Updates to the Course and How to Use the Legacy Profits Club

Super excited to launch the Legacy Profits Club this week. Some things in it will feel very familiar. Some things will be completely new! The goal is to help you start making consistent money in the market. So, let's talk about how to get the most out of it.

Risk Management:

Stop Losses: I'll be giving the exact entries and exits on each trade as well as the stop loss requirements.

Position Sizing: I always base my position size on the potential downside risk. Here's what the grading system will look like:

A+ trades : Best risk to reward ratio, full position size.
A- trades: Good potential, slightly higher risk, 75% position size.
B trades: Moderate risk, half position size
C trades: Highest risk, 1/4 position size.

Make sure you have watched the risk management portion of the course AND I highly recommend the risk management workshop I'll be hosting next week to fully understand risk on these setups.

Trade Execution:

As long as market conditions allow, I plan to release 3 trade ideas each week to the legacy profits club:

Earnings trades: Notifications on as I will only give a few minutes notice on these.
Small cap swing gaps: Set and forget trades. These will last from a day to a month.
Wheel Strategies: This will be for those with medium size accounts to generate income while waiting on long term investments.

Updates to the Course Tab:

This is a BIG ONE! To make it simple, I've simplified the trading course by removing some of the setups and adding some NEW setups for you to learn. Go watch them ASAP!

Let's make some money next week!

✌️- Derek

P.S. Let me know any questions you've got or what you're most excited about in the comments!

4 comments