How To Trade It: Trader Insight from Profitable Traders
Casey Stubbs
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90% Win Rate by Trading Credit Spreads with Tony Pawlak, Ep #106
• 41 minTony Pawlak’s story will either move you to tears or make you question your life’s purpose. He quit his job to trade full-time and failed miserably. I mean, he was losing money hand over fist, until the day he discovered a credit spread video by Real Life Trading. He now makes 8-10% on his entire account EVERY WEEK, by trading less than an hour a day!!! He typically day-trades options, specifically credit spreads with incredible protection techniques to minimize his losses. In this episode of How To Trade It, Casey talks with Tony about his 90% win rate…and that’s BEFORE hedging. You don’t want to miss it! Subscribe to How To Trade It You’ll want to hear this episode if you are interested in… [01:05] What drove Tony to Options trading[10:43] Digging out of a deep, deep hole[13:56] Viewing Trading as a skill[14:47] The Credit Spread Strategy[18:05] Learning how much time Tony spends trading [20:10] The goal of Credit Spreads[22:35] A drawback to trading Credit Spreads[24:06] Hedges of protection[25:15] Understanding the S-Curve[27:43] Timeline to masteryIn the beginning Tony was basically tired of working 60-80 hours a week, so he quit his job and decided to trade full-time, with no plan B. Unfortunately, he had a bit too much confidence in himself, his knowledge wasn’t up to par, his account size was too small, and he was just plain dumb when it came to the markets. He was chasing the dream and made huge mistakes that cost him a ton of money. He was losing it faster than he was making it. He took out loan after loan. He lost everything he had, then lost everything that he didn’t have too. It was a complete nightmare from the beginning. But…HE NEVER QUIT. Trading is a Skill You don’t have to be special; you don’t have to be a genius…you just have to learn the skill. Tony had assumed that since he had been successful in his life outside of trading that it would Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets. Talking Trading - Expert trading and investing tactics so you can excel in the markets.Your key to getting the results you deserve.Listen on: Apple Podcasts Support the show Connect with Casey: Website: https://caseystubbs.com YouTube: https://www.youtube.com/TradingStrategyGuides YouTube: https://www.youtube.com/caseystubbs Facebook: https://www.facebook.com/TradingStrategy LinkedIn: https://www.linkedin.com/in/caseystubbs Twitter: https://twitter.com/caseystubbs TradingStrategyGuides.com: https://www.tradingstrategyguides.com/ Global Prop Trader: https://globalproptrader.com/ Email: podcast@tradingstrategyguides.com
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