The What and How of a Sprint

Written By David Botchway

Before I get into the meat of this post I want to begin with a short example to illustrate the spirit of everything we are setting out to do. Attached is post of monks who walked on foot from Texas to Washington D.C for a walk for peace. These monks walked on foot from Texas to Washington D.C in 15 weeks. Can you imagine the impact of a 105 days of sustained intention?

https://x.com/rainmaker1973/status/2021846993820164214?s=46

THE WHAT:

So what is a sprint? Let me direct your eyes here:

A sprint is week after week of sustained intention. With a $500 start so the goal can be capital conservation instead of a scramble for profit.

To hit the gain goal week after week creativity is a must and exposure to 2x or inverse ETF’s is highly recommended.

The fiscal and spiritual journey is interlinked. You truly have to live the budget. Pay yourself like a bill. With proper goal setting compound interest and time will be on your side. Wealth is having options; play the long game.

THE HOW:

When it comes to your trades act like you already made the mistake. Options are a bidding war for VOLUME so the best thing you can do for yourself is to stop OVERTRADING.

It is about about pattern creation and developing true trust with yourself. I like to limit my exposure to 2-3 contracts at a time so I can keep my eye on them on-the-go.

A adage my mentor passed to me that I’ve ironed in my head is, “ saving creates opportunities.” RISK MANAGEMENT is paramount. Always ask, does it make sense? Aim for moves you can predict on a chart with technical analysis.

THOUGHTS:

Here is a brain dump of pertinent information for your own sprint. In my following posts I will detail the three traits of a winning trade and how to handle it. For now this info-stream:

  • Friday is a choppy trading day, notoriously news waits until the market closes to bomb the markets come Monday.

  • Following up on this wait till end of trading day to scope out plays

  • remember 25k you on your way

  • delta $ you make and thetha $ you lose

  • buy initial contract (at dip) aim for low thetha, high delta (reward to risk)

  • treat the experience like learning a sport

  • paper trade for practice

    and finally be religious about the cut at 25% profit. See green, clear the screen. :))

David Botchway
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UBER TRADE ANALYSIS