I won't be doing trading of any kind today. Increased volatility in the market and basically already blew through all zones to the upside on US equities and blowing through all zones to the downside on GC. Smart play is to wait it out and establish a normal price flow. Don't make the classic "greed based" mistake of trying to chase what you think is going to happen. A lot of that already happened in the overnight. You don't really know where price goes from here.

❌ The 1st year they call you crazy ❌ The 2nd year they call you lucky ✅ The 3rd year they call you for advice 👌

Hey invest Fam! I posted a bit ago in celebrations when I passed my first 50k EA. Well… I passed another the next day, ripped some success, and then watched my wings melt as I did my best Icarus straight to crashing both… Well after a few weeks of scrutinizing review and practice, I was ready to go for the next round on Thursday with completely re-formed strategy that ended 3 accounts today where you see them in the screenshot. I’ve got so much more to learn, but here’s a couple things that I hope can turn my mistakes into your lessons. 1. Be careful of high profit targets on a $2,500 drawdown. If you’re above 3:1 in an EA, trail it before it accidentally eats 30% or more of your drawdown in one trade -no, I am not saying big ratios are bad! Increasing your reward is one of the best things and one of my biggest improvements. However, if you’re in an EA, the drawdown does not grow. Let’s say you’re risking $200 and shooting for a 5:1 ($1000 profit). Your trade pushes to 4.5 before reversing and slamming your stop. Well that 2500 drawdown was increasing with that trade. So will be down your $200 loss plus the $900 profit you had at one point. From $2500 to $1400 drawdown in one trade (plus commission if the 1400 wasn’t bad enough : P). Pretty brutal huh? On this run my average risk ratio was 6:1, but if I was above 50% of my profit target, I put in a trail-stop or trailed manually to protect my drawdown. This was pretty crucial for me. 2. Trust yourself!!! -Yes, self confidence is important, but there’s a lot of need beyond that. I have watched myself lose as much if not more from over-caution and self doubt than I have from being too aggressive. Closing trades that would have hit profit no problem, being too scared to place the better trade, then following it up with a bad setup because of fomo. It’s a messy cycle. Yes, I messed up from over aggressive trading, but that was actually a poor response from the backlash I was feeling from letting fear change my decision making process.

Who else is Halloween ready??

Hey InvestCEO fam here's the bad news: I can't do the Fast Track session tonight. I know I know, but it can't be helped. BUT...I have good news too. I'll be doing an encore of "The Boardroom" session you got to experience last Saturday! The feedback you guys gave on that was pretty tremendous so I want to double down and review another week of trading with you, along with my private students. This time it will even be more beginner friendly. I'll be covering timeframes that you're a little more accustomed to. I'd highly encourage you to attend as this isn't a normal weekly occurrence. Just like before, the meeting will be at 9:30am this coming Saturday November 2nd. You can find the zoom link on your "Calendar" tab in Skool. Let's learn and grow together! Kyle