I am currently in a $1M in 1 Year Journey. As a part of that journey, my goal is to make 50 trades at $20K each. I wanted to break down how in the first month in January, I made $120K in profit. So I went LIVE in Facebook and YouTube, catch the replay below.
In the month of January, I made $120K-$140K profit. In this case study, I break down the trades I made and the mindset behind them.
I am trying to build the momentum we have in 2018 into a $1 million profit in 1 year as a personal goal of mine. To follow this journey behind the scenes, click here to follow me on Instagram.
You can check out where we are at in the trading checklist right here.
It is broken down in each month – you need about $100K each month for 12 months. And if it doesn’t happen for 12 months, it gives it a 2 month grace period. And that equates 50 trades of $20K each. That is about 4.2 trades a month. In January, you can see we got the 4 we needed, we also got 2 extra trades. $40K over the profit we needed.
Let’s break down how that happened.
MA Option Trade
We had a trade going in MA (Mastercard), which I had about 50 contracts in. It was in one trade, but it broke it up into different slots, as you can see below.
This is option trading because I am all about controlling stocks versus buying them.
The reason we got in this option trade is because as you can see from the chart below, the pattern was starting to break out of a bollinger band and trend up the ten-day moving average. And we had seen that trend twice on the same chart, so we knew this trend would be profitable. It had gone sideways, and then broke out twice before. So when the members inside of the Power Trades University Group Coaching program and I saw the trend moving sideways and getting ready to break out, we jumped on the chance.
From this trade, we got about $20K in profit. So this was our first check off the box in our trade in January.
XLK Option Trade
In our next trade in XLK, we made about $55K profit.
In the chart, we noticed that it was in a channel. You could see the pattern. When it gets to the bottom of the channel, it is the best time to buy. When it gets to the top of the channel, it is the best time to sell. So we saw that it got to nearly the bottom of the channel, and we got in. When it next got to the top of the channel, we got out. We were trading the pattern. The stock blasted through, but we are not here to collect 100%, we get what we need. It is too risky to hold on because then you do not know when to quit. By following the game plan, we received $55K in profit.
This trade cost me $75K to get a $55K profit. So this was a 73% return. Reality is you can make big returns. If you know how to read the patterns, the charts, and know how to use options to increase your gain, you can make these big 73% returns. 73% is 73%, no matter how big or small your account is.
WMT Option Trade
Our next and last trade was in Walmart (WMT). Many shop there, but how many actually invest in it? As you can see, this was a big trade – we made $65K profit.
It cost $134,000 to get in and the profit was $65,592. But the return was 48%. Again, these are the type of returns available. I had 200 option contracts in the trade.
This was an interesting trade because WMT had a sideways pattern. And in the past, we could see how it would explode up from the sideways pattern. This is a technical trade, we were looking at technical chart patterns. So when it went sideways for the third time and started to lift off, we got in the trade.
All of these trades is how we ended up with over $120K in the month of January. Our goal in this is to do another $100K this month in February 2018. And again, if you want to see us take this journey, be sure to follow me on Instagram.
If you want more information about how option trading works, be sure to register for my free webinar which runs several times a day.