Replace Your Income with Options Hit & Run Candlesticks with Rick Saddler, Ep #102
Rick Saddler is the Owner and CEO of Hit and Run Candlesticks, and he understands that trading is not as simple as it sounds. There is a significant learning curve and numerous gurus to try to sell you the 'Holy Grail.' You must learn to become comfortable with taking small losses; it's the cost of doing business. In this episode of How To Trade It, Rick will drop some great trading nuggets to help you on your road to success. You don’t want to miss it!
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You’ll want to hear this episode if you are interested in…
- [06:48] Transitioning to full-time trading
- [17:42] Learning NOT to trade just because you have an account
- [35:49] Trading Rooms and other resources
Full-Time Trading
Traders are sometimes driven to full-time status because they are tired of having a boss. And while you won’t have a boss, you will often work harder than when you did have a boss, so it’s important to consider that before quitting your 9 to 5. You will spend a lot of time looking at charts, and honestly need to devote a considerable amount of time to education in general.
Don’t Trade Simply Because You Have An Account
When Rick decided to get serious about trading, there were a few things that he recognized. For starters, it wasn’t going to be easy, or fast. He learned to build a watch list and then let the trades come to him. You can’t trade, just for the sake of trading…or because you have six monitors! It’s important to find a system that works for you.
Magic Indicators
Guess what? They don’t exist! The “magic” happens when you learn how to use your indicators to make a profit. You need to look at price action, or find a specific strategy that will work for you. Ultimately, the “Holy Grail” in trading isn’t an indicator, it’s YOU!
Resources & People Mentioned
- https://hitandruncandlesticks.com/mondays-with-rick/ (FREE resources from Rick)
- Doug Campbell - Options trading
Connect with Rick Saddler
- Website: https://hitandruncandlesticks.com/
- YouTube: https://www.youtube.com/channel/UCF5xejdkAC1JeJ1UbwapzfQ
- Twitter:
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Casey Stubbs
Freedom Income Options
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