Sound familiar?  If I had a dollar for every one of these emails…  lol

 

Hi xxxxxx,

Yes, you’ve been on and off for quite some time. lol

I totally understand what you’re doing and going through. Corporate America (I was there too) has some stability and maybe even some (at times false) sense of security but you’d like to venture out and take control of your retirement funds and hopefully, turn them into an income stream long before they put you out to pasture. Clearly you have the bug and ‘get it’.

Here’s what I would do if I were you:

  1. Sign up for the Inner Circle. At only $79/month, it gets you ‘in the loop’. Come to the Thursday night sessions if you can or watch the recordings later… only an hour long.
  1. Purchase the Ultimate Training Course. Given your work and family commitments, you may have limited time to go through this, even though it’s not that onerous. We’re talking 10 hours of video time, some e-books and other stuff. I will extend the offer to you of the 10 hours of ‘one on one’ time for up to a year… use them at any time, either the full hour or part hours at a time, however you wish. This way, you’re locked in and committed to doing it. You already likely know most of what I’ll be talking about but a fresh approach may likely be all you need. The hardest part is actually making the start.

Then start paper trading when you can…. just once a day if you can break away for a few minutes at around 9:30 ET. Check the market conditions, buy near the market open, put it up for sale and shut it down. Come back later and see how you did. You may be amazed at the simplicity of it all.

No need for expensive subscriptions at this point but understanding the thinking behind the trades is important. Learn it as you can and see where it takes you.

Hope this helps…

 

Best regards,

Hugh Grossman

 

 

 

From: xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Sent: Thursday, June 11, 2015 3:35 PM
To: Hugh
Subject: Here’s my situation…

 

Hugh,

So I watched your presentation, it must be like the 50th presentation I’ve watched from you. I noticed the deal you are running through the 30th <of June/15>. I am very intrigued and interested. It says you can help figure out the best plan. Here is the situation and my plan for 2016.

I work full time in a rat race job (corporate America), I’m 31. I love trading, I could watch charts all day long. I want to get to the point where I can replace my 112K salary (including bonus). I would rather do it sooner than later as I have 2 wonderful kids under 5 and I love spending time with them. My plan for 2016 is to discontinue my 401k and deferred comp contributions. I estimate this is about 14K a year on my end (over 22K a year including employer match) I estimate at a 7.5% annual return my real return is about 55% (total value over my contribution ie my contribution is 14k plus employers free money and then the return). I estimate if I made net of 5.2% per day for 160 days, depending on the trade size I could net around 120% per year. Way better with less cash to use and more cash in my families pocket each paycheck. (however the total roth contribution is only 5.5k per year, but I can catch up from 2015 as well.

I used to have my series 7, but lapsed it as I have a different job now. I understand options, not to great on the greeks side of things but have a grasp. During the first part of the year I have some time during the day at my job to watch the market, from Aug to Nov however it is limited as i am preparing budget for the following year.

So with that said what would be the best path?

 

Thanks again,

xxxxx

 

 

Hugh Grossman is the founder and Head Trader at DayTradeSPY and uses his vast experience to teach his methods to make consistent daily gains trading SPY options. Join Hugh in his interactive Trading Room to see how he regularly pulls in the profits!

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