Your $10,000 a Month Journey: Unlocking Profitability with Discipline & Education

In this episode of How To Trade It, Casey Stubbs introduces the topic and the goal of generating $10,000 a month from trading because he truly believes that he can help people find profitability, escape from jobs they dislike, or simply provide additional income.

Casey shares some personal information, including how he started TradingStrategyGuides.com, being married with nine children, and his love for outdoor activities and travel.

Casey’s trading journey started in high school with an introduction to trading from his father.. He shares how he turned $800 a month in the Army, into over $30,000, by investing in the markets. Casey also discusses trading while working overseas and on deployments.

Casey highlights the benefits of trading, including financial freedom, work-life balance, the ability to support a family, freedom to travel, improved relationships, and peace of mind. He acknowledges the challenges and mistakes he encountered along the way as well.

Casey candidly discusses the storms he faced in his trading journey, including self-sabotage, lack of knowledge and patience, lack of discipline and a solid plan, jumping from system to system, financial constraints, lack of mentorship, time constraints, emotional struggles, and market manipulation.

In this episode you will learn:

• The importance of finding a trading system and sticking with it
• The significance of execution/lack of execution
• The benefits of having a mentor and coach
• The need to start small and avoiding trying to get rich quick
• The misconception of treating trading as a casino and the importance of building a solid foundation
• The role of mindset in becoming a successful trader
• The value of belief, eliminating negative thoughts, and working on the system

You don’t want to miss it!!! We're gonna help you create your own plan, and then we're gonna walk you through it, says Casey at @TradingStrategyGuides.com of his new coaching program. Join us on this episode of How To Trade It to find out more! Click To Tweet

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Profitability: Journey to $10,000 a month:

• Education, learning, mentoring
• Execution
• Start small
• Get a consistent profitability track record
• Scale your account
• Reinvest your earnings

What kind of trader are you?

• Swing Trader
• Day Trader
• Scalper
• Automated Trader
• Institutional Trader
• Professional Trader
• Prop Trader

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“The J Curve”

The concept of the J curve in trading is a significant topic discussed in this episode. It emphasizes the importance of starting small and focusing on consistent gains over time. Casey compares the initial stage of trading to being underwater, where losses are discouraging and common.  However, by maintaining focus on execution and steadily improving, traders gradually move from losses to break-even levels and eventually start making profits.

The J curve signifies the trajectory of a trader’s progress, starting from the zero mark and gradually moving upward. Casey emphasizes the need to concentrate on small gains initially, highlighting that even making a dollar a day is crucial in the learning process. The analogy extends beyond trading, relating it to other skills or endeavors, such as learning a language or picking up a new sport. Just as improvement in these areas requires patience and consistency, trading also demands a similar approach.

The J curve exemplifies the journey every trader goes through, showing the importance of building a solid foundation and executing trades with discipline. While acknowledging that scaling up can be faster with prop firms, Casey points out the need to follow the necessary steps and not skip crucial components. Discipline plays a vital role in a trader’s success, as lack of adherence to rules and risk management often leads to failure. Likewise, Casey stresses the significance of accountability, education, and having a trading strategy, which are provided through his coaching program to help traders navigate the J curve and reach their financial goals.

Connect With Casey Stubbs

• Website:     https://caseystubbs.com
• Website:     https://tradingstrategyguides.com/
• Website:     https://globalproptrader.com/
• YouTube:   https://www.youtube.com/TradingStrategyGuides
• YouTube:   https://www.youtube.com/caseystubbs
• Twitter:       https://www.twitter.com/caseystubbs
• Facebook:   https://www.facebook.com/TradingStrategyGuides
• LinkedIn:   https://www.linkedin.com/in/caseystubbs/   

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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.