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Earn Your Leisure

The 300 Trade Rule Why You MUST Practice Before Going Live!

Earn Your Leisure

iHeartPodcasts

Business News, Careers, News, Entrepreneurship, Business, Education, Investing

4.97.9K Ratings

🗓️ 28 February 2026

⏱️ 8 minutes

🧾️ Download transcript

Summary

This trading tip is about leveling up the right way: size up only after you have earned it through reps and time in the market, but never change your risk profile. The key is to keep your stop losses, targets, and discipline the same as you scale from 1–3 contracts into larger size, so you can actually benefit from big moves without getting sloppy after wins or emotional after losses. Practice relentlessly (hundreds of quality trades), then graduate in stages, staying conservative and consistent so you can stay in the game long enough to win big.

 

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Transcript

Click on a timestamp to play from that location

0:00.0

What's the trading tip of the week?

0:05.0

I keep getting pushed back on these contract sizes.

0:08.8

When I did episode 70 with them, I want to be clear because I see what kind of move Rashad is.

0:15.6

So I'm being the same mood.

0:16.7

I feel you, my brother.

0:18.4

When I did the episode in 2020, that was my six-year trading futures.

0:24.6

Not everyone wants to trade one to three contracts forever.

0:28.0

At some point, you're going to have to size up in order to have freedom.

0:32.0

If you're new here, my rule of thumb has always been 300 practice trades and then go live.

0:39.3

But you can't put a baski out on your wall trading one to four contracts.

0:45.2

Put in chat, I deserve to size up to become free.

0:50.1

Practice like crazy.

0:52.7

But once you get two years in, you need to be in that 10 to 15 contract

0:58.3

range in order to make the moves that you're making in the market worth it trading has

1:03.0

considerable risk please consult your advisor you have to love this game inside and out and be

1:08.4

dedicated to it but you know it really sucks catching a seven or

1:11.9

800 point move on a NASDAQ and now and you're a one contract in you may have caught one of

1:17.8

the best moves of your life and then when you transfer the money it doesn't feel like you had any

1:23.2

significant value so you got to sell so I want to know it's very important. I was going to pause you,

1:30.6

but I'm not going to pose you because this is too important to play. Go ahead.

1:38.4

You saw you got a size up. That's crazy. But not it's true. And when I was watching your presentation, I'm always looking for like just new information. So even when you talked about contracts being the same price in futures, right, which is very different in options, which is almost made me unraveled the level of discipline

2:02.3

that I usually have because I started looking for contracts that would be more appeasable

...

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