Ask any successful person - in any field - the secret to making it big, and you'll get the same response. It takes desire, knowledge, and discipline.
The same applies to trading the markets, particularly in 2018...
Money Morning's options trading specialist, Tom Gentile, took those three traits and broke them into three simple steps for trading the markets. Best of all, they're perfect for traders of all ages and experience levels.
According to Tom, you don't have to be the smartest or most talented person to trade the markets with great success. But it does require commitment and the three steps below.
Not surprisingly, the three steps Tom shares all came from his extremely successful mentors...
Arthur Blank, the owner Atlanta Falcons and founder of Home Depot Inc. (NYSE: HD), shared these secrets with him more than three decades ago. Back then, Tom was stocking shelves at the store as he worked his way through college.
Don't Miss This Shot at a $78,000 Windfall: This tiny firm is about to make the entire world wire-free. As its game-changing technology revolutionizes the global power structure, its stock could hand investors a massive return. Learn more...
But he applied the rules to trading the markets and turned himself into a millionaire...
And he's used these rules to bring his subscribers incredible profit opportunities in just days, including:
- 8% in four days on Colgate-Palmolive Co. (NYSE: CL)
- 9% in one day on General Electric Co. (NYSE: GE)
- 8% in two days on Costco Wholesale Corp. (NYSE: COST)
More on those gains in just a bit...
Here are his three simple steps to making a fortune trading the markets in 2018...
[mmpazkzone name="in-story" network="9794" site="307044" id="137008" type="4"]
Options Trading Step 1: Be Persistent - Even If It "Kills" You
Just as Home Depot's credo was persistence and excellence, so, too, should it be for a trader. In fact, it's crucial.
Don't be discouraged with failures. Losing trades, and even losing days, are part of the trading game. If there were any guarantees, then everyone could do it. But as with anything worth doing, the proper trading mindset and discipline is hard.
Here's a bonus. Not only will persistence pay off financially, but winning at something hard also comes with intense satisfaction.
Options Trading Step 2: Never Stop Learning While You Earn
It's possible to parlay a basic set of trading skills and knowledge into a winning streak. Just ask anyone who made money in the middle of a roaring bull market. However, it's not so easy when the market is not trending smoothly to lofty heights, as it did throughout 2017.
If you really want to make market-beating profits, you need a plan. And it boils down to taking it step by step and putting one foot in front of the other. The consistent gains you seek are only possible with continuing improvement of your skills and knowledge.
Make learning a priority. Create a strict set of rules (rules-based trading) that allows you to take the emotion out trading (which prevents you from making the types of mistakes the people who lose all of their money to the markets make).
Focus on making a living and being the best trader you can be. You don't have to swing for the fences every day. Instead, try to build on small successes consistently. If you are disciplined and do it passionately time after time, you will turn around one day to see that you've really made it big.
Options Trading Step 3: Share Your Success
Gentile says it is his personal mission to follow in Arthur Blank's footsteps when it comes to giving back. It can be with money. It can also be with time. You should spend some time doing good in your community and share your knowledge with others so that they can also reach their dreams.
It should be a lifelong commitment, but think about how satisfying it would be if one day someone looks up to you as their mentor, crediting you with some of their success.
And those aren't the only three pieces of wisdom Tom is sharing with Money Morning readers today...
Tom always knew there had to be a better - and faster - way to build his wealth to get everything he'd ever dreamed of.
And while it took five years and millions of dollars to develop...
His invention is the fastest - and most reliable - way on the planet to find triple-digit gain opportunities week after week.
And now, he's sharing this fast-paced, high-probability method with just a few new readers today. See how you can make these lightning-fast gains right here.
It's his lifelong commitment to help you reach all of your dreams and become the best trader you can be.
He just hopes he can be half the mentor to you that Arthur Blank was to him.
To your continued success!