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[Cashjunky Review] Is Cashjunky Legit? – Read This And Be Alert

[Cashjunky Review] Is Cashjunky Legit? – Read This And Be Alert

is cashjunky legit

Some people are skeptical about whether or not is Cashjunky legit. After all, it’s a website that promises to help you make money online. But can you really trust it? Is it a scam, or can you actually make money through this site? In this blog post, we’ll take a closer look at is Cashjunky legit and see what users have to say about it. So read on to find out more!

Are you planning to join CashJunky.co hoping for extra money from home? Before doing that you must do research to make sure that your time and effort won’t go to waste. This post will help you understand why Cashjunky.co is NOT what it claims to be and how your best interests can remain unthreatened by this platform’s fraudulent practices. The truth is that CashJunky.co isn’t what it claims to be and in this review, I’m going to help you fully understand why staying as far away from their platform as possible would ultimately benefit YOU!

What is Cash Junky and What Does it Sites Offer to Users?

CashJunky.co is an online rewards program that gives members cash back for shopping at their favorite stores or doing specific tasks in return to earn some money. Members can earn cashback on every purchase, and there are no limits to how much they can earn. In addition, CashJunky offers exclusive deals and discounts at hundreds of popular retailers.

CashJunky.co Overview

  • Founder: Unknown
  • Income Potential: $0/Month (It’s a Scam)
  • Official Website: cashjunky.co
  • Joining Fee: Free to Join
  • Release Date: 30th of October 2020
  • Pros: Free to Join
  • Cons: Everything is on this site are SCAM

How Does Cashjunky (Scam) Work?

Do you know how it’s always a bad idea to get stuck with an un-conveniently located loan company? Well, that is exactly what will happen if you sign up for CashJunky. They offer 50 dollars as your sign-up bonus and promise even more money from completing simple tasks.

Some tasks that you need to complete to get more rewards are the following:

  • Install different apps
  • Completing surveys
  • Create an account for free trials
  • Make referrals
  • Using social media to promote, and more

However, after you did every task CashJunky will never really pay you any of the money it promises. The sole purpose of this company is to generate revenue and they do so by offering different incentives, like an incentive in form of cash if someone signs up with them before your due date (a little trick we learned from experience).

CashJunky is a company that specializes in converting free trials to a paid membership. They do this by leveraging their ability to offer users an opportunity and incentive for completing tasks within the platform, such as downloading apps or submitting surveys with your email address attached so they can later be upgraded into paying memberships if desired- all while pocketing some money along the way!

How Do You Make Money with Cashjunky?

There are a few different ways to make money with Cashjunky. The most common way is to sign up for their affiliate program and promote their site. They offer commission rates of up to 25% on sales generated through your referrals.

Another way to make money with Cashjunky is by publishing sponsored content. They work with a number of brands and businesses that are interested in reaching our audience, and they can provide you with custom content packages that fit your needs and budget.

Finally, you can also make money by referring other publishers to their program. They offer commission rates of 10% for publishers who refer others to us.

Pros and Cons of Cashjunky

Are you considering a switch to Cashjunky? Before making your decision, read this post for a breakdown of the pros and cons. As with any financial decision, it’s important to weigh all the options and make the choice that’s best for you. So, what are the benefits of using Cashjunky? And what are some of the potential drawbacks? Keep reading to find out!

CashJunky.co Pros (Advantages)

The sole advantage of CashJunky.co is that it is completely free to join.

CashJunky.co Cons (Disadvantages)

Fake Website

  • Cashjunky has been reported to be a fake website that aims at extracting personal details from users and also manipulating them by using the latter for surveys which they will get paid for but won’t give back your money.

Unknown Owner

Contact Information is Fake

  • Its entire contact information is fake. CashJunky is a platform that pretends to be an active community where members can get rewarded for sharing their unused cash with other people. However, the reality of this “community” is much different than what you would expect, all messages seen on Cash Junky’s pages were planted by its owners as part-payment in order to trick users into thinking it was actually legitimate and paying off nicely!

Fake Company

  • CashJunky claims to be a division of CashJunky PTY, a well-known online and media corporation based in El Segundo, California. However, there is no corporation registered under the name CashJunky, PTY in US-based corporate databases.

Deleting Your Account

  • Not only will CashJunky.co never pay you, but after requesting a cashout of your earnings they’ll shut down your account using as an excuse that fraud was committed and all fake clicks were recorded in the system!

One of the Huge Scamming Network

  • Cash Junky is a part of an enormous network that has scammed millions over the past few years. They use many similar techniques to make their fake promises seem legitimate and get you on board with them, but it’s never too late for people who are smart enough not to fall, victim!

High Chance Of Hacking

  • There are risks associated with accessing CashJunky, such as the possibility that you could be infected by viruses and malware onto your devices which would enable hackers to access sensitive information about yourself.

Do You Actually Get Money from a Cashjunky?

There is no one answer to this question, as there are a variety of ways to make money from cash junky.com. Some people may choose to complete offers and receive payments for doing so, while others may promote the site or products available through it in order to earn a commission. There are also opportunities to make money through referrals, and many other methods.

However, the bottom line of this is after doing all those tasks to earn money you will never get a penny from CashJunky.co. It will never pay you any cent of money.

Is Cashjunky Legit or a Scam? Red Flags!

CashJunky is a SCAM! CashJunky.co is a waste of time and energy that’ll never pay you even if your life depended on it! It is a fake website that pretends to be a legitimate source for quick cash but in reality aims at extracting personal information from users and also manipulating them with surveys they will not pay you.

Make Money Online: What are the Best Possible Alternatives to Cash Junkie?

Consider checking out the following if you’d want to make some real money online.

Swagbucks

Online reward site

Swagbucks is a loyalty program that rewards members for engaging with the Swagbucks platform. Members can earn points (called SB) by completing activities such as taking surveys, watching videos, shopping, and searching the web. Points can then be redeemed for gift cards or cash deposited into a PayPal account.

Swagbucks has been around since 2008 and has paid out over $300 million in rewards to its members. The company is headquartered in El Segundo, California.

Some of the other benefits of Swagbucks include:

  • The ability to earn bonuses by referring friends and family members
  • The opportunity to win random prizes (including cash) by participating in daily sweepstakes
  • Exclusive discounts and deals available only to Swagbucks members
  • Earning free money by doing things you already do online, like watching videos, taking surveys, and shopping
  • Getting paid to do something you love, like watch TV, listen to music, or discover new products
  • Receiving bonus points for signing up and referring friends
  • Redeeming your points for free gift cards or cash directly into your PayPal account

Survey Junkie

Survey Junkie

Survey Junkie is a market research company that pays people to take online surveys. Market research is the study of how people buy and use products and services. Companies use market research to understand what consumers want, need, and think. They also use it to learn about new products and services, how well their current products and services are doing, and how they can improve their marketing strategies.

Market research companies like Survey Junkie conduct surveys on behalf of other companies. They pay people to take these surveys so that they can get feedback from a large number of people in a short period of time. This feedback helps them understand what consumers want and need, which helps the companies they work for creating better products and services.

There are a number of pros to using Survey Junkie. Some of the benefits include:

  • Earning rewards for completing surveys
  • The opportunity to voice your opinions on a variety of topics
  • Having access to new and exclusive surveys only available to Survey Junkie members
  • Getting paid in cash or gift cards for your participation
  • Being able to easily track your earnings and reward redemption progress online
  • Receiving email invitations with survey opportunities tailored specifically to your interests
  • Contributing your thoughts and opinions to help shape the future of products and services that matter to you

LifePoints

LifePoints is a rewards program that allows you to earn points for everyday activities, like shopping and dining out. You can then use those points to get rewards like gift cards, travel miles, and more.

The benefits of the LifePoints program include:

  • Earning points for everyday activities
  • Redeeming points for rewards you love
  • Getting access to exclusive deals and discounts
  • Sharing your passion for earning and redeeming points with friends and family

Inbox Dollars

 InboxDollars

Inbox Dollars is a site where you can earn cash by doing simple online activities like taking surveys, watching videos, and playing games. You can also use the site to shop online and receive cashback for your purchases.

Some of the benefits of Inbox Dollars include:

  • Getting paid to do things that you already do online, such as watching videos and taking surveys
  • Earning cash for referrals (you can earn $5 for every person you refer who signs up and earns at least $5 in earnings)
  • Receiving a $5 bonus just for signing up
  • Having access to a variety of different ways to earn money, including taking surveys, watching videos, playing games, and more.

CashJunky Scam Review Bottom Line

These CashJunky review blog only aims to raise awareness and lessen or prevent someone from becoming a victim. We hope this will help you make better decisions for yourself!

Frequently Ask Question (FAQ):

How to use dash Cashjunky for your online shopping needs?

Cashjunky is a website that allows you to earn cashback on your online purchases. You can use the money you earn to save on your own purchases or donate it to a charity of your choice.

To use Cashjunky, create an account and link your credit or debit card. Then, when you make a purchase from one of the participating retailers, you’ll automatically earn cashback. You can then withdraw the money you’ve earned into a bank account or donate it to a charity.

Why isn’t the media talking about Cashjunky scam site?

There could be a number of reasons why the media isn’t talking about Cashjunky. Perhaps the site is not considered credible, or perhaps the story is not considered newsworthy. Additionally, it’s possible that the site is simply being overlooked because there are so many other sites out there vying for attention.

What are the tasks provided by Cashjunky?

Cashjunky is a website and app that provides a variety of tasks in exchange for cash. Some of the tasks available on Cashjunky include:

  • Watching videos
  • Completing surveys
  • Testing products
  • Downloading apps
  • Web surfing

Cashjunky is a great way to make some extra money, and the tasks are generally easy to complete. Plus, you can earn money from home or on the go with the app.

How to get paid on Cashjunky?

There are a few ways to get paid on Cashjunky. You can earn money by completing tasks, such as answering questions or taking surveys. You can also receive payments for referring friends to the site. Additionally, you can exchange your earnings for gift cards or other prizes. However, again after doing all the tasks, you will not receive the payment you are expecting.

Why does CashJunky.co exist?

CashJunky exists because there is a real need for it. There are millions of people all over the world who don’t have access to traditional banking services, and CashJunky.co provides them with a way to safely and securely store, send, and receive money without having to go through a bank. Plus, CashJunky.co is a great way for people to make extra money by doing things they already do online like shopping, watching videos, and taking surveys.

My Investing Club Reviews 2022 – A Closer Look Of This Active Day Trading Community

My Investing Club Reviews 2022 – A Closer Look Of This Active Day Trading Community

Investing can seem daunting, but it doesn’t have to be. With the help of a club or group (the best being The Empirical Collective), you can make investing easy and fun. In this post, we’ll take a look at My Investing Club Reviews. In this review, I’ll go over everything you need to know about everything that’s included, as well as the benefits and drawbacks, and cost. So read on to learn more!

What is My Investing Club?

My Investing Club is a private, members-only club for people who want to learn about and make money from investing in the stock market. They offer online courses, a community forum, and live coaching calls with investment experts to help their members achieve their financial goals.

They believe that anyone can succeed in the stock market if they have the right education and support. That’s why they offer a variety of resources to help their members learn about investing, grow their knowledge, and make money through smart trading strategies. They also provide access to experienced coaches and mentors who can help guide you on your path to financial success.

MIC is home to more than 1,500 traders who have already experienced success in the markets. With a top-shelf education and mentorship that’s second only to none, this community will help you get started on your trading journey today!

my investing club reviews

The Founders

Founded by industry veteran Bao Nguyen (@modern_rock) and the young but talented Alex Temiz(@AT09_Trader), My Investing Club is run with a real focus on helping other traders. There’s not just passion for success here – all aspects of your experience are designed so that you can become successful too!

Community Details

Founders: Bao Nguyen (@modern_rock), Alex Temiz (@AT09_Trader)

Type: Membership site

Founded: 2018

Style: Day trading

Inclusion: Chat room, Video tutorial library, Webinars, DVD courses, Couching, 24/7 support, Meetups, MIC Archive, Learning resources

Memberships: Annual, lifetime

Members: 1,500+

my investing club cost

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The My Investing Club Reviews

Investing can be a great way to grow your money and reach your financial goals, but it can also be complex and overwhelming. That’s where investing clubs can come in handy – they offer members the opportunity to learn about investing together, make better investment decisions, and achieve their goals faster. If you’re thinking of joining MY Investing Club, read the following!

Of course, with the lifetime membership offered through The Empirical Collective, My Investing club can’t come close to the value they offer.

But if let’s look at what they do offer as they try to be the best stock options advisory service out there.

What’s Included in the Membership?

My Investing Club offers subscribers a tonne of educational material such as video lesson libraries that cover trade reviews and tutorial videos, and live webinars or DVDs for those who prefer to learn on their own time rather than during the session without interruption from others like them in attendance at one event.

MIC has two different membership levels, the annual and lifetime subscriptions, which come with extra benefits depending upon which option you choose: Click here to check the price and join.

It’s fantastic that MIC has multiple membership levels to suit different budgets, but it’s crucial to understand the differences between the annual and lifetime membership options. Aside from the pricing, each membership plan has its own set of member advantages, which we’ll go over in more depth below.

 

Annual Subscription

The yearly membership plan includes access to the chat room, video collection, DVDs (including Jumpstart Accelerator), weekly Q&A, webinars, meetings, and the TAB program (trader accountability buddy). One-on-one mentoring phone conversations, weekly live trading recap videos, access to the MIC Archive, free admission to MIC events, personalized trade evaluations, and big cap/options methods are also available.

Lifetime Subscription

The lifetime option of MIC’s premium membership plan offers the best overall value because you only have to pay once and gain additional VIP advantages. Everything that yearly members get plus live trader clinic webinars with Alex and Tosh, early access to new videos, early VIP admittance to MIC events with reserved front row seating, and group mentorship are all available to lifetime members.

The Live Trading Chat Room

The My Investing Club chatroom is hosted on Slack, and the channels are neatly organized to make it easy for traders of all interests. In addition, there’s a newsfeed channel that shares real-time breaking headlines, as well as many other specialized areas where you can find what you’re looking for, like blue-chip stocks or options trading – if those types interest YOU!

The chat room atmosphere is quite friendly and supportive, with new members being welcomed into the community. There’s even a TAB (trading accountability buddy) channel where you can pair up with another trader to help keep your discipline!

The Video Library

With more than 750+ videos and an easy-to-use search feature, the My Investing Club video library is your number one resource for any investor looking to learn about investing. Topics range from in-depth training on mechanics or trade recaps that will help you understand what’s happening with markets right now.

The video library is now excellent, but it will continue to improve over time as new videos are added weekly. The following is a brief list of the subjects discussed:

  • Trader clinics
  • Trade recaps
  • Live trading footage
  • Webinars
  • Options
  • Tax planning
  • Fundamental analysis
  • Tape reading
  • Hotkeys
  • In-depth tutorials on MIC trading strategies (first bounce, VWAP reclaim, first red day, first resistance, death line, etc.)

The Trading DVD’s

My Investing Club offers a large range of DVDs as part of their monthly subscription. Currently, the following DVDs are available:

  • Trading Fish Academy
  • Trading Basics with Joe Kelly
  • MIC Jumpstart Accelerator Course
  • Fundamental Analysis Series with Chicago Trader

Learning Resources

My Investing Club members have access to a range of downloadable learning resources, including PDF guides and checklists. Most of the downloads are accompanied by detailed tutorial videos that explain exactly how these resources can help you become more successful with your investing strategy!

Webinar

My investing club members also have access to regularly scheduled webinars covering trading strategy, risk management, and much more.

One-on-One Mentoring

What sets My Investing Club apart from other chat rooms and day trading communities? The one-on-one mentoring! You’ll have access to veteran traders who are eager for success just like you, with personal coaching from Bao on how he made $1.4 million in a single day (and more). It’s impossible not to feel confident after all this when it comes time for your trades. We know what matters most is having someone there cheering us along the way.”

Mentoring is offered in many different formats to members, including scheduled one-on-one calls (available five days per week), weekly group webinars where you can get questions answered 24/7 via DMs, and more.

Member-Only Meetups

The My Investing Club has a trader meetup every month to get together and network. If you’re an Annual or Lifetime member, there is no cost for this event. There might not be any more in-person meetings until things calm down regarding the pandemic (which we hope isn’t too long).

 

MIC Archive

Lifetime and Annual MIC members also get full access to the MIC Archive – a searchable database containing more than 500k chat room posts from October 2018 onward.

MIC My Investing Club Reviews Pros And Cons

Pros Of Joining My Investing Club

There are many pros to joining My Investing Club, including:

  • Learning from others – One of the best ways to learn is to talk with others who have experience in the area you are interested in. By talking with others in an investing club, you can learn a great deal about what works and what doesn’t when it comes to investing.
  • Building relationships – Another great benefit of being a part of an investing club is getting to know other like-minded individuals who share your interest in investments. This can be a great way to build lasting relationships and networking connections.
  • Pooling resources – When you join an investing club, you have the opportunity to pool your resources with others in the industry.
  • Opportunity to learn from experienced traders; for example, Bao Nguyen has made millions of trading OTCs.
  • Daily webinars are held to keep members informed and answer their questions.
  • The material of the membership is quite well-organized. Compared to searching for this knowledge for free online, video lessons and downloadable resources will save you a lot of time.

Cons Of Joining My Investing Club

There are a few potential cons of joining an investing club:

  • If you’re not careful, you could end up over-investing in riskier ventures that may not pan out.
  • There’s a chance you could miss out on unique opportunities if everyone in the group is investing together.
  • Clubs can be distracting, making it difficult to stay focused on your personal investment goals.
  • Overall, the prices are high, and you should only invest if you have at least $10,000 to trade.
  • There is a greater emphasis on short selling, although there are materials available for long-biased traders. Shorting stocks is not something that everyone is comfortable with.

 

my investing club lifetime membership

Frequently Ask Question (FAQ)

How do I open an investment club account?

You can open an investment club account with various financial institutions, such as Charles Schwab, Fidelity, or Vanguard. Each institution has its process and set of requirements for opening an investment club account, so you’ll need to contact them directly to find out more information.

In general, you’ll need to provide your contact information, the name of your investment club, and the name and contact information of the person who will be responsible for managing the account. You may also be required to provide proof of your identity and your club’s incorporation documents.

How do you cancel Myinvesting club?

If you’re looking to cancel your investing club, you’ll likely need to get in touch with your club’s treasurer or other administrators. They can help finalize the cancellation process and notify all members. Depending on your club’s bylaws, there may be a waiting period before the cancellation is finalized or certain funds are distributed. As always, it’s best to consult with an attorney if you have any questions about canceling your investing club.

Are investment clubs the best idea for traders?

There are pros and cons to investment clubs. On the pro side, they can provide a social outlet for those who enjoy investing, as well as a forum in which to learn about investing. They can also offer the potential for better returns on investments, as members may be able to share information and strategies that they would not otherwise have access to.

On the con side, investment clubs can be difficult to manage effectively, and disagreements among members can lead to poor decision-making. In addition, there is always the risk that a club may become embroiled in a lawsuit if things go wrong with an investment. For these reasons, it’s important for anyone considering joining or forming an investment club to do their homework first.

How does an investing club work term?

There are a few different types of investing clubs, but they all follow a similar format in general. Members regularly contribute a set amount of money to the club and then use that money to invest in stocks, bonds, or other securities. The club typically meets regularly (usually monthly) to discuss their investments and decide what to buy or sell.

The benefits of investing in a club include pooling resources to get exposure to more investment opportunities, getting help from others who have more experience with investing, and learning about the markets from others in the club. However, it’s important to note that some risk is involved, as investments can go up or down in value.

Do I need an EIN for an investment club?

Whether you need an EIN for your investment club depends on the specific circumstances of your club. Generally speaking, if the investment club is not a corporation and will not engage in any business activities, you do not need an EIN. However, if the club engages in any business activities (such as selling goods or services), you will need to obtain an EIN.

If you are unsure whether or not your investment club needs an EIN, it is best to speak with a tax professional or the IRS directly. They can help clarify whether or not your specific circumstances require an EIN.

Do investment clubs pay tax?

Investment clubs are not taxable entities. However, the income and losses of the club must be reported on the individual members’ tax returns. Each member is taxed on their share of the club’s income, whether or not they received any cash distributions from the investment club. Losses from the investment club can be used to offset other income on the individual’s tax return.

What is lending club investing reviews?

There are a lot of different opinions on Lending Club investing, with people generally falling into two camps: those who love it and those who hate it.

The people who love it tend to appreciate the high returns they’ve achieved, while the people who hate it complain about the high levels of risk involved.

Overall, Lending Club investing is considered a high-risk investment, so you should only invest money you’re prepared to lose. Do your research before deciding whether or not this type of investment is right for you.

How to start an investment club?

To start an investment club, you’ll need to first come up with a plan and set some ground rules. Here are a few things to think about:

  • How often will the club meet?
  • Who can join?
  • What kind of investments will the club make?
  • How will decisions be made?
  • What fees will be charged?

Once you’ve answered these questions, you’ll need to create bylaws and file them with your state. You may also need to register with the SEC as a “club dealing in securities.”

Once everything is set up, it’s time to start investing! Make sure everyone in the club is on board with the plan and then get started. Good luck!

Options for Dummies – Trading Options for Dummies Guide

Options for Dummies – Trading Options for Dummies Guide

Options for Dummies

As a beginner looking into “options for dummies” it’s important to understand how this all works.

Options For Dummies Question One – What Are Options?

Options are  contracts that allow the buyer of the contract (the holders of the options) to buy or sell a security at a pre-determined price. Option buyers are charged what is called  a ‘Premium‘ by the one selling the option contract.

I mentioned that to get an Option there is a premium involved which is the expense of purchasing the option contract.

The price of the option (premium) is made up of two separate parts. The first is the intrinsic value of the stock and the current value of the strike and the amount of time left in the option contract which is referred to as the time value.

Basically the value of the premium rests on how close the current stock price is to the strike price and the amount of time that is left before the option contract expires. There are other factors such as the amount of implied volatility, but that’s basically it.

It’s said that a call option has intrinsic value when the current market cost is higher than the strike cost.

If you’re looking for an “all in one” resource to learn how to trade like the pros, I highly recommend you check out the training offered by Samuel Goldman here.

Key Pointers For Trading Options Online

So when it comes to trading stock options for dummies, there are a few things to keep in mind :

  • You need to find a great online broker that will actually let you trade options. This will involve you opening a margin account that meets certain funding requirements. So this needs to be done before you start trading. It’s also important to choose an online broker that has a low cost per trade and has great online support. If you’ve been reading my blog for any length of time, you know that I like Questrade.
  • A lot of new traders just rush right in. But you just can’t do that. You need to be deliberate and take your time. You need to open an account, review and familiarize yourself with the broker’s requirements and then decide which options strategies are best for you. Make sure you get used to placing trades by using a practice account and follow along with a trading alert service like the one we offer here through “The Empirical Collective”
  • You need to learn how to calculate the odds of your potential trade’s success before you place a trade. In addition to that, you’ve got to be able to spot positive stock set ups before they happen so you can position your trades properly. You can either do this manually like this, or use an artificial intelligence service that can do it for you.
  • Once you’ve done all this and are feeling comfortable making the trade you’re ready to go! Just make sure that you aren’t trading options like a dummy and only trade using money you can afford to lose.

stock options for dummies

Important Points to Consider When Trading Options as a Beginner

One quick note on choosing an online broker: Make sure you really investigate the real cost of placing trades and how much money you will need in order to open an account. A lot of brokers promise that you can open an account for $0. But that’s not the whole truth. In order to trade any stocks or options, you will have to deposit a minimum amount into your account before you can start. And Questrade has a low amount of only $1,000. Other brokers trick you into signing up for free and you only find out afterward that you need to deposit $10,000 in order to open a trading account.

One of the most important things that you can do is educate yourself.

If you’re wanting to actually learn and grow as a trader this is critical. There is no shortcut when it comes to this. You just can’t cut any corners if you want to be able to trade on your own.

trading options for dummies

Options Trading for Dummies: The ONLY Shortcut You Can Take

If you’re looking for a “short cut” about the only one that you can take is to sign up for a stock trading alert service.

With services like these, essentially more experienced traders will be giving you their stock trades and advice on where and how to enter a trade.

In signing up for a service like this, you’ll be able to learn from someone who’s “been there and done that.” You’re able to take advantage of their experience and see not only what to trade but how to trade.

In my experience, this sort of information and practice is absolutely invaluable if you’re going to start trading on your own.

If you sign up for a service like this, you’ll also be able to earn money on your trades as you’re learning.

So when you think about it, it’s like you get a paid internship.

Sure, you’re paying for the trade alerts, but the monthly price is going to be fairly inexpensive. We know that it will be cheaper than if you took an online course, went back to university, or even drove your car back and forth to a new job.

Trading Options for Dummies – Is It Worth It?

I think one of the most important things for you to do is to sit down and evaluate whether the end goal is worth the effort.

For me, I see trading stocks online as having a few key benefits:

  • you can trade according to the schedule that you want. If you want to trade all day, you can day trade. If you don’t want to do that, you can swing trade instead. This flexibility really puts you in control of your life. You can craft your life and schedule exactly how you want it to look. Compare this with having to show up every day 9-5 for a j0b. Remember, if you commute to work you’ll have to factor in the driving time to your overall work day.
  • you can only trade during the times the market is open. So it ACTS like a 9-5 job as you can’t trade on the weekends. So there is a limit to the amount of time you can spend on this.
  • there is ALWAYS going to be job security. No matter what the state of the economy or stock market, there will always be people buying and selling in the stock market. Once you’ve developed the necessary skills, you’ll be able to trade in every condition. Contrast this with so many people losing their jobs in a bad economy. It creates a sense of security knowing that the market will always be there waiting for you.
  • it doesn’t require physical effort. If you have a job that requires physical labor, you can only put so much into it before you’re exhausted. And your energy levels will decline with age. But if you trade stocks online, you can do this as long as you’re able to turn on a computer.

Final Thoughts

So, there’s a bit of an overview for when it comes to trading options online.

Sure, you can get the book “Options Trading for Dummies” . But if you follow my blog here, or sign up for our stock trade alerts you can avoid most mistakes new traders make.

I’d recommend joining our trade service to start as we give simple options trades. This let’s you trade with a small account and isn’t complex. You can get into selling put options for income and stuff like that, but it’s a little more complex.

Selling Put Options for a Living : How To Start Collecting Monthly Paychecks

In the crazy financial world we live in, people are starved for a decent ROI on their invested capital which has a lot of people looking into selling put options for a living.

And it makes sense, really.

After all, interest rates have never been lower and if anything it seems they could even drop further (negative interest rates anybody?).

This leaves us in unprecedented times and forced to navigate an increasingly tricky investing and trading landscape as things have become increasingly complex over the years.

Years ago when trading in the stock market, you largely only had other traders you had to worry about.

You had the large institutional traders, individual traders, hedge funds and for the most part the government stayed out of the whole thing.

Generally speaking the only government intervention in the markets was the result of some legal crackdown where they enforced regulations (in the case of insider trading or uncovering scams like Bernie Madoff’s pyramid scheme) or whether or not they moved interest rates at all.

I’d say this period of time was around when Alan Greenspan was chairman of the Federal Reserve.

As a quick aside, if you want to learn how to sell options like a pro for extra income, I HIGHLY recommend you check out Samuel Goldman’s trading resources here. The results he’s achieved are nothing short of incredible.

selling covered puts

But since 2008 everything has changed.

Now governments have taken an active role in the financial markets from buying assets to prop up the market to printing money to offer liquidity and so on.

Oh, and they still fiddle with interest rates but it seems only to keep them at the current level or drop them.

Because of all of this, the stock market has continued to climb in value (where assets, in my opinion, are reflecting more the inflated financial environment as opposed to indicating the true value of the company) and volatility is suppressed.

selling put options for incomeThen, all of a sudden, something happens and volatility returns to the market with a vengeance and the market drops huge (like the 20-30%+ drops we’ve seen off and on over the past couple years) before everyone piles back in, buys the dip and the market jumps back up to it’s previous highs and beyond.

You may be asking yourself, “And why does this matter? Why the history lesson when all I want to know is how to sell put options for a living?”

It matters because with everything changing in the markets – and interest rates being so low – it means people can no longer just throw their money in a savings account in the bank and earn a decent return.

And for the most part, they can’t do it in any other secure or non-risky financial asset.

Because of this, it causes investors to seek out returns wherever they can find them and this causes increased competition and a rush towards riskier trades and investment ideas as they scramble to earn a return on their money that beats inflation.

selling weekly put options for income

And this could very well be where you’re at right now by searching how you can go about selling put options for a living.

In fact, I believe it’s a big reason why trading options has become so popular over the past few years – with all sorts of new people jumping into trading them. (Of course, if you follow my blog at all you know that I recommend that everyone get up to speed on the ins and outs of trading options before placing any trades. And a big part of figuring that out is to read this book here.)

So with the history lesson, my goal is to give you a bit of insight as to the current financial landscape and to let you know that even with strategies like selling put options for income it comes with a heightened bit of risk because of the situation we find ourselves in.

Selling Put Options for a Living – Here We Go

selling put options for incomeWhen it comes to outlining this options trading strategy, I’ve gone through it in detail in the post I’ve written called, “Selling Put Options for Income – The Fast Start Guide”

So for the specific “how to’s” of the strategy, you should read that article.

That said, I’ll give you a brief overview of how it works here.

Basically when you’re selling puts you choose a price that you think a stock won’t drop below.

Then you choose the closest strike price to that level and then sell however many put contracts you want.

Once you do this, you’ll be credited a certain amount of money for placing the trade (this is called the “option premium”).

This is basically the income you’re trying to generate.

The amount of money that you get for placing this trade depends on a lot of things: time left in the contract before it expires, the volatility of the stock, the volatility of the stock market, how close the strike price is to the current price the stock is trading at and so on.

It is a bit of a balancing act and takes some experience and practice to figure all these things out to where you’re making a decent amount of income for the risk you’re taking. (Which is why I recommend you get started by following the trade alerts here.)

If – at the option expiration date – the stock is trading above the strike price you chose, everything is great and the option expires out of the money (which is what you want when you’re selling options) and life is good.

In this case, you walk away with your premium.

selling puts on stock you own

On the other hand, if the stock drops below the strike price you sold the puts at, you then have to buy an equal number of shares of stock to the put contracts you sold.

So if you sold 2 put contracts, you would have to buy 200 shares of stock (as each option contract controls 100 shares).

You’d still get to keep the premium, but you’d just have to come up with the money to cover the share purchase.

And this might not be a bad thing if you like the stock and were happy to buy it at a lower price than the market level when you place the trade.

If you don’t like the stock and end up having to buy all those shares, it can really mess up your trading or money management program – tying up a large amount of your capital.

But this strategy has a number of positives:

  • you can receive premium and end up buying stocks you like at a discount
  • you can trade weekly or monthly put contracts so that you generate weekly or monthly income (just like an extra paycheck)
  • as a seller of options (rather than a buyer), historically the odds are in your favor as most option contracts expire worthless

The negatives are:

  • your account needs to be approved by your online broker before you can place your trades
  • you need to have enough capital in your account in order to cover the buying of the shares in case the trade moves against you
  • you may tie up a lot of your trading capital or get stuck with a stock you don’t want

average return selling options

All in all, if you can live with the negatives this can be a great way to generate monthly income. So you can see that it’s possible to start selling put options for a living.

With that said, if you’re going to get into selling put options for income, I HIGHLY recommend that you trade alongside someone who has experience doing this. And my best recommendation is to follow along the trade alerts with Jeff and his team here. (Their track record is amazing.)

Of course, if you can’t afford to do this and you want something a little more straightforward, you’re welcome to join “The Empirical Collective” where my team and I give out stock trade alerts for buying calls and puts. And our 94%+ success rate is nothing to sneeze at either 😉

can you make a living selling options

 

 

trading options for income

Other related questions people have asked on the subject of “Selling put options for a living.”

Can you make a living off selling options?

You can make a living trading options, but it is not easy. You can sell options for other traders, but this requires you to take the opposite side of the trade. If you are long options, then someone has to be short them. The best way to make money with stock options is through arbitrage strategies though they are very difficult and risky. Finally, if you take accurate trades that have an edge over the market then yes – buying low and selling high will be profitable over time even when there are occasional losers in between.

How much money can you make selling puts?

You can earn anywhere from 1-5% each week by selling options.

Put selling is a type of option trading and you can make as much or as little money as anyone. The more expensive the options, the higher amount of money you can make.

If this feels like an easy method to make quick cash with no work involved, then we would urge otherwise. Keep in mind that by accepting such high risk (i.e., gambling) on something risky, your odds for success are slim and keep getting worse with time-the longer you leave it there.

Is selling put options Safe?

No. Selling put options is not 100% safe. If you sell put options, the seller (you) is fully exposed to potential loss of funds. To make your put option selling experience less risky, one should consider selling puts against shares of the same company which the buyer owns, or selling puts with a limited investment amount limit.

That said, if you sell puts against stocks you own, you can make money pretty consistently.

Can put options make you rich?

Yes. The potential to make money on put options is high. However, there are also significant risks associated with this strategy that must be considered.

The reason the potential is so high is because even if you don’t have a long position in the underlying security, earnings of the company increase greatly if they are able to get rid of their expiring put options through buying them back or executing buy-to-close transactions before expiration date. Especially for buyers who bought the puts cheaply when the price was lower at some earlier time, they can get more benefits by being “forced” to buy shares under unfavorable conditions.

Is it better to buy calls or sell puts?

It’s better to buy calls.

The potential payoff is theoretically unlimited, and if it doesn’t work out, you will never lose more than the cost of the purchase. Unlike with buying puts, there is no limit on downside risk when purchasing calls. If you sell puts and things go badly for you, you’ll either be called out of your position or forced to buy back in at an unfavorable price (both because the stock goes up or down towards zero). So in this sense buying puts can be much riskier than buying calls.

Why sell puts in the money?

In short, you sell a put in the money when you think that it is likely that the underlying security will stay below an option’s strike price for a while from now. Selling a put in the money represents one possible hedge to strangle profits. One would typically use this strategy when they have exposure to a stock and need protection against any sharp downturns in its price due to uncertainty about where it could head.

The puts seller has not risked much beyond having assigned an exercise notice (to buy or be bought) at any time before expiration day, but has collected some premium for this possibility of assignment.

How do you profit from puts?

A put option is a contract giving the owner the right to sell an underlying asset, such as 100 shares of GE stock, at a specified price by a particular date.

When you buy a put, it guarantees that if GE falls below 50.00 on any date before expiration, you’ll be able to sell your shares of GE stock for more than what you paid for them–that’s the business with puts. This would generate income for those buying put options because they’d still be getting revenue even though their underlying investment has dropped in value.

When should I sell my puts?

Sell a put if you believe the underlying asset will trade below the strike price of your put option before the expiration date.

This is typically based on some form of technical analysis, which can be as simple as reading a chart. If you’re not comfortable with analyzing charts, then just consult your broker for help deciding what to do depending on where specific stocks are trading at any given time. You can also consider looking at whether there’s been a ‘trigger event’ that might make sense to take action right away — for example, new regulations re outdated coal plants were imposed yesterday by a state agency in California and some sort of market selloff could happen because this increases companies’ cost to operate or people start demanding higher returns from it.

Which option strategy is most profitable?

Short strangles. A short strangle is an options strategy that generally trades for less than the cost of buying insurance on 100 shares, but offers unlimited profit potential on the upside. It’s a bet on both direction. You pay for it by giving up some or all of your profit to whatever you would have made if you had just bought one call or put spread instead.

The reason why it’s more profitable is because there are two risks within the option strategy – movement in price down which offsets losses incurred when prices go up, while simultaneously granting you infinite profit potential at least until expiration where costs are determined.

Are options gambling?

No, option trading is strategic investing.

The trader is trying to price in an outcome they believe will happen in the future – not just “hope” that happens, but actually $10+ million dollar bets. The potential scenarios usually play out with probabilities that are based on realistic paths for the company’s performance and what the market is likely to do when certain events occur (for example, if Apple reports strong earnings this quarter).

This approach requires an understanding of how markets work and what traders are likely to do when certain things happen. It starts with recognizing risk causes inevitable losses over time—in other words, no one can make money without risking losing some or all their bet too.

What is the risk of selling a call option?

Buying a call option is very risk-averse. Selling a call would only be profitable if you are “sure” that the underlying will stay above the strike price at expiration.

If the option expires in-the-money, you must buy shares of stock to deliver to your counterparty – but because they are already worth more than their pre-agreed price thanks to any gains above the strike, you lose money on each share purchased. You could offset this cost by selling an equivalent number of put options with different strike prices. The risks are substantially different from those for buying stocks where any loss is limited to the premium paid upfront.

Selling Put Options for a Living

Trading Options for Income – How To Go About It

If you’re looking for more ways to make money  investigating trading options for income is a fantastic place to start.

And if that’s where you’re at and what you’re up to, congrats and you’ve come to the right place.

Now, if you’re new to trading options there are some differences between trading regular stocks.

There is a fair amount of new jargon and phrases that you need to understand to you’re able to understand the basics.

And this needs to happen BEFORE you look into the different strategies of trading options for income.

You’ll need to understand certain things like:

Of course, there are a lot of other things that you need to know. Especially when it comes to basic option trading terminology. But this will give you a bit of a start if you’re new to all of this.

If you aren’t familiar with trading options, I suggest you get the book,”How to Make Big Money Fast Trading Options”. It’s a quick read, and will help fill the gaps in your options trading knowledge.

Or – instead of that – you could investigate the exclusive video training that Samuel Goldman has put together here. The resources that he’s put inside have helped him achieve incredible returns.

Once you’ve got an understanding of what’s involved in trading options, we can keep going. We’ll explore some of the ways that you can begin trading options for income.

Strategies to Begin Trading Options for Income

I’ll list a few of the more common ways that you can trade options to generate a little more income.

This is by no means an exhaustive list. But should be enough to let you know how you can make money trading options.

Strategy #1 – Buying Options

The first, and simplest options trading strategy is the buying of options.

And this involves buying Calls or buying Puts.

In placing a trade like this, you’re essentially making a call as to whether a stock will go up or down. So it’s a basic directional trade.

Essentially, you just choose a strike price that you feel the call will either stay above or reach. (If you’re buying calls.) If you buy puts you choose a strike price that you think the stock will stay below.

Let’s look at a quick example.

In the picture below, I’ve pulled up an options chain for Facebook. At the time it was trading at $278.75. The image below shows the calls.

weekly option strategy

So you can see that the strikes of 277.50 and  below are currently in the money. And any options contracts above that are out of the money.

So you could either buy any of the strikes at or below the 277.50 strikes and hope the value of Facebook went a bit higher. Or you could buy any of the strikes at 280 or above and hope facebook increased in value above 280. If either of those scenarios happened by the time the option contract expired, your call options would be in the money and you’d end up making money.

It’s the same sort of thing on the put side of the trade.

can i make a living trading options

Here facebook was trading at $279.57 and you can see that all of the put options from 277.50 and below are currently in the money.

So again, you could buy any of the 277.50 or below puts and hope facebook fell below those strikes, or you could buy the in the money options of 280 or above.

Simple, right?

And this is a big reason why with our trade alerts inside “The Empirical Collective” the alerts we give out are the basic buying of calls and puts.

Because they’re super easy to follow and it doesn’t take a lot of capital in order to trade them.

Sure, a lot of people say that historically buying options puts you at a disadvantage, but for us having a winning average of over 94% we haven’t noticed 🙂

If that sounds like something you’d be interested in, you can sign up here.

Strategy # 2 – Selling Weekly Put Options For Income

I’ve covered this strategy in detail here. But essentially what you do is sell put strikes that are below the current trading value of the stock. In this way, you can collect income (the premium you get when you place the trade) so long as the value of the stock doesn’t drop to the level of the strike you chose.

If it does, you end up having to buy enough stock to cover the number of options contracts you purchased.

If you’re looking for a great service that gives you trade alerts to do this, I recommend these guys here. Their track record is amazing.

Strategy # 3 – Trading Covered Calls

This is another strategy that I’ve outlined in a different post, which you can read here.

To do this, you buy a bunch of stock (in batches of 100 shares) and then sell calls at a strike somewhere above the current trading value of the stock.

When you sell the calls, you collect the premium. If the stock appreciates in value above the strike at which you sold the call options, you have to sell your shares at the strike you sold the calls at.

So you’d gain money on the stock appreciation (being the difference between the value you purchased the stock at and the call strike) as well as the premium you collected.

But you’d no longer own the stock, so in placing this trade, your upside gain would be capped or limited.

Strategy # 4 – Trading Iron Condors

This is a strategy that involves selling options as well in a certain configuration if you feel that a stock will be range bound (or trade within a certain range).

For some – beginners especially – it can seem like a complicated trade to set up as there are a few parts to it.

I show you exactly how you can set them up in the “Clockwork Paycheck System” found here.

Final Thoughts on Trading

When it comes to trading options for income,  it depends on the level of trade complexity you’re handling as well as the size of your trading account.

If you want simple trades and don’t want to risk a lot of money, I’d suggest starting out buy buying options.

If you can handle more risk you can sell options. The nice thing about selling options is that you can trade weekly or monthly contracts which sort of gives you a chance of collecting all your money at a specific point in time (similar to a paycheck).

But when you buy option contracts, a lot of the time you need the stock to move in the direction of your trade and in order to give the trade enough time to work out, a lot of the time you need to place the trades with an expiration date a bit longer out.

Trading Options for Income

Generate Monthly Income by Selling Puts – Cash Cow or The Fastest Way to Go Broke?

So my friend, you’re interested in trying to figure out how to generate monthly income by selling puts are you?

Well, you’ve come to the right place then as I’ll give you the facts you need to know before you get started so you can make the most informed decision possible.

First of all, if you’re interested in selling put options for income (whether that’s on a weekly or monthly basis) you’ll have to have a solid understanding of what the basics of trading options are.

If you aren’t 100% up to speed on this, I recommend picking up a copy of “How to Make Big Money Fast Trading Options” first, as it will give you a solid foundational understanding of what’s involved, as well as making clear and defining different options trading terms.

Or if you’re wanting a really quick and basic refresher you can see the article I’ve written, “How to read options chains”.

Just to be clear on this, if you’re looking to generate monthly income by selling put options, this typically anything to do with day trading options.

If you’re selling put options to make a living, you’ll be using a swing trading style as it’s more of a passive income generation strategy as opposed to the much more “hands on” day trading approach.

If you’re wanting to get into day trading, you should get the basics down here before you do anything else.

So, if you’re still with me and aren’t looking to day trade options, let’s keep going.

The Basics of How to Generate Monthly Income by Selling Puts

If you’ve been following along my blog for any length of time, you may have already read the post on “Selling Covered Calls for Monthly Income”   and if you have (and understood it) then basically what we’re going to be doing in this article is investigating the other side of this trade by looking  into selling put options.

First things first, though.

Before you can begin selling puts you will have to make sure you’ve deposited enough money in your brokerage account and have taken the steps necessary to get your account approved by your online broker to make sure you’re qualified and allowed to sell put options.

Brokers all have different minimum cash requirements in order to be able to sell put options. But most of them require you to have either all of the cash needed to settle the trade sitting in the account or a large portion of it.

This is just to ensure that if you sell your put options and the trade ends up in the money, you’ve got enough cash in your account to cover the trade.

(If you’re still looking for an online broker with low cash requirements, I recommend Questrade.)

Now, don’t skip over this step like so many people do.

If you want to sell puts, make sure you’ve got your account set up before. It can take a little while to get it set up. (Well, that and some brokers can require $25,000 or more in an account before they will let you sell  puts. So you might have to do some fancy financial footwork to fund your account first.)

But once you’re set up, you’re ready to get going on this.

Step 1 – Choose a Number Stocks That You Actually LIKE

If you’re selling puts the worse case is the trade ends up in the money and you buy the stock. (And this can be a pretty hefty amount of cash to come up with. Remember, 1 put contract controls 100 shares of the stock. So if you have to buy 100 shares or more of stock it can add up quickly.)

And if you’re selling puts for monthly income, your goal is to collect the premium and not own the stock.

So that’s your downside.

You can soften the blow of getting stuck with stock by only selling puts on something you’d like to own.

If you’re selling them on a company just because it’s volatile, you might not be happy to own it. A high premium value might not be worth it in some cases…

So with that in mind, I’d recommend you look to only sell puts on stock that you wouldn’t mind owning.

Use whatever metrics or thought process that fits your investment model here.

For me, I generally stick with well known stocks and preferably ones that issue dividends.

But I’ll leave that one up to you.

Step 2 – Get Technical

The goal of selling puts for income is to have stock price stay above your strike. So you want to choose stocks that will either stay the same in or increase in price.

(Because if the value of the stock drops below the strike you’ll end up owning the stock.)

To do this, you’ll want to put on your technical analysis hat and filter your list of stocks. After that you’ll be left with stocks indicating they are trading within a range or likely to go up.

If you don’t know what you’re looking for, I recommend you get this book on spotting positive charting set ups.

You’ll probably be trading put contracts that expire about a month from when you’ll place a trade. So you will want to look at charts 1-6 months out. This will give you an idea of the general stock trend (whether it’s going up or down).

This will narrow down your list of favorites a little more.

From there, you want to look at put strikes that have been shown as a level of resistance before.

Eliminate any stocks that don’t have puts at or below a resistance level. Then list the remaining stocks based on how much premium you will make if you sell the stocks.

From there you’ll be left with a handful of stocks that you can choose between to place a trade.

Let’s look a quick example using Telsa to show how you can generate monthly income by selling puts.

selling covered calls for income

The options chain I’ve pulled up are for the November 13 Puts, expiring roughly 2.5 weeks away from when the screenshot was taken.

Let’s say you did your analysis & liked Tesla and wouldn’t mind owning 100 shares at $390/share.

Based on that, you could sell the 390 strike puts for $16.45/share. (When the screenshot was taken was before the market opened so only the last trade price is displayed of $16.45. No Bid/ask prices are shown.)

So if you sold 1 put contract it would bring you $1645 in premium for each contract you traded. ($16.45 x 100 shares).

Now, if the value of Tesla dropped, you’d have to cover the 100 shares of Tesla x $390 – $39,000.

How much of the $39,000 you’d have to have in your account to cover depends on your broker.

Now, this is just a rough example to illustrate the point. But you can see how you can generate some income with trades like this can’t you?

As an option seller, the odds are typically in your favor. This is because statistically the majority of option contracts expire worthless.

But even with that, you can end up owning a lot of stock you might not want to if you screw this up. And that could tie up a huge part of your trading capital with stock or you might lose if you sell them.

So if you decide to do this, I recommend following the trades of someone who has a proven track record of selling options.

And the only person I’d recommend (and would HIGHLY recommend) is this guy here. In fact, last time I checked he had a 100% success rate! Click here for more info.

Generate Monthly Income by Selling Puts

Covered Calls for Income – A Sure Thing Or Ticking Time Bomb?

Generating an income from trading options isn’t a new thing, and selling covered calls for income has been around for quite some time.

But as with many options trading strategies, there can be quite a bit of confusion how to trade them. From the terms used, to setting up and executing a trade. And then knowing exactly when a strategy like this is best used. It can all seem a bit confusing.

Before we begin though, if you haven’t already mastered the basics of trading options, you need to.

Without a solid foundational understanding of how options work, you’re going to be confused.

When it comes to trading online – if you’re confused, you’re probably going to lose money.

And if you’re selling covered calls for income, losing money would be very counterproductive 🙂

So if you’re unsure of how options work you can read the “how to” article I wrote. It’s called, How to Read Options Chains – The Easiest Solution to Get Started Fast” . For more of a complete start up guide,  read “How to Make Big Money Fast Trading Options”.

Or, if you want a complete resource with all the tips & tricks that a professional trader has learned in over 20 years trading the market, check out Samuel Goldman’s list of resources here.

Covered Calls for Income – The Basics of Writing ‘Em

selling covered calls for income

This isn’t the most complex option strategy out there. But there are a few things that you need to be aware of before you jump in with both feet.

The first is that your online broker will probably require you to put up a certain amount of cash. Usually more than just the initial deposit when you opened your account.

Once you’ve done that, you’re ready to get started.

And one quick housekeeping note before we jump into the steps here. When you hear the term “writing” or “selling” it means the same thing for options trading. So these terms can be used interchangeably.

Just so you know and aren’t left wondering where we switched gears…

Step 1 – Find the Correct Stock

The first step is to know when you would want to write covered calls for income.

And there are a couple different scenarios for when you would want to do this.

The first scenario is if you have some blue-chip stocks in a retirement account. The idea is that you don’t want to sell them, but would like to squeeze some more income out of them.

After all, if you can increase your annual returns, why wouldn’t you?

The second time that you’d consider trading covered calls is if you think the value of the stock will remain the same or only go up or down marginally from its current position.

If the stock goes up beyond the strike you sell your calls at, you’ll lose the stocks you purchased. This is getting “called out.” You’d still make money from the sale of the call options and some from the appreciation of the stock. But in placing the trade, your upside potential is limited.

If the stock drops in price, nothing happens other than you get to keep the premium you collected when you sold the call option and you’d now be the proud owner of a stock worth less than when you originally bought it. Lucky you.

Still could be worse….

Of course if the stock drops enough, you might have to come up with extra cash to cover the trade if you run into a margin call by your online broker.

But in order to determine which direction the stock is headed, you’ll have to determine the overall market, industry the stock is in, as well as look at the general trend of the stock itself.

A lot of traders will do this by using technical analysis to determine certain chart pattern formations that might indicate which direction a stock is headed.

This can either be done manually by looking at the charts yourself (see this book on typical stock chart patterns) or using an artificial intelligence software program to look for them and alert you.

Step 2 – Buy The Stock

Once you’ve found the stock you want to trade, you will need to buy shares in blocks 100 for standard option shares.

As each option contract typically controls 100 shares of the underlying security, you will need to purchase the stock in multiples of 100 so that when it comes time to selling your call contracts, the contracts you sell will cover the number of shares you bought.

As an example, if you bought 100 shares of Chevron, you’d then sell 1 call contract to cover those shares.

Simple, right?

Step 3 – Sell The Calls

Once you’ve got steps 1 & 2 out of the way your next step is to find a call to sell.

In this step, you want to choose a call that strikes a balance between the income it generates through the sale vs. how likely the stock is likely to rise above it.

Here’s where your skill at being able to spot charting patterns will come in handy again, as most traders will choose a strike that has historically been seen as a level of resistance.

You could also have a look at the option’s implied volatility (it’s Delta value) to get a rough idea as to the odds of the call ending up “in the money” at the time of expiration.

(And as you’d be selling the calls, you would NOT want the call to end up in the money. So you’d be looking for call strikes with a low Delta value.)

But the lower the value of Delta or the further away the strike price is from the current trading value of the stock, the less premium you will collect for selling the calls.

So you will get less money for having better odds of your trade working out.

The other factor in determining how much premium you receive is how far away the expiration date is.

A lot of people who are trying to trade covered calls for income will often trade either weekly or monthly contracts if they’re looking to generate income using this trading strategy.

Once you’ve done all that, you’re done!

Final Thoughts

selling covered calls for monthly incomeThis is a great strategy to help bring in additional income. Especially if you’re trading it inside of a retirement account where you’re buying and holding stock for the long term. (You know, HODL).

The only downside risk is that if the stock skyrockets in value, your upside potential is limited. Well, that and you’ll end up losing the stocks.

Which may or may not be a bad thing depending on your strategy.

On the downside, if the stock value falls you will have at least collected some money from selling the calls.

It might be a small consolation depending on how far the stock fell. But you’d be further ahead after collecting the premium than if you held the stock and watched it drop.

Something to think about.

If this all seems too complex and you can’t afford to open this kind of account, you can always sign up for our trade alerts service inside “The Empirical Collective” where we send out trade recommendations based on buying calls or puts. You can trade along with us and enjoy the fantastic returns we’ve experienced.

If that tickles your little fancy, you can sign up through the discounted link here.

Covered Calls for Income

Can you make 500 a day trading stocks? Sure you can make $500 a day if you know what you’re doing

If you’re interested in figuring out the answer to, “Can you make 500 a day trading stocks?” then you’ve come to the right place.

First of all – and before we get too far into this subject – let me congratulate you on coming up with such a specific, goal-oriented question.

Asking questions like these will be able to really focus you and help specify the goal you’re looking to achieve.

And with having set such a specific target, I can also see that you’re looking to make $125,500 per year from your trading.

How do I know this? Because there are about 251 trading days per year (you can see how I arrived on that number from our article –  Trading Basics: How many stock trading days are there in a year? which you can check out by clicking this link).

Now, maybe that isn’t enough for you and you may need to revisit your goals but at least it gives you a great place to start.

So, Can you make 500 a day trading stocks?

Yes, you absolutely can make that kind of money or more trading stocks.

The first thing to do is to decide just how you want to go about getting that kind of money – the amount of effort that you want to put in to get it.

If you have a boatload of money, you may be able to just park it in a blue chip stock that pays dividends and collect the interest.

So if we take an example like Chevron (currently trading at $72.39 for this example) it is currently paying an average dividend of 7.1% per year.

And if your goal is to average $500 per day by trading stocks (and that you’re looking to make $125,500 per year as per what we’ve already discussed) you would need to buy approximately $1,760,563.3 worth of stock. (The calculation being desired return of $125,500 per year divided by 7.1% return per year)

Given Chevron’s current trading price of $72.39 it means you would need to buy approximately 24,320.5 shares of stock in order to do this.

Now, if you open a margin account with Questrade, you may have to only pay 30% of that value.

So rather than having to fork over the entire $1,760,563.30, you may only need to come up with $528,168.99.

Maybe now it seems a little closer and within reach?

Now, the price of the stock and as a result the dividends will fluctuate over the course of the year and it’s dividends are paid quarterly (which will allow you to compound and generate more return if you so choose) but for our simplistic example, you can see how this can be done.

Most people would diversify and have a variety of different dividend paying stocks in order to achieve this goal, but you can see how it works.

Now, as you’re asking whether you can make $500 daily trading stocks, I’m assuming that you don’t have $1,7760,563.30 (or even $528,168.99)  that you can just park in stocks in order to generate a return.

And if that’s true, then you’ll have to take a much more active approach to trading and incorporate some form of swing trading or day trading.

If you’re new to trading stocks (and especially if you’re new to day trading) I highly recommend that you get “The Day Trading Manifesto” book as it will help you get started on your trading journey.

The Power of Leverage

As I’ve just shown you in the example above, you can quickly see how powerful using other people’s money in the form of a margin account can be.

Having to come up with $528,168.99 instead of $1,760,563.30 makes a HUGE difference and paints a pretty dramatic example of the power of leverage that you can use when trading or investing in stocks.

Now, maybe the $528,168.99 is still too much for you to come up with.

But what if we adjusted our requirements for the amount of money we wanted to generate?

What if instead of $500 per day, we wanted to average $100 per day (or $25,100 per year)?

Well, let’s look at the numbers again, and we’ll stick with using Chevron as an example to keep things simple.

So to generate $25,100 per year, we calculate the amount we need to invest as: $25,100/7.2% = $348,611.11 in stock needed (about 4816.4 shares of stock).

But using a margin account, you only have to come up with $104,583.33 of your own money. This is the power of leverage. Where you can effectively make a lot more money even through you’re not using as much of your own money.

It might still be a lot of money, but it’s a lot more within reach than the $528,168.99. Of course with the $528,168.99 you’d be making $125,500 per year.

And making an extra $25,100 can make a big difference. Especially as current stats indicate most people are $200 away from losing their home.

The Quickest Way to Make $500 a Day Trading Stocks

the quickest way to make 500 a day trading stocksOk so now we can now look into how you can make this kind of money trading stocks.

In order to make this kind of money you’ll need to use either a day trading or swing trading style of trading.  (See this article for more information on what is involved for each trading style).

And you’ll have to work and develop your skills from trading using a practice account. Once you’ve done that you can eventually trade using real money.

If you’re starting out, the quickest way for you to get up and running is to join a stock trade alerts membership site. Then you’ll be trading alongside someone who has significant experience trading in the markets. (If there’s room, you might be able to join our stock trade alerts program inside “The Empirical Collective” here).

As we looked at in the example earlier how you can leverage your money using a margin account, by signing up for a trade alerts program you’re able to leverage someone else’s experience in order to get to your desired goal that much faster.

And if you combine both, you’ll be leap-frogging ahead of everyone else. That and you’ll have a chance to make money right away.

Can you make 500 a day trading stocks

Things other people have asked when searching for an answer to, “Can you make 500 a day trading stocks?”

Can you make money with stocks?

Yes, you can make money with stock investing if you choose from a good quality company and buy it at a low price. It is easy to lose money with stocks too because the market is always fluctuating. If you want your investment to succeed, it’s important that you have a plan in place for when the markets experience both ups and downs, don’t invest more than planned and keep records of every purchase/sale whether they’re successful or not.

How much does the average day trader make?

The average day trader can make anything from zero to millions of dollars per day, depending on skill level and risk tolerance.

The question is ambiguous since these are not mutually exclusive categories. So, if you want to calculate that number exactly, you would have to take into account the amounts of money made in each category- thus refining your question becomes more difficult. However, let’s assume that we’re talking about a professional full-time trader (someone who trades every single day for a living). That type of person can make much more than someone who only does it occasionally or when they feel like it. It’s unlikely that the average person makes much profit at all; however, many do work part time as traders and may find themselves eeking out a small profit.

Is it possible to make $100 a day day trading?

Yes, if you have the discipline.

It’s easy to see how trading stocks or FOREX can be addictive and it’s understandable that some people may want out (rather than build a company like they once wanted to). This is why quitting your job and taking on a high-risk profession, such as day trading with an investment of $1,000 with the mindset of making $100/day quickly is probably not going to work out for you.

If you do venture into day trading (or any other type of speculative endeavor), make sure the money is coming from savings built up over time or from cash flows, don’t jeopardize your significant other’s ability to live her dreams by making her financially dependent on you.

Can I make 500 a month trading stocks?

Yes – you can make 500 a month trading stocks, but not without risk.

The truth is that making money, no matter what the industry or discipline, comes down to two things: Marketing and skills. So for starters if someone doesn’t have the skills to execute well enough, then they’re never going to be able to generate revenue regardless of whether they’re actually processing trades or even setting foot outside of their home. It’s the execution which matters most.

And this is made easiest if you’re following the trade alerts given by the best options trading service

Why is it hard to trade stocks profitably?

Because stock prices are not always rational.

Information to include in answer: As a result, investing based on these price movements is risky and can lead to high levels of volatility.

A successful trade will only happen when somebody, knowingly or unknowingly, has an irrational belief about the value of their own assets and so they sell it for less than its actual worth and someone else buys it just because they believe that something might happen that other people don’t believe could happen. So if you try to predict this kind of behavior then you’re playing a ridiculously difficult game against somebody who knows exactly what they’re doing because stocks prices aren’t always rational. The universe doesn’t play fair all the time!

Who is the richest day trader?

Bill Lipschutz is the richest day trader. A former CEO of 19 different companies, he now runs a hedge fund and is worth over $2 billion.

Bill has also been donating money to various charities for many years and has given away more than $100 million of his own money.

What is day trading?

Day trading can be defined as buying one or more stocks for the purpose of resale on the same day at a higher price.

For example, Company A is trading at $5 per share, and someone comes in to buy 1000 shares worth of stock at 10am. He wants to make an additional profit by reselling 1000 shares before the end of the day when all other traders are closed for lunch. That means that there’s three possible outcomes in this scenario:

What are some good stocks for day trading?

There are a number of really good stocks out there for day trading, and it’s important to be aware of what stocks work well with the trader’s own skill set. Some traders have excellent abilities for entering into trades before the opening of the market, some have strong skills at holding positions from morning through early afternoon, and some can be excellent at timing exits on their positions during the last hour of the trading day. The most important thing is that whatever time period is selected by a trader, he or she needs to find a stock that has good volume during those hours so they can keep up with turnover opportunities.

Should you trade stocks or invest in them?

Invest in them.

People trade stocks to make a living, but if you have extra money that you can afford to invest at a respectable level, just go ahead and get into the market. You’ll end up making more over time than you would with trading because of the way investing work (compound interest, reinvestment). Trading is like gambling. Investing is playing the game right – for most people.

Why do most day traders fail?

Most day traders fail because they lack the knowledge to predict the market’s direction. Which is why many firms, such as The Empirical Collective, offer educational resources for budding traders.

What is the best way to trade for beginners?

There are two ways to trade for beginners. The first way is to trade manually, which can be time consuming and difficult. The second way is with a trading system and following the trades of a more experienced trading group, which can be much easier than manual trading and more effective in profit-making.

Can you get rich day trading?

Day trading is gambling. The odds of going broke in a day are high enough that most will go broke within the first few weeks. Trading is a highly skilled profession, and with time and patience can be won at with discipline over many years, but not with the manic pace of a day trader.

The world’s best traders know their trading traits they undertake only trades where they have an edge on the market using sound risk management techniques to control their losses. They have spent their lives learning from experience how to manage money so it doesn’t manage them .

What should I know about day trading before I start investing?

Day trading is a complex and risky endeavor. Before you start investing, there are a few important things to think about first.

First day trading can be very demanding both on your psychological state and your autonomy as it requires an almost 24 hours awake state of attention at some intervals. You’ll be constantly watching CNBC or other news names in an attempt to determine future stock moves. And it comes at a high cost to your personal well being – even if you make more income doing it. That’s why it’s crucial to invest in oneself, sleep well before starting day trading and keep one or two spare days per week for weekends with friends and family so that you still have enough energy left to put into trading with all the required attention once the weekend comes around again

Second know yourself – don’t take any step towards day trading if you’re not capable of correction: know if emotional stress or panic attacks will hinder your progress.

Most people are better off not day trading and just being an investor where they keep investing part of their salary each and every month.

That said, it’s not like you shouldn’t sign up for an online trading platform and start trading in the stock market.

Just make sure you do it smart. Use a stop loss, and figure out what you’re doing first before you, say – start trading your entire potential portfolio.

As a general rule, you’ll have few profitable trades when you start up. But if you keep going back to the books and learning, you’ll get there eventually.

Selling Put Options for Income – The Fast Start Guide

Selling put options can be a fantastic way to generate income.

There are so many ways to trade options. You can set things up to generate income weekly, monthly or on almost any time frame that you want.

Now, option expiration dates are limited to weekly or monthly options but you can always close a trade if needed.

If you’ve been following our articles, you know the trade alerts that I give out inside “The Empirical Collective” involves buying options.

We have plans to add more strategies for our members in the future, but for now we’ve focused on only buying calls or puts because:

  1. They are very simple trades to place.Even if people don’t have any past experience
  2. It doesn’t take a large account size to trade these sorts of options. Contrast that with selling options which require a larger initial deposit and for the account to be approved by your broker. If you are looking for a broker, I’d recommend using Questrade.

Now, as “The Minister of Capitalism” I don’t rule out any method or strategy to make money.

And for the record, I like selling options. But for the reasons I’ve listed above we haven’t added it as part of our service. But in an effort to serve our members better, I’m sure that will change in the future.

BUT you can certainly enjoy some fantastic returns if you sell options properly as well. And if you’re interested in learning how to sell options for income, I recommend you check out the resources that Samuel Goldman has made available. (Especially if you’re trying to grow a small account, as he has specific training on just that.)

So, let’s look into some of the basics as to how you can begin selling put options for income.

Selling Put Options for Income

selling put options for a livingIf you’ve read about this subject before, you’ve heard the “experts” say that buying options is for losers.

The stat they often throw around is that option sellers have a historical average of about a 75% success rate.

And I agree with them. In order to generate income virtually “on demand” the most reliable way to do that is to sell options.

(Of course, that hasn’t stopped my team and I from stacking up some fantastic returns with our alerts. See here.)

But this is the advantage selling options has over buying options. You’re able to make more money as the option get closer to the expiration date. But if you buy options the stock has to move in the direction of your trade before you make money.

Selling puts flips this around. Rather than saying stocks will increase or decrease by a certain amount, you’re saying a stock won’t fall below a certain level.

Essentially you’re setting yourself up as the bank and renting out options to other traders when you sell options.

But beyond just collecting this rental income, there’s a really cool upside. This happens if the trade goes against you. (IE if the stock DOES drop in price beyond the point you specified).

Selling Put Options for a Living – Here We Go!

Ok so now that you’ve got a basic idea of what’s involved, let’s look into this further. (Of course, maybe the idea of trading options is still confusing for you. If so, I HIGHLY recommend you read this book here.)

As we’ve covered, by selling a put, you think the value of a stock won’t drop below a certain price. This price is defined by the strike price of the option you sell.

But if the price of the stock does drop below that strike, at that point you’re obligated to purchase the stock at the price of the put you sold.

Let’s look at an example to try and make this super clear.

In the image below, I’ve pulled up the put options chain for Tesla.  In this case, the expiration is less than 1 week away. So if you were trading this set of options you’d be trading the “weeklys”. If you don’t understand the image below, I suggest you read, “How to Read Options chains” here.

At the time of pulling this image, the price of Tesla was $439.67.

trading weekly options for a living

So from the above, you can see that the 440 puts and above are currently “in the money.” So if you were going to sell puts for income, you want to choose an out of the money strike.

In order to do this, you want to choose a level at which you would be happy to own the stock. That way if the trade goes against you and you have to buy the stock it’s a win-win situation.

What you want to do is look at a chart and choose a strike that’s been a level of resistance before.

With that in mind, let’s use assume the 420 strike is the place we want to place our trade.

To do this, we would sell the 420 strike puts and collect $1375 per contract in premium. (This is before brokerage fees and all that, of course).

The math is just $13.75 (I just used the “last” fill price shown between the Bid and Ask spread for this example) x 100 shares.

So if we sold 1 contract we would collect the $1375 in premium and if, at the end of the trading week (when the option expires as this is a weekly option expiration) the price of Tesla is above $420, we get to keep all the premium.

If it drops below $420, we would have to buy 100 shares of Tesla for $42000. (Of course, your broker may only require you to put up a percentage of that cost in your margin account. Good brokers like Questrade may only require 30-50% in order to cover your trade.)

But if you’re happy owning the stock at that level anyways, this can be a great way of generating income.

Before we wrap this up though, let me share with you a few things to keep in mind before placing the trade.

Trading Weekly Options for a Living

  1. Choose stocks you think will increase or stay the same in value.

    If you’re using the sale of weekly puts for income, you ultimately aren’t wanting to end up having to buy the stock. And if this is the case, you need to choose stocks that you think will increase in value so that your trade will be safe and you can keep all of the premium you collected when you placed the trade. If you don’t know how to find stocks that can increase in value, you can sign up for my email list above for a quick method to do that, or you can pick up this book on being able to spot positive stock patterns that indicate a stock will go higher.

  2. Watch out for big announcements.

    Have a quick look before you place the trade and see if there is any big news on the horizon that may negatively affect the stock. Some of these things can be earnings announcements, a huge downturn in the economy or industry (watch for different announcements by the FED) and so on.

  3. Choose a strike you’d fine with owning the stock at. This is your worst case scenario – getting assigned the stock – if you’re just wanting to generate some income, but it’s a good idea to plan for it. So choose a strike that is a good trade-off between generating a good amount of income and a price you’d be happy owning the stock at.

  4. Trade the weeklys.

    Sure, you can choose virtually any combination of timeframe you choose, but as an option seller the closer the option you sell gets to its expiration date, the greater your odds will be of you being able to keep all  of the premium you collected when you placed the trade. And this is a huge reason why if you’re selling put options for income, you choose to trade options that expire within a week.

  5. Only trade liquid stocks.

    Don’t try to trade options on some weird, obscure stock that has a huge bid/ask spread in it’s stock price. You want to ensure that you have a large pool of both buyers and sellers to facilitate easy trading of the stock and options, and looking for stocks with a small bid/ask spread is a great indicator of that.

For me personally, I typically look to trade large blue-chip companies that issue dividends. And for the most part, this is because I generally want these sorts of companies added to my retirement portfolio account, so if I choose a good company I’m fine with holding for the long term and I get assigned the stock at my defined price, it’s not the end of the world because I’ve got a longer-term timeframe for that account.

Now, I wouldn’t be super happy if I was assigned stock and had a huge chunk of my active trading account tied up if a trade went against me.

So there you have it – a quick primer on selling put options for income.

If your head is spinning and you can’t figure this out (or if you can’t afford to open an account large enough to sell puts), you can always get involved and sign up for a membership in “The Empirical Collective” and trade along with our simple options buying alerts. You can get discounted access here.

If you’d like to do a little more research into finding the  best options trading alert service please click to read our article – we’ve narrowed it down from quite a list of services that are currently on the market!

Selling Put Options for Incometrading weekly options for a living

How to Day Trade Options – DIY Guide

So you’ve decided on both a trading style and have come up with figuring out how to day trade options, have you?

If so, that’s fantastic!

It really is – not many traders actually do the research and get as specific and defined to the point where they’ve honed in on a specific trading style.

Most bounce around and “try” different things and often give up in the end.

But that’s not going to be you, because I’m going to explain exactly how to day trade options, point you in the right direction and you’re going to take action and go for it, aren’t you?

Of course you are! And you’re going to get fantastic results too!

So let’s get into this!

How to Day Trade Options – A Startup Guide

trading options for incomeThe first thing we’ve got to be clear about one major point.

Day Trading Means You Close Your Trades at The End of Each Trading Day

Now, because you’re looking to day trade options, that means you’re opening and closing all trades within one trading day. Or, by definition, what you’re doing isn’t day trading but in fact swing trading.

And this is an extremely important thing to keep in mind as if you’re day trading, you’re going to need to trade stocks that have a high level of volatility or their options have a very close option expiration date (or both).

If you don’t do at least one of these things, there’s a very good chance that the options you choose to trade might not move enough during the trading day for you to make any sort of profit before you close out your trades at the end of the day.

The other route you can take (if you don’t want to trade stocks with a high level of volatility or trade contracts with a close expiration date) is to trade a larger number of options contracts (IE scale your trades up) so that even with a small movement in the options’ value, you stand to make a profit that’s worth the risk.

But that’s the first big decision that you need to make – just how you are going to go about executing these trades, whether you’re going to employ a typical day trading style, where you leverage your trades up to a level where a small price movement in the underlying option will produce enough profits, or if you take a more conservative approach and trade a smaller number of contracts that where the stock has a higher level of volatility and shorter time before expiration.

It’s a trade-off between the two and you’ll have to make that call on your own.

If you’re used to day trading already then you’re probably already comfortable trading with larger trade sizes and have the ability to manage your trades and money properly (IE you’ve already got strict money management rules in place to where you can cut a losing trade fast and cash in a winning trade at the proper time).

On the other hand, if you’re not comfortable using that sort of style, I suggest that you either learn more about day trading (see this book here for a great primer) or hone your skills using a trading practice account first… or do both.

But those are about your only two, well, options when it comes to day trading options.

If you don’t scale your trades up enough and try to trade option contracts that don’t move much (IE have a low level of volatility or the expiration date is too far away for a change in the stock price to make a difference in the price of the option) then the value of the option contract won’t be able to change enough in one trading day for you to make any money.

So there’s that.

Moving on….

What Options Should You Trade?

To get started, I recommend that you trade the most liquid options that you can find.

This means that you’ll need to stick with either some very well known and commonly traded companies – or my favorite – indexes and ETF’s.

If you don’t you run the risk of trying to trade an option contract that isn’t liquid.

And if you’re trading anything that isn’t liquid -whether it be penny stocks, stocks, or options – it can be hard to enter and exit a trade at the price you want as the spreads will often be pretty wide.

“What’s a spread?”, you might be asking? It’s just the price difference between the Bid and Ask prices.

I’ve found the quickest way to determine a security’s level of liquidity is to look at the Bid/Ask spread.

Securities having a small bid/ask spread are more liquid than ones having a wide one.

Let’s look at an example of an options chain I pulled up for CAT:

options for dummies

Look at the blue column where it says 180 (this is the 180 strike), you can see the difference between the bid/ask is about $0.04 (0.22-0.18).

Compare that with an options chain for an options chain I pulled up for MU:

weekly options trading

Let’s look at the 52 strike – you can see the spread is about 0.13 (0.77-0.64).

So between the two of them, the CAT options would be more liquid – meaning that at any given point of time there are more buyers and sellers willing to trade these CAT options.

And I can’t stress how important this is – because in my experience you can almost always buy, but if something is not liquid it can be really hard to sell (IE you can get stuck holding it).

So once you’ve found a liquid option to trade, we can move onto the next step.

How to Choose The Right Options

option in the moneyIf you’re not taking the traditional day trading route of trading large position sizes to capitalize on small price movements, you’ll have to choose options that have the ability to move a lot – which makes them volatile.

And more volatility means more risk, which in turn means that you will be paid more for taking this risk.

In order to determine how volatile the stock is, you need to either use an online stock screener, calculate it manually or look at a chart showing it’s daily trading range for a week or a month. If it has a wide trading range with large swings, the stock is volatile.

After that, you need to choose your expiration date of when your option expires.

Now if a stock is volatile and you choose an expiration date that’s really close (IE ends at the end of the trading week) your options values will generally increase or decrease in response to these swings and the shorter time frame that the trade has to reverse and go in the opposite direction.

The key thing to keep in mind is to look at the value of the options Delta, which gives you a rough idea as to the odds of the option ending up “in the money” at the time of the options expiration date. (If this all seems “Greek” to you – sorry bad pun – then I suggest you read this book to get up to speed on the basics of trading options).

Once you’ve chosen a liquid security to trade, have decided on just how volatile it is in relation to how close the option expiration date and have considered the odds of the option ending in the money at expiration (checking the option’s Delta value), you’re ready to apply your trade strategy.

Now you can buy or sell your calls or puts!

Please note: that this is a lot of investigative leg work just to get to where you have a list of stocks, indexes or ETF’s that you can consider trading. But once you’ve done this a few times and have placed a few trades, you’ll come up with a list of securities that you like to trade. And then you won’t have to worry about doing this over and over, as most traders will gravitate towards a handful of stocks that they check for certain trade set ups and have a couple favorite strategies that they deploy based on what they feel will happen.

Don’t forget in all of this, that you need to have an idea of what direction the stock will take (if at all) so you can call the direction of the trade and set up the proper option trade. So you’ll have to be able to spot profitable stock trade setups, or use a scanner to do it automatically for you.

There are a few important things to know before trading options. And as you can see, there are a couple more things to consider than when compared to day trading stocks.

When you trade options, you’re employing more leverage to risk a little less and potentially win a lot more.

I’ve got to say that the effort’s worth the rewards.

For the options alert service I offer, I don’t do any sort of day trading. My team and I focus exclusively on swing trading. So if day trading is your thing, I would recommend you don’t sign up.

But if all this day trading stuff seems a little too rushed and too complex for you, you can sign up for our options trade alerts by getting a membership in “The Empirical Collective” here.

How to Day Trade Options