Visit Inside Out Trading for resources to help YOU become a winning trader – because success in trading comes from the inside out! https://insideouttrading.com/ytcp
Tony Pawlak transitioned from a dedicated truck driver to a full-time trader, Tony's journey is marked by perseverance through significant setbacks, including a near $100,000 loss and overwhelming debt. Undeterred, he learned from his mistakes and ultimately achieved extraordinary success, realizing annual returns of 200-400% from his trading activities.
Today, Tony is a revered master coach at Real Life Trading, passionately committed to empowering others with the knowledge and strategies he painstakingly developed. With over 2,000 hours of personalized coaching annually, Tony offers a unique approach to stock trading, guiding his students towards financial independence and freedom. His mission is to demystify the stock market and help others achieve success through the innovative strategies he honed through his own experiences.
Show Notes
- Tony emphasizes the importance of treating trading like a business. This involves planning for expenses, managing risks, and understanding that losses are part of the process.
- He stresses the need for calculated risks and setting clear profit and loss limits.
- Tony shares personal stories of losing money and the psychological impact of needing to make substantial profits to cover bills.
- Tony details his strategy of using short-term credit spreads for consistent returns.
- He highlights the flexibility of trading, noting that it can be done from anywhere and at any time, thanks to global markets.
- Tony describes Real Life Trading as an organization with around 15 members, each specializing in different trading areas such as options, futures, day trading, and investing.
- We discuss the potential impact of AI on trading.
- Tony emphasizes the importance of understanding where large options contracts are positioned, as these levels often act as support or resistance and can predict significant market moves.
- Brian explains that covered calls offer zero risk of loss on the stock itself, only the potential missed profit if the stock's price exceeds the strike price of the sold call.
- Tony explains the need for a margin account and typically a level two options trading approval.
This podcast is brought to you by https://InsideOutTrading.com, where the focus is specifically on CONSISTENCY, so you'll find all sorts of unique resources to help you trading profitably and with confidence.
- Book a free consultation with Brian here 🡪 https://insideouttrading.com/book-a-call-w-brian/
- Consistency Training for Traders 🡪 Consistent Profits Training For Traders – Inside Out Trading
- The Proven Formula for Consistent Monthly Profits -- https://insideouttrading.com/
- "Enough To Be Dangerous" short report --- https://insideouttrading.com/enough-to-be-dangerous-report/
- Work with Brian -- https://insideouttrading.com/schedule-a-call-with-brian/
About the podcast
- On Spotify - https://podcasters.spotify.com/pod/show/brian-mcaboy8
- On Apple Podcasts - https://podcasts.apple.com/us/podcast/consistent-profits-podcast/i
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
Ridiculous History
History is beautiful, brutal and, often, ridiculous. Join Ben Bowlin and Noel Brown as they dive into some of the weirdest stories from across the span of human civilization in Ridiculous History, a podcast by iHeartRadio.