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Shout Out to GotchaTX (Patreon)

Published:
2024-09-24 09:52:11
Imported:
2026-06
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Content

In just 11 trading days, Gotcha_TX earned an amount equivalent to their entire annual salary from their 35-year engineering career. i repeat a lifetime of earning was made in 11 trading days. How did he do it???

Critical Lessons Learned

How did he do it?

Gotcha_TX after following the community picked up a few simple yet game changing tips:

  • Focus on the Best: Instead of constantly seeking new assets and strategies, Gotcha_TX learned to concentrate on a few high-quality assets and simple rhythm in trading. This aligns with the "Winner takes most" principle and find your rhythm emphasized by IA.

  • Professional Options Trading Techniques: Gotcha_TX gained insights into how to buy and sell options like a pro, significantly improving trading outcomes.

  • Consistency: By following IA daily, Gotcha_TX developed a consistent and disciplined approach to trading aka PROCESS.

In summary, it is not hard - here are the ingredients

  • Focus

  • Few Assets

  • Rhythm

  • Process

  • Discipline

Congrats again Buddy....

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Comments

Gerry

Woohooo, I love reading this! Congrats GotchaTX!! This inspires me to stay focussed, I have learned so much and have so much to learn still. One day I hope to see similar trade outcomes so I can take care of my friend and family, and then after that, help as many people as I possibly can :)

HappyBoo

@Splash FPV. Don’t feel bad. There are lots of ways in making money. If buy and hold works you, then stick with it. For example I am not interested in options; however, I do very well having my money in tax-free accounts. They are soooo powerful. I am up over 100% so far this year. Essentially, I have a similar philosophy as James; however, I follow Buffet’s rule of not losing more than 10%. It works for me. Good luck in your particular investing style!

Quantumjumper222

Way to put the work in!! focus on process vs outcome and good things happen.

CJ Jean

He said it was one year's salary, not 35 years : "I wish .. 1 year salary in 11 trading days . lol"

JNibz

Whoa, whoa, whoa. Everyone, everyone, hold your horses. You can say the following post comes off as jealous or envious which there most surely is some, I do have to say tip of the cap and major congratulations to GotchaTX. Absolutely inspiring. What I'd like to point out though is that using the $ dollar amount of the trade win and not the % percentage amount is most deceiving and sorry, but shame on James a bit for not pointing this out. I'm going to assume that GotchaTX had a winning trade in those 11 days of around $150k - $250k which is most impressive. And it would be even more remarkable if he or she did it with a trade account amount of say $5k. So taking $5k to $150k or about a 30X return would be very impressive. I doubt that this is what took place. I'm going to assume he or she was using a trading account of very large size. I believe we need to focus on the percentage wins more than the dollar amounts as everyone has different trading account sizes. For instance and as an example there are fund managers who trade millionaire's accounts with say $100 million. If you get a paltry 2% return for the month you have made $2 million. Hey look everyone, I made a $2 million trade! Yeah, but it was only a 2% win. Annualized that's only 24%. We all know what James says about inflation. GOOG Oct 11th 155/150 Put Ratio Spread +$66 (+489%) return since Sep 16, 2024, 1:08 AM GOOG Oct 4th 160/155 Put Ratio Spread +$103.50 (+6900%) return since Sep 16, 2024, 1:07 AM The above two trades are recent trades of mine for which the dollar amounts compared to GotchaTX's trade are laughably small, but the PERCENTAGE RETURN is most impressive. As you can see, one trade is an almost 5X return currently and the other is a whopping 69X return, and I achieved both returns in only 9 days, two days less than GotchaTX. Imagine placing the 69X trade with $10k. How much money would you have? ;) So again, congratulations to GotchaTX and also thanks to James for all that he has given of his time and knowledge. Thank you. I'd just like to remind everyone to pay attention to %'s percentages and not the dollar amounts as it can be deceiving. In the trading world trading account size matters. Much success to everyone. Have a blessed day.

shaggybrown

Congrats. Did you calculate how much risk you took?

Karian

Nice! It’s great to be part of team Success, IA, GotchaTX and many others.

Karian

Huh? This posting is three days old and I only just got it - strange.