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The two most powerful warriors are patience and time - Tolstoy. A piece of wisdom from one of the world’s greatest novelist, Leo Tolstoy. Mastering the art of trading hinges on two invaluable allies : Patience and Time. In the dynamic realm of trading, it is crucial to resist the allure of quick gains and instant results. Seasoned traders recognize that success is a gradual process akin to a marathon rather than a sprint. Patience acts as a shield against impulsive decisions and rash judgments, it involves waiting for the opportune moment allowing your strategies to unfold and having faith in the process. Remember, even the grandest oak tree started as a humble acorn, firmly rooted in its place. Time, your steadfast companion, offers the space for learning, adaptation and growth. Each tick of the clock presents an opportunity to hone your skills and gather invaluable experience. Embrace it, for with time, you will unravel the intricacies of the market and refine your approach. To those among us who have just embarked upon or are early in their trading journey, keep this truth close. Embrace the learning curve. Commemorate your victories but most importantly glean wisdom from your setbacks. Every stumble is a setup for a spectacular comeback. Maintain your perseverance, sustain your focus and recall that even the most great traders were once beginners too. Your path may be challenging but it holds immeasurable worth. Trust in yourself, have faith in your process and let patience and time illuminate your way forward.

I will remind you this until it sticks. 5–6% a month is amazing. You pull that off consistently and you are a great trader. Don’t let anyone else tell you otherwise. 6% a month compounded over a 12 month period is a 100% gain on your account. 100% not good? What are you smoking? Social media can give unrealistic expectations about the type of returns you should expect from trading. Everywhere you look a trader is flipping his account overnight and is turning Lacs into crores. Then you have traders who manage to make 4–6% a month and they end up feeling discouraged because of what some clown put on his twitter. If you manage to make 4–6% on a consistent basis, you are at the top of the game. It’s world class, you become wildly rich off that return. Whatever you want, you can get there with those low hanging objectives. Dream big, shoot for the stars but also be grounded in reality. Don’t be delusional. Delusion will lead you nowhere but to a future filled with disappointment. And I don’t want any of that for any of you.

Trading in the markets is very boring. Boring is never easy. I repeat the same boring process day in and day out with discipline because that boring process makes me money consistently over the long term. You want easy money? Take your money to the Vegas. This is not the place for excitement. This doesn’t sit right with many people but this is very important. The truth is, if your palms are sweaty, you are hollering with joy the second your target gets hit or you are cursing your screen when your stop loss gets hit, you are a gambler. This is not supposed to be fun. You should not be excited when in a trade. And the outcome of the trade should not really make you feel anything. Here is what goes on in my mind when I am trading. I got a winning trade - Cool. On to the next. I got a losing trade - Cool. On to the next. I stay very detached from both and there is not a moment of excitement in my trading. To be blunt, it’s very boring and there is no easy money. Boring makes me money. Professionals keep executing the same boring process. Gamblers look for a rush and easy money. Only one of these classes of people remain in the game by long term thriving. And I think you know which one that is.

Why do casinos make consistent money on an event that has a random outcome? Because they know that over a series of events, the odds are in their favor, they also know that to realize the benefits of the favorable odds, they have to participate in every event - Mark Douglas. The secret is simple. Be like the casino. The casino doesn’t give a damn when they lose a hand. When someone wins, they don’t break down, get emotional, change up their system. They understand that losses will occur. They understand that short term results are random. But they also understand that over a long series of bets, their edge will play out. The key is to have a long term perspective. Many of us have a working trading strategy, it is not difficult to find one these days. The problem is you get attached to the short terms results. Start thinking like the casino. 🎰

Don’t forget, 5–6% a month is amazing. I know it doesn’t seem like it because you go on social media and see people claiming they made 100% on their accounts month after month. Most are bullshitting, trust me. With the power of compounding and patience, you can make some good money. If you don’t believe 5% or 6% a month is a good return, sorry to break it to you but you are delusional. This is a superb return. It just doesn’t seem like it when you do the comparing game on social media. And most of the people you compare yourself to are not real. Make a return of 5–6% monthly. Compound your profits month after month. And I had bet you would be surprised by how quickly it adds up.

A very volatile month but still Algorithms managed to close in green or minor losses. 👍

Option buying 2.0 was introduced in Feb 2023 . It has given a return of 22.37% in the last 7 months. Remained volatile most of the months as that's the nature of option buying even if you do it manually. In option buying it comes down to having a long term perspective. If you cannot keep that, always better to go for option writing.