like the PowerX Optimizer that helps me to find the best stocks and options to trade for the PowerX Strategy.
And I’m using the “The Wheel Income Calculator” to make sure I’m getting the best trades for “The Wheel”

I would NEVER trade without the right tools!

Finally:
3.) The Right Mindset
When trading, there will be losses. And you need to know how to limit your losses. Otherwise they will be devastating!
Here’s something to remember: Trading is a marathon, not a sprint.
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Видео Generating SRC Profits - Here's How I Do It! канала Markus Heitkoetter