Bryan Agosto | Landshark Coach
I was able to start off with close to $50,000 in profits the first two months of the year during that volatility then had some losses in April but came back in May making about $7,000 in the first two weeks. For me managing my own money is important not only for me, but for my family and for the future.
I'll tell you a little about how I like to do it. Most of it comes from my training as an instructor at Landshark: I keep an eye on a few names and I tend to keep my risk smaller in my IRA than my regular brokerage account. Now since I work during the day I have to place orders from my phone which is easier than it might sound. For that I like to use trading alerts that the Think or Swim trading platform offers. Now, I trade options in my retirement account through Fidelity but I still use the Think or Swim charts, I just set alerts so I know when to engage.
I know there are a lot of strategies for retirement investing and buy and hold is not really one I want to use right now in the stage of my life. For me, I trade a volatility and options strategy in this account pretty exclusively. (Click on the image below to see some of my trades)
There are obviously some rules and restrictions when going about trading within retirement accounts. Though, there are also some great tax benefits and if you're learning to take control of your financial future then part of that is being forward thinking and trading within an IRA or similar.
We discussed in a 3 Part Series a little about retirement investing.
We're going to expand on this topic of investing within an IRA and also trading for income in what we call an 'aggressive trading account'. This way you can trade in combination and get the best of both worlds.
Next Thursday at 8:30pm EST we'll be holding an open webinar on his insights to begin trading within an IRA as well as insights to trading a standard 'aggressive portfolio'.
You can register for that here.