July 6, 2024
Property and Financial Crimes

Marine became Millionaire Trader using 3 Simple Options Strategy



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You will learn:
03:41 Trader’s background of Eric Smolinski
10:59 How Eric started options trading
17:04 Master risk management at the portfolio level
24:57 Managing risk at the strategy level
31:56 Millionaire Trader Roadmap
34:56 Eric’s systematic trading plan and preparation process
40:54 How to use data tracking systems to backtest trading strategies
49:15 Marine Corps experience helps his trading
55:56 Biggest trading win and loss (Dunning-Kruger Effect)
1:02:05 How to start options trading properly and avoid common pitfalls

Erik Smolinski is a marine veteran turned millionaire options trader. With 16 years of trading experience, Erik achieved the remarkable feat of turning $2000 into millions through a risk aversion trading strategy. His journey is nothing short of inspiring. Seeing the financial burden on his mom who single-handedly raised him, he started hustling multiple gigs such as wood cutting during his high school days, and discovered stock trading as a way to generate compounding wealth.

Unlike many other options traders, Erik stands out for his strong emphasis on risk aversion and meticulous risk management. In this episode, Erik will break down common myths about trading 0DTE options and share his insights on how to approach 0DTE options with proper risk management and a consistent trading process.

#millionairetrader #optionstrading #0dte #options #tradingstrategy #traderpodcast #traderpodcast
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses.

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31 Comments

  • Salute to the Marines 👍
    Comment your questions for Eric about his trading strategies and interesting career experience👇

    Day Trading with Humbled Trader Community: https://bit.ly/3xz5GLk

    Get Free Stock Watchlist & risk calculator: https://bit.ly/3VFsXmN

    My own stock scanner Stox.io: https://stox.io/?utm_source=youtube&utm_medium=video&utm_campaign=ht_main

  • @Serilda_Kunz78 June 28, 2024

    your videos are great, i am lowkey shocked🤎

  • @rusty4150 June 28, 2024

    Goner watch this again and take notes, one of the most thoughtful guys ive listened to. Thanks Shay

  • @Money-Easy-Plan June 28, 2024

    , that stands bs before work is in the dictionar

    Your influence is transformative! 🌟 _ "The road to s

  • @theendoffaith5903 June 28, 2024

    NETFLIX they saying you like a VHS 📼 🥴

  • @jaytechpinoychannel June 28, 2024

    nice talk more power

  • @masonmount5995 June 28, 2024

    What capital does he have if big. I bet he will get big

  • @Untheiceman June 28, 2024

    I’m a billionaire in my trades I’ve seen especially in 2008 1000 point moves in Dow crazy moves we should see again to shake up the world a bit. With all that money how would I have turned out to be. Money changes people quickly. Was Jesus rich ❤

  • @Untheiceman June 28, 2024

    Is the act to getting a lot money take an evil element to make that happen. ?I’ve been trading since 99 really

  • @Untheiceman June 28, 2024

    Options is a depreciation asset so stay moving rolling further out as you trade the trend

  • @bilw1960 June 28, 2024

    As it tends to be a solitary profession, its great to learn from the stories of other Traders.

  • @72CrossingRS June 28, 2024

    Thank you both for nuggets of info. New to this journey but wish I had been in a better place years ago to start. As his Mom, I also was a single Mama whom worked hard for us to have needs met. Was never much left, if any after all bills. We did make it through and now the learning of trade starts.❤❤❤ Again thank you both for sharing your journey.

  • @LiveLong88 June 28, 2024

    Rahhh 🫡

  • @shawnzamir1 June 28, 2024

    I would love to listen 20 to 25 min but 1 hour and 27min talk too much. It would be better talk to the point.

  • @shawnzamir1 June 28, 2024

    Thanks for the information but didn't help too much. He didn't explain step by step how he pick and execute the option.

  • @supercruchynoodle June 28, 2024

    Thank you for interviewing a second successful options trader Shay! V interested

  • @Money-Easy-Method- June 28, 2024

    Your content resonates globally! ♦ "Success is an ongoing, ever♦evolving journey."

  • @ecomwebspacedotcom June 28, 2024

    54:40 All time favorite artist Bryan Adams is a Canadian 😍

  • @rayrogalski2756 June 28, 2024

    Great experience given to learn

  • @izuddin1978 June 28, 2024

    Thanks for sharing….

  • @bullringtrading June 28, 2024

    Excellent podcast again ❤🎉👍🏼💪🏼👏🏼

  • @options888 June 28, 2024

    What 3 strategies did he mention?

  • @ChristianGutierrez June 28, 2024

    A lot of general life advise, and the type of speak that only seasoned traders understand 😢

  • @GM4ThePeople June 28, 2024

    how u baktes bro

  • @kpb-fe7wo June 28, 2024

    A Fantastic and informative interview. Well Done!

  • @chcowboy5410 June 28, 2024

    ORM BAMCIS nice.

  • @s404n1tn0cc June 28, 2024

    What no stop loss.

  • @alexandermarcek1096 June 28, 2024

    great discussion…thnx

  • @Wild_D June 28, 2024

    Commander?????? That just means he's like a platoon leader or some s*** This guy could have just been a Lance corporal 😂😂😂

  • @deniscity7247 June 28, 2024

    You asking them for any money proof

  • @JamesSmythe-fr9ju June 28, 2024

    Complete adaptation of the schooling we receive in the Corps: strategic/operational/tactical levels of thinking/analysis/planning/decision making; gathering as much intel (data gathering and risk management) as reasonably possible in the time afforded; brutally honest After-Action (post-trade) analysis; ensuring a thorough understanding of the area of ops (particular market vis-a-vis chosen instrument) before ever placing a trade.

    Smolinski, yours is the channel I have been looking for. Just joined, and headed over to your Patreon to check it out.

    Former MOS 6002 Aircraft Maintenance here. Congratulations Marine. FITREP will reflect. 🤙

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