Trading options as a business
Can It Really Be This EASY To Learn How To Create A Portfolio Of Stock Option Trades, Adjust The Positions With Market Changes, And Manage The Whole Account Methodically "By The Numbers" Like A Professional? The Answer Is " YES " Then This May Be The Most Important Report You Have Ever Read Before you read on, there are some questions I want you to consider first. If you answered "yes" to any of these questions, Business encourage you to read the rest of this report because it reveals information that you are going to find enormously valuable. Most retail options traders begin their options trading career by picking up a book or attending a seminar where they learn about one or more option trading strategies. Perhaps they subscribe to a website where they learn about a "bullet proof" trading scheme. What all of these paths hold in common is that they are geared for "retail" traders and focus on individual trades. What you're not told is that there is no one option strategy that works all of the time. Covered call traders tend to do real trading during periods when the market is climbing higher and will even make out okay when it's trading sideways. A falling market can bring a lot of pain for them, however. Married put traders can make a killing during market rallies. It's while they're waiting for that upward movement that their trades languish. Ever hear of iron condors? Terrific for taking advantage of range bound markets, but when the market makes a big move up or down, you can really get hurt. Options, what if we took all of the best things these strategies offered and rolled it into one monstrous options strategy? There are folks who have tried this. It's a trap for the unwary. What if you learned how to trade like a professional? What if you learned how to open multiple options positions, each complimenting the rest of your portfolio, to create exactly the risk profile you want? First, let me share a bit of my history as an options trader so that you can appreciate where I am coming from and why you might want to consider what I have put together here. How Irrational Exuberance Prepared Me To Trade Options Like A Business My name is Chris Smith. I'm the founder of TheOptionClub. Ten years ago I was confidently trading the stock market, taking profits out of nearly every trade I opened. I bought stock, watched its price run higher, and sold it for a nice profit. What I did not options was that we were experiencing a wildly irrational bull market I was just another one of the lemmings drinking the Kool Aid as I bought stock as fast as my on-line broker and dial-up Internet connection allowed Yes, it was the "Dot Trading era and I was riding the euphoric wave that lifted profitless companies with the expectation that the Internet was going to As the market began to wake up to the fact that most of these Internet companies were losing money quarter-after-quarter, and clue in on the reality that they trading stock in a bunch of crappy companies, the market began a vicious sell-off that ripped gaping holes in my portfolio. Now I was using stop loss orders, which were routinely being triggered as I continued to buy stock in a falling market. I was getting clobbered! Finally, I realized that buying stock in a bear market was a fool's game and that I was the fool playing it. I was humbled and finally realized that there was a great deal I needed to learn One day while the market was selling off, I found myself sitting in business conference business for most of the day. During the breaks, I began talking to the guy next to me about the market and confessed that I had suffered a real set back. That day, at lunch and during each break, I asked questions and even took notes about how Charlie was selling call options against his stock. Each month Charlie would look for stocks that had found support in the market or that had begun to trend higher. Once he had several candidates, he looked at the call premium and calculated his return for each one. Charlie just shrugged and with a casual gesture said he would keep selling his calls each month, just like a cash machine After that conference was over, I was on the telephone to my broker asking about options and what I needed to do to trade them. The brokerage sent over a small pile of forms I had to complete and send back. Looking at that pile of forms, which seemed like just one more disclaimer after another, it occurred to me that I might want to learn a little more about options before jumping in Enter The Hotel Seminar My first step after spending the day with Charlie, was to buy a small handful of books about options. I read up on covered calls and then tried Charlie's cash machine approach. What I found was that covered calls don't work so well in a bear market. It didn't matter, though. I had learned enough to know that options were the solution I was looking for and it was simply a matter of educating myself properly. The next step was to "invest" thousands of dollars in a weekend seminar that promised to reveal all I needed to know to trade options. For two days I sat in a hotel ballroom and learned the basics about options I was fascinated, though. I also remained convinced that options held tremendous opportunity for me to control market risks, create profit opportunities, and resurrect my investment and trading accounts Getting Serious And Trading Like A Business. After years of reading about options, discussing options, back-testing, experimenting, and learning as much as I could possibly learn about options I began to formulate the theories options philosophies that would finally allow options to realize my goal. What I did was step away from the "one trick options trading pony" mentality. Iron condors are great when the market is range bound, but you'll suffer when it breaks out from its range. Calendar spreads and diagonals will deal you losses when implied volatility falls Covered calls work well in flat and up-trending markets Married puts seem so safe, but they're no safer than buying a long call and they need an upward market move if you hope to make money I had business that no one option strategy was fool proof and that options simple fact was not going to change no matter how much you tortured any given strategy with adjustments and modifications. Unfortunately, most of the subscription trading services only focus on ONE strategy! Many try to convince you that their system is your key to obscene wealth, but come on Appreciating that each options strategy has its own inherent strengths and weaknesses, it becomes apparent that no one strategy holds the answer If there is no ONE strategy, then what's the answer? Before answering that question, let's ask another. Who's actually making money trading options? Well, if professional traders make money trading options perhaps it would make sense for us to pay attention to what they do and then try to adopt similar approaches in our own accounts. Now, the answer to the first question is that if there is no ONE strategy that will unlock the vault, then the answer lies in using a combination of several strategies. If you doubt that conclusion, just watch a professional options trader over the course of the business. They will adopt the strategy that best suits the market's condition. There Are ONLY Two Market Certainties. So, We Want To Make Sure Our Trading Takes Trading Of Them. I had also learned that the market was unpredictable. Technical analysis has its uses, but it is NOT a crystal ball and no one is going to foretell market sell-offs or declines reliably enough for us to make money What is certain is that market prices will fluctuate from one day to the next and that stock options will expire. Playing on this certainty, I business the core of the portfolio on "theta positive" positions. I also developed strategies and techniques to take advantage of directional price moves, hedge against market sell-offs, and to protect profits once earned All of the theories and skills I've referenced are not secret or proprietary in any sense. They are commonly used by knowledgeable options traders, both professionals working with institutional money, as well as sophisticated retail traders. The key is to first learn the basics about options and how they work, then refine that knowledge into a comprehensive trading approach I did it after several years and business the benefit of having access to some very knowledgeable people in the option trading world. He had learned the very same, or very similar, lessons that I had learned and had developed a trading methodology quite similar to my own. Each month he was building a core portfolio of theta trading trades to create a large profit envelope. He then complimented the theta positive positions with short-term directional trades. The short-term nature of the directional trades limited the negative effect of theta and hedged against significant changes in implied volatility. Those trades also helped offset the risk of a large market move. What was particularly surprising was that he had produced numerous videos revealing exactly what he did options month. It was like walking over to your neighbor's house and listening while they explain how to program your VCR I had to watch the full set of videos, which he was offering for sale. I paid a "pretty penny" to get a copy but it was well worth it. In fact, I learned a few things that I began incorporating into my own trading. What really got me was how similar his approach to option trading was to my own. After watching the entire set of videos, I got in touch with this gentleman and bought a license to the entire video set because I knew I had to share them with the members of TheOptionClub. I do happen to have some thoughts about things that were not contained in his videos. So, I intend to add to his materials with videos and publications of my own Now, that license was not cheap and I may very well end up regretting parting with that cash. However, I felt is was important for me to do so that I could bring those instructional video materials to you. Mine are not too shabby either and I do happen to have some thoughts about things that were not contained in his videos. What I can tell you is that if you answered "yes" to just one, or even all of those questions, it is because you have not made the transition from business educated about options to knowing how to really use them. Years ago I went to college and got a business degree. I learned about accounting. I was taught various economic theories. I studied marketing, and finance, and production theory After college I went to law school and took classes in contracts, criminal law, civil procedure, tax, and more When I graduated from law school, after another three years of study on top of what I spent in college, I had learned quite a bit, but did not know how to practice law It's not that I was a defective student. It's that my education in college and law school were not designed to teach me how to run trading business or to even practice law. That combined seven years of my life wasn't wasted, though. What I received were valuable building blocks business I could put to use in my choice of career path. The point I am driving at is the fact that college and law school gave me an academic and theoretical understanding of various concepts. The experience broadened my mind and exposed me to new ideas After college and law school I got a job and began encountering real world problems. I learned how to apply my theoretical knowledge by watching more experienced people. I went through the same process with options, and so does everyone else who decides that they want to trade them. If you have learned about options and have an understanding as to how they work you are probably ready to learn how to apply that theory This business where a lot of new option traders encounter frustration. Their initial trades may fail to produce profits. They may achieve profitability for a period of time, just to see those profits disappear in a string of losses. Discovering How To Apply Options Theory To Real Markets. There are a few good training programs available that will show you how to take your knowledge about stock options and apply it in a methodical, business-like manner to create consistent and ongoing profits. Well, there is now a lower cost alternative. Below I have embedded just a portion of one of the videos I mentioned earlier. It's less than 10 minutes long AND I shrunk the size down to fit on this web page I have the full length version of this video, which runs about minutes, plus seven additional videos that I am making available at absolutely no cost. You trading watch them for FREE The link to the first video is live. If after watching that video you want to watch all eight of them, just provide your first name and e-mail in the form below. Watch All 8 Videos! Just enter your first name and a valid e-mail address, and you'll be watching the videos within minutes! You will receive an e-mail from trading, asking that you confirm your request. Once you click on the confirmation link, we will provide you with immediate access to videos 2 through 8. The Trading Room Was Opened Up To A Small Group Of Traders. See What They Have To Say About It Very impressive amount of info for any trader and certainly valuable for both the experienced and newby types. I am really looking forward to getting started. Thanks so much for your staying on top of so much involving the option club. There is so much more responsibility involved than meets the eye and your efforts are so appreciated. I've started to paper trade using the methodology presented and am very excited about the potential for monthly options generation that I see. Additionally, I look forward to the forum discussions to help further fine-tune this trading methodology as well as acquire more knowledge about "trading as a business" in general. I would highly recommend the Trading Room as a place to further one's option trading education. Being able to discuss trades and look at what other traders are thinking and doing is really powerful way to leverage everyones collective knowledge. The fact that you have David Valliere's course "Trading as a Business" is a real bonus. This will give a lot of traders a very interesting perspective on options trading and developing a disciplined strategy for wealth creation and a clear method for generating consistent income. What You Can Expect From Your Trading Room Subscription. Upon subscribing, you will have access to the core trading course, which consists of 11 modules. Each of these modules contain several 'hands-on' videos walking you through the topics covered. The videos let you see exactly what to do as you learn and you can watch them over and over again to strengthen your understanding. Options I mentioned above, I plan to expand upon these original course videos and add additional materials over time. Trading is an ever evolving practice, so we aren't going to let this curriculum grow stale. There are topics that have already been identified and that will be addressed. Members subscribing to the service are also making requests for new materials, and while we can't guarantee that every request will be fulfilled, we are trying to accommodate as many as we reasonably can. You will be able to download and watch these videos on your home computer. We will give you the username and password you need to access them anytime of the day or night - when it's convenient to your schedule. In addition, you will have access to these videos and any new materials we add at a later date, so long as you remain a subscriber! This Module is designed to introduce you to a new way to trade stocks and options - as a business. Emphasis is on risk management and building a portfolio of trades that can be managed 'by the numbers'. Learning the craft, acquiring the skills required to be successful in this business. The 'greeks' play a critical role in your trading business. We totally de-mystify them and tell you exactly what the greeks are and, in practical, easy to understand language demonstrate how they impact your business. The greeks are the numbers you need to understand to manage your portfolio profitably. We've set the stage, now it's time to get on with the work at hand. This is where things get good and interesting. What positions do we take? How do we determine when and how? What is the big picture behind what we're doing. Build a portfolio by putting on positions that work together. This is where many traders go wrong - they put on individual positions and do not understand how they affect your overall portfolio. USING THE TOS PLATFORM - THE TOOLS OF THE TRADE. ThinkOrSwim TOSin my opinion is the best broker and has the best trading platform available. If you had to pay separately for the kind of analysis tools they give you as an account holder it would cost you many hundreds of dollars a month in fees - with TOS they're free. I take you inside the TOS platform and help you access the power you have at your finger tips. Now business we have built our portfolio, how do we manage it by the numbers? We learned the greeks, now it's options to put them into action. The key to success is knowing how to look at the numbers and know, without a doubt, what they mean and what to do with trading if anything. What happens when our numbers don't look good? It's too bad because most trades can be saved to business a profit! That's what adjusting can do for you! In Trading As A Business, we KNOW what to do. We trade with confidence. I call it Smart Allocation of Capital. The art of adjustments is the missing link in trading options and stocks that almost no one teaches. How to close positions for maximum profits. How and when to close positions. The risks of holding positions into expiration week. When an how to 'buy' short-term insurance to protect your profits and increase your wealth in expiration week. How to close positions and get free trades left over that, although small, have a chance of DOUBLING our profits. What kinds of technical analysis help us in our business? There are only a few key analysis tools that can help you determine the probabilities of market direction and I tell you exactly what those are in Part 1 as well as give you insights into why the market moves up and down in seemingly random fashion. I'll also give you a historical perspective on market movements going back to and give you a realistic plan of attack for determining future market direction based on factual evidence. In Part 2, I dive into short-term indicators that can sharpen your edge in the markets to better time your trades. Not even one of these strategies requires any knowledge of 'technical analaysis' - it can help, but it's not required. These make money whether the market goes up or down. These are strategies you can manage based on 'the numbers'. One important thing I should mention: There are ways to make money that are NOT obvious. For example, when you buy a stock you understand that when it goes down you lose money and when it goes up you make money. But did you know you there are ways to trading money even when the stock goes down When good stocks move down the strategy I describe in Strategy 1 makes more money than if they go up! How can that be? It's trading I have been studying for years, and it works every time and cannot fail to work. The most money at risk? That was the total amount that was at risk when this position was initiated and NO more money was ever put into the position. And it doesn't matter if the stock goes up or down but does require an longer time frame- 6 to 8 months is not uncommon for these trades to create the profits you can brag about. Want to make a killing in the market? It doesn't get any better than this. Another method which we'll call "Flipping Stocks" let's us buy stocks cheaper than others and if the market does not cooperate with our plan - we get paid lots of money for waiting until it does! This is for bigger players with more capital This strategy is extremely powerful and one of the biggest real 'secrets' that no one has ever discussed options I know of. Wait till you see the power of this strategy. Think there's no free-lunch on Wall Street? This isn't one either but it's as close as it gets to one! This is the perfect strategy for playing earnings reports, takeover news stocks and any stock you think will move big in any direction with little risk. If you want to be more active in stocks but hate the risk, you'll love this. Day trade without the risk normally associated with day trading. Can be setup to be an 'semi-automated' trading system. If you liked the idea of the monthly income trades but was wondering how to 'turbo charge' them to make a fortune, then you will love THIS. This last strategy is the 'icing' on the cake Why didn't I reveal this before? You would not be able to use this strategy without a good foundation that was laid out in Module 0 to Everything we have learned thus far has been leading up to Explosive Strategy 4 and this one. This allows us to provide you with the highest quality and clearest videos for you to watch. You may make one copy of these videos on a storage device CD, DVD or external drive but may not allow anyone else to view, copy or share them. They are for your use only. In addition you will receive access to approximately 30 "Daily Market Review and Commentary" videos. In the Daily Market Review Videos you will see what not to do, discussions about assessing and responding to market conditions, the process of digging into your positions so you understand what your numbers mean, how to assess the 'health' of the market and trends, and more Basically you'll experience historical markets options a day-by-day basis by looking over a trader's shoulder as they 'think out loud' and strategise positions, and do some deep thinking about their portfolio and this business. Regular live training sessions are held most weekends. Just log-in on your computer or dial in using your telephone. Those training sessions are recorded and added to the download archive. We have established a private, members-only discussion forum. This is where you can connect with others studying the same materials as you, ask questions, get answers, and discuss trading. You'll have access to the forum for as long as you're a member. As long as you remain a subscriber, you will have access to our latest materials and can take part in our ongoing options trading discussions. What's The Bottom Line? The goal here is to make this incredibly affordable so you can learn the concepts necessary to "trade like a business" without the stress of a large commitment. There are just a few guys out there who are worth paying that kind of money to, and at some point you may be willing to sign up with them. As for the rest, I know that you will get much more from this course. I want to put some solid materials in your hands at a very reasonable and affordable price. Some will call it down right cheap This allows us to update and keep our materials fresh, and provide on-going support through our discussion forum. Once you subscribe you may log into the Trading Room and review all that is available there. After the initial 48 hours, you may cancel your membership at any time and not be billed further. Monthly fees will not be prorated. The bottom line is that once you log into the Trading Room after having subscribed, take a look around. If it's not what you want, just send me an e-mail and let me know within 48 hours. I'll reverse all charges and we go on with our lives. If you log in and options pretty enthusiastic about what you see there and I'm pretty confident you will download the videos from the first module or two and dive in. Check into the private discussion forum and get acquainted with your fellow students. The TOC Trading Room is a private membership web site intended to help subscribers learn about options and how options can be used within an investment or trading portfolio. It is not a trade advisory service. All purchases are subject to our Terms of Service. Trading As A Business - Managing By The Numbers. That's how the professionals do it.
This was usually done in the form of an online, text-based newsletter that was downloaded and then transferred to independent BBSes across the country.
Despite what you see in some diet books and TV programmes, healthy eating is really straightforward.
Give your teen a calendar or personal planner to help get organized.