This entry was posted on Monday, January 19th, 2009 at 11:38 pm and is filed under how to trade options, option trading strategies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
A couple of months back I made the decision to move slightly outside of my comfort zone, fulfilling a long held desire to know how to trade options. I guess the catalyst for this quantum leap was the massive economic downturn affecting all world economies. I finally resolved that I did not want to be caught up as a helpless victim in a world where essentially all control had been wrested from me. And .. so I asked myself, “What if I could find just the right business venture that will offer me reasonable certainty of great profits, irrespective of what is going on in the world economy?”
Around twelve months earlier I had started to take a look at one of the options trading programs being touted, but for an ‘every day’ guy like me it was one thing being able to meet the high cost of buying into this program, only then to find myself undercapitalised for trading purposes. As much as I wanted to learn how to trade options, I could see no immediate prospect of me doing that. And so .. it went no further.
Two of my online marketing colleagues then drew my attention to an options course with a difference being promoted by internet marketing guru, David Vallieres. David has been trading for some 20 years but it was not until about 2-3 years back that he finally stumbled on a marketing method totally unlike anything available elsewhere.
I am being taught trading as a business, rather than place ‘one off’ speculative bids which amount to little more than gambling. And .. the beauty of this is that I can profit from my business irrespective of whether the markets are moving up, down or sideways. And although the markets may change over time, the underlying principles of this method of marketing never will. They are something which I can hand down to my children and grandchildren.
The purpose of this blog is three-fold. First, to let you share the experience of trading options with an outright newbie trader, so that you can gain an insight into the basics of trading, (you will see what I’m achieving on the paper trading platform first); second .. to offer you a business that does not depend on marketing and third .. to use the blog as a focus point to channel the outcomes of my daily trading activity and reflect on what I have learned. In that way I can chart my daily progress as I master all of the fundamentals before taking a look at some of the advanced techniques shared in this exceptional video based course.
Once mastered, trading as a business need take up no more than 15 minutes of your time each day .. placing positions and making adjustments as necessary. Learning how to trade options has to be the ultimate business model. Starting with my next post you will soon see why.