With the economy coming out of a long recession (that may still continue for years) I’ve gotten a lot of emails from people wondering if they should still consider options trading anymore.
Most people are scared to risk money and are more interested in just keeping what they have for the time being. They want to leave options trading for “better days” I guess. Not me…
Options Are Your Best Friend In This Market
Any paper or article you read will undoubtedly have some dire predictions. I just recently posted a video about the possible Perfect Storm that could keep this economy in the dumps for the next couple years. Believe me things are not looking good long term – but options trading is STILL your BEST friend in this market!
You Can Profit In Any Market Condition
Many people are still successful in the area of trading options, you just need to be smart about it. Don’t try wild and crazy strategies that you have never back tested or paper traded. Since strategy is everything when making good trades, particularly when the market is looking bad – you really need to take the time to completely understand what can happen with your trades.
Learn to be consistent – in the long run it’s much more important that making home run trades. A consistent 1-2% per month will add up over time and take your portfolio to new highs. This is something I learned a long time ago and has helped me stay profitable after all these years.
Learn non-directional strategies that help you trade in any market: Bull, Bear, Neutral. Actually the times when I have made the most money trading are during bear markets! You’ll find that there are ups and downs even in the worst economy and there are ways to take advantage of that.
Are You Waiting For A Better Opportunity?
Honestly, what the hell are you waiting for? Now is the perfect time to get into options trading. We all know that the best time to get into a trend is early and at the bottom. There are plenty of opportunities right now and if you have the right strategy, you can easily make successful trades month after month.
Stop making excuses for yourself – sure it will be hard work at first but did you ever get anything worth having that didn’t require hard work? Of course not. The sooner you recognize this the better. What would you have given to buy more stock at the bottom in 2009? The same thinking applies…start now and not tomorrow.
Focus on spending a couple hours each week analyzing the market and expanding your options education. Learn how to avoid beginner mistakes now and you’ll be on your way to trading success.
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I’ve been told by tons of people that you’ve got to either have a lot of money or a really killer system to trade options and win. Some new indicator or signal that will transform your portfolio.
And I’m sure you’ve heard the same thing and are sick of these expensive, dead-end courses and websites wasting your time and money.
Honestly, there is no “magic secret” to trading options. It simply comes down to an understanding of risk management, option pricing and strategy selection.
Instead of learning these lessons the hard way (i.e. losing your shirt in the market), why not take my free 4-part video course as I cover each area in detail. Plus, I’ll go over the exact checklist I use for selecting trades each month!
Leave A Reply (1 Comment )
Dale Hagglund
433 days ago
The great thing about options is the ability to profit from the bearish moves. Bad news triggers fear, and fear is a very powerful emotion, just look at how quickly a stock can move down after months of a slow crawl upward. The chart patterns work inversely just as well, if you train yourself to look at things upside down, and break away from the mindset that winning only works when things are going up, you will actually find that you can feel good about a down market. Love the Bulls and the Bears, they can both give you profits with the power of options.
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