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Who’s the Better Trader – The Tortoise or the Hare?

Who’s the Better Trader – The Tortoise or the Hare?

Posted On December 28, 2022 3:21 pm
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Dear Reader,

You know the old story about the tortoise and the hare.

The tortoise and the hare end up in a race. Because the hare messes around and doesn’t take the race seriously – he ends up losing the race even though he is much, much faster than the tortoise.

When it comes to trading and investing, you will find professional advisors will tell you that you need to be the tortoise.

Plod along with a set plan, over decades you will slowly and steadily build a net worth that can provide for you in retirement.

On the other hand, you will find crypto enthusiasts and meme stock pickers tell you that you can get rich this month! Just invest in the “meme” of the day.

I’m more on the tortoise side – except I don’t see any reason that it should take you decades to build your net worth.

For example, someone who dedicated just $10,000 to our Options360 trading portfolio when we launched, made every trade and adjusted for proper position sizes…

Would have over $500,000 in their account right now.

It took seven years to get there, not seven weeks – but it’s a heck of a lot better than if you had just put your money in the SPY, like most advisors would recommend.

So think of my way as a turbo charged tortoise. One who has a plan, sticks to it, and grinds it out…

But one that gets results in a fraction of the time it would take you if you followed more “traditional” investing advice.

Right now is the time to cue up to make 2023 your best year ever.

Just click here and claim your trial subscription to Options360, right now!

To Your Success,

Steve

About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.