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Q4: It's Time to Level Up with the Maxwell Market Mindset

Writer's picture: Justin MaxwellJustin Maxwell


11/13/2024


Hey everyone,


I'm back from my cruise, feeling refreshed and ready to tackle the last quarter of 2024. As we head into Q4, it's a great time to take a step back and think about where you are in your financial life—not just your trading account, but the whole picture.


Have you maxed out your retirement accounts yet?

Roth IRAs and 401(k)s are awesome tools. They let your money compound over time without Uncle Sam dipping into your gains every year. Plus, in a pinch, you can pull out your contributions from a Roth IRA without penalties. For 2024, you can stash away $7,000 ($8,000 if you're age 50 or older). I think this is super important to building wealth.


Free Yourself: Pay Down Debt and Save More

Let's talk about debt for a minute. I know it's not the most exciting topic, but reducing your debt is a game-changer. High-interest debt—like credit cards —is like dragging a ball and chain around your finances. By paying down that debt, you're not just freeing yourself from monthly payments; you're also freeing up cash that can go straight into your savings or investment accounts. It's all about increasing that gap between what you earn and what you spend. The bigger that gap, the more you can stash away to let compound interest work its magic.


Are You Taking Enough Risk?

Let's get real for a minute. How do you feel about taking risks? I'm not saying you should throw all your money into the market at all-time highs—that's not smart. But if you're sitting around waiting for levels we might never see again, it's time to rethink your strategy.


Remember, we've got defined-risk strategies and we can set stops to protect ourselves. The market doesn't wait for anyone, and sometimes taking calculated risks is what moves the needle.


Lessons from the Past 9 Months

Looking back at the last nine months, what have you learned? What are you gonna do differently moving forward?


For me, my account keeps hitting new all-time highs. I'm not telling you this to brag, but to show you what's possible when you combine saving with taking smart risks. I've built a life of freedom, and I want the same for you.


I've been fishing all my life—literally and figuratively. That's why this saying hits home for me:




GKT Is About Teaching You to Fish

"Give a man a fish, and you feed him for a day; teach a man to fish, and you feed him for a lifetime."


Good Kids Trading (GKT) is more than just me handing out trades (though I do share my real-time moves on Discord). It's about teaching you how I trade, how I save, and how I think, so you can find the freedom I've found.


I want you to understand:


- Why I take certain trades

- How to manage risk effectively

- The mindset needed to succeed in the markets





Mr. Money Maxwell's Inner Circle


As we dive into these last three months of 2024, it's time to level up. That's why I'm inviting you to join Mr. Money Maxwell's Inner Circle.


In the Inner Circle, we go deeper:


- In-Depth Lessons: Learn advanced strategies like put ratio spreads, naked puts, and more.

- Real-Time Insights: Get the inside scoop on what's driving my trades.

- Community Support: Connect with others on the same journey toward financial freedom.




Let's Make Q4 Count


So, are you ready to step up your game? Don't let another year pass by without taking control of your financial future.


Join me in the Inner Circle, and let's make these last few months of 2024 the start of something big.


👉 Click here to join Mr. Money Maxwell's Inner Circle and start your journey to financial freedom today.


Happy Trading Good Kids!


Mr. Money Maxwell




Weekly Update:


SPY: New all time high on Spy once again! I expected a little more pressure heading into the election, but it seems like the market just wants to grind higher.

RSP: This shows the overall breath of this rally. New all time high close on RSP this week.

TLT- Bonds are looking much weaker than I expected. Will the fed be forced to hold off on a rate cut?

QQQ- Teceh put in a nice bullish candle this week, not quite at all time highs. There is some pressure from Google, Tesla and Micorsoft.

IWM put in a nice weekly candle which is much needed. The small caps have been weaker than I expected with rate cuts


Week ahead:

Pretty quiet week news wise, although I expect the market to focus on jobless claims and the strength of the job market is in focus.

No dividends aristorcrats or kings this week.


Earnings cranking back up

Make sure you watch discord for any trades I take!





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Disclaimer: Good Kids Trading does not recommend the purchase of securities nor does Good Kids Trading promise or guarantee any particular investment results. You understand and acknowledge that there is a very high degree of risk involved in trading options and stocks. Good Kids Trading, its owners, its employees, and the community assume no responsibility or liability for your trading and investment results, and you agree to hold Good Kids Trading and its owner harmless for any such results or losses. Please be aware when trading stocks, options, and futures you can suffer a loss greater than your total account balance.

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