I think it’s important to have big goals in life.
Goals you can work toward.
Goals that seem out of reach to many, but that you know you have a real shot at.
The kind of goals that let you put your head down, focus, and trust the system.
I’ve been trading for 8+ years.
At this point, I know what I’m good at and what I’m not.
It turns out I’m only good at a couple of things, and that has been more than enough.
I’m a very good overnight momentum trader and a higher-time-frame over-extension trader.
Overnight momentum is simple.
I take strong stocks long overnight into the close, and weak stocks short overnight into the close.
Higher-time-frame over-extension trading is also simple.
I look for big reversals after something has been blown out for weeks, months, or even years.
That’s it.
Those are my two buckets.
My goal is to make $100 million trading within them. I’m not sure how long it will take, but that’s the goal.
But there are caveats.
Rules that matter to me.
Constraints that keep me grounded and doing the right thing.
With overnight momentum, I only take trades that show up in my three filters, and I put them on no earlier than the last five minutes of the close.
Most days, I trade for 20–30 minutes.
I’m always plugged into what’s going on, but I care deeply about other things too.
I own a small business (the one this blog lives on).
More importantly, I work for a company I love.
A company you’ve probably gotten to know and love over the years as a trader.
I also don’t like leverage anymore.
Trading without leverage is important to me.
So yes, I have big goals.
But I’m risk-averse in very specific ways:
- I only trade what shows up in my filters
- I only trade a small window each day
- I compare myself to myself, not to others
- I don’t use leverage
I have big goals.
I’ll get there with time.
And honestly, the journey is the fun part.
Best,
Kyle
Disclaimer: The journey is only the fun part once you’re doing the right things outside of trading. That means making enough money, saving enough, investing enough, and living a fulfilled life doing things you love with people you love, while taking care of yourself. For a long time, the idea that “the journey is the fun part” never made sense to me because I was doing almost all of those things wrong.
