Recently, I reached over $100,000+ a month in September. So what does it feel like? Peace. Serenity. Calm. 15 years ago, I used to work at a supermarket for $20 an hour. Last month, I made well over $100,000. (closer to $300,000). I didn't work more hours. I didn't answer calls nonstop I didn't ​work in a corporate job 9-5 I simply solidify my systems. Success is about Capital Analysis Execution Capital (Your retirement accounts or margin accounts) Analysis (Technical, Fundamental, Options, Macroeconomics) Execution (Controlling your emotions, Building in controls to prevent myself from making mistakes) In the last two months, I developed various controls to stop myself from making mistakes. And as a result, I made over $100,000+ this month using "Capital, Aanlysis, Execution"​ Cheers, Eric ----- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In October, my goal is to help 20 people without a financial background to master investing through Investing Accelerator. Investing Accelerator is designed for people without a financial background. The goal is to achieve 30% return per year. In the first phase, you will learn long term investing and targeting 30% for tax free compound growth. This will help accelerate your overall wealth. In the second phase, you will learn monthly passive income to provide a more predictable cash flow (target 30% per year) which can cover your expenses. This will help accelerate your retirement goals. Here's a step by step guide on how to join Investing Accelerator for free: https://www.skool.com/invest-retire-community-1699/how-to-join-investing-accelerator-for-free If you are interested, then let's hop on a call to see if you can benefit from the strategies in Investing Accelerator and get 30% per year.

Congratulations to the following 10 people for being the most contributing members of the community: 1) @Rong Zhou 2) @Sharon Yuen 3) @Sa L 4) @Monica Bernard 5) @Lindsay Talbot 6) @Velle SG 7) @Kevin Esmati 8) @Cris Bob 9) @Sandra Van Den Ham 10)@Sukhwinder Dhanoa I (Michael) will contact you in the chat to provide you with the gifts. You will receive: - 1 share of TQQQ $103 USD To show proof of purchase, you must post in the community that you received the share. For next month October , the prizes will be: - 1 share of CMG Chipotle recently undergo some management change and now it is at a deep discount. It might take a while to come back but it is a good long term hold. As the overall market is correcting, we will likely see the bottom near end of September You can be the next top contributor for the next 30 days (https://www.skool.com/invest-retire-community-1699/-/leaderboards) Investing Accelerator Incentives: Get Richer by Helping Others Succeed 1. 🎁 Join Investing Accelerator for Free: Share the "How to Join Investing Accelerator for Free" guide with a friend. If they join, you both earn the referral fee. Learn More (https://www.skool.com/invest-retire-community-1699/how-to-join-investing-accelerator-for-free) 2. ⏱️ Speed & Success Bonus: Complete the program within 90 days and pay off the remaining balance to get 10% off the balance. 3. 📈 Trading Milestone Rewards: - First 30% Return from a Single Trade: Share your success in the community to receive a free stock. - 30% Portfolio Return in One Year: Achieve a 30% annual return to earn another free stock (once per year)

How To Make Money With Covered Calls https://optionstradingiq.com/how-to-make-money-with-covered-calls/

In this series, I would like to focus on the best strategies for playing earnings. My goal is to provide you with safe strategies so risk management is essential. - Risk Management: Don't risk more than 1% of your capital on each earnings trade. Initially even paper trade these till you become confident. - Expected Move (EM) vs Actual Move (AM): If you add the ATM call and put prices, it gives you the expected move. For earnings calculating the expected move tells us how much the stock can move either side post earnings. But for earnings usually the actual moves are lower than the expected moves which is what we want to take advantage of - Stock Selection: You can goto a paid website like market chameleon or any others where they list the stocks EM vs AM history. Use this data to pick the stocks where historically the AM stayed under EM 70% of the time or higher. Pick stocks with good liquidity and enough history. - Strategy 1: On the day of earnings (15 min before market close), Sell a ATM call and ATM put and buy far OTM (say 5 delta) call and put. Close this 10-15 mins after market opens next day - Strategy 2: A much safer strategy. Sell call and put at 2 times EM. Say the EM says stock will move by 5%, then sell a call and put at 10% OTM. Then buy even farther out call and put. This will create a very safe Iron Condor. Close this 10-15 mins after market opens next day - Strategy 3: Safest strategy. See the stock's historical maximum single day drop percent and max single day increase %. Use these and sell call and put beyond these percent drops. Then buy even farther out call and put. This will create the safest Iron Condor. Close this 10-15 mins after market opens next day Feel free to ask me if you have any questions.

A few days ago, I shared how a day in the life of an "investor" is about following the system to the T. Here's the last email if you missed it  ​So let's continue with this topic and explore what happens if I lose money It is important to understand what happens when I lose money because for monthly passive income, the win rate is 90-95% of the time For long-term investing, the percentage of up candles in the market is around 70% and the percentage of down candles is around 30%. This means out of 100 weeks, I may experience 30 weeks that are down. ​​Because the probability is >50%, this still means my investing strategy is very profitable When it comes to losing money, it is all about emotions. 1) My doubts for the system 2) My ability to hold on 3) My ability to stay calm and not panic 4) My ability to perhaps I can outthink my own system and make discretionary trades to "get away with it this one time" Those are all dangerous thoughts that must be addressed and systematized. ​This is why I place a lot of controls around myself to ensure I am executing the system correctly. Reducing any ambiguity in the system. ​I am rewarded not for making money but for following the system. ​If my system says I should make +3% this week and I make +3%, that's great If my system says I should make -2% this week and I make -2%, that's great If my system says I should make +3% but I make +20%, that's not good, even though I made money. Because once I deviate from the system, I can no longer review and refine my own track record without collecting years of data on "discretionary trades" ​​​​​​​​​​​​​​​​​​​​​​​​​ That was the key insight there. So make sure you read it a few times. As a "human being", we all feel emotions and can get emotional. But what's important is your ability to follow and execute a system, not by discipline or motivation but by placing proper controls and incentive structure.