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A tartalmat a Joshua Belanger biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a Joshua Belanger vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.
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Decisions, Decisions
Join Mandii B and Weezy WTF as they navigate the evolution of their podcasting journey in this candid and hilarious episode of “Decisions, Decisions.” Reflecting on nearly a decade of bold conversations, the duo opens up about the challenges and triumphs of rebranding their iconic show, previously known as “WHOREible Decisions.” Dive into their reasoning behind the name change, their growth as individuals, and the dynamics of creating space for nontraditional relationships and personal self-love. This episode features thought-provoking discussions on societal norms, reclaiming identity, and the complexities of managing a brand that champions inclusivity while addressing the limitations of media algorithms. From celibacy and creative reinvention to navigating life changes and unconventional lifestyles, Mandy and Weezy offer raw, unfiltered takes that will keep you engaged and inspired. Follow the hosts on social media Weezy @Weezywtf & Mandii B @Fullcourtpumps and follow the Decisions Decisions pages Instagram @_decisionsdecisions Don't forget to tag #decisionsdecisions or @ us to let us know what you think of this week's episode! Want more? Bonus episodes, merch and more Whoreible Decisions!! Become a Patron at Patreon.com/whoreibledecisions See omnystudio.com/listener for privacy information.…
Paper Trading In Your Sex Suit
Manage episode 152573511 series 1063725
A tartalmat a Joshua Belanger biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a Joshua Belanger vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.
Earlier today, I nearly spit out my La Croix all over my computer. I don't know if you saw this, but If not, you're going to get a kick out of this. One of the most recent technological advances is the creation of a virtual reality sex suit. Yeah, now if you're into that kind of thing (No judgement) here's how it works. The kit uses a special headset and a bodysuit with sensors attached. And the whole point of it is to give men the notion they're having intercourse. It even comes with a moving machine designed to simulate breasts. For just $430 you can send impulses all over your body to make it feel like a woman is touching you. Oh yeah, baby! Then the article finishes off with saying (No pun intended): "The suit is revolutionizing sexual pleasure, and bringing sexuality to the forefront for all to enjoy." Just think about how that conversation with the wife would go if she walks in on you all suited up. It got me thinking, not about the suit, but how this VR sex suit idea reminds me of simulated trading or paper trading. Either way, you're just living in fantasyland. You see, in my opinion, paper trading is useless! The only benefit it provides is first learning how to use your trading platform. I know many people say it's an excellent way to get started. But I beg to differ. Reason being, if you're serious about trading, you need to have some skin in the game. And a sensible way to get started is to put on one contract, start small, and use defined risk. Contrary to what you want; it's not about making money right away. It's about getting going and learning how to stay consistent. Most are not realistic about the game they're getting involved with because they are expecting overnight success, which is just foolish. Think about it… it's just like making love. The 100th time you've done it, you're going to be MUCH better at it, than the first time around. But you'll never make it to the 100th time if you stay in your comfort zone. Instead, you'll stay stuck with something easy like a VR sex suit or watching internet porn. So if you're serious about mastering options trading and want a teacher you wished you had when you first lost your virginity. I've interviewed 12 of best traders in the world who will tell you exactly what to do exactly so you can quickly create massive success from the markets like them and you will also learn some of their closely guarded secrets. You can find these thought stimulating interviews here: https://sizzle.samcart.com/products/investor-audio-interviews To your wealth, freedom and options! Joshua Belanger
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59 epizódok
Manage episode 152573511 series 1063725
A tartalmat a Joshua Belanger biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a Joshua Belanger vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.
Earlier today, I nearly spit out my La Croix all over my computer. I don't know if you saw this, but If not, you're going to get a kick out of this. One of the most recent technological advances is the creation of a virtual reality sex suit. Yeah, now if you're into that kind of thing (No judgement) here's how it works. The kit uses a special headset and a bodysuit with sensors attached. And the whole point of it is to give men the notion they're having intercourse. It even comes with a moving machine designed to simulate breasts. For just $430 you can send impulses all over your body to make it feel like a woman is touching you. Oh yeah, baby! Then the article finishes off with saying (No pun intended): "The suit is revolutionizing sexual pleasure, and bringing sexuality to the forefront for all to enjoy." Just think about how that conversation with the wife would go if she walks in on you all suited up. It got me thinking, not about the suit, but how this VR sex suit idea reminds me of simulated trading or paper trading. Either way, you're just living in fantasyland. You see, in my opinion, paper trading is useless! The only benefit it provides is first learning how to use your trading platform. I know many people say it's an excellent way to get started. But I beg to differ. Reason being, if you're serious about trading, you need to have some skin in the game. And a sensible way to get started is to put on one contract, start small, and use defined risk. Contrary to what you want; it's not about making money right away. It's about getting going and learning how to stay consistent. Most are not realistic about the game they're getting involved with because they are expecting overnight success, which is just foolish. Think about it… it's just like making love. The 100th time you've done it, you're going to be MUCH better at it, than the first time around. But you'll never make it to the 100th time if you stay in your comfort zone. Instead, you'll stay stuck with something easy like a VR sex suit or watching internet porn. So if you're serious about mastering options trading and want a teacher you wished you had when you first lost your virginity. I've interviewed 12 of best traders in the world who will tell you exactly what to do exactly so you can quickly create massive success from the markets like them and you will also learn some of their closely guarded secrets. You can find these thought stimulating interviews here: https://sizzle.samcart.com/products/investor-audio-interviews To your wealth, freedom and options! Joshua Belanger
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59 epizódok
Minden epizód
×It fails many Americans! So says the father of the modern day 401(k). Do you mind if I share some of my insider viewpoints why this is? Great! The 401(k) passed into law under the Revenue Act of 1978. The... Revenue Act? Hmm... What's more unusual is that IRS was in charge of the 401(k), which is the same government body in charge of getting as much money from you. That's a little conflicting, right? Before the 401(k), companies offered pension plans to employees. Companies started to realize the amount of risk that these pensions had put on the company. The way the could transfer the risk and responsibility from company to employee was through a 401(k). One of the common rebuttals is that it's tax-deferred. True... But here's the fine print. Federal Income Tax is deferred, but Social Security and Medicare are taxed 7.6% a year. The 401(k) tax benefit was to help executives on their yearly bonuses, not the middle-class worker. That is why I make the case that most people are not in a position to benefit from the tax benefit. Usually, in life, you end up paying more for something later; than you would if you paid now. But, if my employer matches my contribution, it's free money. That's your decision to make, but I don't think it's worth it. After the introduction of the 401(k), this opened the door to bankers getting their hands on your money causing most to turn a blind eye over the years saying, let a professional do it. 99% of 401(k) plans provide limited options which all happen to be mutual funds that have management and hidden fees. After fees, the average return drops down to 2%-4%. Then factor in a conservative number of 3% for inflation, poof! You take all the market risk while the funds collect their fees and you can't touch it. From what I've researched, the average 401(k) balance is around $96,000. Let's pretend you retired today with $250,000 in your 401(k). Let's say the annual interest rate earned on that nest egg is 2% with inflation at 3% (annually). If took $15,000 a year from that account to live off, it would last 25 years, that's it. That is a real problem most Americans face today because that's not enough to survive. I saw this first hand with my Great Grandma (Nan). Before she passed at 87 years old, she was battling cancer, buried in debt and still searching for a job. That is the mission OptionSIZZLE was founded on, which is to help people like you take back control of your money and become independent money making machines. To your wealth, freedom, and options! Joshua Belanger…
You’re a scam! That’s the reply I received back from a self-proclaimed “not your average financial expert.” I had reached out to ask if he was open to having me on his weekday investing radio show. He copied and pasted the whole sales page for our Weekly Options Income Course, saying he didn’t understand why I would need more exposure since I can generate a 6% return every week. It’s an approach by creating high probability outcomes using the S&P 500 options with defined spreads. I can see why it may turn off someone at first if they just read the headline, but he’s insisting that we’re saying it’s guaranteed. So I replied: “Don’t you talk to your audience about how to use options to enhance returns, reduce risk and increase the probability of success?” Keep in mind this guy has a weekday radio show telling people how to manage their money and he manages money for others. Here’s his full reply: “I don’t. I certainly don’t suggest people use options unless they are wealthy. Options can be a nice strategy to protect wealth via hedges. Sadly, options are typically sold to non-wealthy people as a way of getting commissions, newsletter or website services subscriptions, etc. If you were good at options from a practical point, you wouldn’t be in the business of selling systems to teach laymen how to do it. Even the name “optionsizzle” sounds creepy and invites SEC and Finra scrutiny.” I don’t want to it to be the pot calling the kettle black, but I’m sharing this to encourage you. That’s his opinion, which is uninformed. This guy likely talks a good game to clients using the same rehashed financial nonsense. In fact, this is on his site, “an uncanny ability to predict market winners & losers along with an eye for financial trends that others seem to miss.” Yeah, this guy can predict winners, losers, and trends that other firms with millions of dollars in research…. missed. Okay. I what you to see that putting your money with a financial professional is gambling. They are taught the same thing, gather assets. I took a few minutes to see if he was a registered financial professional like I once was. Guess what? He’s not. In 2008, I made a choice show a layman how they can be in more control of their future and money, then nickel and dime them of fees the rest of their life. To your wealth, freedom & options! Joshua Belanger P.S. If you’re interested in learning more about the Weekly Options Income Course: https://sizzle.samcart.com/products/WOTIS…
It's the internet of money... It's tough to understand how it works at first. But... so is how the FED keeps creating helicopter money. The future is here, and it will be a dancers dream come true the day they don't have to lug a hefty bag full of singles to the bank teller. Only 8 years old… Bitcoin has become a game changer for finance. You probably remember hearing how Bitcoin traded up over 1000 and then collapsed two years ago. Since then, more volume (adoption) has stabilized Bitcoin prices. The CME Group just launched a pair of indexes designed to track the cryptocurrency's price. It's the starting foundation for a derivatives market, which means the chance to start trading options on Bitcoin is very near. Today is a big deal… Because we announce that, OptionSIZZLE will start accepting Bitcoin. I'm very excited to finally share that with you and also keep learning about it. I've already seen a lot of fiction around Bitcoin similar to trading options. Can I ask you... What do you know about Bitcoin? (good or bad) Do you have any Bitcoin? Do you think it makes sense to learn more about Bitcoin? To your wealth, freedom & options! Joshua Belanger…
It's not savvy approach... ... If you ask a professional. They'll laugh at you and mumble, amateur. Success in the financial markets doesn't work any different than everyday life. We're trading something due to supply and demand every day. Let's travel back to 1983. If you invested $100 into the S&P 500 ahead of one of the largest bull markets in our history. That $100 would be worth around $3,300 today. You went against common wisdom and blew your money with buying Star War Action Figures. Each one cost around $3, so that would give you about 33 action figures. Well... those Star Wars action figures trade anywhere from $1,000, up to $12,000 for rare ones. It paid to challenge conventional wisdom. In part 2, I will share the #1 mistake collectible and stock owners make. It's something I discuss it detail in "Fearless Investing With Options." Learning how to trade isn't about options... ... Or about money. It becomes life changing. You'll become fearless because you'll start to approach life, business, and relationships differently. To your wealth, freedom and options! Joshua Belanger…
In 2008, I went down the rabbit hole. I thought I could make money in any market. A naive and unrealistic perception. I was starting to manage client accounts while working on a trading desk. And then, I was fired! It was time to go full time on my own. I tried to be superman, but realized it was only a custom. I lost money! I panicked! I became desperate. I needed a quick fix, and that's how it started. It's like a baseball hitter who's struggling mid-season who tries to change their mechanics. I didn't stick with what I knew and allowed things play out. I invested a lot of time and money chasing returns following other people's proprietary systems that used indicators, candlesticks, charts, fundamentals or when Jupiter crossed the 3rd Solstice. Maybe they do work, just never for me. I guess I'm average, but over the years I've mastered an approach that has consistency worked, and the numbers don't lie. If you're like me and haven't been able to find success with going down those other roads, you're in the right spot. http://www.OptionSIZZLE.com/courses To your wealth, freedom and options! Joshua Belanger…
So while I was walking back with my coffee earlier, I was listening to a podcast. The guy on the podcast was talking about the recent discoveries related to turmeric such as how it can help lower cholesterol. They continued testing and found adding a little black pepper enhanced the body's consumption of the turmeric by 1,000 times. A little fun fact of the day, but here's how it relates to investing, trading and business. For many years trading options I would let my short options expire. Selling options have a higher probability of success than buying, but I started to realize that coming into the last week gave me trouble at times seeing profitable trades turning into losers. One reason for that is because of the options gamma, which becomes more sensitive to directional moves as expiration approaches. With only having the experience, I had a hunch that managing trades earlier could be more beneficial. I wasn't sure because it flys in the face of what everyone believes in the market with, let your winners run. I didn't have the research at the time to confirm my opinion. That was until tasytrade came around and spent millions of dollars on researching this. Their research concluded that managing winners at 50% was the optimal level that enhanced returns and reduced volatility. If you want to generate better returns and reduce volatility, add the black pepper by managing profits. If learning how to trade one product and a systemized approach to producing a 6% weekly max return interests you, check out the Weekly Options Trading Income System. http://www.optionsizzle.com/courses/ To your wealth, freedom and options! Joshua Belanger…
Today was the day the iPhone 7 was unveiled to the world. I admit, I watched most of on my iPhone 6s Plus using Google's free internet at Starbucks during my mid-day break. While I walked upstairs to sit outside and drink my coffee while I streamed it, I noticed a dozen people watching the event on their devices as well. There's a lot of excitement about these events with Apple. These are binary events, and when there's uncertainty, there's opportunity. Looking at the options that expire this Friday, the market was pricing a $2.30 range with prices closing at $107.70, yesterday. Because the market knew this event was coming, the shorter dated options had more priced in risk. This is the #1 reason why so many lose money trading options. Some may buy a call because they think the iPhone 7 is going to blow everyone's mind, while others may think Apple's run is over and purchase a put. Either way, they are choosing a direction and buying option premium before this event which implied volatility is elevated. Long-term success with options isn't based on picking price direction. With stock, it's a 50/50 coin flip. With buying options the way most do, the probabilities will decrease against you. With prices closing at $107.70 in Apple last night, selling to open the 108/107 straddle, (technically a strangle because they're no half point strike options) would have brought in around $2.60 per transaction. The probabilities of this trade working were greater than picking a direction. With a standard margin account, it would have used around $2,000.00 of the buying power. After the dust was settled today, that 108/107 strangle closed at $2.10, which is a 20% ROI overnight. During the session, though, this position traded lower meaning it could be bought to close for more of profit. Tip: Because this was a strangle, this does carry more risk, and it's more advantageous to manage these types of positions at 25%. That means those who took the other side of buying options, most likely lost. Success with trading options works just like this over and over again. If you're still struggling to learn how to trade options and want to learn the right education and systems to become an independent money-making machine, then head over to our courses page and get started. http://www.OptionSIZZLE.com/Courses To your wealth, freedom and options! Joshua Belanger…
A fellow Sizzler wrote in yesterday asking, "You don't discuss a lot about investing in stocks, why?" There's a good reason why and remember, this is just my opinion. Very few probably know a high-level executive at a publicly traded company. However, let's pretend you lived next door to one. If you owned shares of the company and asked them any question related to the business that wasn't already made public, they'd tell you it's against the law. Now there are good reasons why this is, but that's the reason why firms and investors created things like P/E ratios and such to provide confidence on why a stock maybe a great buy. The truth is that no one knows because all the relevant information to run a business is unknown until everyone is told at the same time. And even then not all the details are released. There's no edge, and all you're doing is following everyone else. That is why I'm adamant about having control of risk and having an edge. People lie, but the options don't. There are times the options market doesn't get it right, but that is a less likely outcome. The way I trade options removes the fundamental and technical noise and allows me to just focuses on the probabilities. I can't say fundamental and technical analysis doesn't work. I just haven't seen it work, and my approach fits me. I approach investing into businesses the same way as I trade options. I like to invest in small private online businesses that have shown to be consistent cash-flow generators. With private companies, I can look through every detail necessary and create favorably structured deals. It provides more control and can sell them off when I make back the investment. I believe this is the perfect 1-2 combo for any portfolio that wants to creates diversification, cash flow and above-average returns. That is why I talk about other investment opportunities other than trading options. If you want to learn my approach to trading options, then check out the book I wrote called: https://sizzle.samcart.com/products/fiwo-book To your wealth, freedom and options! Joshua Belanger…
I feel like a hypocrite saying this because I loathe financial institutions, but I got back from making a deposit. The reality is that there are no other great options available. It's similar to the current U.S. Presidential Election. Good hearted people are working at these places, but the whole operation is made to nickel and dime us slowly. I'm not sure why JP Morgan would publish this, but I just read that investors have taken out nearly $106 billion out of actively managed equity funds in 2016. It's a large number, but overall it's not that much to tip the needle on money under active management. However, it could be a signal that people are starting to have the confidence to manage their money themselves. Though the money has moved into passive index funds, the message and teachings I and others provide become more important than ever. That's the first step, but money flows and it could flow back. My goal is that I don't want that money to flow back. The good that has come from the FOMC keeping interest rates so low is that it's causing people to look outside the ordinary investment vehicles to achieve returns. It has been a setup back from some, but I think an overall advancement in finance literacy with people having no choice but to take back control of their future. These money vampires won't kill themselves; they are hiding waiting for that moment of weakness. They know you will be back or will get fed up. However, you have to make that promise to you and your family and put that stake in their heart today. By making the commitment that you're in control of your investment decisions today! It's not going to be easy at first, but it's not as hard as you think because we can do it together. The first step in your journey to acquiring the knowledge to think and investment differently with using options can be found in this book: https://sizzle.samcart.com/products/fiwo-book To your wealth, freedom and options! Joshua Belanger…
When I first learned about options, I was studying to take the financial industry exam to become a financial advisor (Series 7). After I passed and scored high on the part related to options, I quickly realized I didn’t know how to trade options successfully after losing $2,000.00 on my first options trade. Despite being a licensed professional, the financial industry wasn’t interested in teaching me how to become successful trading options, only how to gather assets. After reading a lot of books related to options trading, I noticed that most provide a broad overview of how options work just like I had learned when taking my exam. They leave out the most important aspect of how options work with leaving out implied volatility, which is #1 option component that every person needs to understand if they want to be successful trading options. That is why most lose money starting out with options because they thought a book or some rehashed information on the internet was all they needed to learn. Then like what happened to me, they go out and quickly realize there’s more to this than what that book covered. I’ve found that most options trading books are outdated and will teach you how to use options to play your directional assumptions either using technical or fundamental analysis. Since the markets are random; research and real world experience has proved that long-term success isn’t from trying to pick the right direction. FIWO shows you how to generate consistent returns with putting the odds of profitability in your favor with trading options. It walks you through exact parameters to know when to use certain option strategies and provides an easy process on how to find the best trade opportunities without getting overwhelmed. If you want to remove the fear and greed and approach options trading as a numbers game, then FIWO is your starting point on how to become an options trading machine. It’s the book I wish had been available when I first started trading options over a decade ago. https://sizzle.samcart.com/products/fiwo-book To your wealth, freedom and options! Joshua Belanger…
I just got done reading the current positions that hedge fund manager Carl Icahn's filed with SEC. If you recall, he created a video a few months ago warning of a massive market crash. Well, it hasn't happened yet... He believes that the FOMC monetary policy has created a bubble with its low-interest rates. I don't disagree with him at all. Here's what has happened because of the FOMC policy. With low-interest rates, companies have been more encouraged to buy other businesses or do buybacks than they are to invest in new equipment and machinery. This phenomenon inflates earnings for the short term but is detrimental in the long term. When you make bold predictions, and they don't come true right away, you fall to the waste side regarding the media. The media only wants people who are making predictions the market is only going higher. We all know about the housing bubble and those that were taking the other side; took heat for some time. However, you only know about the ones that made huge returns, but what about the ones that were right and went bust? We have all opinions, but your prediction is no greater than Carl Icahn's. You can't go all in with things that are out of your control or even surefire outcomes because anything can happen. How Carl Icahn or Ronnie Woo Woo day trader approaches the market, is different. I can tell you that most are looking for home runs because it's not their money and time is on their side because they collect their fees. If you're like me, you want to get paid quicker and consistently. That can be done with being consistent, staying small and have a system that removes the fear and greed with making the market beat you. If you're looking for a simple weekly bread and butter approach to trading options, I created this course: https://sizzle.samcart.com/products/WOTIS Keep in mind, If you own high yield ETFs or stocks that have used a lot of the cheap leverage to do buybacks and acquisitions, there is a substantial risk of losing a big chunk or even all of your principal when credit tightens. To your wealth, freedom and options! Joshua Belanger…
That is a question we've all had, and I receive several times a week. I remember asking myself this the first time after seeing the calls I bought the day before drop to a 90% loss on my first trade. It went to become a max loss that wiped out my small $2,000.00 account at the time. Forward to today after hundreds of thousands of trades, research and experience, I can confidently provide the right answer to you. That answer is, doing nothing is better than doing something. The reason why is because options allow you to know your max loss and exceptions before entering a position, which is why it's a better investing instrument than stock. Most people think they can control their risk after opening a position. That's not true because anything can happen, such as a flash crash. Stop losses are your enemy because people don't let their position play out or understand the probability getting stopped out before hitting their ideal profit target. The only way you can control risk is before entry. All options expire, so you have an idea of what the worst case scenario will be with a loss and in what time frame. It's more important to provide the position as much duration as possible to let the odds play out. If you prepare for the worst case scenario with position sizing, you're prepared and can just focus on putting new trades and managing winners. Even if you have a max loser, the market will clear the losing trades out. Being consistent is the key to long-term success and the more variables you need to decide on, the more inconsistent you will become. That is why keeping your position size small, focus on high probability outcomes, adding as many trades as market conditions allow for your approach, use a mix of undefined and defined risk trades, managing winning trades at 50% and letting losers be losers are the key to success. It's that simple! If you're still struggling to be consistent trading options and want a simple and easy weekly approach, this course here will help you. https://sizzle.samcart.com/products/WOTIS To your wealth, freedom and options! Joshua Belanger…
A few days ago, I was watching the women's gymnastics. What they can do is incredible. Team USA dominated this event. As I was watching them, something stood out to me. I've seen it some of the other events as well. These girls practice the same routine over and over again to a point they can do it in their sleep. I saw these girls do the same routine as a group and then individually. Why is that? Well, because the routines aren't about one amazing flip or jump. It's about the whole body of work and being able to do it without any mistakes. Despite their endless practices, which helps them at the moment. There's also something that can happen during their routine. That is what they train for. Doing it perfectly is nearly impossible to accomplish, but being able to recover from a slight mistake is why they do it over and over again. That is how you need to approach investing and trading options. It's not about one trade; it's about your whole body of work. It's about having the right training to create consistency so when something does happen, that it doesn't rock you and take you out of the game. There's no new super secret strategy or approach; it's about learning one strategy at a time. If you're looking for a simple approach that takes 30 minutes a week on the SPX, you should check out this course: https://sizzle.samcart.com/products/WOTIS To your wealth, freedom and options! Joshua Belanger…
Earlier today I noticed a large option trade hit the tape in the Financial ETF (XLF). The trade was a block of 18,430 August $24 puts bought to open for 20 cents. The total volume was 24,090 contracts at that strike vs. an open interest of 6,363 contracts. Now, I don't pay too much attention to large contracts traded in ETF's because there's not much edge because ETF's are used for a lot of hedging. However, I wanted to point out a few reasons why this could at least be a short term directional trade. The XLF was down .79% compared to the SPX .29% today. A few names in that ETF were down even more like Bank of America closing down 2.50%. The XLF weekly options that expire on Friday are in backwardation. What that means is that the market is pricing in elevated short-term risk, which I'm not sure why. The current implied volatility percentile is on the low end of the range at 7%. Which means selling options here is not advantageous. That doesn't mean buying option premium is a layup either because you have to pick direction and it volatility could continue to contract. When you buy premium, you need volatility to go in your favor as well. In this scenario if prices of the XLF dropped, volatility would go increase. If you want to follow the bearish trade in the financials and also think the buyers of the puts are onto something, then you would want to consider buying a put spread. The September 9 24.5/23 put spread for a $.61 provides a 1:1 trade setup with a 30% probability of hitting the 50% profit target of 90 cents in the next 30 days. If you like following this kind of activity in the options market, but want help creating ideas, I'm going to be opening up a service called the Hot Money Options Trading Alerts. The service is going to provide ideas to trade following unusual options activity just like this delivered into your inbox. Keep an eye out for early bird offer coming in the next few days. In the mean time, you can pick up the Hot Money Options Trading Report which shows you exactly how I found that trade and others. https://secure.optionsizzle.com/hot-money-report/ Full disclosure, I already have a debit put spread in Bank of America that I put on a few weeks ago that hasn't gone in my favor. To your wealth, freedom and options! Joshua Belanger…
And is the biggest Ponzi scheme in the world. In fact, it's experiencing a $32 trillion shortfall right now. This swindle was sold to good, unsuspecting, God-fearing, salt-of- the earth, trusting Americans who thought their government was always going to take care of them. Just like most Ponzi scheme's the first in usually come out fine. However, you and I are going to get the short end of the stick. The house of cards is starting to fall and very close to crashing down. In fact, VERY soon. Some experts suggest it could be the financial KO punch that will bankrupt innocent Americans. Have you guessed it yet? Social Security. Laurence Kotlikoff, a Boston University economics professor says this: "We're not broke in 20 years to 30 years; we're broke now," Kotlikoff said. "All the bills have been kept off the books by Congress and presidential administrations for six decades." This concept needs to be taken behind the barn and shot. Retirement support you thought you had years ago is becoming to look bleaker. The time is now to learn how to start making your money work for you and keep it out of harms way. If you want to learn an easy to implement approach that can help you generate 7% - 15% return with one trade in just 30 minutes a week. You're going to want to pick up this course today: https://sizzle.samcart.com/products/WOTIS To your wealth, freedom and options! Joshua Belanger…
Slumps suck! That's how things are for me right now. There's just not much opportunity with how I approach trading options right now. And the few opportunities that have popped up haven't worked in my favor. The financial markets are a great equalizer. Just like in sports, players go on streaks. However, at the end of the season, their averages normalize because they end up going through slumps as well during a season. No one can have a consistent hot hand in the financial markets. It's about being consistent which means doing the same thing even when things aren't working for you in the short-term. While looking for opportunities today, I saw this interesting fact today. According to The Wall Street Journal, the S&P 500's price-to-earnings (P/E) ratio is now over 25. That means investors are willing to pay $25 for every $1 in current earnings today. That's 56% higher than the historical average P/E of 16. The S&P 500 has only had a higher P/E ratio two other times in history… Can you guess when that was? 2000 and 2007. No one knows when this turns, but it will. If I had profits from long underlyings, I would be closing them down right now. What I am doing is building a core position with shorting the S&P 500 and selling puts against it. Once volatility does come back into the market, I will be looking at trading options on the SPX. If you believe the market is ready for a meltdown and want to start learning how to use options to survive and thrive, I have a very simple approach that will help you. I changed the name from SPX Method to Weekly Options Trading Income System I haven't made it available for sale for over a year, but I've had several requests to make it accessible again so here you go. https://sizzle.samcart.com/products/WOTIS To your wealth, freedom and options! Joshua Belanger…
Earlier today, I stumbled upon an article titled, "Stocks Your Parents Should Have Bought the Year You Were Born". Now, this article was for the baby boomers, because I wasn't born yet. One example they provided is if my grandparents had bought $1,000 worth of stock in General Electric in 1943 and held it to now, it would be worth $197k + dividends. However, $1,000 in the 1940's isn't the same buying power today. A $1,000 investment back then would be $16,894.64 in 2016 due to an annual inflation of around 4%. My great grandma, June wasn't an investor, she was a hoarder. While cleaning her house after she passed, we found a small amount of money hidden in odd spots. In one place, we found $10,000 stashed in a pocket of an old sweater, which was buried under years of other clothes that she accumulated. She would rather stash her money even though it depreciated and also risk losing it all in a house fire. That is how most approach investing. They stash it away or give it to someone else to deal with it. Baby boomers who are trying to retire now are now seeing that was a huge mistake. They lost money and are behind because inflation. Having that much money to invest into one stock was very unlikely during the war. If you did, it's very tough to hold onto the stock that long. You don't have control of the company, board or direction. You're just along for the ride. There have been many companies that have come and gone during that span as well. You can't bank on picking the right stock and holding onto it as a reliable investment approach. The world has changed and to succeed we need to change the way we think and invest. The days of just working hard until you retire and then you would have a pension, savings and the government don't work anymore. There isn't income or job security anymore in this globalized world. That is why I share different ways of doing things with different opportunities. That is why I encourage you to learn about the different solutions out there; that are non-traditional because we don't live in that type of world anymore. While things have changed, there are ways to pivot and take advantage of these changes. We have to take charge of our future now and take the bull by its horns. When a door shuts, a window opens. There're some exceptional business and investment opportunities that still allow you to create a better life. One of those opportunities I've benefited from and stand by involves Amazon. It allows you to have more upside return without the stock market risk and more control. It's simple to implement and get started because I lay everything step-by-step for you. If you're ready to expand your thinking and open minded to different opportunities to create more freedom and options for yourself. I invite you to join me for this free presentation where I will share everything in more detail about this opportunity. http://www.OptionSIZZLe.com/plr To your wealth, freedom and options! Joshua Belanger…
Many experts thought Japan would curb their monetary stimulus program, but they decided early this morning to approve $130 billion fiscal. All this helicopter money should concern you because I'm very concerned. With markets just right off all-time highs and with every extended bull run in the books, buying anything in the market right now I believe is too risky. Many are not comfortable with shorting as I am or are seeking other types of investment opportunities. That's why I've been talking about how to create a passive income stream from Amazon lately. Remember the financial crisis? What company thrived during that time? Amazon did because people still need their toilet paper, TVs, etc. Right now, you can get in on the ground floor by partnering with Amazon with selling private labelled physical products; which is paying out HUGE DIVIDENDS for those getting involved. It's just like buying a stock, buy low and sell higher. When partnering with Amazon, they take care of the inventory, advertising, customers, shopping cart and shipping. You just collect the paychecks. I believe if you desire real freedom from money, the quickest and easiest way to get there is to have several different income streams. I wouldn't be sharing this with you if I didn't have experience or skin in the game. I got involved with Amazon three years ago that generated passive income, and I just sold my the asset to another investor in June. Now that I retired, I want to show you exactly how I did it. If you asked me what I thought the best opportunity right now that could outperform the market with only $10,000? I would tell you about this Amazon opportunity. If you're under $25,000, you're at a disadvantage because of the pattern day trader rule. The system is one of the easiest methods I've seen to do that because all the guess work and major roadblocks are eliminated. It's changing many lives of people who struggled and failed at trading, real estate or tried other types of businesses. If you're interested in learning how to overcome your biggest roadblock to creating wealth, become your own boss and create a stream of passive income; I have a free training that can solve that for you. Register your spot here: http://www.OptionSIZZLE.com/plr To your wealth, freedom and options! Joshua Belanger…
If I told you that I generated a 1200% ROI, you'd be skeptical... And you should, I would be as well. For some, though, it makes their buttholes pucker up. However, It's unlikely you will achieve those same results if you invest into the same opportunity I did. Because you're right, I'm not you. You could do worse or even better, but even doing worse isn't too bad. I was lucky, who knows. However, I can talk the talk because I've walked the walk. That's important to you, right? We are all different. I hate posting numbers publicly because it doesn't matter. You can't spend my money nor can I spend yours. I'm happy if you do better than me, that's my goal. It's not a who's d*ck is the bigger contest. There's always going to be someone better than us or further down the road. We can't control that, but we can control our journey and enjoy it. Stay in your lane and focus on what we can do with our resources. Once you let your ego get too large, that is when you lose discipline. You got keep moving and taking advantage of opportunities when they do come. If you're interested in hearing about this 1200% return with creating a passive income stream by leveraging Amazon and not owning any shares, trading an option or buying any of its corporate debt. Then you're going to want to register a spot for this free training session, which will show you exactly how I did that. Sign up here: http://www.OptionSIZZLE.com/PLR To your wealth, freedom and options! Joshua Belanger…
This might be a shocker, but they don't rely solely on the stock market. They usually have a stake in other businesses, real estate, etc. Having a skill set or business outside of trading that can help generate income is a must in my view. Having a valuable skill set or something creating side income will take a tremendous amount of pressure off you when you're going through that learning curve of trading options. Not only that, but it brings balance into your life. I know for me, it helps with getting in the right mind frame when I'm a position goes against me. I approach trading options as a business with the goal of making money. However, every day isn't going to be profitable. Sometimes, markets will be slow; sometimes you'll experience drawdowns. You will lose and be humbled. That's life! I believe one of the best ways to stay consistent in the markets is to eliminate the fear of having to make money consistently from the markets to put food the table. You want to avoid being at the mercy of the financial markets. As Warren Buffet has says, "Mr. Market Is A 'Drunken Psycho'." Being able to generate other streams of income will help you in so many aspects of your life as well as your trading. You will be more disciplined and not stressed when things don't go your way. There are ways many can do this. One way is real estate. For instance, you can buy a family duplex or a home in a college town and collect the rent checks. That is what my friend Kirk over at OptionAlpha and his wife do. However, you need a lot of capital tied up to do that. One thing I love about the financial markets is that I'm in control with everything at a click of a button. I have zero experience in real estate. I rent because I have no interest in real estate, I just see it too much of a hassle. I invest into other things such as digital properties. I think that is the new real estate. In fact, I know fund managers who diversify outside the market with investing into digital properties which provide passive income. That is kind or how I stumbled into this opportunity. You may not believe it, but with few thousand, you can conservatively start a stream of passive income and generate a better return than anything in the market with little risk. It involves a company who's stock is up a mind-boggling 20,000% since going public on May 15, 1997. That means for every $5,000 invested it would total into nearly $1 million today. While that sounds great, there's no way you would have held this stock for two decades. There's too much risk doing that. However, people are able to take that same $5,000 investment today and possibly create a 100% return in just one year. The company is Amazon, and all you have to do is partner with them, which means you don't have to own it's shares to profit from it tremendous upside growth. This is an alternative opportunity outside trading options, but if you like opportunities to make money, then I created a piece of free training that I teach you exactly about this opportunity, how I took a $1,000 investment that returned $12,427.24 that same year and how you can get started today. I share my results and how I can help you achieve them so you can create an alternative stream of income right away. This is a long presentation so make sure you're ready with a pen and paper because there will be solid, step-by-step content delivered that you can start using right away. Register your spot here: http://www.OptionSIZZLE.com/plr To your wealth, freedom and options! Joshua Belanger…
We have been told to follow the trend, right? That's all you need to do to be successful in the market. Trends provide valuable input in other parts of life, but not so much when it comes to the financial markets because they are random and efficient. There are many stable companies you can invest in like Microsoft, but the street only loves companies with hockey stick type of growth such as Amazon. However, does it make sense to buy stock of Amazon here right off its highs? I wouldn't, but that's what makes a market. You could if you wanted to, but what if you could profit from Amazon's incredible growth trend without the risk of owning shares? And still, generate higher returns without the market risk? Amazon has opened a door what that allowed people all over the world to become the "new money" millionaires online. We are talking about people with zero previous experience, beat up by the market or just looking for alternative ways to generate passive income. In fact, some individuals are making passive income streams upwards to $100k per month! It's the early stages of this opportunity and why so many can create success right off the bat. The process is simple, but unlike most who want to try to learn themselves; there's a certain proven (and simple) method that can fast-track your success. OptionSIZZLE is about teaching you how to create wealth, freedom and options for yourself. Trading options are one way, but one thing I learned managing money for affluent clients is that you need to diversify your income streams. I understood it during the 2008 financial crises seeing large daily swings in my account. That is why I want to share my real world experience on how I was able to profit from this Amazon opportunity and how it can help you achieve more freedom and happiness with more money. I created a piece of training that I teach you exactly what this opportunity is and how to get started today. I share my results and how I can help you achieve them so you can create an alternative stream of income right away. This is a long presentation so make sure you're ready with a pen and paper because there will be solid, step-by-step content delivered that you can start using right away. Register your spot here: http://www.OptionSIZZLE.com/plr To your wealth, freedom and options! Joshua Belanger…
Just curious… Do you often talk to yourself? I ask because I'm always talking to myself. They say smart people do talk to themselves more often, but who knows because there's no one to verify it. (Queue the pun music) Today, I found myself doing a tribal chant around my Macbook saying "don't be a dick for a tick". Might be a little odd if you haven't heard of the saying before, but it's an old floor trader saying. It's a reminder that you could be too greedy or stubborn. A tick is a minimum price quote up or down for a futures contract. For instance, The E-mini S&P 500 tick size is .25, or $12.50 per tick. There are four ticks per 1 point move. So if you're one tick away from your exit area, and the market hasn't filled you yet, and you've been at that level for a while, maybe you should come to where the market is it. Here's why I was reminding myself that today. I was reviewing positions I had in the Silver ETF (SLV), which was a short strangle that I entered 18 days ago. The position came in nicely last week but didn't hit the standard profit target I have for each trade. I believe it was a few pennies away from closing out. In the morning I noticed it was 1 penny from filling where my GTC order has been at since entry. When I noticed that it didn't fill yet during the afternoon, that is when I reminded myself "Josh, don't be a dick for a tick". I cancelled the GTC order and moved it up 1 penny, and about a minute later the order was filled. While it didn't hit my exact 50% target, I have for each trade, which I teach in Fearless Investing With Options book it did generate 49% in 18 days. When you have profits that quickly and don't manage it, that is when you start to have a diminishing return on risk and start to risk more than it's worth. This is also where many could see a winning trades turn into a losing one. It's better to take off the risk and then deploy the capital into a new position instead of trying to squeeze every last penny. That is what most investors and traders try to do and why they lose money. If you want to learn the ways on how to be a successful with trading options to avoid most common mistakes most make that causes them to go down in flames, then you're going to want to purchase and read this book today: http://www.FearlessInvestingWithOptions.com To your wealth, freedom and options! Joshua Belanger…
Nicole and I were watching the news last night. They reported that a 74-year-old doctor died after he was hit by an SUV while out for his morning jog. The driver supposedly lost control of the SUV, rolled over and landed on its roof instantly killing him. What happened to this individual is very sad and unfortunate news. However, are you going to avoid jogging now? Likely not! While you know that being struck by a vehicle could happen; you also know that this isn't an ordinary event. I did a quick search on what the odds are dying from running or jogging are. 1 in 1 million. We take risks all day and every day. Most of the daily risks are not thought about because you've done it so often. Before the doctor went on for his daily morning jog, I don't believe he asked himself, is today the day? That is known as an outlier event. Just like in the market, there are tail risks in everyday life. However, we don't lock ourselves inside and refuse to live because of the possibility of one of these outlier events occurring. What we do is continue with our lives, but we try to be smart, aware of our surroundings and avoid putting ourselves in harm's way. When it comes to finance and investing; most avoid it because they are not able to define their risk and understand the odds. Just like in life, there isn't a guarantee because of those unknown tail risk. Life doesn't work that way, and neither does investing, but you can approach investing the same way you live your day to day life by understanding the odds and eliminating your opinions. Risks are all around you; it's about being smart, strategic, aware and avoid putting yourself in harm's way. You can manage your money the same way as you manage your life. If you can do that consistently with your money and in the financial market, the odds are in your favor. This book here will be your starting point on how to accomplish that. http://www.FearlessInvestingWithOptions.com To your wealth, freedom and options! Joshua Belanger…
This past Friday, Nicole and I were at a friends surprise birthday party. While at the party, I got to talking to a couple who are about to married in a few months. They are about the same age as Nicole and I and live in the building next to us. Later in the evening and a few wines later the wife to be asked me what I do for a living. I told her I inspire and teach people investing skills and knowledge that will help them take advantage of the right opportunities and feel like they are in control of their financial destiny to create more wealth, freedom and options. Intrigued, she asked if I were a financial advisor or knew a good one. I smiled and told her I used to be a financial professional and left the industry in 2008 to start my own thing (OptionSIZZLE) to help people like her take back control of their money and fire their financial advisor. I explained that I was sick of watching investors make mistakes, bleed and lose money while professionals circle investors like vultures only focused on collecting their fees and leaving clients worse than when they found them down the road. A little taken back, I explained a simple way that they could manage their money with a low fee market index fund or ETF, which would save them many of thousands of dollars over the years and would have more control of their money. She said that sounds great, but she's not confident that they could do it themselves or that her fiancé would be on board. It's a tough sell to convince a 30 something-year-old to take control of their money when all their life they've been told to let someone else do it. I see it similar to life. We all know down the road; we will face age, disease and death. Early in life for most of us, it's too far down the road to see it until one day you wake up, and it's actually in the distance. It's the same with managing your money and making your own investment decisions; most people have to go down the dark road and get mugged to create that spark in their ass to learn how to do it themselves. The financial industry doesn't make it easy by discouraging people from doing it themselves and reiterating outdated financial information and approaches that force investors into their web. However, the system is starting to force people to think outside the box to seek returns because risk-free rates are at zero. If you're sick of making mistakes, bleeding, losing money and being ripped off by financial professionals, then I can teach you how to stop it and overcome the two biggest hurdles that cause most to lose money. Your first step in the process is reading this book here: http://www.FearlessInvestingWithOptions.com To your wealth, freedom and options! Joshua Belanger…
That was a question I received from a media outlet today for a piece they were writing. The writer asked if I had any recommendation on Nintendo, Google, Apple or the video game ETF, GAMR? In the old days, I would have likely pimped myself and forced a recommendation so I could be quoted because that's what they are looking for. What I wrote to them is very unlikely to be published because it's not sexy enough to publish. However, I'm going to share it with you so you can learn. Just because there is buzz right now, doesn't mean there's any opportunity. You're saying invest, which is a long-term approach. Pokemon Go is likely a short-term spike. The ETF (GAMR) is a terrible idea because it barely trades. It traded only 4950 shares today! That means liquidity is poor and because of that, there're no options listed for it. Americans can't buy Nintendo stock because it doesn't trade here in the states. If I could, I would be in the position to place a short-term bet against shares after soaring over 60% in 5 days, which is $9 billion in market value added. Yeah, there was was an opportunity for short-term traders who all jumped in following each other pushing prices higher. However, I don't know how you can view this as an opportunity for a long-term play. There might be interest in apparel and the app, but nothing meaningful to a bottom line of a major company like Google, Apple or Nintendo. Creating success in the financial markets is not about chasing the craze. People will write engaging articles, but that doesn't mean you throw money at it. It's about staying disciplined and knowing your edge and how to find opportunities. If you want to learn how to block out the noise and learn the discipline needed to maintain your edge and find the right opportunities for success trading options, then you're going to love what you read in the book: http://www.FearlessInvestingWithOptions.com To your wealth, freedom and options! Joshua Belanger…
Earnings season is upon us, and usually, I receive several questions asking the best approach to using options to trade underlyings. Is it better to buy or to sell options? My answer is neither. There's no edge with trading earnings. It's taken a lot of experience and research for me to learn that. 75% of the time, the market usually priced the underlying move perfectly within the expected move. However, there's the 25% chance it doesn't. When it moves outside the expected priced range, that's when things get ugly. To name a few that have down that in the past are companies like Amazon, Netflix and Google. When prices move outside the expected range, they usually move about 2-3x the expected move. Those moves cause massive drawdowns to option sellers and wipe out all the other winners. Or gains for option buyers who may have been long options, which only gets them back to break-even for all the other losses they had. So what that means is that no matter if you're a buyer or seller of options, it's a zero-sum game in regards to trading earnings. Since there's no edge with trading earnings, I think they should be avoided. Success in the market is not about being more right; it's about avoiding costly mistakes. Some people trade earnings only to stay engaged; that's it. I will from time to time, but it's very rare at this point. If you're inclined to trade earnings to stay engaged and understand there's no edge, then look for trades with a 1:1 risk/reward such as debit spreads. Stay consistent with the amount of risk per trade. However, If you want to learn how to have an edge trading options so you can avoid losing money during earnings season then what you learn in this book will teach you exactly how to do that. http://www.FearlessInvestingWithOptions.com To your wealth, freedom and options! Joshua Belanger…
Yesterday, right after the market closed. I headed over to a JP Morgan bank branch near my home to speak with one of the private client reps named Jackie. I was looking at opening a new business credit card to diversify the lines of credit we currently have. She asked how they could earn more of my business with moving our main account to them. If I didn't loathe all big banks, it would be pretty easy for them to win me over because I'm fed up with BofA and not wanting them to make a dime of my deposits or fees. However, it's which terrible firm will not rip you off the most, which you don't know until you move everything over. She told me about how good their mobile banking and other features that don't mean too much. However, as I started to ask a few questions about money sweeps and deposits, she answered with, "we are not supposed to talk about that." She provided options like putting the money into a CD. Ahh… Products that tie up your money that provide zero return. And when you ask the tougher questions, they provide no transparency. Of course, she suggested I open up a savings account. The whole point me sharing this story with you is that they never offered me any solution that would allow me better access to manage my money myself. They wanted to take it off my hands all for a "modest fee". As you might have learned, I want all control of my money. That is why I think people should have a brokerage account before savings. Firms like TD Ameritrade allow you to manage your cash right from your brokerage account. The great thing I love is that the brokerage account works similar to banking or savings account with having an ATM card, free bill pay, etc. I remember as a kid putting money into a savings account and then seeing it barely grow. What did that teach me? Yes, we need to put our money somewhere. Which is why I believe I would have learned so much more about money, investing and risk as a kid if I had a brokerage account than a savings account. The other advantage I wish I had was a book that could teach me how to be strategic and successful trading options, which is what I teach you in: http://www.FearlessInvestingWithOptions.com Disclosure: I'm not affiliated with TD Ameritrade and only a client To your wealth, freedom and options! Joshua Belanger…
I was watching an episode two nights ago talking about if Great White sharks are trying to hunt dolphins. If you're not sure why it's Shark Week on the Discovery Channel this week. :) Researchers wanted to understand how; since dolphins are faster than most sharks except for the Mako, who can swim upwards to 40 mph. They were talking about the differences with Great Whites and dolphins. Metaphorically speaking, the financial markets are like an ocean, and you need to understand how YOU can survive. Great White Sharks are loners, and they can survive by themselves because of their size and strength. Dolphins survive with using their smarts, quickness and swim in numbers because there's safety in numbers. Large hedge funds of mutual funds can try to be the Great White Sharks of the financial markets with having large positions; that's fine because that's how they have to work. However, investors like you and I have to be like dolphins and use our smarts, quickness and find safety with playing the numbers game and keeping our trade size small. You ego wants to be top dog, but at the end of the day, it's about understanding your strengths and understanding how to survive today to be able to see tomorrow. That's the reason why so many aren't able to, but you can turn that around and become smarter, quicker and protect yourself with playing the numbers game right now. http://www.FearlessInvestingWithOptions.com To your wealth, freedom and options! Joshua Belanger…
This morning I was looking over positions after this recent market move. Nobody would have predicted this, and if they did, it was a lucky guess. That's how the markets work; they are random. However, I was glad that I managed the winners I had days before because they would have become losers today. I have a saying that goes like this, "When you've earned the right to take profits, you take them." It took me nearly 10 years to learn how to make investing using options a non-zero–sum game by managing winning trades. In the old reckless days, I would hope and pray they expire. Most of the times they did, but then there were times they didn't. I had winners that turned to big losers, which is frustrating going into a weekend. I started to figure out I needed to close out trades before expiration, but I didn't know exactly the optimal number until recently. You can either let the market close you out, or you can do it on your terms. I prefer to be on the offensive and do it on my terms. It's helped with: * Being more consistent * In trades for less time * Able to generate a better ROI on overall capital * Creating a higher win rate The number I manage all my trades is at 50% now. There have been millions of dollars spent on this research to verify that. It's helped me create more predictable returns and create consistency, and it will help you as well. If you're tired of "letting your winners run" into losers, then you're going to want to learn how to manage your winners, which I teach you in the book I wrote called: http://www.FearlessInvestingWithOptions.com To your wealth, freedom and options! Joshua Belanger…
That was a question Ronnie wrote me over the weekend. He thinks that Gold ETF (GLD) will run higher into the end of the July. That's great, but who knows. The reason why I am telling you this is so you avoid this very costly mistake most make with trading options. Not only do sell offs in the market like this give people a good old slap in the face, but it also exposes the self-proclaimed experts in the space. I saw a proclaimed trading expert with several hundred people paying for his trade ideas recommend buying calls in a stock today on Twitter. I sighed and shook my head because I know he's leading investors down the wrong path. When you buy a call, you need to be right on time, direction and also volatility. That is the trade off with using options Vs. underlying. If you want to be successful with options, you must understand volatility and how it affects options pricing. With volatility higher across the market, option premiums are more expensive. If you've read my book or past emails, you know options pricing equals implied move. Let's assume you were right on direction and gold does go higher. But if volatility goes lower the value of the option contract will decrease. It's very likely that the decrease of volatility and time decay will outpace the move if you were correct. In this situation, it's very unlikely the option contract makes money. As I mentioned, this is a common mistake most make because they don't understand how options work and how to use them correctly. Every situation is different, and there are a few things you must always look at to put on a trade with the best probability of success. If I were bullish on gold (GLD) ETF, I wouldn't buy a call or call spread. If I only had to use options, I would sell a put spread. If I had to own the stock, I would sell calls against it for a covered write. How do you manage profits or losses? You can learn that very quickly because I discuss how to do that in the book I wrote called: http://www.FearlessInvestingWithOptions.com To your wealth, freedom and options! Joshua Belanger…
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