👉 Be sure to join our live stream each day here on Youtube 10:30AM -12pm and 1:30pm-4pm each day.
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on guys so um somebody asked me on the live stream what my biggest month was uh I’m going to get into some of it I have a uh I have an answer and uh I’m going to show you some things down memory lane but uh before I get into that we stream live every day 10:30 to noon 2:00 p.m. to 4:30 uh if you like these types of videos smash the like button subscribe uh also so if you want
To support the channel use coupon code Cove Trader it works at all the prop firms and it gives you the biggest discounts there ah let’s jump into the money so I would say so I’ve been doing this since 2007 and I’ve had some great months some not great months um I mostly stay consistent to be honest with you for the most part obviously some months provide a better jump than others where hey like this stock I was in you know went
Up 40% and you know I was in options and whatever whatever happened and then sometimes it’s just the world environment the market itself either drops a lot runs a lot you know just for argument sake I’m just going to show you before I get I know you all want to see the money but hold on one second you know like here’s the monthly I just want to show you just gonna show you real quick on you know I want to talk
About this also like sometimes there’s opportunity hey you know we put in a massive candle you know massive candles over and over again uh great opportunity you know where we are right now and we’re kind of the last two months we’re chopping around you know we chopped around in uh in January I mean this was a big chop month um if you go to the Daily obviously you know this is where you don’t make a lot of money because either you
Know you think you’re going to make new highs or it’s going to drop and you just kind indecisive so this is where you don’t make a lot of money where you’re making a lot of money is when you’re getting runs like this or drops and that’s where you’re making the majority of their money so here’s a couple screenshots I dug up on my phone uh my biggest month was was definitely into the six figures it was definitely into the six figures
These screenshots are from March 2020 um you know we had the the virus happen the pandemic happened I made a lot of money shorting the market and then on March 20th I lost about nine grand which was the bottom and then I flipped long um yeah it was a wild time and we’ll just start off with some team ones that one was about four grand that day was about $10,000 there’s another $88,000 day uh I was in mind you my port
My the money I was playing with was not like 100 Grand that I can tell you I I had a lot of money in my trading account you know I had a decent amount of of money in my trading account and you know I was making pretty good money every day um these were a pain in the ass to save off my phone and send because you had to scroll all the way back to 2020 and send one at a time
I have a bunch of other ones um it was all around the same G it was like days a weeks on end of 4,000 to $115,000 days um there was a lot of days that were over $10,000 um it was wild and this kind of continued from 20 from March for like a couple months on end to be honest with you as we just continued up um I I I was just making money every day and this is why I tell
People like if you can get on the right side of the market um you know if you could get on the right side of mar here’s another one that was a massive massive day I mean what is that 177,000 28 32 I I I I smashed um I believe that was I’m trying to think this this was taken March 13 2020 I don’t I’m trying to put everything together to be honest with you but those are the screenshots I have I
Looked back on uh a brokerage statement that I had and uh it was it was way into the it was into the six figures um it was it was super it was crazy but uh yeah it was good but guys the that’s great but you know how many people made that money and then lost it when the market ended up turning around right here everybody made obviously people shorted this I definitely shorted this lot of people made money on this this
Was like you know a a year of just going up right so many people gave it all back right here all back I know people that got the destroyed I knew somebody that built his portfolio up to over $8 million and by the time this was done he was left with like two and a half so just think about that and that’s I’ll be honest with you I took a lot of my money out of what I was doing so I
Have a bunch of different accounts I have the accounts that you see me trade on uh during the stream and then I have like quote unquote retirement accounts the reason I move money to the retirement accounts is I never buy options in the retirement accounts they’re only to sell puts and to hold stock dividend stocks selling puts things that constantly make money while the accounts that you see that I trade with I will buy options that expire but they can expire
Worthless and my money can go to zero and I don’t want that to go I don’t want to end up in the boat of I gave all my money back to the market so I set aside money that you see me trade with every day and that’s over six figures but it’s one of those things that I can’t lose my retirement account you know it’s giving me dividends it’s uh you know I’m selling puts that are like you know 6 months
Out that are far out just to collect you know just to keep collecting on on companies I would like to own that I know going to be around forever like Amazon and Google you know meta things like that it’s super not risky while the ones that you see me trade during the day are obviously more aggressive um but yeah it’s easier to make money in the markets super hard to keep the money so that’s my advice is you make the money
And once you hit a certain level start moving the money to another account and that account becomes more conservative it it becomes you’re not buying options you know maybe it’s just in dividends or or it’s in U you know one of those like Charles Schwab growth accounts where like like you know they’re giving you dividends they’re growing it and it’s just a safe haven for a large chunk of your money and that’s what I would do but I wasn’t trading Futures
Back then I wasn’t trading prop firms you asked me what my biggest month was and um it was it was definitely um it was definitely into the six figures um do I trade like that now not really I’ll be honest with you I’ve taken a lot of that money out and I put it in my retirement account and I don’t want to lose it so I have traded less aggressively over time you’ll see me still make you know two $3,000 a
Day you know you’ll see me lose a th000 you’ll see me lose 2,000 but what you don’t see is you don’t see me making $115,000 in a day anymore you don’t see me losing five ,000 in a day anymore um you know I I was having crazy swings and I’ll be honest with you is starting to catch up to me after a couple years of going I went really hard during the pandemic because I had a lot of time in my
Hands the markets were primed to take advantage of it and I really um I really went for it I went for it it paid off and then um you know I just had to take a step back I mean you know I obviously gave some money back when we reached the top uh when I thought the top was kind of was in this area where we weren’t going up anymore we kind of broke below the lows and I was kind of
Like all right this is the part’s over here um I took a lot of my chips off the table and uh you know I slowly bought stocks of things in my retirement account and I’ll be honest with you as I was buying them in my retirement account uh I was obviously losing money because I was buying little by little as things were dipping and um yeah at one point I was kind of like what the hell is going on we’re down
A ton I pretty much bought all the money I had um probably by this point I was probably in everything I had um I I invested Ed all the money I made into my retirement and then um you know obviously we popped came back down and I was not I I was praying we weren’t going to go back down to lows uh but I was doing everything I knew I should do you know I took the money off um I let
The markets drop a little bit but you know when we go from 15,000 you know to 13,000 you kind of think hey man we just dropped 10 15% you know time to get in and then um but obviously it paid off I mean look where the Market’s ripped to so you know I made a lot of money on the way up I took my chips off I started getting back in probably somewhere around here I obviously went down as we went
Down and then uh it obviously has paid off um pretty well but uh you know those are that’s my advice that’s my biggest month and like I said it’s easy to make it the hardest part is keeping it so that’s why I always say move it to another account and put that account in uh a lot of safety stuff so it’s constantly making you money where you know if you’re making $45,000 a month in dividends now you got a safety net
Of $45,000 a month which is awesome so it’s one of those things you know I uh I like what I’ve done do I think we’re approaching a top soon I think the next CPI number is going to tell us a lot if it’s hot again I would uh definitely be careful do I think we’re going to break out here it kind of looks like we’re going to um but I am definitely cautious and I would love nothing more than a pull
Back to like 18,000 so we’ll see what happens all right I hope you guys have months like this and if you make the money I hope you keep it
Leave a Reply