Podcasts about Thinkorswim

In this episode of Learn to Swing Trade the Stock Market, we dive into a powerful yet often overlooked tool—options flow—and how you can use it to improve your swing trading strategy. Options flow helps traders track institutional money by identifying large, unusual options trades that could signal future price movements. You'll learn:✅ What options flow and why it matters for swing traders✅ How to identify key signals like unusual volume, sweeps, and deep ITM contracts✅ How to use options flow alongside technical analysis to confirm trade setups✅ Step-by-step on how to incorporate options flow into your swing trading Why This Matters: Institutions and hedge funds move markets, and their options activity can leave behind clues about where a stock might be headed next. Understanding how to read options flow allows you to gain an edge in identifying high-probability swing trade setups before the big move happens. Key Topics Covered:

In this video, we dive into the complex world of trading platforms, focusing on how to choose the best trading app for your individual needs. Whether you're a beginner or an experienced trader, this video offers a comprehensive approach to understanding the nuances of different trading apps like Schwab and Thinkorswim. We explore key factors like trading strategies, goals, and the specific needs of various trading forms such as stocks, options, or crypto. Join us as we unravel the complexities of selecting the right trading platform for you!

Episode 406: Thinkorswim Tutorial Set Up for Day Trading beginners: I walk step by step showing you how to set up Schwab Thinkorswim platform charts, indicators, premarket scanners for day trading.Link to YouTube screenshare of Schwab Thinkorswim TutorialSocial MediaConscious Trading AcademyInstagram: conscioustradingacademyLinkedin: Conscious Trading Academywww.conscioustradingacademy.com Conscious Trading Academy Transform Your Mind. Master Your Trades - Memberships & Courses now available.Friendly Bear Discord Join The Friendly Bear Discord (message a mod for trade floor channel access):SuccessTrader Mention Friendly Bear when calling up SuccessTrader directly for the best possible dealCobra Trading Click the link and get 33% off commissions for life as well as one month of free DAS Trader PlatformDilution Tracker Click the link and get 10% off of Dilution TrackerEdgeToTrade Use coupon code FRIENDLYBEAR15 for 15% off EdgeToTrade, the financial research platform for traders.TraderSync Use coupon code FRNLYBR for 15% off monthly, 55% off yearly for TraderSync trading journal software TradeIdeas Use coupon code FRIENDLYBEAR for 15% off TradeIdeas real-time data stock scannerFlashSEC Click the link and get 15% off 12 months of FlashSECTC2000 Click the link to get $25 off TC2000 servicesOrtex ORTEX brings you the most timely and accurate Short interest data available.Flash Research Use coupon code FB15 for 15% off Premium. Find your edge with the best stock analyzer. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show

Allen: Welcome passive traders to another edition of the Option Genius Podcast. Today I have a special guest with me, Mr. Carl Nord, We're going to be talking about something pretty interesting that goes back to a few episodes ago, something I talked about, which was back on episode 140 of the podcast, I introduced something called the 66 Trade challenge, which is something that people can do if they are having trouble with discipline, it's one of the ways that we talked about of how to overcome the deer in the headlights syndrome, or the not knowing what to do syndrome or just not doing what you're supposed to do while you're trading. Allen: And we've all been there. And it's a it's a mental thing. You know, I talk about it a lot that trading is 90%, mental 10% skills. Most of us know what to do, we just don't do it for whatever reason. And we all have our individual hang-ups. So Carl here, he's in a couple of our programs. He listened to that episode, he took it to heart. And he reached out and said, You know, I'm doing the challenge. And I've been following him. And he's been giving me updates all along the way. And I said, You know what, this is awesome. We need to get Carl on the show. We need him to share his expertise, his wisdom about going through the system and going through the challenge, and basically, his results. So, Carl, welcome so much. Carl: Thanks, Allen. So glad to be here with you. Allen: Yeah, it's so it's a wonderful for you to share your time and experience experience with us. I'm really happy to have you here. And it's part of what we like to have in the Option Genius community where we help each other. So appreciate that. So Carl, let's let's get started. What was it about the challenge that made you decide to do it? Carl: Well, actually, it was a combination of two of the podcasts. I listened to the 66. Great Challenge first. And then I listened to the one right before it number 139. When you have tried everything, and you're still not profitably trading that one, which is a long, long podcast, and over and over in there, you were saying, You got to have a plan, you got to follow the rules step by step and, and this other thing, and I was thinking, you know, if I'm gonna get this down, the 66 trade challenge will make me do the things you were telling that the other fellow in the podcast just previous to it, it was a combination of the two. That made me do it. But mostly it was because also, like you said, I had no discipline. I panicked all the time. Yeah. Allen: Hey, cool. So I mean, yeah, I remember. I remember that one that was 139. I think that one was like a it was like a coaching call. Basically, someone had written in and said, You know, I've been trying this for years and years, and I haven't had any success and what helped me, what am I doing wrong? And so I got on them. And I asked him, I was like, Hey, would you be willing to have it recorded and shared? And he was like, yes. So we got on the call. And yeah, it was about an hour and a half long.   Carl: He had either an English or Australian accent?    Allen: Yes, yeah. And he's actually in our, the free Facebook group that we have. He's in there. And he responded, it's been about a year I think, since that episode, or I don't know how long it's been. It's been a while. And he responded on Facebook. Just recently, I think it was last week that he's been he's made a lot of strides. He's listened to that interview several times. And it really helped him. And he's made a lot of changes, and he's doing much better. So I'm glad. I'm glad that was helpful. So basically, you said that you were having a problem with discipline. How bad was that problem?   Carl: Well, it was bad enough that I wasn't making money. You know, it just yeah, if the market went against me, I was just panicking all the time and either selling too soon, or, you know, exiting the trades too soon or too late or something, you know, just kind of got overwhelming for a little bit. And I was looking for an answer when that can't win when I listened to those two podcasts and put it together for me.   Allen: Sweet and so what were the things or some of the things that you had tried before the challenge to overcome that problem?   Carl: Well, I guess I just Well, I had taken the class so I was trying to apply what I learned there. But until I did the challenge, I couldn't get myself to stick with it the way I needed to. And even after the challenge I started with the challenge. There were some things that happen along the way for one thing I didn't want to do adjustments. And in that cost me I saw big time. The the last, next to the last trade that I did, I did an adjustment, I tried doing an adjustment on it. And after all was said and done, I came out with six bucks ahead. So you know, don't lose money. That's the big thing, don't lose money. And, and so now, I keep an eye out for for doing adjustments. But by that by the time I got done with the, towards the end of the second half the last 33 of the trades. I was starting to settle down pretty good. And profitability was going up. I was doing better in percentages and stuff like that. And on my returns and fewer, fewer losers. Certainly. No, no big big losers. Awesome.   Allen: Cool. Yeah. So that kind of leads me to my next question. So before the challenge, what were your results?    Carl: Well, my results were mixed mostly down. But I had a few winners here and there. But I wasn't, I wasn't applying all the rules. As I was just looking at a chart for a company, I'd pick something and look at the chart and see if it was starting to trend or if I thought it was going to and then I looked at looked for the look for the option. Look at the option list there and, and pick out something I wouldn't look at. You have a whole lot of particulars. And I don't know how much you want me to get into those. But I mean, it just things like dividends, I didn't worry about whether a stock had dividends or not. And that was important as far as the stability of the company. And then there's the some of the Greek stuff, the betas and that I hadn't been paying attention to that even though I know you had emphasized that. When when you were when I went through your course.   Allen: Okay, so that's really interesting. So you have you had the passive trading formula course you had all the rules, you had all the plan, you had everything. But it sounds like you kind of picked and chose what you wanted to follow in what you left alone. And what strategies were you using before and during the challenge? Like what? What was the naked puts covered calls, credit spreads?   Carl: No cover calls. I did call spreads on the call side and the foot side. Most of them were naked quotes actually. Okay. But as I went on, the spreads seemed to be working for me better. Puts on the spread side. And I did those four things naked calls.   Allen: You did naked calls?   Carl: Yeah. So Naked calls.   Allen: Okay.    Carl: Just a few. Not a lot. Actually. I think. No, yeah. Right. I there was not a lot and I only did two. I take that back there was a bunch of bunch of call spreads that I did. Okay. There was two naked calls that one was a loser one was a winner. Overall. That way was aware of the to the naked puts and then put spreads, put spreads, gave me a better percentage when not necessarily a better dollar and better percentage, which overtime would have been better, I think.    Allen: Okay, and how long were you? How have you been trading options before you took the challenge?   Carl: Ever since last October.   Allen: Okay, so what is that? Almost a year? It's coming up on a year. Yeah. Okay. And so how long when did you start the challenge?   Carl: I started the challenge it on January 25th.   Allen: Okay, so October, November, December?   Allen: So about four. So you were trading for about four months before you took the challenge. Okay, cool. All right. So now just to recap, you know, you've been trading for four months using different strategies. And you said that mostly your results before the challenge were that you were negative and you kind of didn't didn't really know what you were doing. So what were there   Carl: I still wonder that.   Allen: We all do so then What were the results? So what are your now that the challenge has been completed. And the whole point of the challenge was to have you and just a little bit of background for people who haven't heard that episode, the whole point of the challenge is to have everybody do 66 trades in a row of following the rules exactly as they're laid out. And the idea behind it is, if you do that, it should help if not trigger a habit-forming response. So we want to make following the rules a habit where it's just automatic, you don't have to think about it. And, you know, go back to psychology and whatever, they say that the average is about 66 times that you have to repeat something for it to be a habit. Now, it can vary depending on the emotional response in the whatever the person, but 66 is about, about average. So that was where we came up with it. And so if you've, the idea was if you take a trading plan, you do it 66 trades in a row with no deviation from the plan, then it will make it much easier to have that discipline as you continue. So now that the challenge is complete, Carl, what are your trading results after the challenge?   Carl: I use ThinkOrSwim. And so when I go to put on a trade, first I check the chart on a company if I've got one picked out. And I check the chart on it to see if I can spot a trend or whatever, if I want really want to do the company, then I go to the to the trade to get the option chain. And Thinkorswim has, you can lower it and it gives me the beta the dividends while volume and the trades and all that stuff, you know what's going on with it. My eyes just start, I just started the left and go across the top and okay, it's got this, it's got this has got this, okay, it's got all that now, I go down. And that takes care of the underlying, I go down to the option chain, and I started looking for the price on the individual options and making sure that the delta is within the range that I want, first of all, and then and then go to the price itself. And if I'm doing a spread, I want to get not less than 30 cents on the spread. If I do a naked put if I liked the company well enough on you know, it's 30 cent minimum to you know, just 30 cents is a base. So any if it's above that great, wonderful. So, so I do that.    Allen: Okay, so that's the process, but what are we how are we? How are your results now? Like? Because before you said you weren't winning on too many trades? How about now?   Carl: Oh, yeah, no, no, yeah, the second half of that set of trades, I had out of 33, I had maybe four losers five losers as all, which was good for me. I mean, it was much better for me, it's without a doubt. In the beginning, I got hurt in some of my average is in the dollar amounts. Because I started using five contracts for trade, paper trading. And it wasn't after about five trades in I heard you telling somebody somewhere along the line to do it like we would really be doing and I could only afford one contract on a trade.  So I reduced it. But in those five I had two losers that were really really big, dollar wise, that hurt me there. So, but all of that, as I went on, it became practice with following the rules and getting a little bit better at reading the charts. Just between the two it helped check the company once in a while to make to on the fundamentals to see if the company is standing in good with some of the analysts or in Wall Street or whatever.   Allen: Okay, but let's say guess I'm trying to in my mind, I'm trying to create like a progression, right? So before challenge, during challenge, after challenge now before challenge, he said things were not too good. You were still pretty new. And so you were having more losses than winners. During the challenge. As you said in the beginning the first 30 trades or so, you were you were paper trading while you were trading a little bit larger size, then you actually have the capital for so eventually you cut that down. But because of those two losses, you're saying that you were negative, and then for the last half of the challenge, you said you did about 33 or 35 trades or something. And there were only about four or five that you lost on. Is that right? Right. Okay. And then when did you finish the challenge? What date?   Carl: Do know? I didn't look at the data when it's finished. If I can get that for just a second.   Allen: Yeah, I mean, I'm just looking for ballpark, you know, because he started in January.   Carl: June 5th    Allen: Oh so it took about four No, about five, five months to do the whole challenge. Now, from June to now, because right now, as we're recording this, it's August. So we got June, July, August, or June, July. Really? How have you been doing these two months?   Carl: The trades that I've done have been winners, but I haven't done very many trades because of the oils. We're working with you. Okay. trading program. Yeah. Okay.   Allen: So you're doing fewer trades, but you're switching what you're doing?   Carl: Yeah, well, things kind of evolve over time, you know, as you do stuff, like, I can afford to put on one contract for the oils. But it gives me just enough to do one contract in equities if I picked a low enough value company. And for that, gotta follow the rules for that with Lauren companies, you got to you got to get it. It's hard to find a company that's really stable and can can give me what you need. But so I've been, I've just started doing that kind of evolving into that. And so far, I've got two trades of one. Yeah. And, and that, that side of it is going good for me the oils, I need to work on,   Allen: Right. I mean, anytime you're learning, it's something that's going to take some time. But it seems like the challenge the I guess, what it seems like the biggest benefit for the challenge was that it forced you to actually use the rules. And it forced you to actually dig deeper into the material and be like, Okay, I paid for this. I'm in this program. I gotta make sure that I'm actually following the book. Is that Is that safe? Yeah. Okay.   Carl: Yes. Okay. Cool. And it was what I needed. Because I, you know, like I said, at the beginning, I panicked a lot. If the market went against me, and I get out too soon or too late. Just the rules are there for a reason, they set you up so that you can get in and out at the right times. And if you're down, then, you know, how to adjust and, you know, what, what time do you want to pick to do the adjustment? And that kind of thing? It was important, you know?   Allen: Yeah, I think something you said is what you just said is like, really, really important. Because, you know, in the progression, I'm like, Okay, you went from new trader to having a little bit of experience and losing trades, and now you're winning on most of the trades. And that's great, you know, the, the, you know, you're making more money than before, it's, it's showing potential, but I think what you said is that before, you used to panic now, because you've done so many trades, and I think this one challenge also forced you to do a lot of trades, you don't panic as much and that in itself by itself, even if even if, you know we don't even look at the money or the wind Ross ratio or anything like that. But the fact that you have more confidence in the system in the trading plan, and in yourself as a trader, I think that's huge, because that will go you know, well into the future.   Allen: And I think for me, that was one of the one of the things that helped me switch in my mind from "Oh, hey, I'm a new beginner. I'm just messing around to Okay, now I actually know what I'm doing. Now. I'm confident now, if the market goes against me, I know how to bail myself out. And so that allowed me to sleep at night. Because you know, it's like oh my god i trades a triple what do I do? You know, in the beginning it's like oh my god, the trades are trouble. Oh, I hope I hope the stock goes up tomorrow. I hope the stock goes this tomorrow. I know you're praying and you're not sleeping at night, your chicken the name the overnight markets. But once you have that confidence that hey, you know what, even if it goes against me tomorrow, I know what I'm doing. And I know how to get out of it. I know how to if I have to take a loss I know I can take a loss or if I know if I want to adjust I know what to do and how to do it. That gives you a peace of mind. That is kind of like what puts you in the zone. You know I don't know if you play sports but you know for for basketball players or for foootball players, they just get into this mental state where they see everything, they can do everything and they don't mess up. And that's where the the greats really have a lot of that, you know. So I think what you just mentioned, is because of the because of the challenge, and because of you just doing it over and over and over again. I think that's a huge benefit that's going to carry and help you for the next, you know, years and years of your trading.   Carl: Yeah, yeah, it trained my eyes to when I bring up the screen. It's just automatic. No, clicking across the different things, this fits this fits. Nope, that doesn't. Let's go on. Another thing that that it's done is where before I did the challenge, I was watching the watching the numbers all day long. Click-Click-Click. Now. Now, I know that if it doesn't make this percentage, or, you know, whatever, to get in or out where that gets triggered, there's no point in even looking at the computer. So now I'm stuck wondering what I'm going to do with the rest of my day. It's been, it's been good, because I know I don't have to worry about it anymore. It just, I just follow the rules. So two or three times a day I check where where I'm at. And that's it. Yeah.   Allen: Yeah, we call it passive trading for a reason. So what I'm hearing is that I think, and this was a side benefit, like, I don't even think about this, but it seems like because of the challenge, you put on a lot more trades than you would have normally.   Carl: Well, yeah, when I was paper trading, I could, you know, I had a limit thought I had. I mean, I knew, even if I had the money, I probably wouldn't do more than six trades. And if I had the money, I wouldn't learn I would limit myself to probably 10 contracts. Or if I had the money, and that was going to be my overall limit someday down the road. I did do the six trades. I did do that with the paper trading. And in order to speed up the process, I didn't want to do one at a time only all the time. And, and so I just kind of went through that. But..   Allen: Yeah, so. So it seems like you by doing the challenge and doing the trades and wanting to get through the challenge, you actually sped up your your learning process. Because it's because I mean, you've been trading for less than a year and you're talking in a way that I don't hear a lot of beginners talk, you know, you're you're speaking like a option traders that's been doing it for like several years now. So I think this was like one side benefit that I didn't even think about that we wouldn't be when we have somebody new to options would be like, okay, you know, here, here's the basics is what you got to do. And then do you got to do the challenge. You just have to do the trades. This is how many trades we want you to do over and over and over again. So that you put in the reps you put in the time you put in the you get that experience and you build it up as quick as possible. So that you go from "Hey, I don't know anything. I'm not disciplined. I'm not experienced. I'm scared" to "Okay. I've been through the war. I've been through the battles. I know exactly what to do, when to pull the trigger when not to and you come out the other side and you're like, okay, hey, I got this. So yeah, this is this is awesome. Cool. So what did you learn about yourself when doing this?   Carl: Well, I learned that I needed help. that I that I shouldn't just try to figure it out to do it by myself. I learned that I had to put in a little bit of time and work on it more than a little and I learned Yeah, I learned to focus on the right things and then not get get so worried about where the other money was going up or down and stuff and the trainers sticking with watching percentages and watch how it's rising and falling to the rules. So before it was grad I can't stand to lose as much money I'm out and then I get out and the next day it is right be right back up again. And I'd have lost all that money.   Allen: Yeah, yep. Yeah, that's a big one. That's a big one that a lot of people never overcome. And that's something that I'm actually learning myself again, right now, because as we're trading for the fund, you know, the fund is much larger than I've had in any one account. You know, I mean, I have multiple accounts, overall, the, the size is big, but now that I have that whole big, big pie in the fund, we look at it and if a trade is going bad, or not going bad, but the trade is just not going the right way, the number, the last number is really, really big. Oh, my God, you know, we're losing a lot of money. But when you when you ignore that part of it, and you just look at, okay, when is I'm getting out, or when am I having to adjust, I would realize that, Oh, hey, this trade is not even in trouble. It's not even anywhere close to being adjusted or getting out. It's just that because the trade is so large, that the numbers are really big. And so when the trade goes, well, then the numbers get really big on the good side. So I'm learning this whole process again, myself about, hey, don't worry about the numbers, you know, don't worry about the amount the dollar amounts will focus on the trade, the debit, the debit, the delta, and all that other stuff. So yeah, it's something that we keep learning over and over again. So that's cool. Now, when it comes to the challenge, what was the hardest thing for you to do?   Carl: Well, the hardest thing was to I got 28 trades in and blow it, you had to restart.   Allen: So okay, so 28 trades in and then you know.   Carl: You know, all of it Allen has been trying to pick is is trying to find is trying to be right in the chart that I look at and use and and the assumptions I make about whether it's trending up or trending down or whatever like that, that is always the hardest. I mean, the rules are easy, you've made them simple. It has got to do them. But but you know, there's just no accounting for the market. Yeah, that's the part that started is true.   Allen: Right. So I mean, you know, depending on the strategy, of course, it varies. I know for the spreads themselves, we do cover that in the program, I can go through that with you, if you need to. But it's, it's really, you know, basically, the idea is very simple. It's okay, if I'm trading a credit spread, I don't want to be guessing on what the market or the stock is doing. And I don't want to be trading something that I don't It's not talking to me, pretty much. I mean, it's a weird way to say it, but like, I want to look for a stock that's trending, you know, it's either going up, it's going down, or it's going sideways, the sideways once I don't even mess with you know, if it's going up or going down. Those are the ones I will I will trade spreads on. So I think we do cover that. And there's some things maybe I can go over with, again, to see how to make sure that it's, you know, what are we looking for, to say, hey, it's trending. But in in that sense? There, it's still trading, right? And so we can we can line it up and do it and have the perfect setup. But then the thing just stops and turns around it goes the opposite way. Or like what have it.   Allen: And that's why we need to be able to follow the rules. It's not just finding the perfect trade, it's also managing the trade. And when do we get out? When do we pull the plug? When do we adjust it? Or how do we know if we should adjust or get out? So there's, there's all that stuff. And I'm really glad that you actually went through this, because the only way to know is to be in that situation over and over and over again. So kudos to you for that. Now, now that the challenge is over, and you said that I want to go back to this, you said that you did I think what was it? 28 trades. And then you had to start over again. So why did you start over?   Carl: Because I took on a trade without checking one of the one of the rules is to have a dividend. What I don't know if it's your rule, but it was one of my rules that fit your, your structure there. My I had to have a dividend or a yield over 1%. And, and I didn't look at that. And it was zero. And I had already put the trade on. And then I was going back to do the paper do to fill in my paperwork. And I saw that not Doggone it. No, no dividends. So that company was off my list. But I done it. So I had to start over again.   Allen: Yeah, because that's one of the rules of the challenge that you have to follow the rules on every trade. And if you mess up or if you don't follow the rules and you gotta go back to the beginning and start over again. And that's that's kind of what makes the habit you know, just doing it over and over and over again. So I mean, good. Again, kudos to you like most people would have been like oh, Oh, that's not a big rule, I'm gonna just budget and keep going. But it shows that you're serious about this. And that's one of the things I want to point out to everybody that, you know, when you we see you on the call on the coaching calls, you know, you ask questions, you, you post and say, Hey, this is what I'm doing. You know, this is what this is what I have, and you want to do it, you want to learn, you're putting in the time you're putting in the effort, you know, doing a 66 trade challenge is not easy.   Allen: It's definitely most people will not do it. I would say just because, you know, like, I say that the mental aspect is 90 trading is 90%. Mental, I can say also, that 90% of option traders who are learning this stuff are not going to go through and do an entire 66 trade challenge. You know what you describe that? Oh, hey, I missed up on this one rule. I messed up and I started over again. Most people would be like, yeah, no, I'm just gonna keep going. So, you know, that shows that not only do you want to do it, but you have the willpower and the discipline. And I don't know if that came from the challenge, or it just you had a naturally but that's a challenge. Well, that's awesome. Because that's what it takes to do it. Yep. And that's what it takes, you know, that's what it takes to get good at this. And, and like, you know, from what I'm seeing, I've seen a change in you yourself. Right from from the beginning, from when you start started the program to now I've seen a change in you, your demeanor, your questions, and you've come light and day. So if there's anybody listening is like, Oh, how do I learn options? The fastest way? Well, I think it's, you know, do the challenge, get a trading plan, do the challenge. Put yourself in that position, do the reps, and you'll make light years of progress. So that's, that's really, really awesome. I think I might have already answered this one. But what has changed for you now that the challenge is complete?   Carl: Well, I'm more sure of myself with doing the trades. I mean, the the part of putting on the trade, selecting the underlying and putting on the trade and that are just, you just it's just the rules. It's it's only figuring out whether it's going to go up or down or, you know, along those lines, and that's always going to be there. But, but for me, I don't have to wonder if I'm doing the right thing with putting on the trade. Because I know now with with the trade that when I look at the Options that that I'm doing everything right? I just need them the market to go in my direction as all. And like I said, Now I only check on it two, three times a day. And it's it's it's a it's been a relief, you know, to be able to go I went fishing all day yesterday and didn't have to worry about it. I could have checked on my phone, but I didn't guide. It's just let it rip.   Allen: Yeah, I mean, some people say, Oh, this is like passive income. I'm like it is. And it is it. You know, I mean, it is income and we still have to watch it. So it's not like you're not doing anything, but it has a it has a hint of excitement. But it's not overwhelming. It's not like terror most of the time. Yeah, well, I had those episodes. So yeah, but that's that's the progression of going from like a newbie to you know, an experienced trader that's been doing this for some time that you don't be you don't have as many of those. Cool. So now the final question for you. The challenge itself, did it help you form some habits? Or no?   Carl: Oh, yeah. Like I said before, it's it's like it's automatic. My eyes just go to the things I want to check. I've got a worksheet that I made up for myself and, and then I just fill in the numbers as they go on. My but even when I'm looking now to see if it's a trade that I suspect I might want to do, my eyes are still traveling from right to left the line on Thinkorswim. They're checking off the things on the underlying that, that I know I'm going to need to have in place before I even go any further with it.   Allen: Wonderful. Wonderful. Yeah, I mean, it does, in a sense, make it more boring. The trading can get more boring when you actually know what you're doing. And you have a set plan, you know, it's like, Hey, I do this then I do this and I do this and I do this and once you have that, it's like oh man, it's not so exciting anymore. But I think that's the that's the goal. You know, I mean, if you want to excite me go buy a lottery ticket or you know go   Carl: Yeah, well, I do that to   Allen: Cool Beans. All right. So is there anything that else you would like to share with our audience? Any tidbits of advice or anything like that? Well,   Carl: I guess I guess we've covered most of everything. Whether you do the challenge or not, I would say, you know, follow the rules, right? Just, you got him, and they work so well on, you'll reduce your number of losers and increase your numbers of winners.   Allen: Yep. Yeah. I think we, I've heard it over and over and over again, it's like, just follow the rules, just follow the rules. It's like it. But that's the hard part. That's the hard part of getting getting people to do that, you know, getting them to follow the rules. And that was the whole idea behind the challenge. So I thank you again, for your for your time and for your wisdom. I'm very happy that you were able to complete this and that he got the results that you have. And I can't wait to see the future and what it what it Hell's in store for you. So thank you so much.   Carl: You're welcome.  

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Kristi Ross of tastytrade joins Nick to discuss Bootstrapping to a Billion Dollar Exit, The History of Options Trading, Competing Against Robinhood, and How to Build a Brokerage Content Machine. In this episode we cover: Bootstrapping to a Billion Chicago Trading in the 90s ThinkorSwim, TCV, and Trading to Tastytrade Robinhood's Capital Intensive Strategy  Using Media and Content to Build a Brokerage Powerhouse Missed a recent episode? Go to The Full Ratchet blog and catch up! The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area. You can follow us on LinkedIn and Twitter! Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Week2, Friday 1, Just found some cool software that ThinkorSwim offers to make my training experience easier. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/james4078/message Support this podcast: https://anchor.fm/james4078/support

For those of you with TD Ameritrade accounts, they will soon be disappearing! Charles Schwab took over TD Ameritrade and is now combining everything together. This is prompting a very critical and important question: does this mean the ThinkOrSwim (”TOS”) trading platform is disappearing also? There was some recent news released that helps to clarify this question and that I wanted to cover quickly in the video. Let's get to it!

Hey there, passive traders How you doing? I got something really, really exciting for you today, if you'd like to have really, extra money, free money without having to do anything, that's what we're all about, right? Passive income, passive trading. This is really something I just came across this, I don't understand why I didn't know about this sooner. I just can't imagine all the money that I've left on the table over the years. I mean, I knew that this was happening. And I knew this was done. I just didn't know that us, individual investors at home guys, I didn't know that we could do this. And so I had to make this deal right away. And I had to get this information out there. So you could basically turn this setting on in your account and start making money today. Okay, that's how that's how cool it is. There's nothing to buy. There's nothing to do there. I mean, basically, it's, you have stock in your account, your broker will pay you extra money for having that stock in your account. That's simply what it is. So, I mean, let me just get into it. Okay? I'm flabbergasted. I'm speechless. No, I'm not, I'm talking. So I'm not speechless. But still, I'm really like, shocked. I call it the sticky to Wall Street stock Income program, because that's what we're doing. We're sticking it to Wall Street, we're sticking into the man. Now, look, this is our works. Normally, when we buy a stock, right? It goes up, we make money, that's what we want, you buy it, and then it goes up and you sell it or, you know, your passive trading. So you don't want to sell it, you do want to get dividends from it, you still want to sell options on it, and you want to make money off of it. You don't want to sell it ever, really, because it's just it's a it's an asset, they just want to cashflow. But this is another way to do that. So you buy the stock, it goes up, you make money. But if you think the stock is gonna go down, well, obviously, you can short the stock, right? And that's what hedge fund guys do. That's what Wall Street guys do. The big banks, the institutional traders, that's what they do all the time. They are shorting stock. Well, in order to short the stock, they don't own it, you can't short something you own right, because they would lose value and you own it. So that's bad. They instead they turn around and they borrow the stock from other brokers on Wall Street. So if they want to short a stock, they got to go to a different broker and say, Hey, I need this many shares this, I need this many shares this. And in order to do so they have to pay money, they actually pay interest to the broker that they're borrowing from. Now, if you go to your I know this, this works on Thinkorswim. If you go to the main page, where you type in the symbol, and you see the all the information, it'll tell you if the stock is easy to borrow, or hard to borrow. And that's what tells you how much volume there is and how much ability the hedges have to borrow this stock. Right? If it's easy to borrow, then they can go to any borrow and they can get it and they'll pay a lower interest rate. If it's hard to borrow, they have to pay a lot higher interest rate. Okay, so that's the really cool part. Because if we have that stock, we could lend it and collect that interest. That's right. So the hedge is they have to learn, they have to pay whoever they're borrowing their stock from the payment, it depends on the stock and how much they need to stop, right. If it's hard to borrow, they're gonna pay more. But any borrowing that they do, for us is really extra money. So yes, if you have stock in your account, it's just sitting there, you turn this feature on in your account, click, or I mean, there's no application, but you fill it out, and you get approved for this, your broker will take that stock from you whenever somebody wants to borrow it, and they will pay you interest. Now, the cool part is nothing changes in your account, nothing changes, you can still sell it whenever you want, you're not locked in. If there's a dividend, that money will still be given to you. You can sell options against it. The only requirement is that you own the stock 100% no margin. So if you own the stock 100% no margin. You can do this. Okay now, against the details a little bit, but here's what it's called. If you want to research it, you want to look it up, you want to call your own broker and find out more I think you should because it's like free money right? At Interactive Brokers. It's called the stock yield Enhancement Program, stock yield enhancement program, because that's basically what it does. They're giving you more money for owning it at other brokers like AmeriTrade, Fidelity Schwab e trade, it's called the fully paid lending Income program called the fully paid lending Income program. So you can either research it online or go into your account and search it or you just call up your broker and ask him make sure you get the pros and cons haven't walked you through it. Right do your own due diligence before you do you do it. But it sounds really awesome. And I'm applying myself to get this set up today. I was planning on setting it up first making some money off of it and then being able to come back and report it. I was like No one, we're gonna wait, I just need to tell you guys right now. And because I've seen other people do it and they were boarded that it works, it's easy, it's doable. And so I'm gonna go ahead and tell you now, and then I'll go do it, and then I'll make another, you know, we'll talk about it later, and see how it does and all that stuff, basically, you get daily income, yes, they put the money in your account every day. Because let's say, let's say there's a stock and, you know, they're gonna pay you 12% a year. That's a lot, right? 12%. Now, they're probably not going to take the stock from you, borrow it for the whole year. But for whatever period of time, they'll take that 12% divided by blah, blah, blah, how many days and then you get paid that dividend or you get that dividend, but you get paid that income that yield every every day in your account, and it'll show up as an account as a payment to you. Okay? Now, again, like I said, there's no restrictions on the on the trading, you can sell it whenever you want to, you can trade options on it, if you want to, make sure your broker allows it. Every brokers are different. They all have different criteria. So make sure your broker allows it. But yes, you can trade it you there's no locking period, you can get out whenever you want. Now, you might be thinking, But wait a minute, you know, if I'm giving this stock, and I'm letting somebody borrow it, who wants to short it, that's going to make the stock go down, and I own it. So that's going to hurt me Why would I do that? Well, you would do that because they're going to short the stock anyway, whether they borrow it from you, or they borrow from somebody else, they're going to borrow it, they're still going to do it. So you might as well make money off of it. Right. And we are in it for the long term. We're not in it for like five points. We are in it for five years. So if you do your stock selection properly, you're going to want to stay in the stock. And if it if it goes down, that's great. Well buy more. That's perfect. And we're getting paid while we're waiting. And we're selling options against it while we're waiting. And we're still getting dividend payments while we're ready. So yes, it's a good idea. The yield of what they do depends on the stock. If it's harder to borrow, you get less if it's easier to borrow. No, it's harder bar you get more, it's easier to borrow you get less, it depends on the broker as well. And the broker will then determine how much of that money they give you. So yes, I know it's yours. Right, but they're doing the transaction. So they keep part of it. Now at AmeriTrade they say they keep 50% Interactive Brokers is also 50%. So they keep 50% of that interest that gets paid. All right. Now, what's the risk? Well, the risk is that this is the once you hand over the stock, it's not government protected. So basically, what happens is if you have stock at Fidelity or AmeriTrade or whatever, your broker, if your broker goes out of business, you are protected up to a certain dollar amount by the US government. So the government will go into okay broker you failed, give us all your accounts, you know, let us know how much did Joe have in his account? Oh, this much. Okay, Joe, well, here you go, Here's your money. Or here's the stock that you own. You know, if you got 100 shares, here's your 100 shares, or they'll give you the money for it. So the government protects you in a normal environment. In this situation, the government will not protect you because you're lending them away. You're giving them up temporarily. Right, so you're not holding on to them. In order to offset that. What the brokers have done is each broker has a bank. Right? So for AmeriTrade, the bank is Wells Fargo right now. So the broker or in this case, AmeriTrade takes 102% of the value of the stock that they're borrowing and they go and they put that money or those that that amount of asset into the bank at Wells Fargo. So in case AmeriTrade goes out of business, Wells Fargo will make you whole okay. So again, if let's say you had $100,000 of a stock, AmeriTrade takes it from you, you let them borrow it, you let them give it to somebody else, then they AmeriTrade will take $102,000 worth of assets T bills or something else and they'll put it into Wells Fargo just in case. If they got a business well, Fargo will give you your money back. Okay, so you are protected, but it's not government protected. That's why they call it fully paid lending that it's, you know, fully paid. What else? Okay? So dividends, dividends are different dividends are paid, but they're not paid as a dividend. So let's say you have $1,000 dividend coming up. If you have lent the stock, the broker will still pay you that $1,000 But it won't be classified as a dividend. So depending on your tax situation, you know, that might upset you a little bit. But it's still better than not getting the money, right? It's still better than not getting interest. So I don't know if that would make sense to offset it unless you know your tax bracket and talk to your accountant about it. Make sure it works and makes sense. But if you're doing this Send an IRA account, well, then there's no taxes, so you don't have to worry about it at all. That's the last thing according to AmeriTrade, now again, I, I've only contacted AmeriTrade so far, I do think that this can be done at other brokers in a regular account. But at AmeriTrade, they want you to do this in a non-margin account. So if you have a regular account that does not have margin, they will let you do it in there, or they will let you do it in a margin enable IRA. So what that means for us, as passive traders, is if you're selling options, you know, if you're selling credit spreads, iron condors or naked puts in a regular trading account, that account will not be eligible. But if you're selling those same options in an IRA account, that account is eligible. So this works for those of us who are trading or who have IRAs, and have margin enabled. So you can do that in there, because you probably have most of your stocks in there anyway, the long term holdings, so this will be another added boost to that income and that yield. So that's really cool. That's the basics of it. Okay. Again, it's either called the stock yield Enhancement Program, or it's called the fully paid lending Income program. Again, this is money that it's free to you. There's no restrictions. And I'm looking at the website right now for AmeriTrade on that page. And it's, basically it says earn extra income on stocks and ETFs, you hold in your account by lending them out for a fee, we facilitate the loans. I mean, AmeriTrade charge borrowers and share 50% of the income with you, the securities must be fully paid for not borrowed on margin. Okay, so it says here, you know, you can buy and sell your shares. As usual, you can review the loan details on your daily statements. So you'll get daily income statements, and you can opt out at any time. So you're not logged in. There's no fee for this, you're not paying anything to do this is basically something you click on your account, you make an apply application. And then if that's turned on, then there you go, we're off to the races. How much money can you make? Well, they got some hypothetical lending rates here, you can get 10.5% 5% 1% 15% on different stocks, depending again on how hard it is to borrow. I mean, that's basically all it is, right? It's pretty crazy. If you have a it's and they based it on 360 days of lending. So I guess five days the markets are closed. All right, I guess I don't know how they calculate the 360. But that's what it is they pay you for 360 days out of the year. So even on weekends, you're still getting paid interest. And that's really cool. So again, the considerations and the you know, the risks if you want to say shares, loans are not protected by the SIPC however, the shares are fully secured by collateral held at a third party custodian like explained to you well, when the bank holds the money, you do forfeit your right to participate in any corporate actions, such as proxy votes, tender offers, and voluntary actions. So there's a vote coming on or something you don't get to vote. Okay, I don't vote anyway. So for me, it doesn't really matter. Rather than dividends, you receive substitute payments in the same amount, which are taxed differently from dividends. So again, talk to your CPA about that. Typically, typically, positions must be more than $10,000 to be considered for lending. So you want to have at least $10,000 in that stock doesn't say you got to have 100 shares. So that's cool, you know, you might have less than 100 shares. But if you have $10,000, they'll still borrow it. And then securities lending may not be suitable for all investors, and is only provided to clients after a review and approval process. So yeah, that's, you know, that's them covering their own butts, They have some FAQs here, there's an application, you gotta meet some criteria, and it doesn't say that, you know, all the money or the all this, all the shares will be loaned out, but they will all be eligible. So it depends on what the market wants, right? And yes, you can buy and sell the security, as usual. If it's lent out and you sell the stock, then you just stopped getting any interest. So that's it. And that's it and you do your own research. I just want to get this out to you. This is really cool way of just being extra free money. There's nothing to buy nothing to do. If you have an account at a broker that does this. Just ask them how do you set it up? What are the pros and cons try it out. If you don't like it, stop it, you know, but this is just another way to generate some extra passive income from stocks that you already own. And I'm just happy to bring this information to you that you could do this. Go ahead go get it started today while you're doing this, you know, watch his video again if you have to get the details but yeah, it's pretty simple. Go set it up. All right. Trade with the odds in your favor guys. Wish you all the success in the world. Peace out. JOIN OUR FREE PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance  Like our show? Please leave us a review here - even one sentence helps. Thank you!

In this episode Larry and James go over our trades from last week and talk about the newest addition to our ThinkorSwim indicators and how you can use the AddOrder function on ToS to easily back test strategies. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/wstrades/message Support this podcast: https://anchor.fm/wstrades/support

Hey there, it's Allen from Option Genius and I wanted to share a thought with you that has really made a huge difference in my life. I can't take credit from this, I learned this from the guy who, well, he didn't even create it, but he's making it famous. And he wrote a book on it called the gap and the gain. So if you want to, if you want to learn more about this concept, that's the name of the book, the gap and the gaing and basically what it is, it's a simple way to change how you think about yourself, and your accomplishments and your future. And so, you know, for me, and I'm getting little personal here, I always thought growing up that I was a big deal, you know, little bit arrogant. And I always thought, hey, I'm special, I'm above average, I'm really smart, I can do things, I have huge potential, I have an amazing potential, I can be whatever I want, I can accomplish anything I want. And it was true. And I think it's true for a lot of people now, you know, I mean, especially if you have all the advantages of growing up in the West, and, you know, there's unlimited opportunity. So if you're watching this, and if you're a trader, then you know, my God, you know we don't have too many things to complain about. Right? We could, but we shouldn't be because there's people way worse than us. So anyway, the my thinking was that, you know, I made all these huge goals for myself first, it was, you know, by the time I graduate high school, I'm going to be a millionaire. That didn't happen. So then I was like, alright, well, I'm gonna graduate college, I would have been a millionaire. That didn't happen. Oh, by the time I turn 30, I would have been a millionaire - that didn't have any there. Okay, and then later on, you know, things out better and things have settled, but then I realized that, okay, you know, it's like, Man, I don't want to make these such big goals anymore. You know, because I started, I started getting beaten up a little bit, you know, it's taking so long my goals aren't, I'm not achieving my goals. And so I started lowering my expectations. And I remember one time I was in a mastermind group, and the idea was, you know, what's, what's your number? How much? How much do your net worth you want to be. And my goal was 2 million. I was like, you know, if I can have a $2 million net worth, and I know that I can easily make 10% on that every year, and I can live off $200,000. So that was it. That was my goal at the time. And then when I got there, the goal changed. And it got bigger, right? So then it was, you know, like 5 million. Then when I got there, I was like, Okay, now my net worth goal is even bigger, and even bigger, keeps growing. It's like a never ending thing where you get your goal. But then you always want more, because well, we're human. And that's normal. Right? I remember when, when I was first starting out trading, my goal was I want to have $100,000 trading account. When I got that, then it was oh, now I need a $250,000 trading account. Then it was like, oh my god, wouldn't it be awesome if I had a $500,000 trading account, and then a million dollar trading accoun? And I think it just keeps getting bigger and bigger. As soon as you hit your goal, you're now your your thinking is expanded, and you're like, oh, man, I want more, I want more. And the thing is that, that goal keeps moving. Right? That end desire, that end thing that we want, it just keeps moving, moving, moving, like kinda like the horizon, like when you're walking, you know, you see, oh, I want to go there to the horizon. But then you keep walking, walking, walking in that goal, the horizon just keeps moving further and further, it is a the more you go, the further further it goes. So you never get to the horizon. And for a lot of people, especially like me and others, it can cause a lot of disappointment, and self doubt and pain, being "Oh, man, I never get my goal", you know, and then you start comparing yourself to other people. It's like, "Oh, man, he got to the goal so much faster than me. And he's stupid. And I'm smart, and how come he got it? And I didn't?", you know, all kinds of self doubt self talk about, you know, what was wrong with me and why I can't do it and all this kind of stuff. And so, you know, I've suffered from this for a long time, cause depression cause serious doubt. And it really hurt my trading. It hurt my business, it hurt. My relationships hurt a lot of different things in life. And we don't we don't even realize how much our thoughts of ourselves are limiting us. Right? And so I read this book, and in the book he talks about, well, you know, this is very common. It's very common for people who are aggressive and highly motivated, and they want to achieve things they want to grow, they want to accomplish things, for them to make these big goals and then keep looking at themselves, comparing themselves to the end result from where they are now. Right? So if I look at myself where I'm at now, compared to where I want to be, it's like, oh, man, I'm not there yet. It's so far, man. I just got so far to go man. It's how long is it gonna take to get there? Why is it taking so long? Oh, man, I'm not smart enough. Look at that other guy. He got there so much faster. All kinds of these self doubts and criticisms creep up and you start hurting yourself. So in the book, they tell you that's very common, that's very normal. But that's not the most productive and best way to do it. So instead of comparing yourself where you are now, to where you want to be in the future, what you should do is you can definitely make goals, you should always be making goals and striving for nothing things. But that's not what you compare yourself to, what you compare yourself to, is, instead of looking forward, you turn around, and you'll look back. So you see where you were before and then you compare it to where you are now. And that shows you your real progress. If you're trying to look at how much progress you're making, you know, don't compare it to where you want to be, compare it to where you were before, and where you are now. And you look at that big, you know, over whatever the things you've overcome, and that will make a total shift in your mind. So for example, I remember in the beginning, when I first saw the ThinkOrSwim platform, you know, I mean, at that time, Thinkorswim was a separate company, and you know, they were a broker, but they came up with this really fancy platform, and it had all these bells and whistles and charts and colors and, and I was totally, totally overwhelmed. And I still remember what it felt like, you know, like, what button do I push? What screen Do I go to? And what tab another nine? What are all these different things here and bells and whistles and doodads and and it's still pretty overwhelming. And I, you know, I still don't use most of it. But I don't have to because I figured out what are the areas? What are the screens? What are the tools that I want to use in my trading, that helped me get the maximum out of that software? And so now I can think back and be like, wow, you know, I was I was so scared of this software. Like, I didn't know how I was gonna use it. And I was intimidated by it. But now I can go in there and two seconds and I know what I'm doing and I can make my trades and analyze trades and, and do my results and everything. And now other people when they see me doing it, they're like, they get our coaching programs, you know, the students are Oh, Allen, what did you do? Oh, can you do that again? And have to remember that oh, yeah, I need to slow down. And I need to do it slowly so they can follow along? Because they are at that starting point where I used to be right? And so we learned it together. But that is you know, looking at that, like, wow, you know, and before when I before I started getting trading, I was really scared. I was learning all these strategies. I didn't know much. I didn't know that much about the markets. Compared to now -- Wow. I've come a long, long way. And I feel so good about myself like man, I didn't give up. I kept trying even when it was hard. Even when there were losses. There were bad years bear markets, crazy markets, a financial crisis, you know, the worst financial thing in the history of the United States, where the whole economic system almost came crashing down. I traded my way through that. Wow and I've come a long way. You know, when you look at, like, I look at my net worth right now how much money I have right now. And it's not where I want to be. It's not at my goal. So I was like, I could be disappointed. Man, you know, I still, man, I saw this guy on TV nd he's making so much money. And he's so much worth and, you know, Bezos look at Jeff Bezos and Elon Musk. And, you know, they're worth billions, I'm never gonna be a billionaire. You know? I don't know. If that's my goal, then. That's fine as a goal. But if I keep comparing myself to where I want to be, I'm gonna feel bad. So instead, I turned around, and I looked at, like, where was I about 20 years ago? 20 years ago, you know, I'm 45. Now. So when I was 25, I was broke. More than broke. I was sleeping on the floor, an apartment with a negative $100,000 net worth, meaning I owned nothing. And I owed $100,000, on credit cards and loans and everything. So I had a negative net worth of $100,000. So compare that to where I am today - Wow, that's a huge Mungus crazy, crazy difference. Yeah, it did take 20 years. Maybe I could have done it faster. But so what I did it, that's the thing, and that makes me feel good. That makes me feel good about myself. That makes me feel good about the future gives me confidence, it gives me energy to keep moving and keep going. Because the other way, you know, if you never get your goals, you eventually you just give up, right? Like in the beginning, when I told you that I made all these big goals, I never got them. So I shrunk my goals and I shrunk what I thought I could accomplish. Now, if I had stayed at 2 million net worth, I mean, you know, Option Genius would not be here. I wouldn't be able to I wouldn't be making this video, right? But I extended my goal because I got more confidence in myself because I felt better about myself. So that's that's the message I want to impart. The book is called the gap in the game but I kind of explained basically what it is, right? Instead of comparing yourself to where you want to be in the future. Take a look at where you were in the past. And compare that to where you are now and then feel good about yourself. If you're motivated, feel happy. Look at everything you've accomplished. Pat yourself on the back and then turn around and then head into the future and accomplish everything you want. All right. Take care of trade with the odds in your favor. We'll see you next time. LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS  AND TRICKS? HERE ARE SOME NEXT STEPS... 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In this episode Larry and James talk about some historic short squeezes that have happened in the stock market. CBOE VIX Options Greeks Delta Options Trading for Beginners How to trade options GOOG AMZN TSLA DWAC Selling naked puts Puts Calls Futures trading Thinkorswim Robinhood How to trade options on Robinhood Candlestick Charts How to Read Candlestick Charts Vertical Spread Iron Condor Covered Call Swing Trading Day Trading In the money Out of the money Theta Gamma Vega Synthetic Covered Call Poor mans covered call Straddle Strangle --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/wstrades/message Support this podcast: https://anchor.fm/wstrades/support

Today I have the privilege of sharing with you, Mary Powell. The reason I'm bringing Mary on is because she's having some wonderful success in her trading, and we want to share that and she has a lot of lessons. And also she wants to share. But Mary, you might not know this, you are, you have the privilege of being the first female trader that we're interviewing on the podcast. So I haven't interviewed too many people on the podcast, most of the episodes have just been me. But we have been starting to interview, you know, people that are going through our programs and having success and different different traders, and our listeners seem to like it. So I said, Alright, let's bring some more on. But I did want to get it from a female perspective, because I do know that and studies have shown this that females are better at trading than men. Mary: There is that? And let's hope I'm not the last. Allen: No, no, you won't be. Mary: Start a new trend. Allen: Yeah. Yep. So I'm trying to line up a couple more. So hopefully, we'll have a lot more. Okay. And I am seeing that we are seeing more females in the program. So before, when we started, it was almost 100% All men, now it's become maybe 80-20. I think that with people like you coming on and sharing and saying, Hey, look, you know, women can do this as well, it's, there's nothing, there's no magic or anything to it. I think you'll be a role model for others who are trying it, but they haven't maybe stepped forward or they haven't put their hands up and said, hey, you know, I'm interested or something. So I think definitely, that will help. Because a lot of times, you know, when we're doing some type of like a case study with someone, it might be like, Oh, maybe it's a grandfather that lives or they used to work as a firefighter, you know, and he's talking about his story and this and that, then we'll notice that all of a sudden, we get a big influx of people who are grandfathers who used to be firefighters, or other firefighters. So whoever the case study is we seem to attract people like that. So I'm hoping that we can attract more women into the group. So I think that you're a trailblazer for that. So thank you Mary: Hoping for that as well. We can all support each other.  Allen: Cool. So Mary, how long have you been trading options? Mary: I have been trading options for more than 20 years, I will date myself and tell you that I did participate back in the late 90s when the option Industry Council to still a marvelous group of free education on options. But at that time, they were trying to solicit more business in the options. And they would go to various big metropolitan cities, rent hotel banquet rooms, and give two or three day training sessions for free about options. And so that's how long I've known about options. I would say I was probably a dabbler for a long time trying to master the various concepts about the Greeks and different option strategies. And my career probably took the front seat at that time, and I just didn't dedicate the time needed to really focus on it. Until probably in the last five years, many people in my family or friends have retired. And when I went to the financial planner and start working the numbers, and I didn't like those numbers. Wanna see, you got to work for 10 or 15 more years, I'm very fortunate that I do enjoy my job. But I don't want to have to have that pain over me that I'm a slave to it. So that's when I really got serious and started really honing my attention and my education efforts on options. Allen: So about five years ago, you got serious? Mary: Yeah. Allen: And I want to ask you like back in the day when you first when you when you first start, would you remember how much the commission's were back then? Mary: They were probably in the range of 14 to $16 and each, each side, so you know, $30 a round trip and that was back in the day when the naming nomenclature was alphabetical. They didn't go by month in week. They didn't even have weeklies back then. Yeah. So you had to learn all of that. Yeah, it's been fun to watch the evolution and with electronic trade.  Allen: Yeah I mean it's so so much simpler now and easier. And I remember, like, I didn't get started. I don't know. It's been a while. I think it's like maybe 15-16 coming close to 20 years for me, but when I started Thinkorswim was already there. And, you know, everybody was blown away. They're like, Oh my god. This is so amazing. So I'm like, okay, but this is cool. It's good. I mean, it's good to have these nice features and stuff, but I don't get but they're like, now you don't understand. You don't understand what we've been through. You know, to get a quote, you have to call your broker on the phone. And then he has to go look it up for you. And it takes like, 10 minutes to get a quote. Oh, wow. Okay, yeah, this is all real time. This is cool. This is better. So yeah, people starting now. I mean, the tools available education is available. It's a lot simpler than back in the day. So was it just because of the money aspect that got you involved in Options? Or was there something else? Mary: It was primarily the money aspect. And, you know, I was working a full time job, but I wanted to get into more multiple streams of income in different ways. But my job requires probably 50 plus hours a week. So that did limit me from what I can go out and get a second job. I just totally burnout so and I didn't have the time to focus to open my own business or do something like that. So what could I do that could generate cash flow that didn't require a lot of time? That's where Options fit into the scenario. Allen: Okay. And you you're working from home right now? Mary: Yes. Allen: Okay. What do you do? If you don't mind? Mary: I'm an auditor. Allen: Okay. For like, the for the IRS or something or? Mary: No, for a retail company - food retailer, I audit financial statements. Okay, like Sarbanes Oxley. Allen: So okay, so about 50 hours a week you spend on the job? How much time do you spend trading? Mary: So overall, all of my trading, I probably spend, I'll say, a half an hour a day. Allen: Okay. Mary: When I started with your group, I first started with the blank check program. So in that trading, if I'm not making a trade that day, I probably spend five minutes a check - twice a day, which more out of curiosity than necessity. I could check it once a day. If I'm making a trade, I might spend 10 to 15 minutes analyzing what I'm going to do, and then I make the trade for the month. Okay. Allen: And so what have your results been so far? Mary: So far? So I started trading live, blank check program in February of this year. And in that eight months, I've averaged 7% return per month. Mary: Very nice. And so far, I've made 16,500. I started just with the minimum amount to open an account on TD Ameritrade, 10,000. Okay, and I have added some more money, so I could expand the number of contracts I trade in. Allen: Awesome. So what's your goal? Is it to put it aside for retirement or double your income, supplement the income, so you can try early? Mary: Put it aside for retirement, and then in the hope of retiring early, in the next three to five years? Allen: So basically, you're gonna, you're gonna you're gonna leave the money in and just keep growing that account? Mary: Yes. Allen: Okay. How long do you think it'll take? Mary: So, with the blank check trading in conjunction with my equities trading, which I was just starting before getting introduced to your podcast, and we can talk about that, but I was just starting to kind of glean in on the selling puts strategy and your paths of trading - the wheel strategy, right before I started listening to your podcast. So between the two accounts, I hope to be able to retire in three to five years. Allen: That's awesome. That's awesome. So about five to seven years early. Mary: Yes. Allen: Okay. And do you have any children? Mary: No, I do not. Allen: Okay. All right.  Mary: So that makes it easier. Allen: Yeah. Yeah, definitely. You know, she, she, she enjoys learning about the trading. And I've taught her in the past, but eventually, and then she started her own business. And so she's busy with there, and then she's busy with the kids. And she's like, Yeah, I don't want to deal with the trading. You know, she's like, you're doing fine. You do it. I don't want to deal with it. But we do have somebody else on our staff. And she is, unfortunately her husband passed away. I think it's been about a year and a half or two years from cancer. And so she's raising her four boys alone. And, you know, at the company here, I make it a requirement that everybody that works here, they have to know how to trade whether they do it We're not, you know, that's up to them. But they have to know what our customers are going through. They have to know the lingo, they have to know how to articulate. And so she's been, she's been killing it since she started. She said, she's learning and she's like, Oh, my god, you know, I've been working with you for two years. Now, why didn't I do this before? So.. Mary: Oh that's excellent! Allen: Yeah, it's, it's really, it's really cool. And the fact that, you know, you mentioned it only takes a few minutes a day, you can still work, you can still handle other responsibilities. It's not that it's not that time consuming. So that's one of the things I get, we got to get the word out, you know, we got to get the word out. Mary: I know but my heart goes out when I see older, retired individuals in the workforce. And I just say to myself, I hope they're doing it for social reasons and not economic, that they made the choice that they want to be out here working, because this is that easy at that age, and I give them all the credit in the world. Allen: Yeah, I mean, you know, you go to Walmart, and they have the greeters. And you know, they're standing there, and they can't, it's tough to see, it really is. But you said that you had started trading options about five years ago? Or was that Equities and Options or? Mary: That was just the equities? Allen: How are you doing with that? Mary: Very well, very well. That account is much larger. And, again, you know, I have to employ passive trading, because I just don't have the time. But I'm averaging 6% a month on that. So just to your principles may not seem like a lot, and I'm not going to be a millionaire overnight. But the compounding principle, in action, will. Allen: Yeah, no, 6% a month is nothing to.. Mary: No yeah so I'm beating the gentlemen over at a brokerage to remain nameless that other smaller accounts I have. So I'm very happy with the return. Allen: Cool. So how do you balance? Like, how do you decide how much to have in each? Because I mean, you said you're doing better in the oil. So however you decided, which is which you want to focus more time on? Mary: That's kind of a crossroads that I'm at, at this point, because I am doing so well, that I mentioned to you, the financial advisor, when I went last month for my tax checkup said, you have stopped trading for the year, or you're going to throw yourself into the next tax bracket, you do not want that. Focus has become the task, tax aspects of it all. So again, kudos to your podcast, because you address those types of things, all the section 1256 types of trades. And so that's where I'm at right now is evaluating. Okay, do I move more of my money into the oil trading? And I just signed up for the weekly trader, which is good deal more in the index funds - yes. So that would give me a better tax advantage. Allen: Okay. All right. Yeah. I mean, you, you know, I've never I know you can buy SPY. I don't know if you can buy SPX I've never actually tried to, that'd be interesting to know, cuz I know, the SPX. You know, the SPX does give you the tax advantage, the 1256. But I've never actually tried to buy a share of that. I don't know if you can, I know, you could buy call options, or, but I don't know if that'll be interesting to know. Yeah. Mary: Check it out. It's a first world problem. And I'm kind of on the water as well as like, do I keep working? or Now I, you have given me the freedom of time choice and choice do I mean, I could make what I make at my job trading? Do I do that full time? Or do I, you know, stick with the job as I can, then knowing that I do have the freedom of choice that if it gets to be too much, or I don't want to do it anymore, and I walk away from it. Allen: So you can you do that now? Or you could have to wait another three years? Five years? Mary: I could do that now. I think I'm just sticking with it. Because of the health insurance. And those sides thing? Yeah, I could still manage the job and the trading... Allen: Right. Right. So why not? Right. And you said there's, you know, there's a social aspect. So, you know, you've known these people for so long that it's like, kinda like family now. Mary: They are. That's very true. Yes, I have a great team that I work with. Allen: Cool, cool. So how does your husband feel about you trading? Mary: He has no interest in it whatsoever. He just lets me do my thing. I mean, I'm not used to getting his money or the mortgage money. So he just saw that's her little hobby. He's retired. So he spends most of his day either on a motorcycle or a mountain bike or doing the hobbies he enjoys. So.. Allen: Wow very nice. So he's never told you to be like, Hey, can you take care of my money too? Mary: Oh, he wanted me to do that with his 401k. And like no. Not gonna enable you, I'd be happy to teach you what I do. Allen: Well that was fun. Mary: He went out and got a money manager and.. Allen: Ahh that was funny.. you guys can do it together you know, swap stories, discuss different ideas, argue about which ticker symbols to buy. Mary: Yeah, I don't think you can handle the... honestly. Allen: It's not for everybody. No. Now the funny thing is, I do remember when you first called us so you got on the phone with us to learn about the program, and to get in. I actually talked to you, which I haven't I don't really talk to most people, but I don't know what it was. I was listening to you talking and you know, with Cory, you're going back and forth. And I hopped on the call, and you're like, Yeah, I'm gonna do it, but I'm gonna think about it. And then I was like, okay, you know, and then later on, you actually came back. And you actually, you actually came back and did it. In hindsight, would you still have waited? Mary: Well, no, it was active waiting. You know, it was the trust, but verify. So what I did after that call was based on what I knew, and kind of figured you were doing with these options I pay a portrayed is for three months. And it was all positive. So I said, Okay, I'm gonna take the leap of faith and go for it. Allen: Cool, good. So that means, yeah, so you've had like, instead of just eight months, you've had like, 11 months of gains? Mary: Yeah. I mean, I think one of the things that you talked about on one of the podcasts is, you mentioned compared to individuals, one person took the program and went and did really well with it. And the other person just over analyzed and questioned and said, you know, it's too simple. This can't work again, if you had to ask me what was my biggest challenge in implementing it was just grasping the simplicity of it. I was like, Okay. And granted, I, you know, I did come in knowing the fundamentals of Options Trading, but I went through the, there's only six lessons. And so I was like, Well, I must be really tired. Maybe they're on a more on a different page or get it again, tomorrow. Nope, I came back. And I went through the six lessons again. And I went, Okay, let's do it took a deep breath and placed the trade and been good ever since. Allen: That's awesome. That's great to hear. Yeah. You know, I mean, I always tried to keep it as simple as possible. And sometimes like, as options traders, you know, if you come in learning about options, and like you said, you know, you go to the council, and they tell you, Oh, you got to know the Greeks. And you got to know the gammas and the Vegas and, and all this stuff. And people come in and they're like, what about this? What about that? And I'm like, you don't need to worry about it. It's like, Mary: There's so many strategies and strangle... there's iron condor, and people just get overwhelmed. Yo, I don't know where to start or how to do it. And when you look at your system, you're just like, Nope, just follow the straight path that I've already blazed for you. And it'll all be good. Allen: Yep. The biggest problem I have some time is like, you know, like, I knew that you had been doing it, you had been trading for a while. So in my mind, it was like, okay, you know, my hardest part with you is going to be to get you to maybe suspend disbelief a little bit, and to kind of stop doing all the stuff you're already doing. You know, and be like, this is the path just follow these steps. You don't need to do anything else. Just, you know, don't overcomplicate it, because we have people in the program in the group. They come in and they're like, Yeah, you know, you told me to do this but you I'm gonna do this double Condor butterfly thingy. And I'm like all right, let me know how it turns out. Mary: Yeah, it's like bumper bowling just head down the middle keep aiming the head bin?  Allen: Yeah, that's why sometimes.. Mary: ..you're out to do I mean, no, it has I get myself in trouble is if I go against the rules, and they a towel, and then my tracking sheet of what rule did I violate and what lessons did I learn from it? And so I only have myself to blame. It's not the program. Allen: Cool. Cool. So what was besides the simplicity, what was the hardest thing to implement? Or like this could be for your equity trading or for your options trading, to go from, you know, learning and not doing as well, to making that switch to being okay, now I'm becoming consistently profitable. What did it take to make that switch for you? Mary: I think in your mind, you're always trying to hit that home run that you talk about. But if you just get your consistency down with the base hits and small amounts, just keep compounding and keep compounding, you know, all of a sudden, you look at the balance, and you're like, wow, alright, I'm getting some traction, and I'm making progress. And I can do this, I can do this. Allen: Awesome. So what was the biggest challenge in implementing? Mary: Again, I think it's just trying to keep myself from over analyzing it all the time trying to make it more difficult than it is because it's like, well, if it's this easy, and why isn't everyone doing it? Right? So your brain is going, Well, maybe if I add this, or I start looking at this number, analyzing this graph, or this chart, I'll get the edge and it's like, no, just, you know, take a little cream off the top and minimize your stress. And, you know, keep compounding and you'll get there. Allen: So how was it? How did you overcome that in your own mind?  Mary: Just trying to be grateful and satisfied with the results that I have, and not be greedy? Yep. Yeah, keep reminding myself, it's gonna be okay. You know, no matter what happens, now, I have the knowledge and the tools to always be able to financially provide for myself. And that freedom, we can't put a price on it. And I can't thank you enough. I owe you immensely. Allen: No, you're the one that did all the work so...   Mary: But you shared it, and you don't give up on me. Yeah, I'm just a stubborn Irish girl, you let it settle. And I'll come back around. Allen: Yeah, we nobody has accused us of not sending enough emails. Mary: I love your email. Allen: Like one of my mentors years ago, when somebody that I learned from, you know, he kept drilling it into everybody's head, anybody that listened that, you know, get a good education, because that is the one thing that nobody can take away from you, you know, they can take away everything else. They could take away your status, your money or your, you know, physical belongings they can. And he was talking to people from different countries. So he's like, you know, they could expel you out of your country, and kick you out and take everything that you have, but they can never take your education, you will take that with you everywhere you go for the rest of your life. And I think you hit it on the on your head, you know, when you when you mentioned that you're like, now I have a skill that no matter what happens, I'm going to be able to just, you know, go into the market and just extract money. And.. Mary: Yeah, even if all I need is, you know, if I retired and I just need the money to pay the property taxes. I can do that and spend the rest of my time I may be on the beach, but yeah.. Allen: Yep. And you I mean, you compare that to, you know, like the financial planners, you know, they go to school, they get degrees, they follow the news, and this and that, and they do all this research every day, and they're supposed to know everything that's going on in the economy in the market and everything. And hands down. You're beating them. It's like, why are you guys doing that hard, it's tough. If you could do this instead? Mary: So to bring it back here point about being a woman. I mean, we know they are better traders statistically, but just we know in the workforce, you get discriminated against and your pay. And as a petite woman Oh, even more so everybody treats me like a child. You see me at car dealership? Oh, oh, no. Yeah, no. They just only talked to my husband. And he's like, don't talk to me, she's the one buying the car. You know, for you to be honoring to women to give that gift. And it's that freedom of choice that you don't have to be locked into a situation or stay with an individual or with a company if you don't want to only for financial reasons that you can have the freedom to choose the life you want. Allen: Wow, that's amazing. Yeah. I haven't like as a man. I've never even thought about that. You know, I've never had to think about that. Yeah, that you can if you're in a situation that it's not healthy, that a lot of women like you said they feel trapped. They can't leave because they're dependent on one thing or another and they don't have the resources to handle it now especially.. Mary: When you're behind the screen. There's no discrimination. They don't know who you are. You're just out there trading with everybody else. So it's a level playing field. You can make it happen. Allen: Yeah, and you're actually going It's not even level you have the advantage. For, whatever reason, you know, I guess they say that the female mind doesn't take as much risk. It's, you know, it's more about staying calm and collected. And like you said this the small games and watching out for security more than, hey, I want to hit the Grand Slam, maybe that that's what it is but yeah.. Mary: Put your ego aside a little bit and, and in for people that I know a lot of people I'm not good at math. That's not it either, you know, I think if you're like you say if you're wise, big enough, you can learn this. And it's a B, if you're in a store, and they raise the prices on everything by 50%, you're gonna get out of the store, right? If you're in the store, and they lower the price by 50%, you're gonna buy everything. So it's same kind of concept.  Allen: Yep. So all you need is a calculator. Or if not, then you could just use a spreadsheet and this spreadsheet. Cool, awesome. So what do you think the future holds for you? No Mary: Choice. And that's a good feeling that I'm not locked in. If the job gets to be too much, I can walk away and trade full time, and I'll be alright. And if the job holds out, and I retire in three to five years, then I can enjoy more time in retirement doing things I want to do and giving back. Because that's what it's about. It's a human. Allen: Mm  hmm. That's amazing. Yeah, that's great. Because I know, you know, I don't know how or when this COVID thing is gonna completely go away, or if it's ever gonna go away, but there's been a lot of people who had to quit their jobs. And they couldn't, they didn't go back to work for one reason or another. And taking early retirement. And now, it's become a lot tougher, you know, people with pre existing conditions, and then you get older and then you have to go in and it's like, yeah, I don't want to expose myself, I don't want to expose my my loved ones. And if you have something like this, where you can sit at home in a few minutes and use your intelligence and use your common sense and push some buttons, and the money, you know, it's it's, it takes a while, you know, it's not overnight, that you start making money. But I think in the long run, it's better off. And based on that, I wanted to ask you, how long did it take you to get your you know, your mind around the whole concept and start making money? Mary: In the blank check? Well, both both. I think so because I kind of started out as a dabbler and learning like everybody else and tried the strategies of buying options first. And you know, that's so hit or miss and get frustrated. And this and that. And so when I finally started going on the other side and selling options and having success, and it's like, Okay, God encouraged and, okay, now I see how this is working. Okay, let me look at every strategy and the pros and cons. And so, you know, with selling options, okay, what's the worst that can happen? I have to buy the stock. So I stick to, you know, high dividend stocks that I don't wouldn't mind owning otherwise. So that limits the risk on that. So I would say it probably took me two years..  Allen: Okay Mary: And then it  was consistent in my return.  Allen: Okay,so two years of learning, making mistakes, coming2 back having some winners and some losers. And then how about with the oil program? Mary: That was successful right off the bat. The only, you know, last month was my only negative month that I had. And again, that was my own fault. I didn't follow the rules. But but, you know, I could say I had, you know, I had the laws and still far ahead. So it's not one of these, you know, your program is not one thing. Oh, I'm gonna guarantee you, you know, million percent return. Allen: Yeah, and I mean, losses are part of the game. So, you know, you gotta learn to handle them..One time or another, it's gonna happen. So you might as well be ready for it. But, but the The important part is to know how to manage it, you know, and so yeah, I oil has been, has been interesting this year. You know, last year was interesting this year has been interesting, and who knows what the future holds. But I think one of the things that you mentioned you alluded to earlier is that when you're doing it and if you have like a community of other people that are doing it with you that you can bounce ideas off, it gets it gets so much easier, and it's not lonely. You know, one of the things that we see that people are like, "Oh yeah, I'm gonna try to learn it on my own", you really are kind of on your own. And there's nobody there helping you and supporting you along the way. So it takes, it takes much, much longer than it should, and, or that he needs to. Allen: Yeah, and I mean, losses are part of the game. So, you know. Mary: Exactly Allen: You got to learn to handle them it around it. Yeah, one one time or another, it's gonna happen. So you might be ready for it. But the The important part is to know how to manage it, you know? And so yeah, I oil has been, has been interesting this year, you know, last year was interesting this year has been interesting, and who knows what the future holds. But I think one of the things that you mentioned you're alluded to earlier is that when you're doing it, and if you have, like a community of other people that are doing it with you that you can bounce ideas off, it gets, it gets so much easier, and it's not lonely. You know, one of the things that we see that people are like, oh, yeah, I'm going to try to learn it on my own, you really are kind of on your own. And there's nobody there helping you and supporting you along the way. So it takes it takes much, much longer than it should and, or that it needs to. Mary: And when you get older, you know, time is money. And it's worth the cost of the program to gain that knowledge and have it all laid out for you. versus spending so much time trying to dabble on your own and figure it out. And with your program I mean, the Facebook group is all very supportive and sharing their ideas. And as well as the weekly calls. It's a great community. They're very welcoming and open to everyone's ideas and learning new things.  Allen: Yep. Hopefully, you know, we won't have any of that discrimination in there. I don't think we have.. Mary: No, I'm not sensitive at all. I mean, I know for when I first started calling in, I was the only woman on but nobody ever made any comments or said anything. They were very welcoming.  Allen: Yeah, and the culture is pretty clearly. It's not like an all boys club, you know, they're very clean. No dirty jokes really like that. But um, so what would be some of the takeaways that if you know, somebody came up to you and said, Hey, I'm thinking about learning to train and joining Options? What are some of the tips that you would give them? Mary: Well, going back to how I even came upon your podcast. So during COVID, I've only been familiar with your program for about a year and a half. So with COVID, I was doing more walking, so started to listening to podcasts while I walk. So I searched for options, and yours came up. And when I saw how much how many episodes there were in content, I thought, Oh, this will take me three years worth of get through..so this would be great. And I got through all those podcasts in about two or three months. That's how good they were. And every one it was like, yes, that's exactly what happened. Oh, he's given such great advice, and it is down to earth. This is the real world advice. You're not sugarcoating it, you're not making promises that you can't keep. And if I had to tell people what I learned from my 20 years of trading, it would be just what you're telling people on their podcast, you know, from the ups and the downs to how to diversify. How to protect yourself from various risks. So I can't speak to the podcast strong enough.. Allen: Thank you.. Mary: That they cover the gamut of what you're going to deal with and when you become a trader. Allen: Okay, so Okay. Okay, so listen to the podcast, but what else? What else, give you some, some behind, you know, some, some, like stuff that you learned in the trenches kind of stuff? Mary: Stuff that I learned, I'll tell you that one of the best things I learned was making mistakes, how much I learned from it. Okay, so when I was first starting to sell options, and I realized that I kinda oversold and the position went against me. And so I was going to have divided the stock. Well, it was very expensive stack and I was like, oh, no, how's this gonna work out? What's gonna happen on Monday morning, so sweating it all weekend, figuring out how I could take a home back to cover my.. this and that and then just through going through it, then I realized, well, Monday morning, it opened up higher so they came out ahead, you know, they signed it to me, and then I resold it. So it was like, oh, okay, that's how that works. No problem. I know. No, I can handle it. That was my story. Allen: Yeah, yeah. Nobody showed up to my house. You know, want to break my kneecaps or anything? Yeah, a lot of a lot of on that point, there's a lot of things that we are afraid of that "oh, this is going to happen and that's going to happen" and we're not we haven't gone through it yet. And we just have these fears and when we actually go through it, it's like, oh, that's not what I was expecting at all. Mary: Yeah that's not so bad, I can handle that. So exactly, put a lot of that fear to rest in my head. Allen: Okay, so what are the worst things about trading for you? Mary: The worst thing? That there's so many things to choose from, from so many equities you can choose to dabble in and so many different strategies, just trying to find what your niche is. And you know, what works for you and what you're comfortable with. Well, I think finally, after all this time, I've been trading, I kind of have a cadence know, the stocks I like, which ones you get a feel for them, and you get a sense of how they move. And so that was kind of a switch for me, I guess, in the equities tend to trade a lot of high volatility stocks. Went to oil, in my mind, commodities, because I didn't have any frame of reference, except the old movie from the 80s. You know, one minute, you're up half a million and soybeans, the next they breach, your kids aren't going to college presents your... So I was worried that it would be even higher volatility than what I was used to. But it turned out to be the opposite. It wasn't as volatile. So I would make correcting move (inaudible) was gonna be a lot more volatile. And it was, so I've had to adapt in a good way. Allen: Okay. Yeah, most people told me the opposite. They're like, Yeah, this is, it moves a lot more than I'm expecting,  because of the leverage that's involved. Okay. So what was it that that attracted you to oil in the first place? Mary: It was the diversity from the equities, being able, again, like your multiple streams of income, I can do the same thing, but in different avenues. So that if something happens on the stock side, so I have the oil, and it was the tech draw of it. Okay, the benefits on the tech side? Okay. Allen: All right. Do you, now looking forward? Is there anything else that you're going to be trying? Or are you happy with what you got going on right now? Cuz I mean, you know, 6%, on one side, 7% average on the other side per month? That's really good. You know, you could easily turn that into a few million dollars the next few years, just compounding every month, over and over again. Do you think you need something else itching or are you just content? Mary: I just because, I get itchy and you know, there's a bird chirping in my ear about the whole crypto, you know, so, you know, I was looking into different started watching some videos or informational stuff on trading crypto in a Roth IRA. Allen: Really, inside a Roth? Mary: Yeah. So that if it goes big and you get the home run, then, you know, you don't have to get hit so hard with the tax.  Allen: Right, right. Mary: You know and being closer to retirement. Okay. For me, it's a different if you were 20 years or something. Allen: So would you have to have a like a self directed IRA this year, that special broker? Okay, all right. Okay. Mary: So but.. you know.. Allen: Interesting. Yeah. I mean, I have some, you know, I've been buying a little bit for the past several years now, just holding it and be like, Yeah, I'm not gonna trade it because I don't know where it's going up. And when it's going down, just been just invited a little bit here and there and just sticking in leaving it in the wallet and it's just, you know, just going up and up and up. It's crazy time do we live in? You know, like you said, 20 years ago, 14, 18, $20 a commission, you had to call your broker up to place a trade. Now, it's like, you know, press a few buttons 15-20 minutes a day, like you said, I don't know, man, we're living in great times. Mary: There's so many choices. You know, I do listen to some podcasts from CME Group is different ones. And just that team, they're expanding their offerings, you know, getting more into micros and the minis on all the indexes, because that's what people want. And they're starting to get into smaller units on the crypto currency and they don't have options on those futures yet, but you can tell there's enough audience questions about it that there's interest and I'm sure it'll come to be. Allen: Yeah. I think part of it is just they just want to make more money, you know. Mary: Their commissions are getting smaller and smaller. So they have to find ways to diversify as well. Allen: Yeah, the more stuff they have that people can trade, the more fees they can charge on their features. but cool. Okay, well, I appreciate your time. Is there anything else that you want to share with our audience? Mary: No, I appreciate the invitation. And just I would say, if you're new to options, don't get overwhelmed. Because I'm still learning, I pick up books. And, you know, I just, it's a hobbies, interest. And I like reading different books about it. But if you just learn one new thing a day, in no time you'll have it so don't get overwhelmed. And anyone's thinking about going into these programs with Allen's team and just have faith in the process and the program. He and his team are there to support you. It's not some fly by night, answering service, you can get a hold of Allen, you can get a hold of his team. So you know, that kind of put substantiation behind it. So have a faith in Allen's programs and have faith in yourself. Because you can do it, just get past fear and go for it. Allen: Well said, well said, Awesome. And thank you for this so well, the kind words, I really appreciate it. Nothing makes me happier when we have a success story or somebody saying, hey, you know what, I tried that. I just listened to you. And I did it. And it really worked. And I'm like YAY because like my wife. She knows trading, you know, she's she was interested in the beginning. And so I taught her some stuff, but I can't really go home and talk to her about it all day, cuz she'll like, she'll be like, stop. I don't really care. It's fun. It's fun when other people come back, and they like, Yeah, wow, it really worked. And I'm like, All right, Yay, we're actually making a difference in the world. So I appreciate that. Mary: You told me so. And you were right. Allen: Cool, cool. So for our listeners, I just wanted to sum up what Mary shared with us. So she's been doing oil options for about eight months now making consistent returns, she's also trading in a different account stocks, and you're doing some high volatility trades, right? And then you're also doing some low volatility stuff where you're doing like passive style with covered calls naked puts, and.. Mary: I'm mostly doing naked, puts on everything. Allen: Okay. Yeah. Okay. Yeah, those have been working amazingly well, I've been doing those as well just gotta make sure that you're protected when the market turns around. Cool. And then it was interesting that you said that, you know, your, your financial adviser told you, hey, you need to stop making money. Because otherwise, can you stop trading please because you're gonna go into higher tax.. Mary: Oh, my goodness. Allen: Like, okay, you know, give me some ideas, you know, how to, like, you know? Like, don't tell me to stop making money. You don't tell me, okay, give us give us a charity or something else? Or give you some ideas? Don't tell me to stop making it. Come on.  Mary: Exactly. Allen: That was interesting. And then I love the fact that she said that, you know, if you wanted to, you could stop working right now. And you could just live off your trading income. And that gives you complete freedom. And that gives you, you know, the choice of, hey, do I want to keep doing this? Do I want to stay at work, or if things deteriorate, you know, who knows what's gonna happen with the future, what's going on? If anything goes different topsy turvy, you have the choice of staying, or leaving or moving, you know, you could go to another country and, and who knows what, anything's possible. So I love that fact that you've been able to get to that point. And, you know, kudos to you, you did the work, you put in the time you learned, you tried it, you practiced it, and then you just followed, you know, you didn't mess with it very much. You followded the rules, and it's working, and you're like, Okay, you know, I can do this. It's good. And it's been wonderful to have a female perspective. I mean, you enlighten me about, you know, having that freedom of not having to be in that bad situation. If you are in one, you know, Mary: Yeah. Or, like, you know, the person on your team who not by choice, but is in a position of having to raise children with, you know, no partner and having to build a come up with that income to do that. Yeah, that's scary to be in that position. Yeah, I mean, for you're gonna do. Allen: Four boys is not cheap, you know. So it's like, she could either be working 50-60 hours and try to pay for everything, because she's got, you know, all four of them are gonna be heading to college soon. So that's not going to be cheap, either. And you can either do that, or, you know, she's working less than 40 hours now, and she's supplementing that with the money that she makes from her trading. So it's amazing. The blessings We get from this stuff. But yeah, you know, kudos to you. Definitely you looked into it, you learned about it and you said hmm. Okay, let me try. Yeah. And that took you down. It took you down a road that you never knew what the outcome would be. But the outcome has been amazing so far. So I'm really proud of you did a great job. Mary: I would not have explored that on my own. You know, if it wasn't for your program, I would have never looked into the oil. Allen: Yeah. Well, we're here for you. We're here for you know, all the other students that we have. We do our best. And again, I appreciate you. Thank you so much. Those of you are listening. If you want to reach out to Mary. She is in our Facebook group. Thank you so much, Mary, and we'll talk to you soon. Mary: You're welcome. Thank you for the invitation. Been a pleasure. Thank you LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS  AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/  WATCH THIS FREE TRAINING: https://passivetrading.com  JOIN OUR PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance  Like our show? Please leave us a review here - even one sentence helps.

Welcome Passive Traders to another special edition of the Option Genius Podcast. Today I have something a little bit different for you. I was interviewed on another show called "2 Bulls in A China Shop" by a company called Financial Ineptitude. That's actually their name,Financial Ineptitud. Basically, it's two guys. You know, there are really cool guys named Kyle and Dan, and they've been talking about trading for a little bit. They've been trying to learn how to trade and so they made this podcast to basically help them get their thoughts out, and to record all of their lessons. Their website is really cool. Their podcast is two bulls in a china shop and I'm going to include the interview that they had here as an episode because I thought it was really good. It was a lot of fun. And hopefully you guys will get something out of it and learn from it as well. So again, that's "2 Bulls in A China Shop" by Kyle and Dan. Enjoy the episode. We're so glad you've joined us today, folks, today is a very special day, we've got a fantastic guest with us. We're gonna be joined here by Allen Sama, Head Trader and owner of Option Genius. He is an Amazon bestseller author of the book Passive Trading: How to Generate Consistent Monthly Income from the Stock Market in Just Minutes a Day. And we're going to let you know more about that. But first, Allen, how are you doing today? Allen: I'm doing very well. Thank you very much. Kyle: Thanks for coming on. I know we had to work a little bit to get this. This recordin going. Allen: Yeah, better make it good. Allen: I'll do my best. Kyle: The more you work for it the sweeter to be right? Yeah, Dan: Yeah. No pain, no gain, Allen: The more you value it, right. Dan: Oh, right. So so tell us a little bit about your journey to becoming the Option Genius.  Allen: So I was born as a trust fund baby and I started with $20 million. Kyle: End of story. Allen: Exactly, then I made a course. And then I made a course and I started selling it. Dan: Make more money selling. Allen: Yeah. So I have a similar story to you guys. You know, I got laid off from basically the only job I ever had. And it was really about, hey, do I go back to finding another job than job market? Or do I try my hand at trading, which I had been starting to learn while I was working because I was working remotely. So it was a great job learned a lot. But it just came to an end. The business went under in the financial crisis. And so, you know, we were actually teaching mortgage brokers how to be mortgage brokers, mortgage brokers, they owe it away. So it's like they didn't need me anymore. And so I said, Alright, cool. Let me you know, try my hand at trading. And I took some of my wife's money, and I lost most of it roughly, for like 40- 43,000. Plus, very quickly. Dan: Oh you're kidding. Allen: And, you know, like you guys said, you know, you learn very quickly, what doesn't work and most of it doesn't work. Yeah, at least for me. Dan: I get to strangled to work one day. Allen: Yeah. And so really, the, the best thing for me was that, you know, she had, she had faith in me, and she, she's like, you know, you need to make this work. And so I went back, and that kind of really put a fire under my ass. And then I looked at all my records, because I keep paper records of all my trades, write down everything. And so I found that, you know, I was doing day trading, and I was doing this and I was doing that buying and selling and value and I was trying everything, you know, there was one time where I was long, the inverse ETFs you know, SDS and SSO. So SSO is the two 2X S&P Going up, and SDS is 2X going down. So I was long on both of them. I was like, I can't lose. Right? Yeah, it's like the only trade that I can't lose on but guess what I did, I ended up losing money on that trade. Dan: You're telling my story, Allen. You're telling my story. Kyle: This all sounds so familiar. But there is a light at the end of the tunnel that it sounds like you.. Allen: Because the only thing that worked for me was selling options. And I had done at least one trade where, you know, I put it on, didn't really know what I was doing. But I followed it. And I put it on and I forgot about it. And then it it was in my paper records, but it wasn't in my account. And I'm like, where to go. My broker scamming me, you know, that should be here, you know, I put the trade on, where's my trick, and I kept researching, and then I realized that that trade had expired, worthless, and it just had gone away. So it doesn't show up on the screen anymore. And there's no exit record. And so I was like, Well, this is cool. You know, this is something that I didn't pay any attention to. And I made, you know, a good decent amount on it. And I didn't like it was easy. So I'm like, What is this thing? So I learned more and I dug deep into it. And we went into covered calls and naked puts and spreads and iron condors and, and all these different ones. And eventually I found that, um, you know, these type of trades are a lot more forgiving. So if you're not the most savvy, technical analysis like me, and if you're always buying at the wrong time and selling at the wrong time, getting all emotional like me, then this really was something that was much easier to do and, you know, you probably hear it If you talk about it, but it's like you put the odds in your favor. So it's a little bit, I think it's more conservative. But it's a lot more passive in the sense where I don't have to be in front of the screen all the time, I'll put a trade on, and then just check it and make sure it's okay. And that Theta decay just works in my favor. So the time decay, meaning the options go down in value, you know, every day as they should. And then eventually they expire. And when they expire, then the trade is over. Kyle: So what kind of time frame are usually looking at when you're selling your contracts? Allen: Well, I'm in different strategies now. But usually, I'm going around 45 days to about 25 days. Kyle: You basically just rolling monthly, the monthly. Allen: Yep. So I'll stay in two months. And then if I get out, then I'll be like, okay, good down. Let me look at next month, sometimes I get out early, and I'll take, you know, take a week or two off, I'm not doing anything. And then, but most of the time, yeah, it's you know, you're getting out of one and then you're getting into the next one. Kyle: Are you just doing these cover calls? Are you doing spreads? Or what are you doing to cap your, your, your losses, because we selling options? Contracts can be really dangerous.. Allen: Mm hmm. So we do a little bit of all of them. You know, I've been doing it now for 15 years. So I started with the iron condor, because that that, Oh, my God, this is awesome. You know, you can make money on both sides, and the stock doesn't move too much. And it's a trade that can't lose. Obviously, I found out that yeah, you can lose. But I mean, it's probably the most complicated trade you can start with. And that's the one I did and then I got, you know, I got good at it. And then I did look at covered calls, we did that for a while still do them now in my. So let me break it down, in my retirement accounts, I do covered calls, naked puts, and some spreads. And the spreads are really there to just goose the returns. Because in those I'm looking for about 10% a month, the covered calls naked puts, I'm looking for one to 3% in the retirement accounts. And then in my trading account, I do spreads iron condors. And then I also do a little bit of futures options. So those are a bit more, they got a lot more oomph to them, because there's more leverage involved. And so they're faster. They're very, they're much faster trade. So I'm in and out, usually around two weeks, about 14 trading days. Kyle: Before we get too deep into here, maybe we should kind of talk, can you explain, let's start with an iron condor. And maybe just real quick recap of what a spread is. Allen: Sure. So a spread and the way I trade them is I want to be selling the spread. And so it is something that where you take an option that is far out of the money, you sell that one, and then you buy another one a little bit further out of the money to hedge yourself. So it's a risk defined trade, meaning you know, exactly "Okay, I'm gonna put in, you know, $500 into this trade, or 1000, or 5000", or whatever you put, that's the most you can lose. And then you get a credit for doing it, meaning you get paid when you put the trade on. That credit is the most you can make. So now on the spreads that I do. So for example, let's say we have a stock that just going up and up and up and up. Right now, I like to play the trend, I like to play momentum. And so if it's going up and up and up, I'm going to sell calls. So I'll sell a call spread, I'll get paid for that. As long as the stock doesn't go below my calls, my trade makes money. And on those types of trades, I'm looking for about 10%, like I said, on a monthly basis. My iron condor would be doing that trade with puts and calls on the same stock at the same time. So you want, in that situation, you kind of want something that's going sideways, you want a stock or an index or something that's, you know, it's not moving too much. It's kind of lazy moving sideways, and so you sell some puts below it, and some calls above it. And so that way, you get paid for both you get paid for the calls, and you get paid for the puts. But you don't have to, you're not risking both sides, because you can only lose on one side. You know, so you have the same amount of risk as if you just did a one sided spread, but you get double the credit so you make twice as much money. Kyle: Right. Oh, I was found that the more complicated things get the worse I do at them. We'll have some links in the episode description explaining those a little bit better to anybody.  Dan: Yeah, I'll need to follow those. Yeah. Kyle: So you're looking to generate about 10%. 10% A month or return on your investment then? Allen: Yep, that's it. Yep, that's it go. I mean, you don't always get there, right? You're going to have months where you make less, there's going to be months when you lose money. So if I aim for 10, you know, I can think hey, you know, if I get five for the month, I'm happy. You know, that's 60% a year. That's that's pretty good. Yeah. So I cannot complain. There have been there have been years when I've done over 100% And then there'll be two years when I've lost money. So, but overall for the past 15 years. It's been working really, really well for me, so you know. Kyle: Yeah, it sounds like you're Your path kind of took the same path that mine actually took, like, that was what led me to quit my job is thinking like, I could sell contracts because you know, 80% of them or whatever, expire worthless, rather be on the side that has the math with it. And I'll just, I'll just basically trade the wheel and sell puts, you know, until I get the stock and then calls against it until they get taken away. Success has been mixed so far, but still not working. So. Oh, really? Well, we could talk about that. Well, it sounds like I need to read your book is what it really sounds like. Allen: Yeah, I mean, you know, right now, we're in a bull market. And so the puts that we've been doing the selling the puts, I mean, it's been, it's been working phenomenally, um, covered calls are doing well, as well, because we go pretty far out of the money. So like, you know, it's not always 80%, sometimes I'll go 85, 90 95%, depending on what I want to do. So in my retirement accounts, I don't want to lose my stock. And so I'll sell pretty far out of the money. So I'm not making as much on those. But I don't want to lose my stock. And I'm just looking for a little bit, you know, I'm looking for, you know, 1%, one and a half percent, maybe a month, and I'm happy with that. And so the naked eye, you know, it's also stock selection. And I think that's one of the issues that a lot of people get mistaken. People say that, "Oh, when you're selling options, you should be looking at the ones that are the most volatile names, because they have the most premium, and you get paid the most". To me, I think that's like a suicide mission. And, and I just want to be the, I just want to save ones that are boring, that are you know, everybody ignores them. You know, I like the small, the large, very large companies, they pay dividends, they don't move very much. Those are the ones I just want to cash flow, you know, I just want to be selling naked puts on them, they're not gonna drop 10%. If they do, it's like, it's like the, oh, my God, this thing dropped 10%. You know, that's good news. So I want to sell those, and I want to keep them and collect the dividends and then just get my cost basis down as far as I can get. Dan: Do you have a favorite company then that you find yourself going back to more than others? Allen: I like stuff like McDonald's, Walmart, Starbucks, you know, big names. Everybody's known them there around the world, they have dividends so you know, that they're if they're paying the dividend, they're still profitable. They're making money. You know, Apple is kind of joining that list, although Apple is still a little bit more volatile than the others. But yeah, stuff like that, you know, basic big name, dao components, most of them, one of them that I really liked, that hasn't has been doing really well over the past few years is Intuitive Surgical. It's is ISRG so it doesn't pay dividends. And it's not good. It doesn't have a lot of option volume, but for credit for covered calls, and naked puts it's good enough. And that stock has been doing really, really well for me for the last few years. So that's a particular name. Kyle: So yeah, some of these are pretty expensive, though. I mean, yeah, you gotta be real careful, you don't get stuck with a couple 100 shares, if you don't have the account to cover that. Allen: Yeah. So in that case, you know, what we can also do is you can always roll them. So if I get into a position where I'm sold a naked put and it goes into the money like I've done this with right now, my kid loves Roblox. I don't know if you have kids, but my kids are always on that game. And I was when it came out. I was like, Oh, this is cool, you know. So I sold some naked puts on it. And now they're in the money, and they've been in the money for like three months. So what I do is I just roll them to the next month. So about maybe a week or so before expiration, I will buy back the put the naked put and then sell it again for the next month, collect a little bit more premium, and then the trade just continues. Kyle: Hmm, that's interesting. Yeah. Wow, I didn't even think about doing that. That's awesome. Okay, so roll it over. I'm making notes for myself.  Allen: Now, these are on stocks that you actually think are eventually going to go back up, you know, if it's still going down, down, down, then you're like, No, you need to bail out and be like, yeah. But if it's a decent company with decent, you know, fundamentals, and you know, they're making money and all that stuff, then yeah, Kyle: I've always gravitated towards the cheaper stocks when trying to sell contracts, just because at least if I'm selling, and they could put on something that's only valued at like, $15, then I know I can't lose more than $15 a share. Allen: Yeah, yeah. I mean, you know, like, my thinking is that I want to be in a company that I know is not going to zero, so I don't have to worry about it. Kyle: I mean, Ford for a while is trading around 15. It's at 18. Now, but yeah, I know for some solid companies that are in that range, right? There's a lot of other ones that aren't though. Allen: Like if it was a $200 stock, and now it's at 15 There's another issue going on there. Dan: Hertz is coming back. Good PR story. Damn it. Kyle: I'm gonna go back to losing $40,000 of your wife's money. So what were you doing that got you like we tried to day trade options were you.. Allen: I was doing a little bit everything I was day trading stocks, I was buying options. I was buying and selling like I was doing some value investing for a little bit. I'll be watching Kramer every night and looking at what's Kramer telling me to do. Okay, I'm gonna do this and that I would watch fast money every day and look for any anything that sold this is going up okay, hey, copper is going up. Let me buy some you know, SPX. Let me buy some of this. So trying to play the trend is trying to play all that stuff. I looked at futures, you know, trading futures a little bit, but that's,  that takes a lot of money. Kyle: There's no it actually takes less than you think. Really? $4,000 you can fund and account. Allen: Yeah, but then I mean, like you got Japanese. Japanese yen that takes that's a lot of money for a contracts. Dan: Okay, Yen is in micros now. Allen: Yeah, at that time, they didn't. They didn't I don't think they had those. Kyle: Probably. Yeah, I think minis were kind of new thing. Yeah. Allen: But yes, I was trying a little bit everything, whatever I could, whatever book I could find whatever video I could find. Just trying a little bit everything in nothing, nothing really worked for me. Kyle: So what was it that actually got you out of that? That, I guess Funk You can call it. Allen: So until for several months, my wife did not know that I was losing all the money. You know, she'd come home. And she actually, I mean bless her heart, she took a second job. So she's working two jobs while I'm at home trading. And, and we didn't have any kids at the time. So that was good. But you know, she she'd come home tired, and she wouldn't really want to talk about it. Because sometimes I'd be happy sometimes I'd be sad. She really couldn't tell what was going on. And then one day, she checked the mail and the account statement had come in the mail. And she's like, where's all the money?    Dan: Oh, no.    Allen: And I was like, Yeah, we need to talk about that. And then I feel, you know, I could tell that, you know, the marriage was on the ropes because we were newly married, and she had saved up for years working to save up this money. And so it was really a matter of, you know, I promise you that I will give me three months. That's what it boiled down to. So give me three months, I promise you, I will at least get back to breakeven or like, you know, not lose money every month, and then I'll start making it back. And if I don't, I'll get a job. So that was it. That was my ultimatum, I had three months to turn it around, or go back to, you know, the 9 to 5 grind.   Kyle: So I gotta ask you, one of the things that took us a while to learn was basically the number one job of being a trader is risk management. So what point during that journey did that finally kick it in your head? Risk is the most important thing. So you don't end up blowing up an account like that. Allen: It didn't really hit me for a long time, even after I started getting a little bit consistent. Really? Yeah. Kyle: That's interesting. Allen: You know, I kept going gung ho blazes forward until maybe like a year, year and a half. of really, you know, trading full time. The one thing the benefits of the selling options is that they're not that many losses, you know, you don't lose on too many trades, because it's set up to to help you win. And so that kind of helped me, but I would, I would have these huge losses, like if I'm making 10% on a trade, the idea was not to lose more than 25 to 30%. But I would be losing, you know, 40% 50% 60%. And I just couldn't get out of that hole. And I'll tell you, I'll tell you the secret. What turned it around. It was my wife, yeah. So she's like, cuz I was talking to her at this point. I'm like, Hey, this is working. This is not working. I'm doing this. I'm doing that. She goes, You know, it seems like you have everything you need. You're just not sticking to your own trading plan. Right? Yeah. Cuz I get emotional. You know, I think he's gonna turn around. I think he's gonna do this. But then, you know, CNBC said this, and then fox said this, and so she's like, oh, let's do this. She goes, I'm gonna come and check on you every day at a certain time and we're gonna go through each trade. And I'm gonna ask you questions, and then you have to answer. I'm like, Okay, let's do it. So she would come up, you know, she'd come upstairs to the office. And she'd be like, Alright, show me your trade. Alright, what's the goal? How much are you trying to make? Alright, where's it now? What's the trading plan? What happens if it goes down? You know, when are you going to adjust it? Or when are you going to get out? And then if I haven't gotten out yet, or if I haven't adjusted, then I have to answer why. Why? Yeah. And if I don't have a good answer, get out now. Allen: That's, that's really awesome, actually. So you just delegated your risk manager hat to your wife. Allen: Pretty much. And then, you know, there were times where I didn't want to have her breathing down my neck anymore. And so that's when I got better at it myself. And then, you know, after a while, she was like, Hey, I think you got it. You don't need me anymore.   Kyle: I know you say that you think that you're blessed to be to be able to do a dream job of earning money in the stock market and working in your PJs, but I think you I think you hit the lottery twice. It sounds like you really married a great woman. Allen: Oh, yes, I did. I did. And she hates me. He's telling this story about how I lost her money, she hates. She's like, you sound like such an idiot like a dumbass.  Allen: Yep. I think we all go through it. We all do it. Dan: Nobody just started out and just like, oh, every trade I've made. It's been great. What's your problem? Kyle: No, most people will blow up an account too. And that's why the things that we've been learning is, Dan and I are both trying to learn futures. So we're going through some courses with the trade pro Academy. I think we're I think Dan just flipped the live today, in week four now. But one of the main things with that is like, Okay, we fund the minimum amount we need in that account in case something goes wrong. You know, the most we can lose is whatever's in that account. Yeah, we're not going to fund it with you know, the life savings and then give ourselves you know a hundred thousand dollars  a full wrap with,   Allen: Yeah but the cool thing is, you know, you guys have each other to bounce ideas off to talk to, you know, a lot of people try to do it on their own. And they're just like, I did you know, I was lonely. I was doing, I couldn't figure out what was wrong. It didn't have anybody to talk to. Because I mean, you tried to talk to your neighbor, or your friends or your family like, oh, yeah, hey, I sold a, you know, a call spread. And they're like, "What? What the hell are you talking about?" I couldn't talk to anybody, so it's awesome that you guys have somebody. Kyle: Well, actually, I think the podcast for us is actually but what's taking the role of the wife explaining the moves? I mean, at the end of every episode, we do a good, bad and ugly segment where we talk about something that worked something that didn't work and something that was really bad. Allen: Yeah that's accountability. Right there. You got to tell the world. Kyle: So now, yeah, when you're getting ready to do something stupid, you're like, how do I really want to talk about this on Saturday? Okay, I'm looking at their your, your, your sheet here that you said this. And one of the things that I see on here that's really interesting is that you made a small investment for your four year old. Yep. What's the deal with that? Allen: Alright, so the biggest thing that I've been learning by talking to people and everything is that people are not people don't have enough saved for retirement. You know, that's like the one biggest thing and people come to us, and they're like, Hey, I, you know, I'm in my 50s, I just got laid off, you know, what am I gonna do? I don't know what to do. I got to figure out how to trade. I'm like, well, you're under a lot of pressure. I don't know if this is the right time, right. And so I didn't want my kids stuff to go through that. So currently, my wife has another business. Mm hmm. And so what we did was, we have three kids, we got a 10 year old nine year old and now she's five. So the little one is five. At that time, she was four, when we started this actually know when she was born is when we started this. So we took the kids, and we found a way for them to earn some money. And basically, we did it as we were their models. So they model and we take pictures of them for advertising, for our website, the brochures for my wife's business. And so the kids get paid for it. And that money then goes into their Roth IRA. Okay, so that they have no, there's no taxes, there's no income taxes on that money that they that they make, right? Because they're minors, and there's a certain limit, so I'm not an accountant. So don't, you know, none of us are, I don't think but when we started, you know, the rule was you can make up to 12,000 As a child, and it would not be taxed. And then you know, who knows what if that's going to change anytime soon, but we could pay them take that money, put 6000 into the Roth IRA. Now, you know, She's five years old. So we've been doing that for a few years. And currently, she has about $50,000 in her account. Now, you, you can look at, you know, you can do the math on any investment calculator. She's five years old, she's gonna retire in 60 years. So you take that 50,000 invested in let's say, an index fund, and you make 8% a year. Right? Compounded for 60 years. How much is she going to have at the end of that? 60 years? It's going to be well over $2 million. Right? That's if I don't put any more money into it. Yep. If she never touches it, she doesn't put anything else. You know, she's gonna have a $2 million retirements on when she when she's done. And, and that's without me doing any of my options stuff or, you know, doing anything.  Dan: There I say better than a college account fund. Allen: Yeah. Right. Yeah. And I mean, part of it is, you know, the money, she's gonna when she takes it out, she, when she retires, she won't have to pay any taxes on it. So we made the money, we didn't pay any taxes on it, she's gonna grow the money and not have to pay any taxes on and then she takes it out and there's so there's like no tax at all. It's like the only loophole I've seen like this.   Kyle: We might need to bleep some of that out just in case. That's interesting. We saw a story not too long ago about a senator proposing a bill to like, and I don't think there's any traction on the actual bill. But what was interesting was the math behind it. He said that I think it was about $2,200 for every newborn, put into an account for him, like that will basically make them retire as millionaires.  Allen: Yeah. I mean, if you start early enough, and you put it away, and you don't touch it, it just compounds and it works. And hopefully, it'll be at the same, you know, average at least 7 - 8% a year that the stock markets been doing historically. So you know, of course, things change in the future. We don't know. But I'm trying to just set these kids up in a way that can help them succeed, you know, and if you if you think about it, like if she doesn't have to worry about saving for retirement, then whatever she makes, she could like, enjoy it. She could give back to our community. She can you know, spend it do it everywhere. Yeah. Yeah. Dan: Take care of you hopefully.. Kyle: That's smart. Allen: Yeah, that's the plan. Yes, that's my retirement. Kyle: Tell us a little bit about your company Option Genius. What do you guys do over there? Allen: So it started off as so when you sell options, you know, it's kind of boring. It's very, like I said, it's passive. It takes just a few minutes to put on a few trades, and then just watch him watch and watch. And so when I started doing it, I got bored. And so I would go and I would bother my wife. Hey, what you doing? What do you do? Oh, you're cooking that again? Oh, no. She's like, can you just get out of my hair? And I'm like, Well, no, cuz I don't have anything else to do. She goes, Why don't you like, teach other people how to do what you're doing? Oh, that's a good idea. So I started a website. And the idea was, you know, I'm gonna have one website, and I'll just do my trades, and I'll share them with other people. It'll be a membership site, they'll pay me for it. If they want to do the trades, great. If they want to learn, that's great, whatever. And, you know, hands off kind of thing that started doing really well it started growing and people start asking questions. How do you do this? How do you do? What about this strategy? What about this strategy, and it just grew from one website to many of them three. Now we have three different memberships, we got like three different courses and coaching programs, we got a couple of books out there to spread the word. And eventually, I got to the point where you know what, the emails that we would get from people would be so heartbreaking, that it's like, there's this better way that I think are found, and people don't know about it. Let me, let me expose let me share the message. And so that's really behind what Option Genius is. I mean, you know, not to brag, but you know, I'm trading a seven figure account. And so if I can make, you know, two or 3% on that in a month, I'm living a really, really nice lifestyle. You know, I don't, I don't have a private plane, I don't have a Lambo. I don't need any of that stuff. So we're really doing well. And so this is like, if it works great. If we can help other people great. If not, I can walk away. I don't need it. But we've we've been doing it for a while. And we've really, it's heart warming. When somebody comes in, oh, man, I just did my first trade. And I made 10% Oh, man. And we have we have our own podcast. And I've started to interview our students. And so they come on board. And they're like, you know, I had a small account, but we got one guy. He, we gave him a scholarship. Like every year, we have a scholarship to one of our courses. So he actually won the scholarship. And he's like, you know, I have a small account. It's like $4,000. And he's a teacher. And he does now what you were talking about the wheel. So he learned that from us, and he's doing it. And he's like, hey, you know, I made 30% this year from my wheel. So that goes awesome. Yeah. There's other guys. They're making, like 7, 8% 10%. We had one guy who came in, he lost his job. And then he's like, Hey, I'm in your program. What do I do? I'm like, do the follow up program. You paid for it. He started doing it, you know? And seven months later, he's like, Yeah, dude, I'm making 10 grand a month. I'm like, That's freaking awesome. And he goes, You know what he told me? He goes, I'm going back to work. I'm like, what? He goes, because it doesn't take any time. And I want to go back to work. Whatever floats your boat. Kyle: Learn a different skill. I mean, I guess that's what you want to do. I guess. It's funny though. The more people that we talk to, especially the ones that are really successful, that seems like they all want to give back somehow to the community. Allen: Mm hmm. Kyle: That seems to be a common theme and I don't really think see that in a lot of other industries. Allen: No. I mean, there's only so much money you can make, and it doesn't really make you that much happier anymore. But when you can like to have, you know, the Maslow's hierarchy with a triangle going up to be like self actualized you gotta have significance you got to give back. Mm, Dan: Yeah that's awesome. Oh, boy. Awesome. Okay. Allen: But I mean, you guys are doing that, you know, the podcast, and you guys are helping  Dan: We hope Kyle: Mostly they're learning what not to do. Allen: There's value in that as well. Kyle: Yeah, I think that was our tagline once "Let us lose the money for you". Dan: Oh, yeah, yeah, I've proven myself capable of that time and time again. Mm Kyle: hmm. All right, what else we got on here? And Dan got any other questions here? Dan: Yeah, so when you're starting out some people I mean, I know you mentioned you get somebody started as low as four grand Do you do you give people like a target, like try and get this much money together to start the ball rolling, or you just.. Allen: Um, you know, we say, we say, if you're going to do what we call passive trading, they can start with anything. But if you're going to go into something like just spreads or like futures options, and we say, start with about 10,000. But even then, you want to start off with paper trading, especially if you've never traded options before, because you need to, you need to know what buttons to push and you know, you don't want to hit the wrong button. Instead of the sale, you hit the buy. And it goes backwards. And you got to know what you're doing on the platform, the software, the broker software, before you start putting real money at risk. Dan: Yeah. Kyle: Is there a specific broker that you prefer? Allen: I have most of my money at Thinkorswim and tasty, but it doesn't really matter. Kyle: We've been getting more into Thinkorswim too. Yeah like their their bracket order than other options bracket. It took us a year to figure out the Active Trader even know it existed. But man that made a huge difference. Huge. Oh, you can just drag your stops. Dan: But that's more day trading options. Well, yeah. Well, we talked a little bit real quick, do you ever use the the ThinkOrSwim probabilities when you're looking at selling your options? Allen: Um, so we have a couple of different ways. I use the the desktop Thinkorswim Yeah. And so like, uh, you know, if you're looking at an option, right, you look at the option chain, and it tells you what the delta is, you can pretty quickly find out what is the probability of that option. So if it's delta 20, that means okay, this still this option has an 80% chance of probability of expiring worthless. If it's delta 10. It's got a 90% probability of expiring worthless. So that's kind of like rule of thumb, really quick table math, you know, where you could be like, Okay, I want to do this, or I'll look at the Analyze tab. You know, if it's a more complicated trade, then I'll look at the Analyze tab, and I'll use the numbers that they give me there. Dan: Okay. Okay. I remember that for a little bit with straddles and strangles. But I didn't have much success. Kyle: I think I heard that before with the Delta, but I never I pay attention to it more, because that's tell you how much the underlying will move, right? Like for every dollar that the  underlying moves, then you should see a 30 cent change if it's a 30 Delta, or 20 cent if it's 20. Allen: Yep. But I mean, I don't know how accurate that is, because it always changes all the time. So.. Kyle: Yes, that's true. Allen: It's like I thought it was gonna move 30 cents. Well, your Vega did this and the gamma did that. So. Okay, great. Thanks. Kyle: Plus, now the delta is different. Yeah. We started talking a little bit about crypto. Dan, should we move into move into that? Dan: I would love to talk about it, especially coming from somebody who educated their way into Options success. Do you have anything going with crypto? Allen: So I have been taking advantage of a couple times. We could talk about that. So I'm learning about currently a friend of mine introduced me to I guess they're called alt coins. You know, so I do have some of the big ones, you know, the Bitcoin, the Etherium whatnot. And those I've just holding on to so and then I just started because I have a lot of it. I have it at Coinbase. And so I've put up my Etherium for it was called staking or stocking. Kyle: Staking Allen: Oh, yes. Staking. Yeah, so they hold it on, they hold it for you and they pay you four and a half percent a year. So I'm like, Okay, I'm not gonna sell anyway, I might as well make some most of it. And I think, you know, it's been going up and up. So hopefully by the time I actually want to take it out, it's appreciated. And I will It'll made that four and a half percent, which is pretty good. And so I'm doing that. And then I'm starting to get into these alt coins and trying to figure out which ones are actually going to make it big. And which ones are scams and about, I guess 99% of them are scams. And like so my friends been showing me like, hey, you know, you can tell how much money was used to create this coin, and then are they allowed, are you allowed to sell coins? Or you're not allowed to sell coins? Or you know, what are the different little red flags that go hey, this coin is a scam this coin is a scam this coin maybe not be a scam. You know? And so you know, you put your money in and then if it goes up a little bit, you take your money out, and then you'll play with the house money and then you let it right kind of thing. Kyle: Yeah. So which coins have you found that piqued your interest then? Allen: So the one that I'm getting into right now, I haven't got like I'm pretty new at this. So I'm still learning and looking around. The one that I have found that has a good chance of success right now is called Floki. Kyle: Floki. Like the Norse god. Allen: Uh huh. Yeah Kyle: The trickster god. Allen: Yeah. Floki dot INU Floki.INU. And so his symbol is a dog with the viking helmet.  Okay. So it's it's one of the meme coins, but they're doing a ton of advertising. They're coming out with some actual use for the coin soon. You know, so that one has already gone up in value a lot. And there's probably a lot more to go in my opinion. So that's one that I'm going into. Kyle: What's one that you're that you found some red flags on them? Allen: There's been a bunch. The names I don't know off the top my head but there was one. Oh, it's like world peace earth or something like that. You know, there's like, so there's so many of them. There's like, they call them weird names. Whatever's trending at the moment like just endgame coin and Avengers coin. Dan: Oh, I just read a story that the squid game coin is apparently the creators fleeced everybody. What? Kyle: What, what's your thoughts on hamster coins? Jack Dorsey's favorite. He thinks that's gonna overtake Etherium. Allen: Oh, really? I haven't heard of that one. Dan: Nobody has. Kyle: Nobody has, I know. Dan: Don't listen to Jack Dorsey. That's all I have to say. Allen: I mean, you know, it's so it's, it's like the Wild West is full of gambling. And you know, the guy that teached me about it. He's like, Yeah, you know, we probably have maybe another year or two years before this all this stuff gets regulated. And all these alt coins are just gone.  Kyle: It's kind of started already to Yeah, Mm hmm. I think didn't I see something about the SEC getting authority over was stable coins, stable coins just issued today. Allen: Oh, that's today. Okay. Dan: Biden said if you don't do it, we'll issue an executive order to make it happen? So it's on the way? Yeah, it's happening. They're there. They're the beginnings of regulation. Or I should say not like, we won't get there for a bit.  Allen: So because I mean, we think that, you know, the people behind these coins are like, really sophisticated and smart developers, and they spent all this time and effort, you know, creating a coin. It costs like $1 to make a coin. Kyle: Yeah. Dan and I were actually looking at making our own. Yeah, the two bowls going. Allen: You know, so it's like, yeah, it doesn't take a lot. And it's pretty simple. And people, they're, like, new coins come out every like five minutes. There's a new board. And so it's like, geez, yeah, you're Kyle: Constantly fighting that delusion.  Allen: Mm hmm. So it's interesting. It's something that is, you know, I'm playing with it. But it's money that I can afford to lose. And the bread and butter is still, you know, stock market options trading. Kyle: That's why I was gonna ask you what I mean, because now that you have a real risk manager side to you, like, what's your, how do you limit your risk then onto that? I'm assuming you do it based on like, a small percentage of your portfolio or like this is probably just play around money, right, especially when you're learning? Allen: Yeah. Yeah. So um, you know, I bought 30 grand of Ethereum. And that's is what I'm about to put at risk and all this stuff. So, but some of these coins like they're brand new, right? So they're little, and they can go up 500, 800, 10000% and then they will back down. Yeah. You can have a really big move. And some of the people that I know, they've this year, this past year, and this is why I got into it, because they took like really small amounts, and they've made you know, they have a million dollars or $5 million, or $3 million worth of cryptocurrencies. And I was like, why aren't you selling, you know, yeah. And then they go off and they're like, Well, you know, it's gonna go up more and you know, I gotta pay taxes. I don't want to pay 50 2% taxes or more moved to Puerto Rico and so they have all their reasons for.. Dan: Transfer for a more stable one. Allen: Mm hmm. Kyle: Dan just had this same conversation with a couple of his friends. Dan: Yeah, yeah, mate. Yeah. Kyle: 50% on the latest dip on Bitcoin and then refuses to sell any Kyle: It's 10% Yeah, yeah. Yeah, exactly. That's like like you're saying like, take your money out. Let let it be house money. Yeah, exactly. Not getting risk on anything come on.  Kyle: And then you got money to reload because it drops again. Yes, I want to have some ammo laying around the to jump into something when the opportunity strikes Allen: Yep. Now I think you guys are you guys are traders you know you guys are watching the markets, you guys are there in the front of the screen, I'm not that much into it, you know, I'll keep my screen open but I'm not checking all the time. And so for me that's a little bit harder. And so, you know, I for my bitcoin and Etherium or whatever I'm not, I'm not selling, you know, even if it dips or goes up, I'm not selling I know I'm gonna hold it for another maybe 10-15 years. So hopefully it keeps going up, but we'll see how it goes. But for now the idea was, hey, just buy it, hold it. And if it keeps going up maybe you add a little bit here and there. So I've been doing that.  Dan: No,but yeah, that's your plan. It's a long term plan. You're not trying to strike it rich the people that are buying into these things trying to strike it rich and then refusing to ever sell. Allen: Oh, that's silly. Yeah Dan: Yes. Like you gotta get paid some point Allen: There was one guy on the had an article where he became a Dodge coin millionaire and he's like, I'm not selling like.. Dan: Oh, no, not a millionaire anymore. Allen: What's the point? Dan: You never were a millionaire, coz you never sold. Kyle: Exactly. Have you come across anything? I guess staking is kind of similar to derivatives. But like, If there comes a time where you can sell calls on your Bitcoin you can do something like that.  Allen: So yeah, so they just came out with, is it bati? I forget the name of it.  Dang it. The the first ETF Bitcoin ETF just came out. Dan: That's Yes, that's right. Um, that was a futures based one too, though, isn't it? Allen: Bitl. There we go. So, that's tradable. And that that has options. So, you know, right now it's at $39. I don't know if that's cheap enough for your wheel. But.. Dan: I think what cuz that's if that's based around a futures contract, it's going to be constantly losing money too overtime, right? Allen: Probably. Dan: Won't you get like double decay if you. So decay of the futures contract. And every time, Allen: Yeah every time they roll it forward a month they lose, right? Because I have all the fees and stuff to pay. So that is something.. Dan: That might be a really good one to sell Options. Allen: Yep. So I mean, I, you know, I've sold some calls on it, because I was like, Okay, if bitcoin goes up, and they're saying, you know, bitcoins gonna be 100,000 by the end of the year, I was like, Okay, I'll sell some calls on it. And or no, sorry, I'll buy some calls. I bought some calls. This is one of the few ones where I'm actually buying calls. Now that trade is still negative. But you know, it's a bet, you know, it's a bet. If it goes up, great. Dan: Yeah, just manage that risk. Allen: Mm hmm. Dan: So let's wrap things up with I want to ask you some questions about just some of the most common mistakes that you see from your students, or just the biggest struggles that they have and how they had to overcome those. Okay, yeah. So if you're going to give us like, just the top couple pitches, see? Allen: Okay, so first off, I would say is that they try to do too much too soon. And so one of the things that I always stress is, Hey, pick one strategy that fits who you are. And just focus on that one strategy, get really good at it, hammer it, do back testing, or get some back testing software, pay for it if you have to, and just do trade after trade after trade after trade until you understand it, until it's like, you know, second nature to you and you're consistently profitable. Only at that time, should you then venture off and say okay, let me add another strategy. Right. So that's the that's the first thing that I tell everybody a second thing is not all strategies are for every person. Mm hmm. Like for me if you told me Hey, you know, I'm gonna put a gun to your head and you have to be be profitable at futures trading, or be like well, you know, goodbye Allen: You know, tell my wife I love here. you know, telling her that life insurance is very well Allen: So it's not for me, you know, my temperament my style, the way I I am the risk temper the the risk appetite that I have is different than everybody else. And so you got to figure out what strategy and there's 1000 strategies and there's every every strategy out there you can make money there are people out there making money with futures day trading and, and Options on futures and, you know, pairs trading and whatever you can think of people are doing it, some of them making money, most are not, but if you find the thing that fits you and you're like, you know what, this this really, really makes sense to me, I really get this, then that's the one that you should focus on. Most people are just like, Oh, hey, you know, I found my friend is doing this or I can make a lot of money doing this or I saw an advertisement, I saw an email, and then they run into it, and then they get blown out of the water. Dan: We actually just had a discussion on that not too long ago, Dan, about, you know, when you try to copy somebody else's strategy, it's not your own, you don't have time and effort that you've got put into learning it, you're not passionate about it. So what you're saying makes a whole lot of sense. Like, yeah, you need to find the thing that speaks to you.  Allen: Mm hmm. And I guess, if I give you one more, it'll be that time goes by a lot faster than we realize, hmm. And so if there are people out there that have already paved the way, and you know, for a fact that they're doing well, then just do what they're doing, you know, or at least learn from them. Yeah, learn from, you know, if you can hire them, hire them, and just see what they're doing, learn, watch their strategies, and just do what they're doing. And hopefully it should work, right. And then you can tweak it once you do what they're doing. And once you're getting good results, then you can start tweaking it and be like, okay, you know, I'm gonna make it a little bit more conservative, a little more aggressive, a little bit this little bit that, but follow the plan first, you know, make it work, and then you add your own twist to it. We have so many people that come in, they're like, you know, I've been following you or I've been listening to you for two years. Okay, how many trades have you done? Well, not really. You know, I've been trying to do it on my own and watching free YouTube videos, like, Okay, well, you only get so far watching free Youtube videos, because you don't number one, you don't know how legit they're right? That's one thing. Anybody can like I say that, you know, any idiot can make a YouTube video. Allen: It used to be hard to write a book, you know, you have to go to a publisher get published and have references and all that stuff nowadays. Man, you put up a PDF on Amazon, it takes like a weekend. So don't be like, Oh, I'm an author. Okay, great. You know, everybody's an author. No. So it's really you got to be really careful of what you listen to. Kyle: Speaking of which, where can they find your book? PassiveTrading.com. Yeah, that's PassiveTrading.com. It's a free book, you know, just pay for the shipping, and we'll ship you out a printed copy of it. Dan: So PassiveTrading.com, we'll link in the description for that. Yeah. Is there anything else that you want to share with the listeners before we sign off here? Allen: No. I mean, it's been a lot of fun. You know, you guys, you guys are awesome. And I love it that you guys are honest. And you share the wins and the losses. Most of the time, you only see oh, I made 1,000,000% Oh, I made 20%. You don't see the losses, you don't see the the nitty gritty behind the scenes stuff. And you guys are showing that. So that's I love that part.  Dan: Well it's the same thing with gamblers too, right? You talk to a guy who goes to the casino and says, Oh, I won $300 last night. Oh, how much did you lose the night before? Yeah. Allen: Um, but yeah, I mean, if people are interested in Options, it's a great, it's a great way to add some passive money, you know? And if that's, if that fits, you know, it doesn't fit for everybody. Like some people, they come in and, and they're like, Yeah, I'm trying to do this, but I'm, I'm doing this and do that. I'm like, Dude, you're too aggressive. You know, if you want to be trading every day or every other day, then this is not for you. You know, find something you can do this part time, and then do with the rest of your time. Play something that fits your style more, but that's really important. You know, find your style, and then it'll just it just a whole lot easier. It's just which is way easier. Dan: What else can they, so we find your OptionGenius.com. You've also got your podcast. Allen: Yep. It's called the Option Genius Podcast. Kyle: Oh, hey. Allen: Yeah, we got really creative with our very own brains. Dan: All right, perfect. Yeah, we'll make sure we link all that stuff. Right. So if anybody wants to find out more they can check it out the description. Kyle: Yeah, yeah, absolutely. Thank you so much for joining us Allen, this has been a great conversation all of your your knowledge and experience has been a good time to listen to. We really appreciate you coming by the shop and talking with us today. Dan: Yeah, the hardships too, because I feel like you learn more from those sometimes.  Allen: Mm, yeah. They hit on the head. You know, sometimes you got to do it over and over again. Eventually, they eventually they sink in. Kyle: Alright, well there you have it, folks. We'll have all of that fun stuff in the episode description all those links for you. Any parting word, Allen? Allen: Just you know, I I tell everybody you know, trade with the odds in your favor.  Dan: The odds be ever in your favor. Kyle: It's like in the movie? Kyle: All right. Well, I guess it's time to kick everybody out. You don't got to go home but you can't stay here. Until next time. Happy trades. Allen: Bye, guys.   LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS  AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/  WATCH THIS FREE TRAINING: https://passivetrading.com  JOIN OUR PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance  Like our show? Please leave us a review here - even one sentence helps.

IN THIS EPISODE, YOU'LL LEARN:01:47 - Tom's billion-dollar entrepreneurial journey.19:12 - How to identify companies with high implied volatility and expected return and what that means.20:12 - How layering options on top of buy and hold strategies can help generate income whether markets are up, down, or sideways.31:54 - The optimal time to buy and sell an option.And a whole lot more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:TastyTrade website.Tastyworks website.Trey Lockerbie Twitter.Impress your audience and yourself. Enjoy presentations for free with Canva.Grab your favorite Liquid I.V. flavors nationwide at Walmart or you can get 25% off when you go to LIQUIDIV.COM and use code WSB at checkout.Invest in the $1.7 trillion art market with Masterworks.io. Use promocode WSB to skip the waitlist.Get $50 off your Drinkworks Home Bar this holiday season. Now through December 5, save $50 on the Home Bar with promo code HOMEBAR50.Have high quality, sustainably-sourced Wild-Caught Seafood delivered right to your door with Wild Alaskan Company. Order today and get $15 off your 1st box of premium seafood.Make your home safe with Simplisafe and get 40% off today. Indoor and outdoor cameras, comprehensive sensors, you name it.Learn more about how you can get started investing in some of the best cash flow markets today with Rent to Retirement.Get access to some of the most sought-after real estate in the U.S. with Crowdstreet.Be part of the solution by investing in companies that are actively engaged in integrating ESG practices with Desjardins.Earn 1-100% back (or a shot at a whole bitcoin) on every purchase with the Fold Spin+ card. Get 20% off the Spin+ annual fee for being a listener of The Investor's Podcast.Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.Transform how you drive business results and connect with customers with Snap AR.Don't let anything interfere with your happiness or is prevent you from achieving your goals. Allow BetterHELP to help assess your needs and match you with your own licensed professional therapist. Get 10% off your first month!Browse through all our episodes (complete with transcripts) here.Support our free podcast by supporting our sponsors.HELP US OUT!What do you love about our podcast? Here's our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Episode Summary:Elon Musk Sells $5 Billion of Tesla Shares$500 Shiba Inu Giveaway Guests:Ben Rabizadeh StoryTrading 10:00Vivi Biotech Queen https://twitter.com/Biotech_SD 24:00Zandy Forbes, Ph.D. President & CEO of MeiraGTx (NASDAQ: MGTX) 41:00Ronen Samuel, CEO of Kornit (KRNT) 55:00Scott Mathis, CEO and Chariman of Guacho Holdings $VINO 70:00Renato Capelj, Benzinga, Physik Invest 110:00https://physikinvest.com/Hosts:Spencer IsraelTwitter: https://twitter.com/sjisraelAaaron BryTwitter: https://twitter.com/aaronbry5Subscribe to all Benzinga Podcasts hereClick here for BENZINGA TRADING SCHOOL Get 20% off Benzinga PRO here Become a BENZINGA AFFILIATE and earn 30% on new subscriptionsDisclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.Unedited Transcriptwe got a lot of guests today. Here's that's what I said. Here's what we got. We got Ben from story trading in like eight minutes. We've got Vivi biotech, uh, or the Bio-Queen at, uh, 1215. We've got Zandi Forbes from Mira GTX. She's a presidency yet.We're talking gene editing at 1230. We got Ronan Senor from Coronet digital we're talking, uh, fashion and the fashion supply chain at 1245. Did I get all that right? As far as timing goes. Yep. We got Scott Mathis from Gaucho holding sicker V I know, uh, at one and that Renato, uh, Capella, he is a Benzinger writer and also does some really, really cool options trading on the side.Uh, he'll be on the show at one 30. So we got what we got. 1, 2, 3, we got six guests today. We have all that's a lot, frankly. Uh, maybe a few too many, but nonetheless, here we are. So before we get to those guests, uh, we're going to talk about what's what's moving. We're going to talk about, uh, crypto. We're going to do a guest that sharp sediment.Cause we got some good feedback from that yesterday. So, um, AB where should we start? Um, well, let's start with just looking at the overall market. Spencer. I see Christian in the chat asking who do we have on for a guest today? You just ran through them, but you can also check the description in the YouTube, uh, the YouTube description for the guests for the day.Um, and shout out to the chat yesterday. We had some good trade ideas thrown out in the chat yesterday. We did, uh, easy Mike was talking about Uber puts. I played those. They were up nicely. Um, and we were talking about playing Disney for a big move on either side. We got talked out of it by our main man, Nick Shaheen.But yeah, I don't know. Maybe we should have done it. Yeah. I felt bad about that one going and they got talked out of it, but, uh, you know, it was a pretty brutal quarter. So, um, anyway, I don't even know why I look at Disney it's in my never sell portfolio. That's my first mistake is don't look at and stuff and your never sell portfolio.Otherwise you're just giving yourself anxiety. Rowan DAS pips is saying audio levels. Are we good, Bruce? Or Ron? Are you awake? I'm here. Okay. Oh, he's coming through us through the sky. I did not know that was coming from Terminator. I'm hanging out on the background, like a good idea. Hey, uh, while we figure out those levels, if you all want to do a solid, as DK suggested and hit that like button ladies and gentlemen, we'd appreciate that.Thank you very much. Um, Hey, what's do a guest, that chart segment. We're going to start doing this every day yesterday. Wasn't it easy one a B I don't even remember what it was. It was D whack. Oh yeah. That was that. That was yours. Full disclosure, I guess the one today. No, because I changed it. Shoot. So beforehand Spencer showed me the guests that chart and I guessed it and he didn't like the fact that I got it so easily.So he went out and picked a new one. I don't know what it is. I went out and I picked her from, Ooh, this will be a good drawer. And then he gets to like right away. So it's not a firms that don't get that, um, drop your answers on the chat and whoever's right. Uh, email us afterwards and we'll send you some swag.Um, here is two days chart of the day. This is going back to like February, or actually this is going back to the start of the year. This is going back to the interests of the start of the year. Now I will give you some hints because otherwise it'd be impossible. I feel like, um, in some respects, this is a technology stock in some respects.Oh man, we can have a winner already. Holy moly. Christian Gallagher. Wait, it was PayPal. This is PayPal. How so are we looking at weekly candles right now? Is this a daily PayPal has gotten beat up over the past month or so it looks like, yes, it has gotten beat up is, is, is, is a nice way of putting it, but yes, Christian Gallagher.Did anyone yesterday? No, Frendo on yesterday. Christian email us shows app benzinga.com. Hey, why is PayPal down so much? Didn't they just announce a Venmo, Amazon integration. So yeah, you would think that tell me you don't own PayPal or maybe you do and you don't know it. Um, I think in my like real portfolio, the one that I don't manage it's in there scourge.It's too easy with showing prices. Well, that's an idea. I take the price off ridiculously hard, but we could do that. Should I buy? I like calls on PayPal. No, it's gotta be coming back up at some point, right? That's one way of putting it. Um, you want to throw out like, uh, you know, you want to buy the, the, the, the, the two 80 strikes expiring and like six months.Really worth looking at. I'm sure it's not very much money. I do think though we have to, um, you know, keep up, like if we start doing obscure biotech stocks, you know, it'd be nearly impossible. So what we'll probably try to stick to, I dunno, S and P 500. Yeah. That's, that's, that's a good plan. Stick to the S and P 500.So we're going to do this everyday. Christian email us shows up and it's going to come. We will hook you up with some schwag before we go to our first guest AB I seem working backstage. Let's do our first crypto update of the day. Sure. Yeah. So yesterday Bitcoin spiked on the CPI data and then gave up all those gains and more.Let's take a look today to see how the, the crypto markets are responding to that yesterday. Uh, we, we have a lot of people in the chat that have been asking kind of how are they supposed to be trading crypto right now? So I know you and I, Spencer are in that boat where we're just like adding Ethereum and not really touching it or selling it.I haven't even added recently. It's been a while for me. I hadn't bought a theorem. I wanted the board. So yesterday, w like I've mentioned, once that CPI data came out, Bitcoin spiked and actually hit brand new, all time highs, um, gave all those gains up is currently trading about $65,000 a coin down 4.8%.Ethereum is also down, albeit not as much Ethereum currently, right around $4,800. So we talked about that $5,000 level being a big level for Ethereum. I think once we see a theory and finally breakthrough that $5,000 level, we can really see it run. Um, but yeah, everything pretty much in the red, like you can see from this heat map Sheba, he knew though in the green up 5%, um, we're actually going to have a big Shiba Inu guest on the show tomorrow.Uh, his name is Ross. He was an early investor and also a kind of co-developer of Sheba. So he's someone that I think I can say confidently knows more about Shiba Inu than 99.9% of people in the world. Um, so if you're interested in Sheba or what's next for the coin tune in tomorrow, he'll be on about one 30, uh, Spencer, any thoughts on this crypto heat map?I I'm trying to get a link right now because we're actually doing a sheep giveaway. I'm trying to get the link for that. I don't have it handy, but we're giving away some free shipping. I hope somebody gets me that link so I can get it to you. Uh, that's my thought, my thought is no. I mean, Bitcoin is an inflation hit crypto isn't inflation, hedge.Um, I don't quite understand the why it's down like this today, but you don't. All you need to do is look at the reaction to Bitcoin at 8:30 AM. Eastern time yesterday, right? Inflation comes out. It's harder than expected. It's it's more than expected. What does Bitcoin do? It goes up. Mike is saying, Hey, be it.It's a good play. Definitely go for PayPal options. Um, so I don't know if he's, you know, facetiously saying that he wants to see me lose some money, but I'm looking at him. I'm looking at the calls. Um, but yeah, Spencer, like you mentioned get some free Bitcoin we'll we'll throw that zing token up real quick.Go to Voyager. You put in a hundred dollars, you get $50 free Bitcoin, if you use the code zing. Uh, so not a bad deal at all. I mean, who doesn't want $50 of free Bitcoin checkout Voyager for that? Use the code zing. Um, all right. Real quick before we get to Ben. Yeah. Yeah. And, and I'm going to post the link to the ship giveaway.Um, when I, once you find that I find it. Yeah, no problem. Somewhere out there, easy Mick, you might be the guy who knows technicals what they're talking about when it comes to technicals, I'm watching a. Dash, which has been up a lot over the past, I don't know, week or so. Is this, is this, this the kind of subtle head and shoulders forming on the, on the one day chart?I think we're looking at five minute candles right here. I see one shoulder here. This could be the head, if this is the, the second shoulder, um, you know, could it start falling down or should I be looking at some dash puts, I need someone who knows technicals better than I do to let me know if this is, uh, you know, I'm not a big patterns guy, so I'm not really know, but we have some people out there that are outsourcing.And I know, I know when I need to listen to someone that knows more than I do. Yeah. Um, Alvin say, and he's looking at Wayfair puts an ADSL. K what's ADSL desk. Autodesk. Yeah, by the way, I just put the link in the chat for the ship giveaway. There it is. There it is. You can't click it on the screen, but it's in the chat.I'm just throwing up there. So y'all know it is there. All right. Y'all so story train. If you guys have watched a show before you've seen Ben on the show, he gave us a E H R at, I don't know, four bucks, three bucks. What does it now? It's like, I like 20 let's check real quick before he comes on. He'll give us an update on AHR.Um, it's at $23. So let's see. I mean, it's, it's up. I want to say like at least 200% since he pitched us to us on the show, he's got a couple more stocks. We're going to talk about, uh, Should we bring them on easy MC RSI? Isn't it. If the RSA is 90, isn't that a sign it could come to? I don't know. You, you know, more about technicals than I do.Let me know. All right. Without further ado, let's go ahead and get BenOh, Ben, what was the, what was the price of AHR when you first came on the calendar? What's up guys? Yeah. When I first came on, the show was around $5, five 40, somewhere that somewhere in the low fives, I believe it was. Yeah. And when we first presented it to our VIP community, when I presented as a trade idea, it was $2 and 74 cents.What, all the way up to 27. So it was a 10 bagger if you captured that. And I happened to pretty much captured that I was done. I'm handing this from 2 74. I didn't sell my first shares until 16. And then, um, I sold a lot more in the, in the 20 to 25, 26 weeks and maybe even gotten a little bit at 27. So, um, yeah, I've got a few updates for you on, on that.And a couple other sucks. Yeah. You got a new background. This is the first time we're seeing this. It looks pretty good. Yeah. A lot more work to do. We got to get that our mikes and cameras and everything, but yeah, this is the first time anyone's seen this background. Cool. And you said too, it looks like we did.It took us far too long, but we eventually got it together. You get a zoom out so Ben can see our beautiful. Oh, wow. That's great, man. Um, all right, Ben, you want to go ahead and get your screen shared and we can go ahead and run through those slides real quick. I know we only got about 10 minutes, so we've got a few I'll work.I'll be fast. All right, there we go. All right. So yeah, first we got that quick disclaimer, we got to always do that. A story is not investment advisor and missing his spirit is in most gimmick where some losses of you who are new to store trading, what is associate is the practice of understanding market pricing.We also call that the story behind the trade through the four pillars, which we say are sentiment catalyst, fundamentals, and technicals. That allows us to take a holistic look at markets and make choices based on all of these factors, not just one of them. So air story, trade idea, update. I officially opened that in my community on July 8th of 2 74, I did close it on November 8th of 25, 79.I still own some shares. Uh, I ended up selling about nine giving 95% of my shares. Um, Monday morning was really the trigger for me and that's because I saw something, the technicals and also the sentiment, which caused me to say, let me, let me lock in these games. And the technicals last Friday was the.Solid green candle on the chart, you can go look it up the first solid green channel and then tire run-up, which, which means it started the day high and then went down lower throughout the day. And throughout this entire run, it was starting low and going higher throughout the day. I took that to be a reversal sign plus the sentiment, I think when reached peak Eby sentiment for now, for this cycle with, uh, Elon Musk selling shares of Tesla with the Caribbean IPO, with excitement, but Eby infrastructure.I'm trying to time that sentiment top. So I took my profits. I am keeping about 5% of my shares because it could go much higher still if they get the right contracts in the future. Got it. Um, so it took some money off the table, trim some of your position and air took those profits, never a bad move. Uh, Ben, what else?I was on your radar today. I wanted to give you an update on side, cause I was on your show. July 26, we presented this at $5 and 70 cents. Uh, this is stuff that's been up 66% since it was initiated in our community. At the time we said, Hey, T-Mobile's come in. End of month in August. It didn't happen then.But it happened last night. Uh, so a few updates. They have earnings last year. Um, so this T-Mobile deal came three months late, but it's finally here. Now, key, this was announced last night on the conference call only. There's no PR yet. So people who are in the know who are listening to the conference call, they have a big edge getting into the stock right now.Um, there probably will be a PR at some point in the future, and there's also tremendous traction with their other customers, 18 T and Verizon. Um, there was an upgrade today to $9 and I'm not even sure that Benzinga caught it, that upgrade by the analyst and $9 by lake street. But we think in our community, it can go much higher.Uh, there's uh, estimates out there in our community saying we can do go up to a dollar 33 DPS by 2024, which would be a $40 price target. So that's the update on SSI. You know, our investigative research worked and we're read about T-Mobile just a few months late. So this company is going to start printing lots of tests going to be a very profitable company.Do, do you have a target? Um, yeah, no, I don't have to stop losses. God forbid men. No, I do stories yet. I never do stop losses. So I've been holding the stock for like two or three years. I increase in decrease my position around catalysts. So, um, I was buying and after hours last night I bought a lot more today.It's now my largest position actually. And uh, I'm not going to put a price target. I see how it goes. I, I assess the fundamental sets of metallics and technicals on an ongoing basis to determine. There you have it. Yep. So I do have a new pig that I'll get to in a second. But before that, just a little quick alert, maybe something for you guys to look into and talk about, because this is a big kind of big cap for us.At $1.5 billion company GoPro. We presented it to our community Sunday night, um, because the fundamentals are super strong. They had earnings last Friday and we have anticipated a technical breakout of the 200 DMA, which just happened this morning. And this is really, it could be a really fun situation, wanted to bring your attention because it has, this has short and gamble, squeeze potential, very high, short position.He has sense of it has been very, very low, but the financials have completely turned around with this company and they're printing tons of cash. Now you see the technicals broke. The options are very liquid, very cheap. And if it gets into the right hands and the Reddit community, et cetera, this could be a crazy profit potential, you know, with shorten game of squeezes.So keep your eye on that. But go. So GoPro's up about 9% today on the strong earnings. Um, so I, I mean, I, I don't know, personally, Ben, if I'm going to go in and try to chase GoPro and it's already up 10%, but I, or 9% today, but I definitely like having it on my radar. Uh, J rice in the chat was also talking about GoPro saying that he thinks it could be a long-term turnaround play.Uh, I don't know. Munis has been one of those stocks that has just been like beaten down over time historically. Um, but you know, at some point I don't think you can ignore the fundamentals or Fridays when I got in added more Monday, uh, I got a little bit messed up on the options than playing the options.So I actually lost some money. Cause I got scared with the whole inflation thing yesterday, but I'm in it now and yeah, the sense of it's sport, that's the only thing people hate this company, but they're printing cash like crazy. The technicals are turning and shorting, given squeeze potential, such that this, yeah, my all hold back a GoPro has always been that.I feel like they have a very limited, uh, customer base, you know, it's like who, who who's going out and buying GoPros. It's people that take part in extreme sports, you know, mountain bikers, snowboarders, skiers, et cetera, outside of that. Um, I don't, I don't know how many, you know, everyday people are GoPro customers.It's absolutely correct. And I'm not, you know, I wouldn't take issue with that, but the amount of earnings they have like 60 million EBITDA this last quarter. And if you compare it with their market cap, I mean, this thing can easily be 17 bucks. Even with that knock against it. Got it. Um, I been, what else is on the radar?I have a presence. It's my first story. Trade ideas. Since air. I presented this to my VIP community last week. Okay. Listen to the presentation. Don't just jump into buying guys. Okay. Because of what happened with their, every stocks, not air, I can guarantee you, this is not going to go a thousand percent in the next three months, like heritage.Okay. So that sock is Gaia, ticker symbol, G a I a. All right. So we're going to look at it and yeah, it's a smaller company on the ground, 200 million market cap or so, but you know, what's the story behind the trade. That's what we're trying to figure out. And again, we look at the sentiment, the fundamentals, catalyst and technical.So let's start with the fundamentals guys, digital video subscription service, like in some ways like, like Netflix, they sell, um, they make original content for yoga, alternative health, holistic healing, nutrition. It's a monthly subscription service. They've been growing steadily over the last many quarters.They're profitable. Uh, fundamentally I think their inflection really happened to a quarter or two ago when they became profitable. And you can see some of the, uh, the trends here in terms of their, um, their revenue and their EPS, although in the right direction. So in our community, we collaborate with people who are really steeped in fundamentals, just charts, courtesy of Mark Holmes.He has a risk reward chart here in terms of what is the value of this stock and. You know, it's worth, it could be worth at least $17 a share. And the stock is very cheap here. So, so that's the fundamentals. You can check it out on your own. Go look at the earnings report and you'll be able to verify everything I'm saying about, uh, the growth and the subscriber growth and money they're making written it now.And it could potentially be, uh, you know, Netflix may buy them out one day. You know, there's, there's a lot of opportunities here. So, um, yeah, catalyst let's go to the next pillar. Uh, in these sorts trading four pillars, they had their earnings just recently, November 1st, it was 20, 20, 20 2% revenue growth, uh, year to date compared to last year Q3 EBITDA of $4 million.Uh, even a margin of 20% was their fifth straight quarter positive earnings in cashflow. Um, and then they had an additional catalyst the next day. So we'll talk about that catalyst in just a second. What happened the day after earnings, but first let's go to sentiment. So the sentiment is kind of poor with the stock because fundamental investors are frustrated at the price action.I know a lot of fundamental investors saying this should be worth 17, 20, 25 bucks. Why is it $10? Why is it moving yet? So I listened to other participants. I say, I talked to people in social media. I talked to people in my community. Why aren't you interested in the stock? And this is what I'm hearing.The total adjustable market may be too small. It may be too niche, their content. We talked about alternative medicine, yoga, meditation, and things like that. So it feels like I'm just not interested. It doesn't seem like a huge part. Other people say, Hey, the content, they have some content that's kind of fringe on their French content.Like some of that alternative medicine, there might be some videos on, you know, some vaccine hesitancy type stuff or who knows, like some things are it's alternative content, right? So some ESG, uh, buyers, uh, may stay away from that environmental social governance. So that's another knock on the sentiment.The other knock is this is just slow and steady growth it's and where's the hockey stick potential on that. So just remember, this is the poor sentiment. This is what happened. Going back to the catalyst the next day after earnings, after we know the fundamentals are great, the next day another catalyst hit the other, the catalyst was there was a PR that Demi Lovato became a brand ambassador for.And there was a press release that a lot of people didn't see a where Demi Lovato says I'm excited to be one of Dias. First celebrity ambassadors, and honor to join a platform. I've been a fan of for some time she has 118 million followers on Instagram. And the market cap is again like 189 million. So this company has been growing slow and steady.And all of a sudden, they hit you with this news of Demi Lovato is a huge mainstream personality, that and company, I want to go back to this. Airpoints the one thing I saw that the thing about Demi Lovato, uh, in, and I, I guess I didn't realize this was the same company, but like they got a lot of weird shit on their platform.And that was the sentiment I was talking to. They're saying, oh, there's stuff is weird. I just don't want to own this company. But you know, I think that, you know, they're growing steadily, they're getting to a place where they can really focus on growth now, and to me, and let me go back to that bad point.You just made that pinpoint. You brought it up for me, right? Yeah. They have weird stuff. It's too niche. The French content. They keep some buyers away. But this is where I think that Demi Lovato news is really significant because they're in a financial position now to really grow the company. And to me, this signals.And in fact, in that PR said, I'm excited to be one of guys. First celebrity ambassador, And I have a feeling this company is going to start growing their content and start getting into more mainstream content. And based on what you're saying, I think they may be looking for more celebrity ambassadors.And it's just a great situation because the downside is so limited. You have a fundamental floor here and now you have optionality upside. If the company starts doing things to get that hockey stick growth potential. And that's why I really add it to my position here. And I'm very excited for the next several months on this stuff.Um, let me just go to the last or technical resulted with her awesome technician Rex. And this is a monthly chart is saying, uh, this can go to the twelves if it breaks out of the yellow.here, which thought is that shorter than I think the current breakout circled right there. It's got a breakout of, I guess, 10 70 area.He thinks it can go to 12 for the month. And here's another view which looks much more bullish. This is a long view of the monthly chart is a sometime in the future. When the 12 to 13 breakout at the blue line, it should proceed to break out the all-time trend at the white line. And he thinks this is a several month play for that to happen, but you can kind of see where this can go.Uh, if that happens. Uh, any questions on that or any of the other stops, man? I didn't see this one coming. I didn't realize this. I read about this company and I was like, man, I didn't even realize they were a public company until you came on here. So, um, I'm all I'm putting two and two together here. Uh, Ben, thank you as always for coming on the show, we appreciate it and uh, and have a good rest of your day.Please follow us on YouTube. Thank you guys. Thanks a lot, Dan. We got to get moving. We got our next guest. She's already here. We're going to talk biotech guys. I know that we, we always get asked. We always get questions like when's Vivian. When's Vivian. When well she's on right now. Not right now. She'll be on in like five seconds when we bring her on.But Vivi Bio-Queen will be joining us every Thursday. At this time, I told you all to save your questions for your bites. The questions for right now, let's bring her on Vivi. How are we doing today? Good. How are you guys? Can you hear me? Well, we hear you. We see you and we have questions. Oh, awesome. And before we do any questions, I think, um, we can do some updates.I did have a request on Twitter to cover it stock. Um, like at my old good lawyer friend, mellow at Twitter, I, this is out for entertainment purposes. So, uh, is only my opinions are for entertainment, purpose, not a financial advice. So I wanted to, uh, first of all, um, talk to you guys, um, just given up a date, we just had the, uh, ER, on KMP.H can you guys put that up over there? Yeah, this is a daily chart. Okay. And P Hit's quiet. So, yeah, so we just had the ER and I want to, so when I, when everybody kept asking me, like, what do you, what are you going to do for 'em? What are you going to do for K MPH? My position was this small because he is a, some of the concerns I had. I spoke to the manager and he interviewed me. And, uh, he said, you know, we're not going to put any reps in New York yet.And it's just going to be certain regions in the United States. And for me, it showed a little bit of a weakness because for me, if you launching a drug, you should have put reps all over the map. But I think they're just trying to be cautious. So they report around like, I think 2 million in revenue, but here's what I'm bullish.Now. They just launched the rest of the Salesforce. And this company here, you know, their burn rate is really, really small because Korean is doing all the selling. So the burn rates is like a million a quarter and they have a, still have 135 million. And he is what I'm bullish of. Um, there's a company that sells a scripts and there's a guy that, uh, his friend works for this company and feeds him all the script.So for you guys to have an idea, right, the, the feedback has been amazing. So July, they had a nine scripts for the monthly and then August, they had 173 scripts, um, September 416, October 886, still low because there were not out throughout the nation. But I think the feedback has been tremendous from psychiatrist, from the drug and the differentiator.And I feel like as they deploy, uh, the other sales reps, we going to just ramp up the sales. So I feel like at this moment, I wanted to add a little bit more to my position because I, I see the future being very bright here, KMBH. And I think that, um, we gotnot yet. Not yet. I, I should have now I have an, I am waiting for some of my swings to flourish, so I haven't been able to, to add, but I wanted to for sure. Okay. And then I want it to put you guys out. Somebody asking me to, uh, to, uh, cover a, uh, a N N S. Hmm. Okay. Now I want I'm familiar with, but it is biotech.So it's a biotech it's under the radar. So I wanted to explain to you guys some of the reasons how I invest in biotech, and I told you guys, if there's no commercial products, there's, there's got the most important thing you can look at is cash, right? Because if you don't have a cash, no product, are they going to burn too much?And they also gonna have a, to do offerings. And if the stock is low, they do reverse the split. So the first thing I do is to look what was the cash burn and how much cash they have left in a would the future and what the catalysts are going to be. So this company here, the first thing that got me to, to look at it was they have a $271 million in cash.So they're really the city really strong. So I thought that was a really, really, uh, um, uh, valid, uh, information, very important. Then I look at a financial institution on. EVestment, which is a goblin, was the director of FDA is a partner on their firm. So they own 2.5 million shares. So I thought that was another very important information because goblet is well connected to FDA.Not that you know, it nobody's going to be bought out, but when you have investors that work with FDA, they know what it takes to, to be compliant, to get a drug approved, right. Because it's just so much behind to get a drug approved. So manufacturing, you know, how the studies are designed. So I like the fact that there's Nia investment behind.And then I also know VOD is, oh, 2.1 million. So Novartis has some interested and, and the pipeline, it looks really, really amazing is all CNS, um, uh, and mass. Um, they're going to have, uh, Gilliam Barre syndrome, which is a very rare disease. So I really like this company. I really do. I, I'm not, uh, obviously I can't be in every single stock.Uh, but I, I, I, I think this is a really good a long-term, uh, stock to hold for sure. So that would be one. And then if you can, um, bring back, uh, pro GPRO G we have a lot of fans PRG. It's like almost like a min stock, but also a really good stock to hold long and, um, really. Yes. Yes. So, so what, what do you see that the market doesn't see, um, what I see that the market doesn't see.Um, I will tell you why this company is going to be huge. They have a two types of, of delivery system. They have a, um, on, I'll tell you guys, they have a two to two technologies and I wanted to bring to you guys, let me see. I can share a screen. Okay. But I have it here right in front of me. So they have two things.They have the OBDs okay. Which is oral Biotherapeutics delivery system. So what it does is, is able to take big formulations and put in a form of a pill. So for example, Humira is one of the biggest blockbuster drugs in the world. If they found a $10 billion. So you imagine if Abby, I think Abby is a Humira honor.If, imagine if Humira is loses patterns and five years, right. And all of a sudden, because doctors love the efficacy of this drug, and that's why it's so well prescribed. Right? But it's an injection. Imagine for this company sell their technology. And all of a sudden you can have a drug, like a Humira being, um, given orally, all of a sudden you create a whole new patent for that drug.Do you follow me? Because a different formulation. So all of a sudden you gaining another 15, 20 years. I have a patent on that drug. Now imagine how many pharmaceutical companies would have be jumping all over because they like, geez, I have this, this drug that's high formulation. And now I have a, I would love this drug to be an oral form because patients do prefer to be an oral form.So I see, um, they announced that they have three partnerships with the big pharma, but they have announced who, so everyone is kind of on a suspense, like who are going to be the big pharma. So they have, uh, right now with the Pfizer there, just to have an idea, they, the not only the delivery, the delivery system does this to the big formulation, but also one of the drugs of four in any boat to the second one, the oral bio biotherapeutic delivery system.The OBDs, what it does is it's designed it to, to, um, to take it a pill and the pill, the way this delivers it, doesn't go all over your bloodstream. So it's it's for the GI tract. So is GI specific drugs and there's one. For for, for, uh, uh, Pfizer they're there. The preclinical, what they found was not only that, that would their delivery system, that drug was 25 times more potent than the Pfizer drug, but had a no toxicity because it doesn't go to the bloodstream.Like the other drugs would go. So you have a less toxicity, less, less side effects. So imagine what they can do if they already doing this with Pfizer drug, they're studying the Humira. Imagine like for me, this drug should have just literally like get royalties for every farmer, choose the technology instead of it being bought out.Right? So I believe this, the future of this company is super, super bright. Uh, you know, it's heavily shorted. So I think that a lot of people are here for the, the, the, the gum is squeezed because if you look at the amount of, of, uh, of, uh, options, that the options chain is crazy, uh, for this, for this company.But I, I will, like, I have a big position because I wanted to, you know, to trade around my core, but it's some, it's a company that I wanted to keep it. And, um, and a long term, uh, option, because I feel this company is going to be huge. So they just appointed also geo hall, believe it or not do, how do you, how, um, she's in a board of directors and this woman, it's like a powerhouse in biotech, a friend of my work.As so maximum, so messenger gas sold. So she comes in with a lot of experience in pharma and a lot experience in acquisition. So, uh, the team is fabulous. They are four miles away from my house. I should have just bring them a bottle of champagne when we hit $10. But I believe in this company, this company has a bright future and that, um, right now there's a lot of people on it, you know, waiting for that short squeeze.But, uh, it's been keeping really it's being holding like it dipped to, to like 2, 3 0 3 today and it went right back up. So it's been keeping, you know, I think the short sellers were expecting after der cause you know, there's, you know, a yard for a state, uh, initial stages of biotech doesn't produce revenues.Right? So it, it dipped to fund 360 2 all the way to three, but it's been holding for weeks at that average. So people are not selling people believe in this company for sure. Uh, can I ask you, what do you, what do you get, do you have any favorites in the, in the gene therapy space? I do. I, um, I, uh, I, I'm a loan holder for ADP and they have the, uh, it's one of the car T therapies, but it's not the car T is the RTC, uh, ADP.And, uh, the reason I like this company is, uh, not only they have a partnership with Genentech, uh, the Genentech partnership is up to three. And, uh, they already have enough funny from Genentech cause they got, they gave them a prompt payment payment. They have funded into 2024. So I feel like this is a very safe play in regards to not having offerings and that they are sitting with 285 million in the bank and they do have, uh, some, um, some, uh, catalyst coming.And, uh, I, I believe this company will be a multibagger on day, you know? Uh, so it's one of those that you set and forget it, but I like the position of cash because it gives me the comfort that they're not going to be throwing in offerings after a big catalyst. You know, they, they have they're in a really strong position.And when you look at, uh, um, institutional ownership matrix, all 15 million shares of this company, baker brothers owned 18 million, the institutional ownership. It's so strong in this company. And obviously Jen at that has a huge, huge portion of the company and has their eyes on the company. So, uh, this, this is a big one for me.I got to ask you about, about BCR X here. That's the rule. Every week we got to talk about BCR ex of course, it's this year access to my unicorn. You guys, for sure. So, um, it's, it's funny. I held this space as on Twitter yesterday, and I was talking to a pharm D you know, I do respect, they have a lot more knowledge than me, you know, uh, in terms of a clinical.And he validates my position on the CRX and GRTs, which is great stone. And he says to me, you know, be CRX is, is a rare diseases monster in the making. So they, um, they just released the earnings. They put 38 million for the quarter, and people, BU people were really upset that it wasn't 7 million like this huge numbers, but for the mentally long-term, it's still there, right.Because the science hasn't changed. So I see this as an amazing opportunity, uh, if you're not in the CRX, but, uh, just, you guys have an idea. Uh, the biggest drug for, um, for Alex yawn is, uh, Alto Morris. And they are not even that good because it's not only an infusions for PNH, but patients still need transfusion, uh, taking this infusion every eight weeks.Uh, BCRA X has the competitor, which is going to be an oral oral, uh, competitor factor D and not only patients that have been on this study up to now, not only they jumped from phase one to phase three, because they did so. Patients to this date. I think there's 40 weeks, 30 weeks of, could it be this fusion to this date?So imagine having a drug that is, it's already a rare disease for PNH and patients only at the choice on the available is in Jackie, no infusions. And you still have to go through the transfusions. Imagine having an oral pill that you don't have to have a transfusion at all. So just make them do the math and Alex, the on 70% of its revenue, 70 was on PNH for this drug and they got bought out for $39 billion that would have put the CRX at a $230 a share.And B CRX has a better pipeline with a more potential and it's going to be all oral. So you guys do the math, if you don't think this is a monster in the making. Alright, Vivi the bio queen, she joins his every single Thursday at biotech. Underscore SD is for Twitter handle it's up on the screen. And uh, and then please.Yeah, please, if you, I will post my DD there because this is a very short, so you guys searched the bioclean on Twitter and you can find me all right. Thanks a lot. Viva, talk to you again next week, next week. All right. Uh, Hey, let's stick with biotech for a second here because our next guest is the CEO of a gene editor.Company, hence why I asked to VV about that one to get her thoughts. So, uh, if we can, let's go ahead and, uh, and, and, uh, bring her on guys. Andy Ford. She's the president CEO of Mira GTX. His company is a lot going on right now. They're at a very critical point. So let's get Zandy onum, Ford,by the way. Yes. Thank you. Thank you. Where we're actually, it's on our to-do list to get new music, but, um, thank you for, for, for the compliment. Uh, so as I said, it's a pretty critical time for, for mirror DGX. Uh, you guys just presented at, uh, uh, the virtual, uh, oh gosh, uh, the European society of gene and cell therapy Congress, right?Uh, yes, we did add three abstracts. Yes. Right. And then there's a, we're due for another, a little bit surprised when I found out you're on the calendar. Cause I thought you guys, you have another, uh, presentation coming up in a few weeks. I, I, I think I believe right. We do. So we have, um, quite a number of presentations in the second half of this year, uh, which included, uh, some presentations at the meeting.You just mentioned on our programs and our switch that allows you to switch gene therapies on and off with a pale. Um, related to what video was just talking about, actually, that's what I do want to talk about. I'm sorry about, and then, uh, at the beginning of December, we, uh, having a clinical update on our xerostomia program for patients who've been cured of had a neck cancer, but don't make saliva.So we'll be completing that study this year and we'll be updating on the clinical progress so far at the beginning of December. And then a couple of weeks later in mid December, we're having a science day to discuss in some more detail, uh, Ribas switch technology and our promoter platforms, which allow us to really optimize gene therapy.And for the first time switched gene therapies on and off with an oral drug and not just switched them on and off, but quite precisely dose the amount of gene therapy at a particular time with a dose of an oral pill. So let's talk about the switching via via pill. Yes, exactly how that. So obviously gene therapies are a virus which contain a gene and there's a coding sequence of the gene, which will make your protein, whether it's Epogen for example, or whatever, uh, gene therapy, it might be RPG or for the eye.And that gene is activated by a promoter, a regulatory sequence at the beginning of the gene. So that's the normal gene therapy promoter and a gene, the promoter switches the gene on, and it remains on for the rest of that patient's life, all that sells life. So you have persistently expressed gene therapy, but what we've been able to do for the first time is we do everything.I've just told you with the promoter that regulates the gene therapy and switches it on. But on top of that, we put into the gene sequence, a small sequence of DNA, which instructs the entire RNA produced from that gene to degrade. However, if we give a small molecule, but via pill, and we've got many small molecules, because we've developed this as a platform, it stops that degradation.It cuts the entire degrading sequence out of the gene. Produced RNA and you'd get the gene switched on as if it was never there. So for the first time we can deliver gene therapies, which are not on, so they're not producing weird proteins or bits of proteins. And we give a pill and bomb that I'll call it.The degrading signal is cut out of the RNA and you get a perfectly normal protein product.I guess I have so many questions. I don't even know where to, I like that all sounds incredibly complicated. Um, I guess, uh, how can you make sure that it works? So it's, we've when we set up the company, this was one of the technologies that we, um, we wanted to build and these switches made of RNA shape.There are thousands of them and bacteria. And for, for decades, people have tried to take bacterial switches and make them work in human cells. And rather than doing that, which hasn't worked very well. We built, we use the theory of Reiber switches and we built based by base our own switch. So we built it in mammalian cells.We then tested many switches and we have a platform of switches we can control. We were able to make these really simple switches, which switched on and off to high dynamic range. So 5,000 fold above the off level when they're switched on. And as a consequence of that, we were then able to change the drug that we activated with.So now we have multiple genes that we've put our switches in sitting in our freezers. So, uh, various antibody, PCSK nine antibody. You'll be aware of, uh, PD, one antibody, the, the very large drugs we can regulate. And then other drugs like GLP one, obviously a diabetes and obesity drug, which we can regulate.So we've got those genes and we can now put them into vivo in mice and NH PS, and we give those animals small molecules and we've already shown. Based specifically on the dose of the small molecule, we see our drug switched on to exactly the right level in each animal, depending on the dose of the small molecule you give.So we have built this over the last five years and we have moved from cells to mice, to non-human primates. And we're currently in a position to start doing I N I N D enabling studies for both the small molecule, all drugs and the genes that they regulate. Uh, and then as far as use cases, I know you're working on, um, you know, you're working on applying this, um, to, uh, I disorders, right.Uh, but is that the only use case right now? Tell us about the other one. No. So, um, we developed this technology of controlling gene therapy with a pill in order to much more broadly open up the space that gene therapy could be used in. So. We do have a lot of expertise in the eye and a partnership with Johnson and Johnson for our rare eye disease programs, but in diseases like wet AMD or dry AMD or uveitis, those large diseases.These are targets for regulation with our cassette and small molecules. In the case of our wet AMD program, we inhibit VEGF like other companies do. But what we're able to do potentially is when we put that gene that blockades by Jeff into the eye, we can formulate one of our small molecules. That's otherwise oral into eyedrops.So what we're working on now is turning our small molecules into eyedrops. So we can put a wet AMD drug or uveitis drug into the eye as a gene and switch it on each day with an eyedrop. So the eye is an excellent place to be able to regulate gene therapy with a small molecule, another place, which is really important is in the brain because it's very difficult to get antibodies or biologics across the blood-brain barrier.But what we're able to do potentially is we have regulated antibodies and we can put the. By an injection into the brain, just a one-time injection within the blood brain barrier. And then all you need is a pill which crosses the blood brain barrier. So it allows us to deliver drugs that really hard to deliver by other routes.And there are many, many more applications. It, it hugely expands what you can use gene therapy for, because for the first time you can control how much you gave. And at what time, uh, it seems like broadly speaking Zandy, um, gene therapy, like what, like as an investment, it was like super sexy a couple of years ago.Right. And then it sort of, it was super hot and then came down a little bit and was like, oh, wait a minute. This is still really days. Where, where are we now? Are we like back to, is gene therapy being like the hot, the hottest topic in biotech? Or, or are we still sort of, is it like the off cycle? I dunno how else to phrase it?W well, I think there are, there are many different gene therapy companies and there is cell therapy companies. There are very, very large number of, of, uh, therapies in the genetic medicine space. And, um, and there are some companies that just have a product or a platform or a particular organ that they focus on and that.Is a somewhat higher risk to those companies that depend on data around a particular study, right? What is quite different about mirror is that we established the company to really innovate in gene therapy and shows indications in the clinic that had good proof of concept and highly likely to work and to support a future pipeline.We built everything you need to be a gene therapy company in-house so we have multiple promoter platforms, multiple capsid discovery efforts. We have our own internal manufacturing, which is probably the broadest engine therapy today in that we manufacture our own GMP plasmid. We have two, uh, viral vector manufacturing facilities, which are flexible and scalable to commercial scale.And we do our own QC and analytics as well as potency assays. So we have a very, very broad, I suppose, toolkit that's required for anything. That you need to do in gene therapy and went out, positioned with this regulation ability with a deep pipeline of regulated genes that we can then take through to the clinic with our vector ecology and our own GMP manufacturing,not of the regulatory by putting all that in house. I was just gonna ask, as, as we get more developed in this space, like Spencer said, it seems like a couple of years ago, you know, that the gene editing space was huge for investors. Uh, what advice would you give investors that are looking at different, uh, you know, genomics companies to, to be able to discern which ones are going to have an advantage in the, in the field once the industry does become more hot among investors?Again, I do think that right now, manufacturing is not just a bottleneck with respect to capacity, but, um, Dealing with regulatory agencies globally and an expertise in manufacturing process. And, uh, and the assets required to show the release and stability of your products is very, very important. And to be able to either have that, to have as much of that as possible in house dearest clinical programs that you'll see, particularly if you have those sorts of capabilities at the time of D you really don't want to see companies that are starting manufacturing their product in one way.And then at phase two, switched to another way and then have to scale it later. Ideally, you would look for companies that have capabilities that allow them not to necessarily rely on CRS for plasmid manufacturing or in DQC. And we learned that over the last five years, it's one of the reasons we've bought, uh, so many of these capabilities in house, but I do think that's very important.Um, in addition to obviously, you know, do the targets work or is this, is this an appropriate, um, disease for gene therapy, the nuts and bolts of being able to produce and show the agencies that you've produced the right thing, a really important. Zanni Forbes is the presidency of Mira GTX. As I mentioned, there's a lot going on.You guys also got some positive in Canberrans over the weekend and, uh, uh, a lot of presentations after being in stealth mode for quite some time. So, uh, looking forward to seeing how things develop here and, uh, and, and, and good luck going forward. Thanks a lot for coming on today. Thank you so much. All right.Hey, w we got to keep the train running on time here. We've got so many guests today, back to back to back to back let's pivot. If we can, maybe we just spent the last half hour or so talking biotech, uh, let's pivot to like supply chain, specifically, uh, supply chain of textiles, right fashion. And what exactly is going on there?What to find out? We're going to bring on our next guest here in just a second and running Samuel. He is the CEO of a cornea technology, and, uh, let's bring coordinates and a Ronan. W that's been running on this show. Now, if we can guys, I guess I'm Spencer, I guess I'm doing that. All right. I got you right.There you go. Good morning for us this afternoon for you it's later on in the evening. So I appreciate you, uh, coming on, uh, the, the, uh, the show here today. So, uh, let's talk about textile supply chains, right? Uh, what exactly is going on there right now are things as bad there as they are in other areas of the.Well, um, yeah, it's bad. And it has to change the supply chain is broken, but even more than that textile industry and fashion industry in particular is the second most polluted industry in the world. Um, from different reasons. One of the reason is that 30% of whatever put use on textile is actually never been sought.Uh, and this create a huge amount of waste, both of materials and water, and we have to save the world. Um, uh, so we have to change the industry. Now, the reason for that is some of it is because the supply chain of today doesn't meet or doesn't fit the need of the consumer of today. The supply chain of the textile industry is like centuries ago, you produce in large quantities in forest, in China, in Magilla dish, you trying to forecast what the consumer, what the people would like to buy a year in advance, sometimes 18 months in advance, which is impossible.It's crazy to think that you can predict what the consumer today would like to wear in a year and a half from now. So we have to change it. The world move to digital in many, many industries. And in this industry is still fully. Yeah, I'm glad you brought up the, uh, you know, the environmental impact of the textile industry, because that's something that's gained a lot of attention over the past year or so.I mean, you have a quote unquote fast fashion companies, such as sheen and people have kind of started attacking the, the idea that, oh, buying, you know, a cheap t-shirt for $15 or some pants for $15 that you see an ad for an Instagram, uh, causes a lot of environmental distress. So what do you think needs to be done in the industry to address that?So they, this would need to change in order to try to predict what the consumer would like to buy and put, use Lauder moms of products, which will never been sold is to produce, to demand, to produce after the consumer.But that's not efficient. I mean, it you're saying it is, but that's not a necessarily inefficient use of capital though, right? No, no. It's, it's actually a very, very efficient, um, hold on, explain to me, explain to me, yeah, let's begin with, first of all, what we see that production is really moving on shore.Why it's moving on shore, not only because the, the, the supply chain is broken because you have to be closer to the consumer. You have to react fast for the consumer trends. Now, the world of fashion and textile move is moving online today. 30% of all purchases being done online. So e-commerce the focus by 2025, that it will be more than 60%.Now, the online the e-commerce of today is still trying to sell you what they have in the inventory or what they have in the shops, in the stores. Uh, and if you going to order products, sometimes it does not exist at all. Um, and uh, sometimes, um, for the brands is really, really difficult to. Okay. Can you hear me okay?Yeah, we, we, you we're fine. We just got disconnected, but we're back. Okay. So, so I missed everything you just said. Okay. Okay. So let me try to explain again. So the world is moving digital. What does it mean? The consumer today's buying? So e-commerce online. 30% of all sales is being done online and the focus by 2025, that it will be 60%, but the online is today's actually a mirror of the store.Doesn't allow you to choose your product. They're trying to sell you what they have in inventory, which doesn't fit what this consumer would like, what we believe needs to be done, that the online should be filterable. You shouldn't have any real physical products. You can have endless amount of product virtually and connect the virtual wall to the physical world.And this is exactly what committee's doing is enabling on demand, production. You order what you want only. Then you produce it. You produce it close to the consumer. Onshore and delivering, you know, the same day on the next day to the consumer, the product, I feel like this is I'm in now. It sounds great. I think that, but that's like, that's more difficult, right?Well, I give it a few examples. Well, one example, great example. Thinking about the books book markets, um, back at 25 years ago was fully analog. You went to a bookshop, you tried to buy a book. You only have them, the shelf, the books that we're selling in millions of copies, Amazon disrupt this market. They created a digital world.You could go to Amazon buy any type of book, even from 200 years ago. But what they create is actually much more, the impact was much more than that because now everybody can become a writer. You can write a book about your family, about cooking, about anything you like, you publish it. Virtually doesn't cost you anything.Only when someone is ordering, then you print it and send it to the consumer. So the same thing is happening now in the fashion world, you don't need to have it physically. You actually unleashing creativity because you can have endless creativity and each one of the consumer can choose whatever they want in any Colleen, any design.And once you choose it only, then you produce. So this is efficient and there is no way. And you produce it using coordinate technology, which is a fully sustainable green technology. That was my next question was just if you to clarify that, so I come up here like Amazon, for example, uh, could have used your technology, right.Or, or any retailer, right? Could just buy your technology and, and use that along their supply chain to make it more and more green, more efficient. Right? Actually, Amazon is our biggest customers. Okay. Amazon is our biggest customer, but we have many, many more customer. We are worth more than 1000, 300 customers that using our technology all over the world.Some of them very big companies like Amazon, like Adidas, like fanatics, but using our technology. And you can go online and order products and customize the product and order your t-shirt here. You can see with coordinate on top of that or on any color, any size, any shape. And this is the new world. Look what the world is moving into.What is moving into metaverse. So metaverse is everything is virtual. You will have. Your image in the metaverse. Yeah. You will be able to dress it as you wish with any, any type of, of, of goods. Uh, and only when you feel that you lack it, then you order it and then it would connect it to the physical world, which will be big produce next to you.If you are in New York, it will produce in New York. If you are in Beijing, will be produced in Virgin and shipped to you the same day. So the impact on the environment in terms of sustainability is huge and their efficiencies and believable, and the creativity is unleashing the creativity for the designers and for the brands.W why is no one else doing this? Or are they well, uh, there are some, uh, companies, our customers that using our technologies like Amazon are doing it. If you go to Amazon and you're doing what you're doing, right. That's what I meant because, well, we are kind of unique festival in terms of the physical world.We out technology, what we have developed is systems Inc services that is all sustainable, which are digital systems that can produce one off. If you want it to produce a t-shirt or any, any government or any fabric in the, in, in the past using analog technology, you had to print where to produce hundreds of meters in order that it will be economical and.The sustainability impact is huge. Um, there's a lot of pollution and consumption of water for every meter without technology, because it's digital, you are not limited. You can print one t-shirt, you can print one meter, one fit, there's no limitation and every feed can be different design. So this is the advantage of digital is unleashing the limitations that you had before, and we are not using water.So there's no, there's no water consumption. It's pigment ink. So it's fully green. So no impact on the environment. So like who couldn't use corny Amazon obviously, but they're the largest retailer in the world could, could, could I use it on my online Shopify store that make, that sells? I dunno, 10 shirts a year.Exactly the point it's off form. The biggest retailers, biggest e-commerce biggest brands like Adidas, Nike. They of course can use it to anyone, any consumer that would like to open a shop in Shopify. Now, what is the problem with Shopify? If you are now at this time? And you see somewhere in India and you would like to, to sell your product.You open the shop in Shopify in five minutes, you put your design, what is the problem? Once you get the order, what are you going to do with it? How are you going to produce it? Are you going to ship it out? We can compete against other marketplaces. What call Nita Naples is to connect all those and marketplaces all those designers in to a network of fulfiller that can fulfill for them.So you need to take care of only on the design, open a shop, and then connected to Coney ticks. And kinetics is a platform that connect them to a network or fulfiller that using our technology and can produce it anywhere around the world. And it sounds good. The market clearly likes it. Cause if you, if you look at your stock, it's had a pretty tremendous run actually, even, even last year, uh, seemed to, uh, COVID, didn't seem to hold it down too long.So, uh, the market agrees with you. Uh, so I, I guess keep doing what you're doing. Uh, running Samuel was the CEO of, uh, coordinate, uh, digital. Uh, we will have to get you back on the show. Uh, hopefully, uh, now maybe next year when, when the supply chain starts to work itself out a little bit, but I, I I'm, I'm very curious about this space because, uh, you're, you're one of the best performing stocks, uh, I think out there probably right now.So, uh, Ronan, thank you so much for coming on the show today. Thank you very much. Pleasure being here. All right. Uh, it is, uh, 1259. We've got our next guest coming on in couple minutes. Whenever minute when it, whenever they join, to be honest, cause they're not even here yet, but that's okay. Uh, Scott Mathis is the CEO and chairman of Gacha holdings, ticker V I N L a.And then we have, I'm very excited for our one to 30 guests, but we're not a Capels from Benzinga and, uh, really Benzinga is, is a side it's his side gig. His main gig is, uh, is doing really complex. Trading stuff, strategies. So, uh, I'm, I'm very, I'm very much looking forward to that, uh, in a half hour. Uh, if we can think of who executive though, and I have not grabbed, voted for likes yet this hour as we enter our two of our show keyword yet, uh, if you could be so kind and hit that thumbs up button on your screen, I'm not sure where we're at on the light counter right now.Let's look, we're at the de come on computer 74, 75. We can do better than that. We do over a hundred easy, easy. The goal for the goal for the day is 200, but we can get you a hundred right now. I suspect. Yeah. So before we get to Scott Mathis with a wild show holdings, um, the, uh, the previous guest, I liked that idea of cause basically what he's saying is that companies now are producing clothes for a year down the line, right?But they don't know what's going to be hot on Instagram and Tik TOK and what the trends are going to be efficient. It's not efficient. So what, what he's saying they're doing is waiting and basically it's print on demand, but on a huge scale, like what Shelly was talking about in the chat with the economies of scale, they're able to produce, uh, the goods for cheaper when they're doing it on a large scale.If everyone, if they're, if their technology is able to kind of shift that whole industry, it would have a tremendous impact on, uh, the environmental right now, the negative environmental impact that the textile industry has. Another fun fact. Spencer, did you know this, that a lot of luxury brands, um, such as, you know, Gucci, Louis Vuitton, do you know what they do with their extra extra goods?No, I don't want to say something that's politically incorrect, but I know I have no idea. What could, what would the, I don't know. They, they, they, they give it the, give it to animals. I don&

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Allen: Welcome passive traders. Welcome to another edition of the podcast today I have with me my good friend Alex. Alex is one of our graduates of our credit spread Mastery program and I brought him on to talk about what it was like in the program, what his results have been, and what he sees for the future. Alex, how're you doing today? Alex: I'm doing great. Allen: Awesome. Awesome, cool. Can you tell us a little bit about yourself, you know, how you got into options, what you do full time, all that kind of good stuff? Alex: Sure, I worked in the corporate world for about 15 years and always invest in real estate. And in 2015, I left the corporate world to focus 100% on real estate. But as far as option trading, you know, in real estate, there are lulls in activity, you know, whether you're caught up in in building and planning, or, as we were discussing earlier, there's a global pandemic. So the Option Trading provided the prospect of additional streams of income. So I had a good friend that actually a family member has been trading options for decades. And he kind of figured out all the stuff you figured out, and they told me about it. And they basically said, Hey, there's this guy, the Option Genius. Of all the crazy programs and snake oil salesmen out there, you know, they said, This guy's he knows what he's doing. His strategies are legitimate. So that's how I kind of got turned on to your stuff. Allen: Awesome. Sounds good. So basically, it was I mean, you're in California, you know, I know you're doing well for yourself. It was basically I need, I'm gonna diversify income, and I'm gonna just try to learn this new skill, or was it more to it? Alex: No, that's exactly it. I mean, we have multiple streams of income. And we're always looking for additional streams. And this, again, based on the family friend that introduced us to you and your program, and this style of trading, we just seem like a very viable additional stream of income. Allen: So you're not looking to quit what you're doing and just go full time trading. This is something in addition to what you're already doing? Alex: Yes. Yeah. But not not yet. You know, I started out I did your program. I started out slowly, I started with the paper trades. And then.. Allen: Well, that's because you had never traded options before. That was your first time doing anything. Right? Alex: Exactly, exactly. I never traded options. I mocked around in the past with securities, but you know, probably lost a bunch of money doing it. So you know, this is really my first introduction to Option Trading. Allen: And how did it go? Alex: I think it's gone great. I've learned a ton. So like I said, I started out with paper trading. And then probably the end of March, I started with my real trades, I can tell you I did since the end of March, I've placed 46 trades, I currently have three active trades for those three trades. So far, so good. They're set to expire at the end of next week, of the trades I've placed, I had 37 out of 43 were successful. So that's like an 86% success rate, the longest run I had was about 14 successful trades. And you know, so interestingly enough, I started out at the end of March, and then by the beginning of June, I was up by 1100 bucks. So again, these are small trades, like 50 bucks or so and potential earnings and, and so on for potential profit. And then all of a sudden, by the end of June, I was actually at $35. So, so what happened was I placed a few trades, and you know, a bunch of them were the potential profit was somewhere around $50. And then there are other trades that maybe are based on the spread or the actual stock or the option. You know, they were worth 100 bucks, potential profit, or max profit. And some of those just didn't go my way. So that I don't know, if the term the trades weren't exactly balanced. So those six trades took me you know, that didn't go well took me from 1100 bucks down to $35. A couple I made mistakes that, you know, like, one was Amazon, I lost about 250 bucks on that. And that was because I placed a trade too soon after earnings, which and I can hear you in my heads. Oh, the credit spread mastery sessions and we're, you know, we're too close to earnings or not before earnings, but after earnings, you know, and the stock got a little bit of a bump, yeah, after earnings and started heading south. But you know, and then a few others like United rentals or Norfolk Southern, they're just larger trades, and they just didn't go well, or they didn't go my way. So.. Allen: So that was basically you were trying to scale it up a little bit or it was just it just happened that they were.. Alex: It's just at that time. I wasn't aware of it. You know, it's interesting, looking back how much I've learned and how much more aware I am of what's happening in the trades, and I have a better sense of what's a good trade, I have a better sense of what's actually trending well. And since I started I got back on the horse in early July. Since then I'm nine for nine In all my all my trades are somewhere around 100 bucks max profit I made sure that I had, they're all balanced. So if I take a hit, you know, for all the wins that one hit won't wipe me out. Allen: So is that 10%? The 100 bucks? Alex: Yes, yes. Yeah, right. I get out of 10% on every trade. So.. Allen: Okay, so basically, you learned your lesson, you figured out like, okay, hey, this needs to be balanced, they'll need to be the same amount. It'll make it easier for me. And then, since then you've recovered. And now.. Alex: Yeah, at this point, I'm at year to date, I'm at 1040. Allen: Good. Alex: I'm up 1040 so.. Allen: How much are you playing with? Alex: I have 15 grand in the account. Okay. Just, you know, again, just, they're not huge transactions. But again, they're all about max profit, or somewhere around $100. And I'd like to start scaling up. Allen: Yeah, yeah. So I mean, it's a wonderful place to start, you need to go from zero to not knowing anything about options to where you are now, where you're like, Hey, I'm consistently being profitable on these traits. And I think now from (inaudible), I believe you do have that confidence that, hey, you know, what this stuff works? If I follow it, if I do it, and I just, you know, put in put in the effort, it's gonna like you, you it's like an ATM machine that or like a slot machine, you know, putting the money you get the money back, you get more back, right? Alex: No, for sure. For sure. And I you know, it's during the the class, I used to ask a lot of questions. And you would say, just you got to go for it. You got to you got to place the trades. And it's, you know, volume. And I can see that it's the more you do it, the more you develop that sixth sense that you always talk about and you put yourself in a better position to see success. Allen: Yeah, I mean, what I remember is that you were you were trying to overthink it, you know? Yeah, it's like, okay, I'm looking at this trade. And there's just one little thing that is like, not perfect. Do I do it? I'm like yes. Allen: Yeah, like six months from now, they're saying that they're not going to have you know, they're gonna have this problem. Like, no, yeah. Let's put it on and see how it goes. Because, and I love the fact that you are starting out small. I mean, obviously, you can go much bigger if you wanted to. But you're like, hey, you know what I'm going to, you know, play with this, I'm going to learn it. I'm not going to risk a lot. Because a lot of people they come in and they, you know, they start off with big numbers right away. Some people come to us like I had one guy. Just yesterday, before he emailed me, he goes, "You know, I have $9,000 but I can't do this. It's like, why? Because I only have $9,000?" You can't, but you could learn it. Right? I mean You could learn you don't have to use the 9000 to you don't even need 9000 to learn. You can do paper trade, like you did. And you start off and you do it, do it, do it. You gain confidence. And then you put a little bit in each one. And then it just grows and grows and grows. Are you at the point now where you feel that you're going to start putting a little bit more money into each one? Alex: Yeah, like I said, I coming into June, I was doing really well. And then I though there are several trades that that almost basically wiped me out and wiped me out. We're talking less than 1000 bucks. But it didn't Allen: It didn't hurt you. Because I mean, that was your profits that you gave back. You didn't go actually go negative. So.. Alex: No so yeah, so now I'm a little more focused. And I upped each trade, like I said, max profit of somewhere around 100 bucks. And so far, so good nine for nine and, you know, slowly ramp it up. So my, you know, my goal for the year is to end up profitable so that, you know, I see some of your, many of your students have seen incredible success. And some of the some of the people in the very class that I was in and make 1000s of dollars or exponentially grow their, their accounts. I'm happy just to be profitable this year. I'm okay to you know, being slow and steady, you know, are taking that approach. Allen: Looking at the long run, the long term picture. Alex: Yeah, I'm a real estate investor. So, you know, we we, um, you can make a killing in real estate, but we were we're primarily buy and hold. You know, we've, I mentioned we started building houses a couple years ago, but by and large, our strategy has been buy and hold. So.. Allen: And it's worked well for you. Alex: Yeah and we're talking about option trading. We're not talking about buying and holding but my point is, it's about you know, the, the broader horizon or the, you know, thinking about the long haul. Allen: Yeah. And I love it that you understand your temperament. You understand your personality, you know, because sometimes somebody in your shoes where they're like, You know what I want, I want to take it long term, or I feel more comfortable when it moves slowly. And then they start doing something that goes against that and they started like day trading or buying options and trying to make 1,000% overnight, and internally, they can't handle it, you know, emotionally, it's like they don't understand why they're not doing well is because, you know, their temperament or their personality doesn't jive with that way of doing it. So I love that you found a balance, and you're not worried about everybody else, you know, it's like, oh, yeah, hey, you know, this guy made 50% this year. Okay, great. I made 100 bucks, I'm okay, I, you know, I got my confidence, I got my practice, I did it over and over again. And I proved it that, hey, this can this can work for me. And so you have from now until the end of your days to keep doing it, and compounding it and compounding and you know, the effort, you know, like, when you start compounding the money, it just gets larger and larger and larger. So what, you know, $100 right now might not sound like a lot to some people, but that $100 is going to grow and grow. And five years from now, it's going to be 1000 to trade and then 10,000 to trades and 20,000. So, cool. Awesome. So I mean, was there anything that anything that was holding you back? Was there anything that didn't click for you right away,or? Alex: I used to sell software, and I was working in Silicon Valley during the internet boom, you know, the whole dotcom thing. So I dabbled in, in a number of tech stocks and so on. Beyond that, I had zero experience. And as far as options, forget it, I dated a girl that went on to trade options commercially. That's about that was the that's about the extent of my experience with options. So I knew absolutely nothing. And just like the logistics of placing trades, and so on. And so many of the things, we talked about your strategies until you actually do it. For me, personally, I had to do it a bunch of times to really internalize it. You know, like I said, simply, you know, what does it mean, for a stock to be trending nicely, you know, or positively, I have a better sense of what that is, at this point. So yeah, it's interesting, I think this is so much like real estate. In real estate, you always say, trade with the odds in your favor. And, you know, that's what the Option Genius is all about. That's what we do in real estate. I mean, you, you do due diligence, you know, and there's there's definitely luck involved. But if you do due diligence, you're investing with the odds in your favor. You know it's, you know, that's how you ensure success, and slowly, slowly build it up. So but anyway, to answer to go back to your question, I, you know, this is you have to figure out how to actually place the trades which can be a challenge in itself, and really internalizing what all these strategies are and how to actually implement them successfully. It just took a little time, but I don't really feel like there were any major barriers are, or challenges, you know. Allen: So it was just because it was all brand new, just.. Alex: Yeah, yeah. And then mentally, you know, I, I'm doing what works for me, you know, mentally building up the size of my trades, or scaling up, I'm scaling up at my pace based on what works for me, like we were just saying, Allen: Yeah, and I mean, the scaling part of it, it's all, it's gonna be all emotional. Because once you have the skill of finding the trade, putting it on monitoring and and managing it, then it's just a matter of zeros, whether you do one contract or 10 contract or 100 contracts, right? Almost all of it is identical. So the hardest part is being profitable, like you said, and then after that, you can just add to it, and then you just managing your emotions and be like, Okay, I'm taking too much risk. I know, I'm feeling stressed out, I'm going to cut it down, or, you know, or, Hey, I feel good about this. Alright, let's, let's, let's go a little bit, let's put the pedal down a little bit. But I also like the other thing, that in options, there are like 1001 different strategies that people could do, you know, everything from under the sun. But you came in and you join the credit card mastery course where we only do one strategy. And that's the one you learned. That's the one you're still trading you haven't, you know, been like, Okay, I like this. This is good. Now, let me go learn something else. Now, let me go learn another one. Let me go let it go. I know you just stuck to that one. And you're at that point where like, Okay, I'm gonna get good at this one. And then we'll see what happens later on. Alex: No, exactly. I mean, by staying focused, I have a better chance of success. And by staying focus, I am learning so much that I know when I start to expand my strategies, or incorporate other strategies, everything I'm learning now by focusing on this one strategy will benefit me. I know towards the end of the course, we got into some of them some other strategies and some more complex strategies. And I just I said, That's not for me. I can't I don't want to hear it right now. You know, I mean, ideally, I'd like to start acquiring using your strategies and acquiring stocks holding on benefiting from the dividends and so on. I just right now, I'm still focused on the credit spreads. Allen: Great. That's awesome. I mean, you know what you want you going after that.Nobody can fault you for that. So give me a couple of takeaways from your trading journey so far, what have you learned? Alex: Yeah, I think it's, you can trade with the odds in your favor, you can put yourself in a position to realize consistent returns, I think you know, that the credit spreads are one thing, but you know, like, you're saying, that should be a small percentage of your portfolio, I see, I just see a lot of potential, you know, again, I mentioned I sold software for a number of years, I was I was a lot of these tech stocks that were blowing up, I was, you know, interacting with these companies directly. And I never really paid much attention to stocks, I just, I was always a did my job. And then I was, I was investing in real estate on the side. So it's just really opened my eyes to the potential of the stock market and investing and, you know, I, I really look forward to building up a portfolio where I have a stream of dividends coming in, and you know, leveraging your strategies to secure those stocks. Allen: Yep. Yeah. And it's gonna be kind of like, buy and hold, you know, it's gonna be like, Yeah, we're gonna own it, and we're gonna collect income every month. We're just gonna rent those suckers out to like income every month. So what was it that surprised you the most about options? Alex: I don't say how easy it is. But that that, that you can actually implement a specific strategy and get consistent results. And I hope I don't sound like a commercial for Option Genius. But that's yeah, that's like I've always thought, you know, even with all the financial regulations in place, you still don't know what's happening within a company, what decisions they're making, what shenanigans are going on. And it's just, it's not so much about the company, it's about what the stock is doing. I mean, outside factors can impact the performance of the stock, but it's what the actual stock is doing in the market versus the performance of the company is that Is that fair to say? Allen: Yeah, I mean, like when we're talking about when we're looking at our layup spreads, you know, it's a one month trade. So, if something is there, that's going to impact the company a year from now, two years from now, it doesn't make any difference to us. We're only worried about, you know, from the start of the trade to the end of the trade. And then we're not worried about the fundamentals or all that other stuff that that happens. If the trade looks good, we'll get in. If not, we don't we skip, and we don't have to do the same trade on the same stock every month. Right? We can we can vary it and move it around. But that said, we do like, there are certain times where we want to go into the same stock over and over again, because they do have a good fundamental picture. They are growing, they're, they're hiring more people, they're getting more customers, or building revenue or more stores or whatever, you know, and the stock will then continue to trend in our in one direction, which makes it easier for us to figure out okay, how do we want to play this? Alex: So actually, I got into Costco three times since June. They've been going up and up and up, you know? So, yeah. Allen: And the end, the cool thing is that, you know, you take a look at Costco, it's like, oh, this chart is doing really well, the stock is going up. Okay, well, if you had bought the stock at the bottom, or whatever it was, and you had hold it to the top, how much would you have made, compared to if you had done spreads on it, you know, from that same time period over and over and over again, wish would have been better? Well, the spread would have, you know, totally kicked it that the stock might have gone up like 20, 30%, and we've been up like 40, 50%. So you're looking at the same thing, and you're looking okay, do I want to buy it? Or do I want to just sell spreads on it? And the spreads if it's continuing to trend in one direction, the spread will always do better than that. So but is that one of your, you have any other favorites besides Costco that you've been playing? Alex: Not really. I mean, I don't think I've been doing it long enough. I guess SPX is another one I invested in several times since I started trading at the end of March. And I've been I have yet to, that is yet to fail me, so.. Allen: Right. So class started in January, you started with real money in March. Right now it's what is it? Start of September. So March, April, May, June, July, August, September. So seven months? You've been doing it for seven months? Cool. So do you feel that you're confident right now that you understand it? You got to you've if you needed to if you had to you could scale it up right now? Alex: Yeah, I think I think I could. I'm infinitely more confident than I was in January. The revelation that all the trades have to be balanced and so on. June was a turning point. I would say, okay, like I said, I started out up 1100 bucks and then all of a sudden at the end of the month I was at 35 bucks. I'm I'm trying to think what the word is.. Allen: It's like a wake up call? Alex: It's like a milestone or.. Allen: A turning point. Alex: Yeah, a turning point. I am at another level at this point. Allen: Okay. All right. So how long do you think it would take somebody else to to go from zero to okay, now I can actually do this, on average, like, how long do you think it should take somebody? Alex: I would say reasonably, two to three months, being part of your class was super helpful when you have the opportunity to work with someone that, you know, with your level of expertise and knowledge. That was huge. That was tremendous. I mean, every week jumping on the call, and going through watching everything you're doing, and hearing your thoughts about specific trades, and so on. That was that was tremendous. So that helps a lot. So I, you know, for me, it was two to three months where I was, you know, able to figure it out and start trading. Allen: And how much time did you put into the learning aspect and the doing it and focusing and watching the calls and all that stuff? Alex: Yeah. So I made an investment in your programs I wanted to get, I wanted to make the most of it. So we had the class every week, and then I, several times a week, I'd go back and listen to the, you know what, listen to the videos, I say, listen to the videos, I'd pull them up as I was, you know, exercising or whatever. And then I'd stop and make notes either on my phone or in my notebook, you know, but I had, I have notes of every class and, you know, go back and make sure I really understood everything go through with a fine toothcomb and truthfully, I haven't looked at the videos in a few months. But every time I'd go back and review the videos, it was like, oh, you know, it always find half a dozen new gems, you know? So, but so yeah, I would, I would spend several hours a week, in addition to the actual official session we had every afternoon, you know, every year. Allen: So but between between the the class time and the study time and the trading that you did, so, you know, like somebody listening to this, they're like, Yeah, you know what, I want to start this, but how much time should I put into it? How much time should it take me every week that they would devote to this? Alex: Yeah, I mean it's if starting off 5 to 10 hours a week, Allen: 5 to 10 a week, okay. Alex: I would say, you know, just thinking, you know, including the class and going back and transcribing the videos. And then doing my own trades, you know, I did 40. I've done 46 real trades today, but I did 37 paper trades. Some of them were purely recommendations from that you provided with us. So you provide it to the class and others were ones that I found on my own. In several instances, I identified a trade and then a few days later that you selected the same stock for the class. So that was, that was encouraging. But uhm. Allen: Okay. I mean, yeah, cuz sometimes people are like, you know, I work a job. I don't know if I could do this, but five to 10 hours a week, I think anybody, if they're serious about learning a new skill, learning about changing, you know, something that could change their life, potentially, I don't think five to 10 hours a week, is that big of a commitment or sacrifice to do something like this.. Alex: Yeah, no. And, you know, the things don't happen by magic. You know, I always like the the saying, the harder you work, the luckier you get. We create our luck, you know, and now I am nowhere near the expert that you and many people like you are, but you know, probably a couple days a week, I sit down and go through my list looking for trades. And then you know, maybe I have to sit if something's not going right, I have to make an adjustment. But now it's probably an hour, two hours, max per week. And that's, you know, that's being in not even two hours a week. You know, my trades. So.. Allen: Sweet. Yeah, I mean, so took a little bit in the beginning. But then once you got the hang of it, then obviously, it's gonna continue down. And now it's just, hey, it's already ingrained. I know what to do. I don't have to go watch the video and say, oh, what would Allen do in this situation? What am I supposed to do here? What does this mean? Now that you've done it so many times? It's just like second nature, where you're like, Okay, boom, boom, boom, steps up steps already in your head. Alex: Right, exactly. Allen: That was the reason that we did the class and the way we did it, where it's like, every week, we get on the call, and we just go through it step by step by step over and over and over again. So you guys can see it and ask questions along the way. And then you guys go, and you do it on your own. And then when you're like, oh, wait a minute, I got stuck. And then you come back and you say, Hey, I got stuck here. And I know you were the I mean, to be honest, you asked more questions than anybody else. And I loved it. And I was like, Man, this guy is into it. This guy's exciting guy. Yeah, he's doing great, you know, because you kept asking and asking and asking. And it really, really helped. Not only you, but also it helped me because I'm like, Okay, this is where they didn't understand. You know, like, if you came, you ask a question. I'm like, Man, I covered that. Okay, but he didn't get it. So let me go and go more detail. You know, let me make another video to address that specific. So he made the class better. So I wanted to thank you for that as well. Alex: I appreciate it. Yeah, I'm not afraid to ask dumb questions, that's for sure. But no, I mean, we'd kind of kind of compiled a list of all the things that we need to look for in a trade and what makes a good trade. And initially, I would go through my list line item by line item. And at this point, I just didn't, you know, I just, it's, I get it in my head, and I just go through, like you said, boom, boom, boom, and then I'm off to the next thing. So, in full disclosure, I probably spend more time than I need to watching like, a couple times a day, I'll pull up my phone and look at Thinkorswim to see how things are doing. And maybe down the road, I won't do that so much, but I still am curious and think about it during the day. Allen: So well, as you scale, it'll be more and more important to do that, you know, and like, I know, you have the funds that you could put into it. So when you do when you're not so busy and doing the other stuff. And you're like, Okay, let me let me make this a bigger part of the portfolio. At that point. You're gonna Yeah, I mean, but it doesn't even take that long. You know, it's like, Oh, hey, I'm going to the bathroom. Let me check my trades. Oh, okay, cool. Done, you know, but it's, to me, at least it's fun. You know, it's like, it's like, points, like, you're playing a video game. And it's just joins, and they're going up and down. And like, oh, no, I got it. So, to me, it's an interesting part of.. Alex: Yeah, no I really enjoy the process sitting down, I pull up my list, and I just, I go through it, I look at the charts. And, you know, I document, you know, something looks interesting, I write it down, I might do some analysis on it. And then once I go through the list, I come back and, and place my trade. So I really enjoy the process. Awesome. And then like I said, this is just like real estate, we, in real estate, you invest with the odds in your favor. And with the credit spreads and all the other options, strategies, you're investing with the odds, and you're trading with the options in your favor, you know, so just it just makes sense to me. Allen: Cool. So what do you what do you think the future is gonna hold for you now? Alex: I'm, like I said, I'm very interested in the passive trading formula program you have, I just, I want to be I want to, if I do it, I want to be present and focused on it. We're just like I said, we got a lot, we have a lot going on at the moment. But I want to expand my portfolio, I want to expand beyond credit spreads, I want to start using these strategies to buy and hold hold stocks for a longer period of time. And, you know, who knows, like when I'm not when I'm out, you know, as a landlord, fixing a, you know, I'm sitting under a sink, fixing a leaky pipe or chasing a tradesman to do something, you know, to fix something that they messed up on a build. I think about how nice would be to just sit behind my computer and have 100% of my income come from options. Yeah. Allen: You think that's ever gonna happen? Maybe we're gonna make that switch? Alex: Maybe I mentioned that family friend that has that was his has been doing this for decades. I mean, this, this is what he does, you know, he's got a significant stream of income from trading options. I think I told you about him. And I think his he loves Tesla. I guess that's what he focuses on a lot right now or the past so many years. So yeah. But he you know, he has a more than healthy stream of income, some purely from doing that. Allen: Right. Now, do you guys sit down and compare notes or get together? Alex: So I keep saying it's a family friend, this is a really good a couple of you know, it's one of my wife's childhood friends. It's her grandfather. So I talked like, he's the guy I don't, I've met him several times. But a lot of my what I'm sharing comes through the his granddaughter. So I'm actually trying to set up some time to sit down and talk to him specifically about this. Allen: She's the oil program yeah? Alex: He's in the oil program, and then she does she trades options on her or she sells options on her own based on what her grandfather taught her. Allen: That's awesome. Yeah. So yeah, I mean, you can see it right. It goes from generation to generation. And if you can pass that trade along, it's like, Man, my kids, my grandkids, they're not gonna have to work. They'll know what to do. And it's like using your mind instead of your skills and your body to actually go out and manual labor to do something. So it's really exciting. And I think you got lucky in that sense, where, you know, she, she introduced you to this world, but then you took it to the next level, and you're like, Hey, I'm going to learn this and you put in the time, the effort, and now you're seeing that it works. I still want to see you scale it a lot more. Alex: I'm sorry, I can't report huge earnings. But that's.. Allen: No no no, that's fine. It's not it's not about that. It's it's you know, the fact that you're doing it that's that's a that's a good thing, you know, and you're getting there you're doing it but I want to see you get a better for the time that you put in I want to see you get a better income back. You know what I mean? Because I know you could do it. I have I have 100% faith in you. I know you're doing it. I know you know how to do it. But instead of making just 100 bucks I want you to make like 1000 bucks per trade. So it's like, hey, yeah, you know, a little bit more skin in the game. I feel a lot more fun too. Alex: Yeah, you know, I'll tell you so I said in June I that's when I realized like, hey, all these trades have to be the same amount and I need to I need to scale up from 50 bucks a trade and Honestly, going from 50 to 100, was it took a little bit of a leap of faith. But already, you know, just several weeks later, I'm like, what was the big deal? You know? So.. Allen: It's all mental. It's all emotional, you know? And eventually, you know, you'll do it from 100, you go to 200 to 250. How many trades at one time do you put on? Alex: I was doing as many as 10. Allen: Okay Alex: Like the most was was 12. I know you in the class, we talked about just keeping it a manageable level. Now, since since June, it's been Max four trades. Allen: Okay. Okay. So I mean, if you're doing for them, maybe we could do a little bit more on each one. And see how that goes. Alex: Yeah, I mean, we, you know, what, I'm part of the appeal of the passive trading program is to be able to, you know, pick people's brains and get feedback from the group and ask you some of those specific questions. Hmm, maybe I should get on it not. Yeah, that now's the time. Maybe now's the time to just do it, you know? Allen: Yeah. I mean, if you I mean, but you you said, you know, you don't have all that time right now, because you got all the other projects going on. But like you said that it only takes maybe five hours a week to study. So if you got five hours a week, then yeah, you know, go get that one, it's gonna be now that you've understood, probably 80% of it, the rest of it is going to be pretty simple. You know, because now you know, what an option is, you know, what a call is, you know, what a putt is, you know, what a moving average is, you know, all the indicators and, and all the other stuff that we talked about almost 80% of it, you know, now it's like, okay, which stocks do I buy? And how do I do a covered call? How do I do a naked put rows, things you'll be able to pick up very quickly, because you've already got the foundation for it. So it's not going to take a lot of time. Most of the time, we tell people, Hey, do passive first so you understand the basics, like the covered call is the easiest trade, you know, puts are really easy. And then we get into spreads, you went to spreads first, which is fine. Most a lot of people do that. Because the stocks and the covered calls and naked puts they require a little bit more capital. So if you're going into spreads first, that's fine. The other ones will be a little bit simpler to actually understand and implement once you do Alex: Right. And I realize I'm leaving money on the table by not well beyond not doing bigger trades, you know, not doing the naked puts in the covered calls and so on. There's a lot of there's a lot more money out there. Allen: It's all up to you know, when you feel comfortable, and the time is right. You know, you'll you'll feel it inside you. But hey, you know what, now it's time for me to do this. So it's something that people regret. And they kicked themselves. Oh, man, I should have started 20 years ago. Yeah, but you didn't. So don't worry about it. Don't beat yourself up, forgive yourself, you know, let's just move on. Let's just do whatever works for us right now. Let's just be happy with it and move forward. So.. Alex: I'm doing it. I'm doing it. So.. Allen: Oh you're doing great. You're doing wonderful. And so is there anything else that you wanted to share with our audience? Any final tidbits or advice? Alex: Nothing really, I think we've talked about a lot I will tell you one funny story. I've heard you. You've talked about Disneyland a bunch. So we actually we picked up some passes in in May, or June, we went to we went to we went to Disney they had reduced capacity. So they you know, allegedly it was only 25% of their their allowable or max capacity. So we we had the run of the place, It was still pretty crowded. But man, we we got to go on every ride and never waited more than 15 minutes for anything that's outside. It was amazing. But here I am at the happiest place in the world. And my stocks are going sideways, you know, so I'm on the rides and my kids and we'll walk around the park and I keep looking at my phone and I'm watching Amazon go down. And you know, it's funny, you get emotionally involved in the trades. And in reality, it's 200 bucks, it's no big deal. But finally, by the end of day two, you know, I was out of Amazon and a couple other stocks and just I was able to relax. But it was I thought of you because I know you've been to Disney. You've talked about Disney World a bunch and.. Allen: yeah, I mean, if you're going on vacation, or you know, I've had some people they're like, Hey, I'm going into surgery or I'm doing this or do that. It's like hey, if you're gonna be out of it for a while, take the trade off. It's not worth ruining your vacation. Alex: It didn't ruin it, but it just funny that you know that. Like I said, I was at the happiest place in the world. And I had this I was battling with my with my trades, you know? Allen: Well, that's because you're still learning and so it's still a new thing for you. So I get it. It's exciting, you know. Alex: But you know, as far as parting thoughts, it was a tremendous program. I'm so glad I did it. You know when my family friend introduced us to the whole thing. I was just absolutely intrigued. I read your book, I read That book by the Wharton professor of being that the way to really beat the market is by acquiring stocks with dividends. And I wish I did know about this sooner. It's a very viable means of addition, it's proven to be a very viable means of additional income. And I'm really excited to expand what I'm doing and increase the results. Allen: I mean, you know, because of COVID, we did have a market shock, right, we had a bear market because of COVID. And then the government stepped in and they started printing money like crazy. And so since then stocks have been on a roll. So it's been a great time. So you did miss out on that part of it. But I do believe that, you know, once they stopped printing, and once they start raising the rates, things will stabilize a little bit. And then once the economy comes back, or you know, COVID gets a little bit more under control, and the supply chain issues get fixed and things get back to normal. I think the market and the stocks will be a great place to be as well, you know, so you're still a young guy. And so for the next 20 3040 years, there's a lot of appreciation, there's a lot of gains that you're going to have. Because you now have this skill. Right? And so it's nothing to feel bad about that. Oh, yeah, I wish I wish it started. Yeah. But now's as good a time as any to get started. Alex: I agree. Allen: I like I like what you said, but so thank you, Alex, thank you for everything. You know, it was a pleasure having you in the program and can't wait to see you in the passive program. Alex: Yeah, yeah. Thank you. It was fantastic. Really appreciate all the all the knowledge that you shared. Allen: Awesome. Thank you so much. LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS  AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/  WATCH THIS FREE TRAINING: https://passivetrading.com  JOIN OUR PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance  Like our show? Please leave us a review here - even one sentence helps.  

In this episode, hosts Rohan Gupta and Alex Patel continue their conversation with Tom Sosnoff, co-founder of thinkorswim and tastytrade, about options. We delve into topics like volatility, options pricing, trading strategies, and much more! Check out the episode to learn about options in a simplified way! Tom Sosnoff is an entrepreneur, options trader, co-founder of Thinkorswim and tastytrade. He was Senior Vice President of Trading and Strategic Initiatives at TD Ameritrade. Sosnoff started his career at Drexel Burnham Lambert and in the early 1980s was a market maker at the Chicago Board Options Exchange (CBOE). Tom earned his bachelor's from the State University of New York at Albany. Follow StreetFins on Twitter, Instagram, and Facebook here, and follow us on Twitter @rohaninvest and @patelinvest! Subscribe to Finance Simplified on Apple Podcasts, Google Podcasts, Spotify, and Anchor.fm! Join our all-new Discord to engage and learn more about the topics in this episode and more here: https://discord.com/invite/5CTfTjjU2X! If you enjoy listening to our episodes and are learning, then we'd be eternally grateful if you gave us a 5-star rating on Apple Podcasts! Sign up for our weekly newsletter to receive simplified market recaps, finance tips, podcast recommendations here: streetfins.substack.com! We always love to hear from our listeners! If you have any feedback for us, we'd love to know! It will only take 1-2 minutes to tell us what all you like and what we could do better in future episodes: bit.ly/3sv4ikp. Visit StreetFins.com for all our resources and content that simplify finance for you!

In this episode, hosts Rohan Gupta and Alex Patel talk to Tom Sosnoff, co-founder of ThinkOrSwim and tastytrade, about options. We delve into topics like the basics of options, why options have become so popular, and much more! Check out the episode to learn about options in a simplified way! Tom Sosnoff is an entrepreneur, options trader, co-founder of Thinkorswim and tastytrade. He was Senior Vice President of Trading and Strategic Initiatives at TD Ameritrade. Sosnoff started his career at Drexel Burnham Lambert and in the early 1980s was a market maker at the Chicago Board Options Exchange (CBOE). Tom earned his bachelor's from the State University of New York at Albany. Follow StreetFins on Twitter, Instagram, and Facebook here, and follow us on Twitter @rohaninvest and @patelinvest! Subscribe to Finance Simplified on Apple Podcasts, Google Podcasts, Spotify, and Anchor.fm! Join our all-new Discord to engage and learn more about the topics in this episode and more here: https://discord.com/invite/5CTfTjjU2X! If you enjoy listening to our episodes and are learning, then we'd be eternally grateful if you gave us a 5-star rating on Apple Podcasts! Sign up for our weekly newsletter to receive simplified market recaps, finance tips, podcast recommendations here: streetfins.substack.com! We always love to hear from our listeners! If you have any feedback for us, we'd love to know! It will only take 1-2 minutes to tell us what all you like and what we could do better in future episodes: bit.ly/3sv4ikp. Visit StreetFins.com for all our resources and content that simplify finance for you!

Tom Sosnoff, founder of TastyTrade and ThinkorSwim, joins the Express to talk about what the influx of new traders means for markets, and how trading platforms and regulators need to evolve to keep them trading. Also, what to expect from earnings, and the term of the week that educated investors need to know.

Tom Sosnoff, founder of TastyTrade and ThinkorSwim, joins the Express to talk about what the influx of new traders means for markets, and how trading platforms and regulators need to evolve to keep them trading. Also, what to expect from earnings, and the term of the week that educated investors need to know. See acast.com/privacy for privacy and opt-out information.

The stock market made huge gains today. #AAPL was up over 5%, #TSLA was up over 6%. We discussed how today would be a make or break day to decide what direction the market headed in the future on our latest podcast that can be found on all major podcast apps or at https://anchor.fm/wstrades/episodes/WS-Trades-weekend-podcast-er6uds. I guess the direction is to the MOON! In this video I show you some of the trades I'm in and got into Monday 3/1/21 but if you want to see my custom ThinkOrswim setup and how I pick my trades check out the livestream I did at https://youtu.be/36Sgo5UN_bw Week 3 of the Robinhood small account challenge and things are picking up. I made a quick $10 profit off #LUMN call debit spread. Then I got into a put credit spread on #SNAP with the strikes of $62 and $61.50. #SNAP sold off pretty hard with the rest of the market ending the day down about 3% at $64.50. I feel pretty good at the $62 level so let's hope this sell-off doesn't continue and the market finds some stability. You can check out my other #robinhood videos under the robinhood playlist to stay up to date with my account progress. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/wstrades/message Support this podcast: https://anchor.fm/wstrades/support

In this video I show you how I have my Thinkorswim trading platform set up to quickly find trades to enter. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/wstrades/message Support this podcast: https://anchor.fm/wstrades/support

Subscribe to How To Trade ItTom Sosnoff is one of the people that created thinkorswim—the well-known Options trading platform. After college, Tom got a job with a boutique brokerage firm. He went through their training program and ultimately ended up leaving and moving to Chicago, where he’s stayed for 40 years—20 of which were spent working at the Chicago Board Options Exchange. Tom stood in the same spot on the trading floor for 20 years and he got tired of it. He was a successful trader with a decent-sized firm but wanted to try something different. Tom left the trading floor to build thinkorswim. When he and his partner started thinkorswim, they were one of the first two to build options-centric platforms. What did their journey look like? Find out in this episode of How To Trade It!You’ll want to hear this episode if you are interested in...[0:39] Tom Sosnoff with tastytrade[2:49] From the trading floor to thinkorswim[5:08] Developing the thinkorswim software[6:45] Launching the thinkorswim platform[8:16] Check your ego at the door[10:08] How to be a successful trader[11:40] Premium selling with options/stocks[13:52] Founding tastytrade + tastyworks[16:41] Tom’s thoughts on RobinhoodResources & People MentionedtastytradetastworksthinkorswimdoughConnect with Tom SosnoffWatch on YouTubeFriend on FacebookConnect on LinkedInFollow on TwitterConnect With Casey StubbsWebsite: https://caseystubbs.comSubscribe! https://www.youtube.com/caseystubbsTwitter: https://www.twitter.com/caseystubbsFacebook: https://www.facebook.com/caseystubbsLinkedIn: https://linkedin.com/in/caseystubbsNewsletter: https://financeandmarkets.com/Support the show (https://caseystubbs.com)

On this episode we discussed how and why you should begin the road to investing in the stock market, how to take advantage of capital gains and year after year growth, tax-advantaged account investment, what is a bull vs bear market, index fund investing and ETFs, options trading basics and how to start with options trading, safe investing strategies for beginners, portfolio allocations, using the digital age to learn the fundamentals for stock investing, trading platforms and much more. ***Disclaimer: We are not financial advisors, please do your own due diligence and research*** For more information and to learn more about us you can follow us on social media. Follow us on Instagram @loampod Steph: Instagram @misterbottles and Twitter @DaSheeplesChamp Fonz: Instagram @fonz_onamission27 and Twitter @onamission_27 Investing 101 Resources: YouTube (Key terms: Volatility index (VIX), long call, short call, long put, short put, (RSI) Relative Strength Index, Index funds, ETFs, Mutual Funds) Business Insider: https://www.businessinsider.com/ Reuters: https://www.reuters.com/ Investopedia: https://www.investopedia.com Trading platforms: - Robinhood: https://www.robinhood.com/us/en/ - TD Ameritrade: https://www.tdameritrade.com/home.page - Thinkorswim: https://www.tdameritrade.com/tools-and-platforms/thinkorswim.page Brokerage accounts: - Fidelity: https://www.fidelity.com - Vanguard: https://investor.vanguard.com/home - Charles Schwab: https://www.schwab.com

Advice on consumer debt and the implicit costs associated with taking on debt as a young professional. According to Credit Karama, in Q2 of 2020, the average car payment was $568, assuming a conservative rate of return on just the S&P 500, over the course of the loan, you could have a $50k portfolio! If you were the hold that portfolio into retirement, you would be worth 7 figures after 35 years! I also answer some of the communities questions on money market mutual funds, disruptive technology funds, and target date funds. Make sure to check out this financial calculator and experiment with different return and contribution assumptions: https://www.calculator.net/future-value-calculator.html Money Market ETFs: 1) SSHV (iShares Short Treasury Bond ETF) – Invests heavily on the short end of the yield curve, U.S Treasury bonds with maturities between 1 month & 1 year. Expense ratio of .15%. 2) NEAR (iShares Short Maturity Bond ETF) – Does not aim to track an index and is actively managed for a higher expected rate of return. Higher expense ratio of .25%. 3) BIL (SPDR Bloomberg Barclays 1-3 Month T-Bill ETF) 4) GSY (Invesco Ultra Short Duration ETF) Tax consequences of Money Market ETFs: https://www.schwab.com/resource-center/insights/content/how-is-etf-income-taxed ARKK – ETF discussed later in the podcast which is focused on investing in mid-cap growth companies in the disruptive technology sector. High expected returns but with an above average exposure to market risk. The fund is very tax inefficient due to high turnover, so consider adding this fund in a more tax advantaged account. Follow me on Instagram @ WallStJunky and Twitter @ wallstjunky44! DM me on any platform listed at the bottom of the description or email me at wallstjunky@gmail.comfor any questions or topic requests Make sure to check out the Podcast on Spotify, Google, and many others or at my host link @ https://anchor.fm/wallstjunky https://linktr.ee/wallstjunky Favorite economists to follow: Mohamed A. El Erian & Peter Schiff Try TD Ameritrade's free platform, ThinkOrSwim, that allows you to open a paper account and simulate trading and test your strategy: https://www.thinkorswim.com/home.page Technical programming background? Try this Youtube series that merges Finance with Python: https://www.youtube.com/playlist?list=PLQVvvaa0QuDcOdF96TBtRtuQksErCEBYZ Some people have been asking, suggested reading and other resources: Intelligent Investor (Warren Buffet approved): https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661/ Think and Grow Rich: https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331/ The Science of Getting Rich: https://www.amazon.com/Science-Getting-Rich-Wallace-Wattles-ebook/dp/B01MRH3EZQ/ Investopedia (Online Investment Encyclopedia): https://www.investopedia.com/ Seeking Alpha (Articles and research covering all asset classes, crowd-sourced): https://seekingalpha.com/ --- Support this podcast: https://anchor.fm/wallstjunky/support

From starting investing in 2013 to achieving a 6-figure portfolio by age 25, there were a few investment principles I picked up along the way. Time can either be your best friend or you worst enemy, procrastination is the deciding factor for that one. Also, KISS (Keep it simple stupid), you don't need a sophisticated investment strategy to build long-term wealth, just time and discipline. A wiseman once told me, “You can control two things, how much you spend, and how much you earn, but controlling your spending is a whole lot easier!”. DM me on any platform listed at the bottom of the description or email me at wallstjunky@gmail.com for any questions or topic requests The quick and dirty to starting to invest: -Track your expenses for a month -Notice how much is spent excessively on things like food, drinks, etc. -Cut expenses by say, $50 (eat out twice per month and Starbucks once a week instead of two) -Open either a traditional brokerage account or contribute additional capital to company 401k -Just to list a few brokerage companies: TD Ameritrade, Fidelity, ETrade, Vanguard, Charles Schwab, and many more -The investment industry has gotten insanely competitive, as a result, most brokerages charge no commissions for Stocks or ETFs -Set up automatic monthly contributions into your brokerage account so you don't spend that $50 you saved in expenses! -Listen to the entire podcast and do your own due diligence on low-cost investment vehicles like ETFs, Index Funds, or even some Mutual Funds -Invest at all times (up markets, down markets, sideways markets), enjoy the ride! Don't try to time the market! ETFs discussed in this podcast: VUG - Vanguard's Large Cap Growth fund that focuses on passively investing in large-capitalization growth stocks. VTI - Vanguard's Total US Stock Market fund that attempts to replicate the total return of the US Stock Market VOO - Vanguard's fund that tracks the S&P 500 Favorite economists to follow: Mohamed A. El Erian & Peter Schiff Try TD Ameritrade's free platform, ThinkOrSwim, that allows you to open a paper account and simulate trading and test your strategy: https://www.thinkorswim.com/home.page Technical programming background? Try this Youtube series that merges Finance with Python: https://www.youtube.com/playlist?list=PLQVvvaa0QuDcOdF96TBtRtuQksErCEBYZ Some people have been asking, suggested reading and other resources: Intelligent Investor (Warren Buffet approved): https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661/ Think and Grow Rich: https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331/ The Science of Getting Rich: https://www.amazon.com/Science-Getting-Rich-Wallace-Wattles-ebook/dp/B01MRH3EZQ/ Investopedia (Online Investment Encyclopedia): https://www.investopedia.com/ Seeking Alpha (Articles and research covering all asset classes, crowd-sourced): https://seekingalpha.com/ Instagram: https://www.instagram.com/wallstjunky/ LinkedIn: https://www.linkedin.com/in/wallstjunky/ Twitter: https://twitter.com/WallStJunky44/ Business Email: wallstjunky@gmail.com DISCLAIMER: The podcasts on this channel are meant to educate, not to constitute advice. Joshua Lutkemuller is not registered to provide investment advice and as such does not provide recommendations on the channel or podcast - those looking for investment advice should seek out a registered professional. Joshua is not responsible for investment actions taken by viewers and his content should not be used as a basis for trades. --- Support this podcast: https://anchor.fm/wallstjunky/support

In this episode I will dig into Market Maker Move (MMM), the number that you sometimes see it on the Thinkorswim platform and then you don't see it. If you wondered what that piece of information is and how you can use it for trading, this episode will clarify it all To join the weekly webinar referenced in this episode : https://www.meetup.com/Part-time-Options-Traders-Meetup-Group/ To view the webinar recordings offline, register at www.optiongig.com and then select "Weekly Webinar" from "Members" menu Find more videos and education content at https://.optiongig.com - all for FREE !! Please subscribe OptionGig on YouTube : https://www.youtube.com/channel/UCzRV68jzvb3R7OSdTrFBASw

An intro discussion iabout my joiurney as a trader in the stock market.

People literally ask me this one question ALL THE TIME… “Allen, how did come up with such a lucrative, safe, and easy way to trade?” I explain it all in my new book Passive Trading, get your free book here  https://www.passivetrading.com/free-book! Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that’s exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer.  -- Hello, passive traders. This is Allen coming to you with another episode of the Option Genius Podcast. Today, I am a proud papa. Not because of something my kids did, but something I did for them. See, what I've already done is, I hope to be, something that will set them up for a very cushy retirement, or a very happy life. Let me tell you what that is. Now, I have three children, nine-year-old boy, another eight-year-old boy, and then a four-year-old daughter. And I don't want to happen to them what happened to me. See when I graduated high school, things financially were not really good for our family. And I was the only child, so going to college was kind of a no-brainer, you were just going to go. And my kids, they're going to go. They don't have choice, they're going. With all the high competition for the job market and everything, you just need to go and you need to learn and get out there and be on your own. And so, when it was time for me to go to college, I applied for several schools. I got into some private schools, but they did not offer me the financial aid package that I needed to go there because basically I needed them to pay for everything. The one school that did though was Florida State. And Florida State gave me a financial aid package where, I believe at the time I do not remember exactly, but I believe it was costing somewhere around $8,000 a year to go there, that included room and board, for two semesters. And they were giving me $9,000 as part of the package. Now, part of that, a couple thousand, that was loan under my name, but still they were actually giving me more money than I needed to go there. So I was going to have everything paid for, and I was going to have a little bit of cash in my hand, in the bank, so that I could spend it on candy or trips or to the beach or whatever. So, that was my only option. Now I'm going to Florida State. Wasn't my first choice and I did not enjoy it there. Nothing against the school, it just, for me emotionally, mentally, I was just not in the right frame of mind to enjoy it and take advantage of it, which I do regret to this day. But, I wasn't there very long because, at the end of the first year I had to drop out and come back home. My dad had just started a new business that he had no knowledge of how to run because it was all computerized, and so he'd basically told me I needed to stay home and work with him in the business, which is what I did. Okay. No worries. I'm not bitter about it, that much. But the point was that we did not have the money for me to afford the schools that I wanted to really go to. And if I had gone to one of the schools that I actually got into, things would have been way different in my life. Now, I'm not complaining because I love my life, so everything I guess happened for the best. But for my children, I would like them to be able to go to the best school that they get into, whichever school they want to go to. Whether it be around the block or across the country. I don't want finances or money or lack of money to be the reason why they don't go to the best school and get the best education that is possible. And so, I don't know what school they're going to go to, but my oldest he asked me one day, he goes, "Hey dad, what's the best school in the country? What's the best college in the country?" I'm like, "Well, probably Harvard." He goes, "Okay, then I want to go to Harvard." And that was it. Since then, anybody asks him, "Hey, where are you going to go to college?" He goes, "Harvard." He's like, it's no big deal. He doesn't know how competitive it is. "Hey, I'm going to Harvard." I love that confidence in him. I told him, "It's going to be hard." He goes, "Yeah, no problem." That's a nine-year-old. Awesome. I love it. So as dad, as the finance guy in the family, my wife doesn't really worry about the finances, I do, so I need to figure out how we're going to pay for Harvard. Which when he gets there, it's probably going to be, I don't know, $300,000 a year? And plus now, I have three of them. So, you know it's going to be close to a million dollars that I'm going to be paying for college. So how am I going to do that? Geez, that's a lot of money.  I started looking into college savings plans. What are the different options out there? You got the 529, you got the Coverdell, you got some other stuff. Doing my research, and I came to the conclusion that, I think that the best thing that I could do for them is to open up Roth IRAs. Now that might be sounding a little weird, right? A Roth IRA for a kid? How do you do that? They have to have income? Right. They have to. They do have to have income. They have to have a job. So that was an obstacle that we had to overcome. Okay, what job can we give them? Well, lucky for me, my wife has another business, which is a daycare. And on the daycare, we have to have pictures of happy children on the website, in the marketing materials, the brochures, the pamphlets, that things we hand out. And so, why not instead of paying other kids for their pictures or stock pictures or whatever, why not we pay our own children? Take their pictures professionally, and have that in our marketing materials? So that is what we did. So, we had professional pictures taken. We do it every year, and we have those pictures as part of our marketing plan. And so the kids get paid for this. Now, currently the tax law says that if your child is working for you or if your child was working anywhere really, they can get paid up to $12,000 a year without having to pay any income tax. Now, going to give you a disclaimer here, check with your accountant on this. Talk to your accountant, and talk to your tax professional, whatever, make sure this is correct. This is what I been told. And so you can do $12,000 a year without paying any income taxes. And, if you're earning money, you can put $6,000 a year into an IRA, whether it's a Roth or a regular IRA. Now for them, obviously I chose the Roth IRA because they're not paying any taxes on the income anyway. And so the money is paid to them tax-free. It goes into the Roth IRA, and there's no tax there. And then later on, when it actually comes out, after they retire or whatever age, 65, they take the money out of, it should come out of their tax-free as well. So you kind of get like a triple whammy here. So I really love this idea. I think it's one of my better ideas I've ever had. And so one of the ways that you can actually pay for college is that you can withdraw the money that you put in the IRA for college. In fact, if you look at the rules of how the Roth IRA works, any money that you put in, any deposit that you put in, you can withdraw that money at any time. So let's say you put $5,000 into it. You can take that $5,000 back. The gains, if that $5,000 goes to $6,000, you cannot take that extra $1,000 out. If you do, you have to be taxes and you have to pay fees. So that you don't want to, because you don't want to pay the fees and taxes until you can at whatever the age is, I believe it's 65, when you could start taking money out of your Roth IRA. Or 59 and a half or whatever the number is. You find a way to get your child paid for work that they're actually doing. And in my case, they're models. If you have your own business, they could work in your business doing accounting, bookkeeping, maintenance, anything. And that money that they get paid, you don't have to pay income tax on it, and it goes straight into the Roth IRA. And then if you need to, and I'm hoping that I will not need to do this, because I'm also investing in 529s for the children, and I'm hoping that I'll be able to use the 529s and whatever money I have at that time to pay for it so we don't have to touch the IRA. But I'm investing in the IRA first. And then once I do that for all three of them, then I put money in 529s every year for two of the children. So, I put about $5,000 each, for each child. So currently each child has $20,000 in their IRA. I've been doing it for four years. The accounts haven't really gone up very much in the last four years. They're going up, they went down, maybe I'm picking the wrong stocks. I don't know. But for whatever reason, they're roughly based on where they started. And even this year, we had a 35% bear market. It's still about the same. Now, one thing I briefly mentioned earlier, you can take money out of an IRA that you deposited. So when it comes times to college, we're going to use the 529 funds first. Use up all that money, because that 529 can only be used for educational expenses. And that's why I only have two of them. So, the older kid, he's got his account. And the middle kid, the eight-year-old, he has his account. For the baby, I'm not putting in yet, just in case. I don't want to have too much money in the 529. Because if the three of them don't use it up, then we have to take it out and pay fees on that and all that stuff. So I don't want to bother with that. So I'm going to use the 529 money up first. Then my own money. And then if that's not there for whatever reason, then we'll tap into the IRAs and take money out of there. My hope is, we never have to, and this money just sits there and it grows and grows and grows until age 65. Over the weekend, I got to thinking, I said, "You know, $20,000, that's a lot of money. I wonder how much it can going to be?" So I went to one of my favorite sites, investor.gov, and they have this wonderful, easy-to-use compound interest calculator, investment calculator, whatever you want to call it. And so, I wanted to see what their results would be. And I plugged up the numbers and I said, "All right. For my oldest, he's nine years old, he's got 50, what, 56 years left, until he's 65." So I typed it in, beginning balance $20,000. Monthly contribution, zero. If I don't put in another penny into his account, he's got $20,000 now. If he gets nothing, and since it's invested in the stock market, I think it's going to get about 8% average return for the year. If we don't invest any more money, if he only gets 8%, not more or less, but averages 8%, when he turns 65, he is going to have an account worth about $1.5 million. Without doing anything. The money's in there. It's been put away. It's just going to compound the way the stock market has been compounding for the last couple hundred years, and he should be worth $1.5 million at age 65. And that blew me away. I was like, "Holy cow. That's awesome. My kid's a millionaire. He's nine years old. He's a millionaire. That's going to be, oh, I'm so happy." I'm so proud of for myself that I've been able to do this. So [inaudible] what about the four-year-old? She's going to have even more time to compound. So I added her numbers, and she's going to have over $2.1 million when she turns 65. $2.1 million. Oh my God, that's incredible. Never in my wildest dreams, did I think I would be able to do this for my kids. And by that time, by the time they're 65, is another 60 years from now for her. 61 years from now, life expectancy is not going to be around 80-85 where it is now. It's probably going to be like 120-130 years. That's life expectancy at that time. So, she's just going to be getting to her mid-life crisis. She's got half her life ahead of her, and she's got over $2.1 million in the bank just sitting there that she can use. I hope these three kids, I hope they don't blow it on some fancy, flying sports car or something. Their fancy, flying Lamborghinis or whatever they're going to have at that time. That'd be insane if you waste it. But I'm so excited. I'm so happy. And if I keep adding to the account as I plan to, the results are going to be much, much better. Who knows? For another few years, still add money in. Maybe it's $40,000 that I put in there. They could have close to 5, 8, $10 million. Jeez. And if I trade options for them, which I'm not doing now. Right now, I'm just putting it in certain stocks and ETFs. But if I trade options with them, the results are going to be even much better. Much, much better. But my plan is to use the accounts to teach them how to choose their own stocks and how to trade options on their own. So they're going to have their own net worth. They're going to not ever have that feeling of being poor. They're going to have money. Now, I'm not sure of ... I'm going to have to structure it in a way that they don't get access to it right away. I'm going to have to talk to my attorney about that. Because I don't want them to become 18 years old and be like, "Oh, I got all this money in my IRA. I could just take it out and go blow it." Go get married to some girl and live it up in Vegas or something. I don't know. Hopefully that never happens, but we'll have to figure out a way that they don't access it like that. But the plan is to teach them how to use this money so that they can trade for themselves, and then that way they never have to work for money. They can go to college, whichever college they want to go to. They can study whatever field that they want to go to. And they can get whatever job that makes them happy and not have to worry about having to pick a job for the money. Because there's too many kids out there right now, they don't know what to do. The markets and everything are, in the future, in AI and computers and everything. Robotics is just making everybody go nuts. Nobody knows what's going on. Nobody knows what the future is going to be. And so people are scared and they're full of anxiety, especially college kids. And so I would like to give this skill to my children so that whatever future comes, they know they can go in and they have a skill where they can constantly generate income without having to work for it and without having to go to school for it. So that's the thing that I'm planning on teaching them. But for right now, I'm proud papa. I am happy. I'm excited that my kids are going to have this much money. Originally I was thinking that I was going to get life insurance in large amounts. If anything happens to me right now, I want my kids to have at least a million dollars. So I was thinking, "All right, I'm going to go get a $3 million life insurance added to whatever I have already." And be like, "Okay, it'll go to my wife. But then my wife will know that each kid gets a million bucks, because that's the gift that I want to give them. But then I realized, "Whoa, I've already given them the gift. I've already given them over a million dollars. Each of them." And so, that's something that I'm really excited about, really happy. If you have a young child, you can do the same thing. Maybe you can't do it in a Roth IRA. That's fine. Start with the 529 plan if you have to. Or fill up your own Roth IRA first, and then if you have to, you can give that Roth IRA as, when you pass away, that money can go to them. There are different ways to do it. Talk to your accountant about it, or talk to a tax professional about how to doing it. But time is of the essence. The sooner you start, the more the money compounds. The sooner you learn to trade, the more money you have to do this. And so, I just wanted to share that success story with you. One of the things that they wanted, I told them I was going to do this podcast about them, and they always get excited when I talk about them in the podcast. But I told him I was going to say this stuff, and they told me to make sure that I tell you guys how I picked a stock. So I invest in different ETFs and stocks for them. But now that they're a little bit older, the eight-year-old and the nine-year-old this year, they got to choose what stocks that they wanted. So the nine-year-old, he picked Facebook. And the eight-year-old, he picked Google, because he's really big into YouTube. He loves YouTube. The older one, he's more logical. And so they don't use Facebook yet, but he thinks that Facebook is growing. And so, hears a lot all over the news and everywhere. So he's like, "Facebook is good and I want to buy Facebook." And the nine-year-old, he actually looked at the stock charts. He's actually looking at stock charts. When I watch the financial news on TV sometimes at home, he'll be sitting there watching with me and he'll look at the tickers on the bottom and he'll be like, "Oh, this stock went up and this went down. This went up. This went down." He logged into my Thinkorswim and he looked at different stock charts. And he was the one that picked Facebook because of the chart. And for my four-year-old, I bought some Disney because she is, right now, she's an Elsa fanatic. She's a Frozen fanatic. All day long, every day, she just singing and singing and singing and is driving me nuts. But she is crazy about Frozen, and so Disney is a big thing. So I bought her some Disney, but I also have added some ETFs. Some index ETFs like SPY and IWM to balance it out and we'll see how it goes. But, this is what I'm doing. I just wanted to share it with you and say, "Hey, if this is something you can do, do it." Talk to your accountant. Talk to your tax person. If you have a financial planner, ask them if this makes sense. For most people that are planning for college, it does. You have to be able to have the money put aside in the Roth IRA. The kids have to earn it. But if you could figure out a way to earn it, maybe you know somebody that has a company. Maybe you own a company. Or maybe you even start a part-time company, just so you can do this. It doesn't take a lot of money to start a company. It's not very hard. So I think the rewards of having tax-free money put into a Roth IRA so it grows for 60 years or whatever tax-free, and then you take it out tax-free, you never have to pay taxes on that money or the growth of it, I think is definitely worth it. I think it's one of the biggest loopholes that, for some reason, it's not talked about. Some people know about it. I know definitely the rich people know about it. And so hopefully you can take advantage of it as well. All right, folks. So take care. Trade with the odds in your favor. -- LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS  AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/ WATCH THIS FREE TRAINING: https://passivetrading.com JOIN OUR PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance Like our show? Please leave us a review here - even one sentence helps.

TD Ameritrade and their ThinkOrSwim ("TOS") platform is one of the online stock brokers and trading platforms I get asked about most often. In most cases, the people asking about it are just getting started in their trading journey. As a beginner trader it is wise to be asking about the trading tools available and seeking to find the best ones to help you make money in the market. Combing this with the facts that much seems to have changed for TD Ameritrade lately, I wanted to discuss this and give you my thoughts. I will be fully transparent, these are just my thoughts and opinion, so you are more than welcome to disagree; however, as you will see in the video, I do use some actual (former) customer feedback to fortify my opinion. If you are a beginner stock trader and wondering about TD Ameritrade and their ThinkOrSwim platform, let me give you a review on it based from people who have been using the platform to trade and have noticed quite a few changes.

Check out how to buy a single call option on the TD Ameritrade ThinkorSwim Platform! Increase your knowledge and invest smartly!

Mike, Nick, and Alex started day trading about 6 years ago. Having worked as busboys and waiters, they knew the value of a dollar and were looking for something to make them more money. They pulled money together and started an account with $1000. On his first trade, Mike scored big with Rite Aid stocks, effectively doubling their account within one year. At first, they traded big caps and well-known names. However, those stocks didn’t move as much, so eventually, they moved on to OTC which provided more opportunities. In 2014, weed got legalized in several states, so there was a lot happening in the cannabis niche of the stock market. The Stock Snipers had multiple big wins, but they also experienced multiple big losses once the market started to calm down. Their trading journey includes many stories of high profits and heavy losses, but one thing that they learned to do is how to move on no matter what and stick together. They’ve been trading together for years, and now they educate other traders and pass the knowledge and experience that they’ve accumulated over time. Their journey taught them to cut losses on time, stick to the plan, and learn how to be OK with occasional missed opportunities. This is their advice for beginner traders: It takes between 50-100 traders to start getting a feel for trading, be patient and prepare for “survival mode” L is for learning, not loosing What was your takeaway from this interview? And would you start a trading account with your buddies?

Learn how to use ThinkorSwim to analyze option trades. Thinkorswim analyze tab is similar to other platforms. Of course, there are some small differences, but I'll show you how to use this analyze tab the right way.

On Monday, December 2, I was in San Antonio for a wedding. On the way out I made a stop at a restaurant for breakfast and decided to check out the stock market and see if I could trade on the go on my laptop since I had Das Trader installed. Guess what, I haven’t opened it on my laptop in months. My watchlist was outdated, so I didn’t know what to look for. The Friday list of active stocks was saved in Das at home on my PC, and I didn’t have any of this information with me. I did my own research on the spot and I got some leads from my buddy Carl. But I ended up not trading since I didn’t see any great setups. I drove home, opened Das Trader, and saw that HEPA had a first red day after moving up for several days in a row. If I was home, I would’ve definitely seen this setup, traded it (I typically sell short), and made a nice return. I described this situation to my buddy Brian Lee (check out his interview if you haven’t yet), and he laughed at me. He said that I should’ve used the Thinkorswim app. I actually use it, but I just didn’t think of uploading my watchlist into the app before leaving for the trip. So now I’ll be using Thinkorswim for charts and Das for execution even though I prefer sticking to just one platform. I also made a trade later in the day on Roku. It was a good setup, paired with some negative news for the company it was a great short sell. I made a 2.5-3R return on it and was quite happy to see how it turned out. Watch the video to see the full trade recap!

https://BestStockStrategy.com - Receive $400 worth of FREE options trading education https://BestStockStrategy.com/members... - Try the Trade Alerts & Make $ This video discusses why so many traders lose money and why most traders fail. It discusses why most traders lose money and the biggest mistakes traders make. You'll learn the best trading tips for trading / investing and how to avoid the biggest trading mistakes traders make Learn to trade and how to invest for beginners with the best options trading for beginners strategy (includes put options, call options and beginner strategy for beginner traders) Remember that the only way to be a successful trader is by selling stock option premium This is the best option trading strategies that every options trader should know. I provide my full trading statements and also screen recordings of my transaction history (no one else does this). Teaching the stock market for beginners requires the best trading tutorials and options trading tips. Options trading require a lot of discipline and commitment You will learn how to trade stock options by using our free stock options tutorials. For online trading and investing, you can use a number of online brokers. Some of my students use ETrade, Interactive Brokers, ThinkorSwim, Fidelity Tastytrade / tastyworks or RobinHood for options trading strategies. Even with a free broker like RobinHood, you can make consistent money and profit by trading options We teach you about call options, put option, credit spreads & options strategies Learn how to trade options for beginners from the only real trader! Learn to make consistent profits in the stock market Only SELLING option premium will work! This is options trading 101, you'll also learn how to trade naked options and the best way to profit You'll learn what Option Alpha, TheChartGuys, tastytrade and Sky View Trading don't tell you! Learn this valuable skill and trade options to substantially increase your income Day Trading, Penny Stock trading, Swing Trading, forex, technical analysis and futures trading will leave you BROKE (you'll lose all your money) The only way to make money in the stock market is by selling option premium (not buying options) We teach our students how to trade options for consistent profits. Learn all about puts, calls, credit spreads, naked options Learn why traders fail Option traders for beginners and option trading strategies are available for free. Every one of my students can be a successful trader Learn how to trade options with my best options trading strategies Options trading strategies & stock market alerts for beginners and advanced options traders Be a successful and profitable trader 1) Why Only 10% of Stock Traders are Successful (and 90% Fail) Sasha Evdakov https://www.youtube.com/watch?v=W04cf... 2) WHY 90% OF TRADERS LOSE MONEY Sky View Trading https://www.youtube.com/watch?v=j5PYr... 3) How to Trade Options: A Beginners Introduction to Trading Stock Options by ChartGuys.com TheChartGuys https://www.youtube.com/watch?v=SB2vi... 4) 90% of traders lose money... So how to be in the top 10%? UKspreadbetting https://www.youtube.com/watch?v=gYLyR... 5) What Are The Best Options Strategies for Small Accounts? Option Alpha https://www.youtube.com/watch?v=Iyoyv... 6) 3 Keys to Trading Options In A Small Account | Options Trading Strategies tastytrade https://www.youtube.com/watch?v=IQ4Lc... 7) Bill Poulos Presents: Call Options & Put Options (Options For Beginners) Profits Run https://www.youtube.com/watch?v=EfmTWu2yn5Q 8) How to Make Money Trading Options - The Vertical Spread Sky View Trading https://www.youtube.com/watch?v=6_0Sb... 9) Small Account Options Strategies Option Alpha https://www.youtube.com/watch?v=r3LQ1... 10) How to Trade Options: Introduction to Trading Stock Options Strategies BestStockStrategy https://www.youtube.com/watch?v=5yM8L... 11) Simpler Trading: Learn how to Trade Options, Stocks, ETFs, Futures, Forex Simpler Trading https://www.youtube.com/watch?v=XR8Cv... 12) Sky View Trading https://www.youtube.com/watch?v=Miybn... 13) Options Trading: How to Trade Options: Free Training to Trading Stock Options BestStockStrategy https://www.youtube.com/watch?v=228xF... 14) How to Make Money Trading Stock Options - Options Trading Naked Puts & Calls https://youtu.be/3xGOryiWfxg 15) Aggressive trading and a $1,400,000 profit – John Carter Chat With Traders https://www.youtube.com/watch?v=cewua... 16)How to Generate Consistent Income Trading Options Option Alpha https://www.youtube.com/watch?v=ej_6u... 17) How to Trade Stock Options for Beginners https://youtu.be/TF4CfPrlU1k 18) The Biggest Reason Why 90% of Retail Traders Lose Money InstituteofTrading https://www.youtube.com/watch?v=kAk8i...

https://BestStockStrategy.com - Receive $400 worth of FREE options trading for beginners training Trade Alerts Trial Offer: https://BestStockStrategy.com/members... Options Trading Strategies - How I Make $1 Million a Year Trading Options [Simple Strategy Tutorial] This video discusses the best options trading strategies for beginners You'll learn the best trading tips for trading / investing. Learn to trade and how to invest for beginners with the best options trading for beginners strategy (includes put options, call options and beginner strategy for beginner traders) Remember that the only way to be a successful trader is by selling stock option premium This is the best option trading strategies that every options trader should know. Many of the other "traders" on YouTube are fake gurus who aren't successful traders. That's why they don't provide their trading statements and also they don't show their complete transaction history. Teaching the stock market for beginners requires the best trading tutorials and options trading tips. Options trading require a lot of discipline and commitment You will learn how to trade stock options by using our free stock options tutorials. For online trading and investing, you can use a number of online brokers. Some of my students use ETrade, Interactive Brokers, ThinkorSwim, Fidelity Tastytrade / tastyworks or RobinHood for options trading strategies. Even with a free broker like RobinHood, you can make consistent money and profit by trading options We teach you about call options, put option, credit spreads & options strategies Learn how to trade options for beginners from the only real trader! Learn to make consistent profits in the stock market Only SELLING option premium will work! This is options trading 101, you'll also learn how to trade naked options and the best way to profit You'll learn what Option Alpha, TheChartGuys, tastytrade and Sky View Trading don't tell you! Learn this valuable skill and trade options to substantially increase your income. Day Trading, Penny Stock trading, Swing Trading, forex, technical analysis and futures trading will leave you BROKE (you'll lose all your money) The only way to make money in the stock market is by selling option premium (not buying options) We teach our students how to trade options for consistent profits. Learn all about puts, calls, credit spreads, naked options We teach beginner traders through advanced traders Option traders for beginners and option trading strategies are available for free. Every one of my students can be a successful trader Learn how to trade options with my best options trading strategies Options trading strategies & stock market alerts for beginners and advanced options traders Be a successful and profitable trader 1) My Journey to Generating $1 Million Investing in Stocks Road to the 2 Comma Club https://www.youtube.com/watch?v=MbjU8... 2) Options Trader Begins With $10K Account & Now Trades $300 Million tastytrade https://www.youtube.com/watch?v=586eE... 3) How to Trade Options: A Beginners Introduction to Trading Stock Options by ChartGuys.com TheChartGuys https://www.youtube.com/watch?v=SB2vi... 4) Top 3 Options Trading Strategies for Beginners projectoption https://www.youtube.com/watch?v=ScPLX... 5) What Are The Best Options Strategies for Small Accounts? Option Alpha https://www.youtube.com/watch?v=Iyoyv... 6) 3 Keys to Trading Options In A Small Account | Options Trading Strategies tastytrade https://www.youtube.com/watch?v=IQ4Lc... 7) Bill Poulos Presents: Call Options & Put Options (Options For Beginners) Profits Run https://www.youtube.com/watch?v=EfmTWu2yn5Q 8) How to Make Money Trading Options - The Vertical Spread Sky View Trading https://www.youtube.com/watch?v=6_0Sb... 9) Small Account Options Strategies Option Alpha https://www.youtube.com/watch?v=r3LQ1... 10) How to Trade Options: Beginner's Introduction to Trading Stock Options Strategies (Tutorial) BestStockStrategy https://www.youtube.com/watch?v=5yM8L... 11) Simpler Trading: Learn how to Trade Options, Stocks, ETFs, Futures, Forex, and more! Simpler Trading https://www.youtube.com/watch?v=XR8Cv... 12) Sky View Trading https://www.youtube.com/watch?v=Miybn... 13) Options Trading: How to Trade Options: A Beginners Free Training to Trading Stock Options BestStockStrategy https://www.youtube.com/watch?v=228xF... 14) How to Make Money Trading Stock Options - Options Trading Naked Puts & Calls https://youtu.be/3xGOryiWfxg 15) Aggressive trading and a $1,400,000 profit – John Carter Chat With Traders https://www.youtube.com/watch?v=cewua... 16)How to Generate Consistent Income Trading Options Option Alpha https://www.youtube.com/watch?v=ej_6u... 17) How to Trade Stock Options for Beginners https://youtu.be/TF4CfPrlU1k

https://BestStockStrategy.com - Receive $400 worth of FREE options trading for beginners training Trade Alerts Trial Offer: https://BestStockStrategy.com/members... This video discusses the biggest mistakes that traders make that cost them money You'll learn the best trading tips for trading / investing and the best options trading strategies for beginners Learn to trade and how to invest for beginners with the best options trading for beginners strategy (includes put options, call options and beginner strategy for beginner traders) Remember that the only way to be a successful trader is by selling stock option premium This is the best option trading strategies that every options trader should know. I provide my full trading statements and also screen recordings of my transaction history (no one else does this). Teaching the stock market for beginners requires the best trading tutorials and options trading tips. Options trading require a lot of discipline and commitment You will learn how to trade stock options by using our free stock options tutorials. For online trading and investing, you can use a number of online brokers. Some of my students use ETrade, Interactive Brokers, ThinkorSwim, Fidelity Tastytrade / tastyworks or RobinHood for options trading strategies. Even with a free broker like RobinHood, you can make consistent money and profit by trading options We teach you about call options, put option, credit spreads & options strategies Learn how to trade options for beginners from the only real trader! Learn to make consistent profits in the stock market Only SELLING option premium will work! This is options trading 101, you'll also learn how to trade naked options and the best way to profit You'll learn what Option Alpha, TheChartGuys, tastytrade and Sky View Trading don't tell you! Learn this valuable skill and trade options to substantially increase your income. Day Trading, Penny Stock trading, Swing Trading, forex, technical analysis and futures trading will leave you BROKE (you'll lose all your money) The only way to make money in the stock market is by selling option premium (not buying options) We teach our students how to trade options for consistent profits. Learn all about puts, calls, credit spreads, naked options We teach beginner traders through advanced traders Option traders for beginners and option trading strategies are available for free. Every one of my students can be a successful trader Learn how to trade options with my best options trading strategies Options trading strategies & stock market alerts for beginners and advanced options traders Be a successful and profitable trader 1) 3 Common Psychological TRADING Mistakes Sky View Trading https://www.youtube.com/watch?v=Pz_9V... 2) 3 Most Common Trading Mistakes Trading 212 https://www.youtube.com/watch?v=RwBkl... 3) How to Trade Options: A Beginners Introduction to Trading Stock Options by ChartGuys.com TheChartGuys https://www.youtube.com/watch?v=SB2vi... 4) Options Trading: How Much Money Will I REALLY Make Trading Stock Options? [STRATEGY TUTORIAL] BestStockStrategy https://www.youtube.com/watch?v=u7ZrG... 5) What Are The Best Options Strategies for Small Accounts? Option Alpha https://www.youtube.com/watch?v=Iyoyv... 6) 3 Keys to Trading Options In A Small Account | Options Trading Strategies tastytrade https://www.youtube.com/watch?v=IQ4Lc... 7) Bill Poulos Presents: Call Options & Put Options (Options For Beginners) Profits Run https://www.youtube.com/watch?v=EfmTWu2yn5Q 8) How to Make Money Trading Options - The Vertical Spread Sky View Trading https://www.youtube.com/watch?v=6_0Sb... 9) Small Account Options Strategies Option Alpha https://www.youtube.com/watch?v=r3LQ1... 10) How to Trade Options: Beginner's Introduction to Trading Stock Options Strategies (Tutorial) BestStockStrategy https://www.youtube.com/watch?v=5yM8L... 11) Simpler Trading: Learn how to Trade Options, Stocks, ETFs, Futures, Forex, and more! Simpler Trading https://www.youtube.com/watch?v=XR8Cv... 12) Sky View Trading https://www.youtube.com/watch?v=Miybn... 13) Options Trading: How to Trade Options: A Beginners Free Training to Trading Stock Options BestStockStrategy https://www.youtube.com/watch?v=228xF... 14) How to Make Money Trading Stock Options - Options Trading Naked Puts & Calls https://youtu.be/3xGOryiWfxg 15) Aggressive trading and a $1,400,000 profit – John Carter Chat With Traders https://www.youtube.com/watch?v=cewua... 16)How to Generate Consistent Income Trading Options Option Alpha https://www.youtube.com/watch?v=ej_6u... 17) How to Trade Stock Options for Beginners https://youtu.be/TF4CfPrlU1k 18) The Worst Mistakes Beginner Traders Make UKspreadbetting https://www.youtube.com/watch?v=SC9JT...

https://BestStockStrategy.com - Receive $400 worth of FREE options trading education https://BestStockStrategy.com/members... - Try the Trade Alerts & Make $ Zero Trading Experience & Bad at Math. Can I Still Be a Successful Stock Market Options Trader? This video discusses the most important characteristics of successful traders You'll learn the best trading tips for trading / investing and the best options trading strategies for beginners Learn to trade and how to invest for beginners with the best options trading for beginners strategy (includes put options, call options and beginner strategy for beginner traders) Remember that the only way to be a successful trader is by selling stock option premium This is the best option trading strategies that every options trader should know. I provide my full trading statements and also screen recordings of my transaction history (no one else does this). Teaching the stock market for beginners requires the best trading tutorials and options trading tips. Options trading require a lot of discipline and commitment You will learn how to trade stock options by using our free stock options tutorials. For online trading and investing, you can use a number of online brokers. Some of my students use ETrade, Interactive Brokers, ThinkorSwim, Fidelity Tastytrade / tastyworks or RobinHood for options trading strategies. Even with a free broker like RobinHood, you can make consistent money and profit by trading options We teach you about call options, put option, credit spreads & options strategies Learn how to trade options for beginners from the only real trader! Learn to make consistent profits in the stock market Only SELLING option premium will work! This is options trading 101, you'll also learn how to trade naked options and the best way to profit You'll learn what Option Alpha, TheChartGuys, tastytrade and Sky View Trading don't tell you! Learn this valuable skill and trade options to substantially increase your income Day Trading, Penny Stock trading, Swing Trading, forex, technical analysis and futures trading will leave you BROKE (you'll lose all your money) The only way to make money in the stock market is by selling option premium (not buying options) We teach our students how to trade options for consistent profits. Learn all about puts, calls, credit spreads, naked options We teach beginner traders through advanced traders Option traders for beginners and option trading strategies are available for free. Every one of my students can be a successful trader Learn how to trade options with my best options trading strategies Options trading strategies & stock market alerts for beginners and advanced options traders Be a successful and profitable trader 1) Why Only 10% of Stock Traders are Successful (and 90% Fail) Sasha Evdakov https://www.youtube.com/watch?v=W04cf... 2) Top Senior Trader on what it takes to become a successful trader SMB Capital https://www.youtube.com/watch?v=-pjZw... 3) How to Trade Options: A Beginners Introduction to Trading Stock Options by ChartGuys.com TheChartGuys https://www.youtube.com/watch?v=SB2vi... 4) Options Trading: How Much Money Will I REALLY Make Trading Stock Options? BestStockStrategy https://www.youtube.com/watch?v=u7ZrG... 5) What Are The Best Options Strategies for Small Accounts? Option Alpha https://www.youtube.com/watch?v=Iyoyv... 6) 3 Keys to Trading Options In A Small Account | Options Trading Strategies tastytrade https://www.youtube.com/watch?v=IQ4Lc... 7) Bill Poulos Presents: Call Options & Put Options (Options For Beginners) Profits Run https://www.youtube.com/watch?v=EfmTWu2yn5Q 8) How to Make Money Trading Options - The Vertical Spread Sky View Trading https://www.youtube.com/watch?v=6_0Sb... 9) Small Account Options Strategies Option Alpha https://www.youtube.com/watch?v=r3LQ1... 10) How to Trade Options: Introduction to Trading Stock Options Strategies BestStockStrategy https://www.youtube.com/watch?v=5yM8L... 11) Simpler Trading: Learn how to Trade Options, Stocks, ETFs, Futures, Forex Simpler Trading https://www.youtube.com/watch?v=XR8Cv... 12) Sky View Trading https://www.youtube.com/watch?v=Miybn... 13) Options Trading: How to Trade Options: Free Training to Trading Stock Options BestStockStrategy https://www.youtube.com/watch?v=228xF... 14) How to Make Money Trading Stock Options - Options Trading Naked Puts & Calls https://youtu.be/3xGOryiWfxg 15) Aggressive trading and a $1,400,000 profit – John Carter Chat With Traders https://www.youtube.com/watch?v=cewua... 16)How to Generate Consistent Income Trading Options Option Alpha https://www.youtube.com/watch?v=ej_6u... 17) How to Trade Stock Options for Beginners https://youtu.be/TF4CfPrlU1k 18) 90% of traders lose money... So how to be in the top 10%? UKspreadbetting https://www.youtube.com/watch?v=gYLyR...

"A Black Monday de 1987 foi muito assustadora, a pior de todas". Você vai entender como isso se passou nesta entrevista exclusiva com Tom Sosnoff, fundador da Tastytradde, uma empresa que hoje é um dos canais de midia mais visualizados na internet quando o assunto é Opções. Tom Sosnoff é trader profissional com mais de 40 anos de mercado, e palestrante em diversos eventos nos EUA, como o conhecido MoneyShow e o Traders Expo. Já foi market-maker na Bolsa de Chicago e um dos fundadores da Thinkorswim, em 1999, com a visão na época de que os investidores individuais mereciam melhor atenção e plataformas melhores para negociar opções. Em 2009 o Thinkorswim foi vendido à TD Ameritrade e foi então que Sosnoff e um grupo de investidores e amigos criaram a Trastytrade que tem hoje Tom Sosnoff e Kristi Ross como co-CEOs . A Tastytrade Inc., que incluem a Tastytrade e a Tastyworks (corretora própria lançada em 2017) recebe ao redor de 100,000 expectadores por dia em todos seus canais de midia. Se você quiser mais informações entre no site http://www.trastytrade.com

This video discusses the best RobinHood options trading strategies for beginner investors. You'll learn the best trading tips for trading / investing. Learn to trade and how to invest for beginners with the best options trading for beginners’ strategy (includes put options, call options and beginner strategy for beginner traders)   Remember that the only way to be a successful trader is by selling stock option premium   This is the best options trading strategies that every options trader should know.   Many of the other "traders" on YouTube are fake gurus who aren't successful traders. That's why they don't provide their trading statements and also they don't show their complete transaction history.   Teaching the stock market for beginners requires the best trading tutorials. Options trading strategies require a lot of discipline and commitment You will learn how to trade stock options by using our free stock options tutorials.   For online trading and investing, you can use a number of online brokers. Some of my students use ETrade, Interactive Brokers, ThinkorSwim, Fidelity Tastytrade / tastyworks or RobinHood for options trading strategies.   Even with a free broker like RobinHood, you can make consistent money and profit by trading options, We teach you about call options, put option, credit spreads & options strategies.   Learn how to trade options for beginners from the only real trader!   Learn to beat the market for consistent profits   Only SELLING option premium will work! This is options trading 101, you'll also learn how to trade naked options and the best way to profit   You'll learn what Option Alpha, TheChartGuys, tastytrade and Sky View Trading don't tell you! Learn this valuable skill and trade options for life to substantially increase your income.   Day Trading, Penny Stock trading, Swing Trading, forex, technical analysis and futures trading will leave you BROKE (you'll lose all your money)   The only way to make money in the stock market is by selling option premium (not buying options) We teach our students how to trade options for consistent profits. Learn all about puts, calls, credit spreads, naked options We teach beginner traders through advanced traders You can learn how to trade for consistent profits   Every one of my students can be a successful trader Learn how to trade options with my best options trading strategies Options trading strategies & stock market alerts for beginners and advanced options traders   Be a successful and profitable trader   https://BestStockStrategy.com  – Receive $400 worth of FREE options trading for beginners training   Trade Alerts Trial Offer: https://BestStockStrategy.com/members...     1) Top 5 Option Strategies for Monthly Income Sasha Evdakov https://www.youtube.com/watch?v=NqHYV...   2) Robinhood APP - EARN $1750+ MONTHLY with HIGH DIVIDEND Stocks! Doctor Dividend https://www.youtube.com/watch?v=R3PYM...   3) How to Trade Options: A Beginners Introduction to Trading Stock Options by ChartGuys.com TheChartGuys https://www.youtube.com/watch?v=SB2vi...   4) Options Trading: How Much Money Will I REALLY Make Trading Stock Options? [STRATEGY TUTORIAL] BestStockStrategy   https://www.youtube.com/watch?v=u7ZrG... 5) What Are The Best Options Strategies for Small Accounts? Option Alpha https://www.youtube.com/watch?v=Iyoyv...   6) 3 Keys to Trading Options In A Small Account | Options Trading Strategies tastytrade https://www.youtube.com/watch?v=IQ4Lc...   7) Bill Poulos Presents: Call Options & Put Options (Options For Beginners) Profits Run https://www.youtube.com/watch?v=EfmTW...   8) Easy Way To Find A Good Call Or Put Option – Options Trading Tips Trading Fraternity https://www.youtube.com/watch?v=qcYZq...   9) Small Account Options Strategies Option Alpha https://www.youtube.com/watch?v=r3LQ1...   10) How to Trade Options: Beginner's Introduction to Trading Stock Options Strategies (Tutorial) BestStockStrategy https://www.youtube.com/watch?v=5yM8L...   11) Simpler Trading: Learn how to Trade Options, Stocks, ETFs, Futures, Forex, and more! Simpler Trading https://www.youtube.com/watch?v=XR8Cv...   12) Sky View Trading Sky View Trading https://www.youtube.com/watch?v=Miybn...   13) Options Trading: How to Trade Options: A Beginners Free Training to Trading Stock Options BestStockStrategy https://www.youtube.com/watch?v=228xF...   14) How to Make Money Trading Stock Options - Options Trading Naked Puts & Calls https://youtu.be/3xGOryiWfxg   15) Robinhood Option trading for Beginners (tips and tricks to make money) Johnny Crypto https://www.youtube.com/watch?v=tRMGj...   16)How to Generate Consistent Income Trading Options Option Alpha https://www.youtube.com/watch?v=ej_6u...   17) How to Trade Stock Options for Beginners https://youtu.be/TF4CfPrlU1k

Best SMALL ACCOUNT Options Trading Strategies (Beginner Tutorial)   https://BestStockStrategy.com  – Receive $400 worth of FREE options trading for beginners training   Trade Alerts Trial Offer: https://BestStockStrategy.com/members...     This video talks about small account options strategies and investing. You'll learn the best way to use small account trading to profit.   Learn to trade and how to invest for beginners with the best options trading for beginners strategy (includes put options, call options and beginner strategy for beginner traders)   Remember that the only way to be a successful trader is by selling stock option premium Learn the best, and only options trading strategies that every options trader should know   Many of the other "traders" on YouTube are fake gurus who aren't successful traders That's why they don't provide their trading statements and also they don't show their complete transaction history   Teaching the stock market for beginners requires the best trading tutorials. Options trading strategies require a lot of discipline and commitment   You will learn how to trade stock options by using our free stock options tutorials provided via video.   For online trading and investing, you can use a number of online brokers. Some of my students use ETrade, Interactive Brokers, ThinkorSwim, Fidelity Tastytrade / tastyworks or RobinHood for options trading strategies.   Even with a free broker like RobinHood, you can make consistent money by trading options   We teach you about call options, put option, credit spreads & options strategies Learn how to trade options for beginners from the only real trader!   Learn to beat the market for consistent profits   Only SELLING option premium will work! This is options trading 101, you'll also learn how to trade naked options and the best way to profit   You'll learn what option alpha and sky view trading don't tell you! Learn this valuable skill and trade options for life to substantially increase your income.   Day Trading, Penny Stock trading, Swing Trading, forex, technical analysis and futures trading will leave you BROKE (you'll lose all your money)   The only way to make money in the stock market is by selling option premium (not buying options)   We teach our students how to trade options for consistent profits. Learn all about puts, calls, credit spreads, naked options   We teach beginner traders through advanced traders, You can learn how to trade for consistent profits. Every one of my students can be a successful trader Learn how to trade options with my best options trading strategies   Options trading strategies & stock market alerts for beginners and advanced options traders   Be a successful and profitable trader   1) How to trade stock options for beginners thebrownreport.com https://www.youtube.com/watch?v=D__it...   2) How Do Stock Options Work? - Learn How to Trade Stock Options for Beginners Bullish Bears https://www.youtube.com/watch?v=D8PKN...   3) How to Trade Options: A Beginners Introduction to Trading Stock Options by ChartGuys.com TheChartGuys https://www.youtube.com/watch?v=SB2vi...   4) Options Trading: How Much Money Will I REALLY Make Trading Stock Options? [STRATEGY TUTORIAL] BestStockStrategy https://www.youtube.com/watch?v=u7ZrG...   5) What Are The Best Options Strategies for Small Accounts? Option Alpha https://www.youtube.com/watch?v=Iyoyv...   6) 3 Keys to Trading Options In A Small Account | Options Trading Strategies tastytrade https://www.youtube.com/watch?v=IQ4Lc...   7) Bill Poulos Presents: Call Options & Put Options (Options For Beginners) Profits Run https://www.youtube.com/watch?v=EfmTW...   8) Small Account Options Strategies Option Alpha https://www.youtube.com/watch?v=r3LQ1...   9) OPTIONS TRADING FOR BEGINNERS

This video discusses the best options trading strategies for beginners and investors. You'll learn the best trading tips for trading / investing. Learn to trade and how to invest for beginners with the best options trading for beginners strategy (includes put options, call options and beginner strategy for beginner traders)   Remember that the only way to be a successful trader is by selling stock option premium This is the best options trading strategies that every options trader should know.   Many of the other "traders" on YouTube are fake gurus who aren't successful traders. That's why they don't provide their trading statements and also they don't show their complete transaction history.   Teaching the stock market for beginners requires the best trading tutorials. Options trading strategies require a lot of discipline and commitment You will learn how to trade stock options by using our free stock options tutorials. For online trading and investing, you can use a number of online brokers. Some of my students use ETrade, Interactive Brokers, ThinkorSwim, Fidelity Tastytrade / tastyworks or RobinHood for options trading strategies.   Even with a free broker like RobinHood, you can make consistent money and profit by trading options   We teach you about call options, put option, credit spreads & options strategies Learn how to trade options for beginners from the only real trader! Learn to beat the market for consistent profits   Only SELLING option premium will work!   This is options trading 101, you'll also learn how to trade naked options and the best way to profit You'll learn what option alpha and sky view trading don't tell you! Learn this valuable skill and trade options for life to substantially increase your income. Day Trading, Penny Stock trading, Swing Trading, forex, technical analysis and futures trading will leave you BROKE (you'll lose all your money)   The only way to make money in the stock market is by selling option premium (not buying options) We teach our students how to trade options for consistent profits. Learn all about puts, calls, credit spreads, naked options We teach beginner traders through advanced traders You can learn how to trade for consistent profits   Every one of my students can be a successful trader Learn how to trade options with my best options trading strategies   Options trading strategies & stock market alerts for beginners and advanced options traders     Be a successful and profitable trader   https://BestStockStrategy.com  – Receive $400 worth of FREE options trading for beginners training   Trade Alerts Trial Offer: https://BestStockStrategy.com/members...   1) How to Choose the BEST Options Strategy Option Alpha https://www.youtube.com/watch?v=9wSlr...   2) How Do Stock Options Work? - Learn How to Trade Stock Options for Beginners Bullish Bears https://www.youtube.com/watch?v=D8PKN...   3) How to Trade Options: A Beginners Introduction to Trading Stock Options by ChartGuys.com TheChartGuys https://www.youtube.com/watch?v=SB2vi...   4) Options Trading: How Much Money Will I REALLY Make Trading Stock Options? [STRATEGY TUTORIAL] BestStockStrategy https://www.youtube.com/watch?v=u7ZrG...   5) What Are The Best Options Strategies for Small Accounts? Option Alpha https://www.youtube.com/watch?v=Iyoyv...   6) 3 Keys to Trading Options In A Small Account | Options Trading Strategies tastytrade https://www.youtube.com/watch?v=IQ4Lc...   7) Bill Poulos Presents: Call Options & Put Options (Options For Beginners) Profits Run https://www.youtube.com/watch?v=EfmTW...   8) Top 3 Options Trading Strategies for Beginners projectoption https://www.youtube.com/watch?v=ScPLX...   9) Day Trading Strategies ($583.15 to $335,027.71) for Beginners: Class 2 of 12   10) How to Trade Options: Beginner's Introduction to Trading Stock Options Strategies (Tutorial) BestStockStrategy   https://www.youtube.com/watch?v=5yM8L...   11) Simpler Trading: Learn how to Trade Options, Stocks, ETFs, Futures, Forex, and more! Simpler Trading https://www.youtube.com/watch?v=XR8Cv...   12) Sky View Trading Sky View Trading https://www.youtube.com/watch?v=Miybn...   13) Options Trading: How to Trade Options: A Beginners Free Training to Trading Stock Options BestStockStrategy https://www.youtube.com/watch?v=228xF...   14) How to Make Money Trading Stock Options - Options Trading Naked Puts & Calls https://youtu.be/3xGOryiWfxg   15) Day Trading Strategies (momentum) for Beginners: Class 1 of 12 https://www.youtube.com/watch?v=txWaMpSzHhM   16) A SUPER SIMPLE options strategy in TASTYWORKS Option Engineer https://www.youtube.com/watch?v=C0LEPb19zkA     17) How to Trade Stock Options for Beginners https://youtu.be/TF4CfPrlU1k  

People literally ask me this one question ALL THE TIME… “Allen, how did come up with such a lucrative, safe, and easy way to trade?” I explain it all in my new book Passive Trading, get your free book here  https://www.passivetrading.com/free-book! Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that’s exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer.  -- How do you go from being a struggling trader to making a killing with options? That's what I'm talking to Dan Hayden about. You see, Dan Hayden is one of our students in our new course that we have released, it's called the Passive Trading Formula. He's been in the course for a few months, and he wrote to me, and was very enthusiastic and was very happy with his results. When I read them, I really could not believe my eyes. I was shocked and I was like, "Man, I got to interview this guy. I got to figure out exactly what he did, how he did it, and I have to share that information with you guys." This episode is an interview with Dan Hayden and how he is learning. He was already an experienced trader. He knew a lot of strategies and everything, but it was just something in the course that helped him to take it to the next level. Then we're going to help him take it even more to the next level.  If you are struggling, even if you've known a lot of strategies, even if you've done courses or whatever, but there is something still missing, I think this episode is something for you to listen to. Hopefully you'll get something out of it. Let's go ahead, let's cue the music and get with it. For more info on the program mentioned in this episode check out our Passive Trading Training HERE.   Dan, why don't we get started and let me know a little bit about you. Who is Dan? Why do you trade options? Dan Hayden:      Yeah, so my name is Dan. I'm in Upstate New York. I started trading options a long, long time ago just because I wanted to earn along with the normal earnings of the stock market and I wanted to complement my trading. Way back when, I don't know how, I think it was from my family, my grandfather, I was drawn to the stock market because it seemed like that's one of the ways in order to build wealth. Not to say that I had a lot of wealth, but it's another tool in your bag to complement your normal investing that you're doing with normal stocks. Allen Sama:        Do you work full-time? Dan Hayden:      That's when you and I got in touch with each other, because I was actually laid off. I had a awesome job, I was laid off, and I was at the point where I had to decide, "Shoot, do I just retire now? Do I go back into the workforce?" I had an awesome job and loved what I did, but I did travel a lot and it took a lot out of me. Therefore, it hampered my ability to just trade options because I was so busy. When I contacted you, you had a promotion going for your new program. Right now, I am consulting. I do some work on the side and I am trying to, with your services, and system, and help, and as well as people on your site trying to get back into it, trade, develop a strategy so that I can comfortably earn a couple of thousand dollars each month is my goal. Allen Sama:        Yeah, I mean your story is very similar to a lot of the stories that we hear. People have been working really good jobs, they're making a decent amount of money, their family gets accustomed to a certain lifestyle. Then because of the economy, or the company, or something happens, and that job and that income is not there anymore, then the question is, "What do I do now?. [inaudible 00:04:01] go back into the workforce?" If I do, a lot of times it's hard to make the same income as you were making before in the same job. Dan Hayden:      That's exactly right. Allen Sama:        That supplement income has to come in [inaudible 00:04:14]. Then a lot of people come and say, "Okay, I have money that I have saved up over the years. How do I make the most of it?" I'm really excited that you're taking action. Dan Hayden:      As we spoke, you and your program has given me the confidence to realize that. All of these services, and I get way too many in my emails, and they're provocative, they stimulate your interest and you're like, "Oh, wow. Maybe I should join this. Maybe I should do this."  It was great because as I jumped in, it made me realize that I am blocking all of these other emails that come to my inbox, and I don't want to be clouded by they have the best new widget, and they have the best this and the best that. Because you've shown to me, and I have questioned you that these other places are making something very, very easy complicated. Your scanning, your reviewing of the three moving averages, and showing the trend makes it very, very simple to select the trades that are applicable. Allen Sama:        There are people who are traders and then there are people who are expert marketers. Sometimes I envy them, some of the other companies. They're like, "Man they make hundreds of millions of dollars a year selling their services. I wish I could do that." Dan Hayden:      Yeah. It's all what you want too. If you're a really good trader ... I always said, if you're a really good and you have something that's really, really a great program, why do you have to charge people right away? Let them get into it and then bill them. If you're so good at trading, why would you even offer this because you can just stay at home, do your trading and make your money there. Why do you have to offer these services?  That's where the suspicion comes in. I just had one in about a year, a year and a half go subscribe to them. That's when the market turned. I realized that they're not doing anything different than I was doing in selecting the verticals to trade. Their losses were like my losses on my own. It's like, "I can I lose my money on my own without having to plunk down $750 or $1,000, or whatever." When you and I, when I applied to your program, it was perfect timing because I was down. I was hitting the chops because you never expect you to be laid off. Never in my life had I been laid off before. I'm like, "I had invested and been wise with my money all my life." I was at the point where I could say, "Well maybe I can just stay home and enjoy my family, and relax a little bit and start getting back into trading options."  It was perfect timing because you lifted me up and got me back into trading. It's been fun. You have a very practical approach to selecting stocks to trade on. I also like your methodology of thinking. It's almost like a cycle. You could sell puts on really good stocks that you want to own and collect dividends, because I have another fund that I do that with. You own those stock and then you can trade covered calls on those. You can bring in, if you are executed and you do now own Verizon with a 5% or whatever it is dividend, and then you start selling covered calls on those so you have more income coming in. Then you're also doing your vertical spreads so you have additional income coming in. Technically there's three ways to create an income stream and it just made a lot of sense to me. Allen Sama:        For our listeners, I just want to let you know that Dan is part of our Passive Trading Formula program, our course. That's what he keeps mentioning, the program. That's the one that he's in. Basically the idea behind that is I got to a point where in my own trading, where I didn't want to spend os much time watching the markets and watching my trades. You can do that in the beginning if you're just starting out with a little bit of money, you have to be a little bit more aggressive, so you have to take more risks. But eventually you get to the point where you're a little bit older or you [inaudible 00:08:47] a little bit more money, and you say, "I just want to do this in a passive way." The myth is that if you're not as actively engaged, you won't make as much money. Dan has proven that, what would you say, Dan? In the first four months of 2019 or the first five months, your paper trading account was up about 90,000? Dan Hayden:      Yeah, but I do have to take a little bit of that back because some of that I was called out on and it impacted my results. But I think overall it was $45,000. Clearly ... Allen Sama:        In about five months? Dan Hayden:      Correct. Yes. Allen Sama:        On what type of account? Which size? Dan Hayden:      I did a paper trade account and I automatically, I think I put in $250,000 into it. Allen Sama:        All right, that's a really sweet gain. How long do you think you spend every day on your trades? Dan Hayden:      It's actually changed because from the beginning of the year, I think we got started in January, I had all the time in the world. Then I just got called for a contracting position, so I am working as a consultant with a company right now. I've pulled out a little bit more. I traded a lot for January, February, March, April. May has been a little bit less. I just have to figure out what my time scan is going to be so that I have the appropriate amount of time to be trading. Allen Sama:        Do you think that the trades that we're doing require a lot of time for you? Dan Hayden:      No. I think in and this is something that I want to learn more of and I asked on our call last week is that I want to be able to set automatic stops, which I know you're not a big of, but I want to get into a method of basically setting stops right when I set up the trade so that if I do have to fly somewhere, I don't have to be with a computer.  Time wise, not at all. I started with my watchlist, you'll see two watchlists on the left, I started with mine and then I put yours in as well. I like yours better. Now I'm also just scanning through companies that I know there's no premium to paid on them. I don't even go to them, I just go to the next one. It almost seems like I'm trading the same stocks over and over again. [inaudible 00:11:32] less and less time. Allen Sama:        Yeah, that happens. You develop some favorites and you like the way they're acting, you like the news that's coming out. Some of them might be on your list. You might trade them over and over again for two, three years. Eventually stuff will change, the stock will change, it'll change is behavior. Maybe a new competitor will pop up, or new CEO or whatever. Then it'll drop from your list. You're be like, "I don't want to trade that one any more. It's not acting the same way." That's why we focus on that watchlist and say, "These are the same companies I want to watch every month." Then you get a second feel, like a sixth sense that it's not acting properly. Let's not trade it this month. Let's just relax and watch it, and then we'll maybe look at it again next month. Dan Hayden:      Absolutely. I hope more and more people start getting active in your site with interactions because I've learned of companies that I've never even heard of before that have very good premiums. It's been interesting picking up a stock here or a stock there that you can start to track as well. Allen Sama:        That's why one of the reasons we have everybody put the homework inside the group itself, because that helps other people. Anytime somebody puts in a homework assignment and says, "Okay, these are the trades I've found that I really like." Other people could look at those and be like, "Whoa, that's a really good trade. I think I'm going to do that one." Dan Hayden:      Exactly. [inaudible 00:13:03]. Allen Sama:        There was a couple that I found from somebody that put them in and I'm like, "Oh, wow. I didn't even know this one particular stock was paying that much right now." I was like, "Wow." Dan Hayden:      Exactly. Some with very rich premiums. That's what we're all looking for. I like it when people, when they communicate. I think people shouldn't be ashamed or nervous about asking questions because everybody is starting out at different levels so that when experienced people can support the young people, or the new people just starting out, it makes for great interaction and a great learning experience in your group. Allen Sama:        What strategies have you decided to focus on? Dan Hayden:      I have been doing some naked puts, some selling. Then I started with covered calls only because I have a couple of stocks that I have a lot of shares in and I said, "Okay, I want to build up some income," but I haven't focused on that too much. Most of it has been vertical spreads and selling puts.  If you're on right now, I guess I'm a simple guy, I got to make it really easy for myself. What I'll show everybody is basically I'll go through here on the left-hand side, and I'll start with my watchlist and the charts. You'll see here that I have the three simple moving averages, the 20, 50 and 200. You can see that I ... You want to go with the market. If the market's up ... Allen Sama:        On the screen you're showing your Thinkorswim paper trading account, right? Dan Hayden:      Correct. Yes. Allen Sama:        Yeah, okay. Dan Hayden:      Like I said, I think I started with 250 and right now net liquidating would be 484. Clearly it's been pretty nice. I wish this was really money, but this has been really fun. As you've told me is to develop the confidence to basically start cash trading at the right time, because you did, you were very pointed to me, how long did it take me to learn my trade? Because I wanted to go right in, "Okay, hey. I've been pretty successful. Can I go right into cash now?" You said, "Give it some time, get more comfortable." It's true. Hey listen, we're going to lose some money, but if we win more than we lose, we're going to be way better off. I'll just scroll through and see which ones are either above the 20, 50 and 200, or below the 20, 50, 200. For example, ADM I'll say no because it's right in the middle and it's just not one to be traded. AGN looks like it's down, so that's something where you could actually do a call. This is Allergan and I think Allergan pays a good premium. What I do is I come right over to ... For people who are watching this, what I'll do is I set up basically almost three screens going at once. You can do this, and I know Allen, you did this on one of your calls, but you can do this by detaching this layout right there. I detached two layouts. All this is to do is just to make it simple and quick, so that I can scroll through, select ones. Then you see down here on the bottom left and if I'm scrolling all over the place, I apologize, but I have on my scratch pad basically the numbers that I want for my verticals in order to know that I'm at the 10% level. Right away, as easy as it sounds I always like, "Okay, I got to look. Is this 10%? Is this 10%?" As Allergen showed, it's down. I would look and say, "Okay, let me look at some calls." I'd go to a delta of typically we're working around the 10%, so I looked between seven and 14. Maybe got to the 14, which is 140. I go over to this page and look at the 140, it's /135. Okay and it says it's not available. I don't know why it wouldn't be, but maybe it's just uploading. Not available. Let's go to the next one. I would scroll down all of these. This one looks good too because it's above the three moving averages. However, it looks like it's dipping down a little bit for AIG. Got Applied Materials.  This is how I would scroll, as you've educated me in looking for those that are either above or the below moving averages. Altria is a good one. I'm trying to think of some of the goods ones that I like. I can go here. Broadcom, AVGO, that's one that I have traded almost every month and is a pretty good one, so let's go to it. Allen Sama:        In terms of the credit spreads or the layup spreads, do you follow the rules as laid out in the course or have you modified them? Dan Hayden:      No, I pretty much follow your rules. I probably have gotten a little sloppy this month because for example, I was gone this week traveling and I wasn't on top of it as much as possible. I'll travel with my iPad and leave my computer at home, and my computer basically is the best one. iPads I have trouble basically executing the trade with Thinkorswim. Allen Sama:        Oh, it's not the same thing? I know I do it on my phone, so I use their app on my phone. I've never done it on an iPad before. Dan Hayden:      Yeah. I can't get used to the phone app either, but either one, I'm more comfortable with the MacBook. I'm just going to bring up Broadcom to see where we are at right now. Right now it's right in the middle of these three, so I would stay away from a trade right now. Allen Sama:        About how many trades do you put on at a time? Dan Hayden:      It all depends. It all depends on what's telling me to trade. Right now I have, there's a put. The puts are on Altria and AT&T, two high dividend players. If I own them, I'm good. If just take the premium in, I'm good and then I'll do it again next month. But right now I have NVDIA, Intuitive Surgical, Campbell, Arcadia, Pacific and Broadcom.  You can see here, profit and loss. These are things about setting up automatic sells when they hit a certain point. Allen Sama:        Let's say you got about one, two, three, four, five, six, seven, eight, nine. Nine trades on. Dan Hayden:      Yup. One, two, three, four, nine. Allen Sama:        In addition to your covered calls. Dan Hayden:      Covered calls, I've stopped doing those. I used to do the covered calls on these stocks right here, but I was ... The covered calls to me, I'll get into those later. With Alexion, I have 1,000 shares of that. That's the one I really wanted to stay focused in on. But I've put that on the side burner. I'm just doing the puts in the vertical spreads. Allen Sama:        The thing is, with the different strategies, you can take and see what the market is giving you, and you can manipulate. If you're in a bull market, naked puts, they do awesome, put spreads do awesome. Covered calls, if you're not in the stock, if you don't own the stock and you just want to get out every time, then they work really well. In a sideways market, I love covered calls. Dan Hayden:      Which right now, would you consider us being in a sideway market? We're up one day, down the next, up one day. I would think ... Allen Sama:        We're still in a pretty good bull market in a sense where we're a 1% or 2% away from the all-time highs. I would say we're still bullish, especially if the fed does cut rates again. We have all this other news going on, all the noise that goes on in the market. But for the last, I don't know how many years, the bull market has been there because the fed had rates so low. I think that if they start cutting rates again, that's just going to signal to the market again that [inaudible 00:21:15] just take it up higher even more.  In my opinion, yeah, it's a pretty good bull market. Yeah, you can still make money with non-directional trades, but overall I think we're ... I like this type of market where it's going higher, but it's doing it slowing. We're not like shooting, shooting up higher. Not too much volatility for our premium to be good. We can make our 10% on our spreads and not have to worry about too much movement. Dan Hayden:      That might be help too, is to say, in a bull market, a slow rising bull market, it's best to trade the puts, covered calls. What would be the best vehicles in select markets, that might be helpful too. For me, whatever spits out as I scroll though, and I try to scroll through on Monday morning to determine what I'm purchasing for that next ... What don't we try 25 to 35 days as the best timeframe? Or a little bit longer. For example, Allen, SPX right now, it's above the three moving averages. Technically this looks like it could be a trade. This is the vertical. Allen Sama:        I've noticed that [inaudible 00:22:36] here, when you're looking for trades you're looking at the monthly ones. But on some of your trades that you already have on, you've done the weeklys. Dan Hayden:      Yeah. I try to do it, I think you said the sweet spot is 30 to 40 days out, so I'll try to go 30 to 40 days out. I think those were set last week. That's typically why. Right here, I would look at this 35. If I'm wrong, you let me know. With SPX above the three moving averages, I look at the 35 and look over here on the puts. I would look at is the delta around ... What do you like? You like deltas around 20? Allen Sama:        It depends on how many days. I would like to get it as low as possible, but if I'm going in there about 30 days or less, then the delta increases probably about 20. If I'm at 35, I might try to get a 15. But really, we're trying to make 10%, so I'd like to get as far away from the money but still be able to have a potential 10%. The delta in that case, I use it more as a guideline, not as a hard and fast rule that this is the delta I'm going [inaudible 00:23:45]. Dan Hayden:      Just to give anybody ideas, I have it set up so you have the singles on one page, so I can automatically go to what I was looking at, which was the SPX. I'll go down and I'll look for between a 10 anda 20 delta that brings in good returns. I would go down here, let's say, to a 15 delta, 35 days out. It's somewhere around 27.20. Then on this next page, I already have the verticals pulled up, so I can automatically look and say for the 15 deltas, 27.70, I can almost right away go to 27.20, so 27.20. I am doing 27.20, 27.25, which would be right here. I wish I could show you exactly what the bid-ask spread was, but it could be because of the bandwidth, but I'd be looking at this area. You've got plenty of open interest. It's the SPX, so you can expect that.  I would be looking in this area between a 10 delta and a 15 delta. Then I'd automatically go over to my, this is up here, so I automatically go over to my scratch pad to make sure that whatever I am trading, I'm making 10% on that money. Allen Sama:        That's why I think you need the computer instead of the iPad, because you have so many screens open. Dan Hayden:      That's probably it. But as you get going, I'll minimize these screens for the verticals, and I'll minimize the screen for the singles so that I'm actually overlaying each one. Right away I can go from one to the other, to the other and say, "Yup, that's a trade." If not, then I go right back over here, click this and go to the next stock.  If you have a big screen and you're at a desk, this is easy to do. Allen Sama:        Yeah, [inaudible 00:25:47]. Dan Hayden:      But I'm lazy so I carry around a laptop and don't want to hook it into an office. I typically sit on my front porch, and make the trades and make my notes. Allen Sama:        That sounds pretty sweet, man. Making money on the porch. Dan Hayden:      I overlook one of the Finger Lakes, so you got to take advantage of that too. Allen Sama:        Okay, so you told me that your goal was to make about a couple thousand dollars a month. Dan Hayden:      Correct. Allen Sama:        Do you think you've been doing this for what about six, five months now? Dan Hayden:      Correct, yes. Allen Sama:        Do you think you have the confidence to start going real money? Dan Hayden:      I do. I do. I have confidence and I have confidence in the selection criteria. I asked you, I said, "This is way too simple. This doesn't make sense." You can get pushed up and above, but you use your rules to get in and get out. You can minimize the losses because in this crazy market, anything can happen. Macroeconomically anything can happen that can impact these markets quickly. We can get pulled around. I've seen in. Where I get in, it makes sense. [inaudible 00:27:04] trading below or above the three moving averages, and then all of a sudden the market goes crazy and does something opposite. I've seen it right at the beginning of this year. That's the only thing that I have to build more confidence on, and I'm working with the Thinkorswim platform is that when I do make the trades, I am going to start setting stop orders so that if it hits a particular level of a loss, I'm out. If it hits a particular level of a gain, for example, at five cents, 10 cents, I'm just out. I move out, Thinkorswim has a pretty good commission rate so it's not costing me a lot to get out. At five cents I think it's free, and then I move on to the next trade.  Yeah, the confidence is there. Do I get nervous that I don't want to lose money? Absolutely. But you got to expect that if you have good rules, any money that you do lose should and could be minimized. That's the one thing that I have to integrate into my trading because hey listen, I had the time to be at the computer every single day for an hour, and check on my trades. But as recently, I really haven't because I've been flying around and meeting up with these companies. That's why I want to get good with setting up automatic stops. Allen Sama:        It's about an hour that you said, you spend about an hour looking at your trades when you can? Dan Hayden:      Yeah. It doesn't have to be every day, but probably an hour throughout the week. Especially if there's some newsworthy events happening, you want to be on there definitely during that day. But it's probably an hour a couple of times a week. That's only, that's like managing seven trades or so, something like that. It's not a lot of trades, not a lot of time, but typical to when you pick up this laptop or computer, I get carried away and I start looking for some other good dividend playing stocks [inaudible 00:29:08], because I love the scans.  Here's one that I did looking for dividends, high dividend plays and what I could maybe sell puts on. I'll do certain other things while I am looking at the trades that I have already open to try to create other opportunity. Allen Sama:        [inaudible 00:29:30] you just love this stuff. You're just into it. Dan Hayden:      I do. I do love it. Allen Sama:        If you didn't get sidetracked, it would be so easy. Just log in, check it out and I'm out. Dan Hayden:      Absolutely. People go on Facebook and all this stuff. It's great to keep up with that at stuff, but I enjoy looking at the stocks, the stock market and just trying to pull a little bit from the market into my accounts. Allen Sama:        Yup, yup, yup. Okay, you've been ... All right, what else? I had a couple questions for you in my mind. They just slipped. Dan Hayden:      See because you're probably looking at your screens right now. Allen Sama:        No, I'm looking at yours. I'm at home. I didn't even make it to the office today, so I'm just looking at the laptop. All I see is your stuff.   Wait it's funny though, you don't usually Analyze tab. I use that one almost exclusively. Dan Hayden:      Yeah. Before I got with your service, I used to use it all the time because I used to do these butterflies, and things that I picked up from all of these services that were trying to get your money. So I did use this a lot to analyze broken wing butterflies, and we used to do iron condors with butterflies in the middle to bring the iron condor up higher. I'm not the smartest guy at this, but I was learning more and more about this as I started to throw on another trade, either to save things or to increase my profit. Maybe it's something I should be using more. Do you use it just to see about your profitability, and when it does break even and start losing? Allen Sama:        I like putting the lines on the chart, but you know how it says they are add simulated trades? Dan Hayden:      Yup. Allen Sama:        I'll just look at that one and that pops up the option chain as well. I'll go down to a specific delta. You know how you were looking at should I do this one, or should I do this spread, or should I do this spread? Dan Hayden:      Yup. Allen Sama:        Then I'll just pop it up, I'll just pick one, do it as a vertical and then it'll have the numbers down at the bottom. So it'll be like, "Okay, so the 100, 105, he's giving me 50 cents and then the 105, 110 is giving me 25 cents." I can have two or three perspective trades on the screen. Then I'll just leave it there. Sometimes I'll do a trade and there is certain stocks, like I know IBM. It doesn't have a lot of premium, but it's a very slow moving stock. I like to trade it, but you have to get in really early. Sometimes you have to get in 40 days or 45 days to be able to get decent premium amount. Dan Hayden:      [inaudible 00:32:04] decent premium? Allen Sama:        Yeah, in order to get a decent return.  I'll go and I'll check it, and sometimes I'll leave it there. Or some other stock that maybe on the chart looks really good, but it's gone up too much or gone down too much. Right now, I'll put in a trade. I'm like, "Oh man, I really want to do this trade but it's only giving me 9%. Oh, gee. Okay." I'll just leave it there in the analyze tab, and then maybe two or three days later or a week from now, I'll come back and I'll look at it again when I'm going through my list, and I'll be like, "Oh okay, this one now, it's giving me 10 and a half percent. Okay, I can do it," because it pulled back or it moved around a little bit. It just stays there. Then if it doesn't work out, then you could just exit out and delete it, so it's not a big deal. Dan Hayden:      Now is that in our trading videos? Do you have a session on that? Allen Sama:        No, I don't think so. That's just something I picked up myself. Dan Hayden:      Yeah, that'd be cool to go in your brain and see how you use that function with the add simulator trades, because when I went into analyze, I would always go to the risk profile. It's interesting how you use the add simulator trade. Allen Sama:        I like the risk profile too, just to tell me what is exactly the probability and then I like to put it on the chart. I like to put my break-even line on the chart and just see it. I know your fooling yourself because you think, "Oh, that's so far away. That's never going to make it." You're fooling yourself, but I just like the way that looked. Dan Hayden:      No, that would be cool for one of your programs just to say something that, "This is how I approach this in monitoring whether I should get into a trade or not get into a trade." Allen Sama:        Yeah, so we can do that. We'll do that. Let's do that on the next coaching call. I'll go in ahead and go through the screen and we'll do several of those. One thing I also wanted to mention, you got your scratch pad. That's really cool. But for me, to keep it simple, if I'm doing a five point spread, I'm looking for 50 cents. If I'm doing a two and a half point spread, I'm looking for 25 cents. Dan Hayden:      Exactly. That's typicalLy how it [inaudible 00:34:14], $1 spread, you're looking at a buck. Allen Sama:        That's a little bit more than 10%, it's like 11% if you get exactly that. You can say, "Okay, I can go down a penny or two. I'm okay with that." Dan Hayden:      Yup. You got some flexibility. Yeah.  You know what else I noticed too, Allen, is when I go to set up a trade and it's a good trade, but it just misses the mark for example if it's a dollar spread and it comes in at 0.08 cents, a lot of times I'll put in 0.09 and leave for the day, and it hits. Throughout the day, something happens. Maybe the stock changes a little, the prices changes a little bit, but I'm like, "I'm close enough where I'm basically at 10%, but I'm going to set the 10% and walk away." I've had more and more stocks, it fills while you're never there with a good premium. Allen Sama:        That's a good tip. Dan Hayden:      Yeah, that's something else that I've done a couple of times.  Hey, this is the time that you experiment a little bit. You don't want to nick your percentages, but you also don't want to miss out on a good trade because there's some weeks where it's tough to find a good trade. Even the consistent one's just not offering a premium for some reason. Allen Sama:        Yeah. It goes through different ups and cycles. When you have earnings, it's harder to find a good trade. Sometimes you have to go to ETFs or something. But what you just mentioned, putting in a trade like, "I really love it and it's really close. Let me try it." It's not going to hurt you. You put that on and sometimes because of the way the option premiums are priced, maybe a large order comes in, or the stock moves and down a little bit, and the premium just move more than they should sometimes and you get filled on those. Dan Hayden:      Yeah, that's been interesting. You made it really practical, how to approach it. Also, I will say that there's one gentleman who put on the site Excel spreadsheets, which I downloaded and they're awesome. He has a really great profitability chart, so you can put the numbers in and it'll calculate it out automatically. I can't remember the name of the gentleman that did it, but really nice addition in your site. Allen Sama:        If somebody was thinking about joining the course, the Passive Trading course, what would you say to them? Dan Hayden:      I would say people can hear what they want to hear, but there's so much pollution out there from these other services. You teach a person to fish so he can feed for a lifetime, and that's what I wanted. I don't want somebody to basically take the steering wheel and drive the car. I want you to teach me how to drive the car so that I don't have to rely on other people. I would absolutely recommend it. There's as much risk as you want in it, but you control your own destiny. That's the best place to be in because I don't want to send my $1,000 to this service and they're the ones picking out the trades, when in all reality you simplified it to such a fashion that you can join this service, but then you can learn it and move on if you want.  Hopefully they stay with you and they believe in you because I believe in you right now. You've simplified something that quite honestly as you first join, can be way overwhelming. But you made it simple, you've allowed for three different ways to have extra streams of income, and you teach us to do it. That's the best thing that you can ask for. Yes, I would definitely recommend people to join. Allen Sama:        That's funny too because you said you've studied iron condors, you've studied broken wing butterflies, which is a pretty advanced trade. But you're like, "I want to go back to this stuff that actually keeps working. I'm not going to go so advanced. I want to try to make it simple so that it doesn't take a lot of time, and you don't ave to monitor it so much and is just a lot less stressful," I think. Dan Hayden:      It absolutely is because the more things you stop placing on, the more you do have to watch the monitor, and the more you have to react and do other things to fix that broken wing butterfly. The only reason, Allen, I got into broken wing butterflies is because I paid a service to basically teach me how to do broken wing butterflies. It's probably a really good service, but quite frankly, it's way too complicated. It's not necessary. A vertical spread, if you get good at it, it can be boring, over and over, and over again. But if it's boring and your account is growing, that's a good thing. Allen Sama:        Yeah. That's how we designed it. We want it to be boring, we want it to be passive so that we can actually go and ... Dan Hayden:      Enjoy life. Allen Sama:        ... spend time doing what we want to do. Yeah. There are people that want to be on the screen all day checking their stock, and checking their trades and what not. There's definitely a place for that.  In the beginning, I tried it that way. To me, the more complicated it got, the more I realized that maybe I'm not the smartest guy in the room, but there is so many extra things that I can miss. I'm like, "I'm just a normal person. This is getting too complicated for me. Let's just tone it down. Let's take something that works, I know it works." What I love with you is you've put in the time, you've put on the trades. How many trades have you put on since you started paper trading? Just ballpark. 100? 200? 500? Dan Hayden:      No. It's not that many. It's probably a little over 100. Allen Sama:        Okay, so 100 over five months. So 20 a month, that's decent. You were practicing, you're gaining confidence, you're learning how you like to set it up with the three screens, and how to monitor it, and set up your charts and all that stuff. That takes a little bit of time, but now I think that you're at the point where, "Hey, I turned 250 into 484." Dan Hayden:      Right. Right Allen Sama:        That's [inaudible 00:40:29] double. That's really good. In five months, holy cow. Now it's time for you to now slowly, slowly transition, I think, into the real money. Maybe you pick one ... Or maybe you start with a small amount of your capital, whatever amount. You start with a little bit. Maybe let's do three spreads and two covered calls a month, or two puts and three spreads, or something like that. Dan Hayden:      Exactly. Allen Sama:        Let it out. Dan Hayden:      With a lot less contracts. Allen Sama:        Oh yeah. Yeah, of course. Yeah, [inaudible 00:41:04]. Dan Hayden:      Here I'll do 10 contracts every single time. There, real money, I'll probably do between one and five contracts. Allen Sama:        Whatever the amount you have to work with, [inaudible 00:41:18]. If you have 10,000 to work with, okay, I'll do $1,000 in each one or something like that. Dan Hayden:      Each one, exactly. Proper money management. Yeah, [inaudible 00:41:28]. Allen Sama:        The contracts doesn't really matter, but the fact that you've almost doubled it in five months means if you were working with a $10,000 account, you would have done the same trades. You would have been almost the same thing. The numbers, you just add zeros at the end for more money. That's what I love too that you can start out small, do the same exact trade. You don't need $8,000 to do a trade. [inaudible 00:41:48] trade, just add zeros to it. Dan Hayden:      Yup. I have a Roth account and I keep saying, "I want to grow that Roth account." I think what I've decided is that with the Roth account, I'm going to sell puts. Then if it's executed and I own those shares, I'll sell covered calls really close to the money. Basically just keep transferring the stock. Take big premium by selling very close to the money. If it hits, okay, I'm back into cash. Now I'll sell that put again really close to the money, take a good premium. If it hits, I own the stock and now I'll sell covered calls. I just want to grow that Roth IRA money so that there's a significant amount there that's all tax free.  I've segmented it there, and then start with my cash account in selling verticals. Verticals is what ... That's the primary breadwinner I should say. Then I have an account that has a company with a significant amount of shares, and I'm just going to sell covered calls on that one. It's like three different accounts with three different principles. Allen Sama:        The company that you just spoke about, I believe you told us what it was earlier. Why are you in that one? I'm just curious. Dan Hayden:      I worked for them, so I accumulated shares over the years. Allen Sama:        Okay, that makes sense. Are you allowed to sell those if you had to? Dan Hayden:      Yeah, because I don't work for them any longer. Allen Sama:        I see. Okay, cool. Dan Hayden:      Part of me thinks about selling them, part to them thinks about just taking an income each months. It's a volatile stock, that's the problem. It can be tough trading, but if you take chunks and you sell covered calls at different levels, like one close to the money where I might lose this, but okay, so I just cashed in on 250 shares, I sell a little bit further out so that I still own those shares, and then 250 I sell a little higher. I don't bring as much premium in, but I know I'm keeping the shares. Allen Sama:        That's the thing if you work for a company, you have a little bit of a inside track to see how the company is doing. Are they hiring more people? Are they letting people off? If they're letting a lot of people off, okay there's something going on. If they're hiring more people, if they're expanding, if they're spending more money on marketing. You hear all that news that as a trader ourselves, we might not be privy to all of that unless we really dig into the information. Dan Hayden:      Correct. Allen Sama:        To be able to trade a stock that you own because you work there, I think that's a big leg up. Dan Hayden:      Yeah. Allen Sama:        Even now I'm sure you still have friends and people that work there that you know. You can stay on top of that information. Dan Hayden:      Yeah, in some instances. But then again, it goes to show that the market will do what the market wants to do because I've been around where we've had awesome quarters and we got hit by the market. We lose. Nothing's a sure thing. I remember those days where we'd have a blowout quarter and we were down 10 points. It made no sense at all. Yeah, it's good to be affiliated with it, but it's also they can throw you curve balls and make it very frustrating too. [inaudible 00:45:17] go in thinking about vertical spreads straight up and then whatever else you start accumulating through your puts, sell covered calls on, have a method to start creating your stream of income in three different ways. The way you trained us, I think is a beautiful way to begin growing your stock accounts and making money passively. Allen Sama:        Yeah, and thank you for saying that. One of my goals is the stocks that I buy, I want to get them for free. I want to get so much money back from them that I didn't pay for them. I got my money back. Then you're playing with the house money, and whatever happens happens. I'm okay because I got my money back. Dan Hayden:      Yeah, that's exactly it. That's why I think young people should be doing this as quickly as possible because they have the ability to do that, and doing it over and over again, taking in the premium which reduces the cost of the stock. Then you're saying, "Hey, it doesn't really matter because I bought this at this, I've taken this much in, and basically I own the stock for free." Allen Sama:        Then it doesn't matter if it goes down, it goes up. You're getting a dividend, you're like, "Okay, I'm happy." Dan Hayden:      Exactly. Yeah. Yup, absolutely. You still have the shares, so do whatever you want with the shares. Allen Sama:        What would you say is the biggest thing that led to your success? Dan Hayden:      Well success is ... Allen Sama:        Well I know you're being humble but seriously, but seriously, to double [inaudible 00:46:43], to double your money in five months, I've never done that. You're doing something different, you're doing something special. What do you think caused it? Dan Hayden:      For me, it was just finding out ... I needed a method to ... I just wanted a recipe. Give me something that is easy, that I can select stocks that makes sense, and then doing it.  It was basically providing the methodology, which I have because of these three simple moving averages, and then executing. That's it. It's not rocket science. This is paper traded, so you might get a little bit over ambitious with one trade over the other because it's not your money, but just to me, the most important thing was developing that method, having confidence in knowing if it's above or below that three moving averages, and the stock's trading up, and so is the marketplace trading up, it's a good sign that this is going to be a good stock to trade. Now let's look at what the returns can be, let's look at the verticals, let's look at the individuals to find the right delta. Having that method to basically weed out what you should be trading. Allen Sama:        Yeah, a lot of people, when they first hear about it they're like, "It can't be this easy." Then you said the same thing. Dan Hayden:      I did. Yup, I wrote to you and I said, "There's got to be something else I have to throw in."  You see my screen, this is from the old days where I'd be looking at volatility, standard deviations, [inaudible 00:48:19]. I tried to come up with the best technical analysis and seeing if the stock anticipated to go up, down, what. You don't need this. This was the olden days where I had all this stuff at the bottom and I've just never turned it off. You could take out all that noise, and basically just look at the charts and have confidence in what you do. You're going to have curveballs thrown at you every so often, but be ready for those curve balls, and get out with minimum losses and you'll come out way ahead. Allen Sama:        I think that's where asset allocation comes into play, especially with the different strategies. If you're only doing spreads and you're only doing put spreads because the market's going up, but then it drops, you're behind an 8-ball, you're in trouble. But if you're doing a little bit in the puts, a little bit in the calls, a little bit in the spreads, a little bit in something else, then you can weather the storm. It's not one trade will be doing good, the other trade will be not so good. The way we talk about it is, every month has the potential possibility of being a very good month. If you have a good month, and a good month, and a good month, and a good month, but then you have a bad month, which is going to happen, if you do it right then the good months will overcome the bad months. Dan Hayden:      Absolutely. Yup, yup. Allen Sama:        In the long-run, if you look at it a year, two years, three years down the road, you'll be like, "Okay, I'm up a lot. This really [inaudible 00:49:50]." Dan Hayden:      Exactly. [inaudible 00:49:51]. Allen Sama:        Some people look at it and say, "I tried it for a month and I lost money on two of my six trades, so this sucks." I was like, "Well, that's the way it works." Dan Hayden:      Exactly. Even the professionals lose. You just have to know how to minimize those losses, and that's the biggest thing. That's something that I have to do. You can see some of these losses that I have to be more proactive in setting up my losses when I set up my trades. The minute that trade hits, I got to go in and say, "Okay, I got to get out when it's profit of this or a loss of that." That's all in your ... I don't have my notes with me, but it's all in your notes for these losses.  I brought up this screen here that shows my puts. I have Altria, and I'm okay. I'm okay if own this. My fear when I put a put on, like you just talked about earlier, is suppose something happens macroeconomically between they decide not to lower rates, Iran does something, China does something and it drops heavy like Altria goes below that 47.50 put. Well now I just bought it at 47.50, but it's at 45. That's a hurt. The only thing you can do to get away from that because you're fully exposed when you do this, is just to start selling calls close to the money to say, "I either get out of the Altria and take a minimal loss, or I'm good because I believe it's going to be coming back, and plus I'm making my dividends."                                 We talked about fear, how as a trader, you're fearful of losing money. Well I'm fearful of having to buy Altria if the market drops hard, or AT&T, the market drops hards, and I'm buying it higher than the market's actually at. That's a fear that I have. But if you stay on the sidelines, you don't do it, you don't get your dividends, you don't get the opportunity to buy these stocks at a discounted rate. Allen Sama:        That's why we do the paper trading too, because actually do it for a few months and you'll get a better idea of how many times did I have to buy the stock? I did it five times, I never even came close. Maybe this fear is a little bit unwarranted. So maybe if I do it with real money, and I do it for a year, two years, three years, maybe I'll get the stock once or twice.                                 That's why with the paper trading, I'll advise everybody like, "Get in trouble. Put some trades on that you wouldn't to get in trouble with it, and so that you can see, how do I navigate my way out of trouble?" Dan Hayden:      How does it respond, exactly. Yup, yup. Allen Sama:        With Altria and AT&T, okay, maybe I'll sell at the money put. Dan Hayden:      Yup, just to see what happens. Allen Sama:        Just to see, okay, I have to buy the put at this price. What do I do now? Oh, I bought this stock. Okay, how do I get out of that? Dan Hayden:      The worst time to trade is when you're in fear, you have something going against you and you're nervous. That's the worst time to place that reactive trade. Allen Sama:        Exactly, exactly. A lot of this stuff is we're dealing with stocks as well, so if you own the stock, there's a great chance the thing will rally in the next 10 years. Anyway, if you're only trading options then you lose, and the month expires, then that's it. That loss is yours, you got to eat it. You got to make it up next month, the next month. But with the stock, you can always come back.                                 Is there anything else you want to share? Dan Hayden:      No, I greatly appreciate what you're doing in helping others. I really have learned a lot from you. I do, I do I have the confidence again in getting into option trading and having a good plan for doing that option trading. So thank you. Allen Sama:        Great, great. Yeah, I'm excited to see how you take it and how far you go from here because you got the foundations down, you got some basics, and now it's time to start doing it. Dan Hayden:      Yeah, well it's funny too because now that I'm working with this company in doing consulting with them, I have income coming in so it's like, "Okay, well I don't have to bring in income with the option trading as much." That psyche comes into play where, "Okay, when I wasn't working I said Okay, I got to make sure that start bringing in X number of dollars a month." That's why I'm not, I shouldn't say as serious because I do look at the charts and all that stuff. I track it probably a couple times a week, but in January, February, March, when I wasn't working for any other company, I was looking at it, looking at opportunities every day, and I was very, very religious about it.                                 It is that psyche, but all I can recommend to everybody is even if you have a full-time job just flat out, 15 minutes, 20 minutes, an hour if you can just to monitor the trades that you have on, but also to look at new opportunities elsewhere. But get dedicated almost like I have a system now by scanning, by reviewing the chart, by reviewing the delta and by reviewing the return. I have a method, and that way have a method each night, each day to give yourself a couple of minutes to look at the trades and to scan so that it becomes second nature. That's the best thing to do. Allen Sama:        Yeah, definitely. Like you said with the mindset, when you don't have any income coming in and you have to make your nut, maybe $5,000, $10,000 a month, that's when the stress really this you from the trading. It's like, "Oh my God, this trade has to work. It has to work." That's when you mess up.                                 When you have even a little bit of income coming in and you're not totally dependent on your trades, then it allows you to actually trade better. Dan Hayden:      That's exactly right. Allen Sama:        That's very helpful especially when people are getting started.                                 I've seen some people where they jump the gun too fast and they, "I want to be a full-time trader," and they jump to fast into it, and they're like, "I have to make money every month." We had one student who did that and the stress just got to him. He placed trades that he shouldn't have and then he lost. On a mental standpoint it just sends you for a tailspin. Dan Hayden:      Did he need that money or was this supplementing his income? Allen Sama:        No, he had quit his job to trade full-time. He over traded I believe, and then he lost some money. Now you have to cut back on your lifestyle when that happens. It's not something that ... He has the skills. He'll be back, I'm sure he'll be back. But it hurts in your mind. You feel really down about it.                                 That's why I love it that you're starting and you're saying, "Hey, my goal is to make $2,000 a month." Well okay, if I can make 3%, 5% a month doing something pretty safe, $2,000 a month, I don't need to have a big ton of money. I can put little bit of money, make my goal, and then once you get to that goal it's $2,000 and you say, "Okay, no my goal is 3,000. Now my goal is 4,000."                                 Then eventually you can actually go and say, "All right. I don't need the consulting anymore. I'll just do this." If you love it, you go do the consulting too. It's up to you, your choice. Dan Hayden:      This isn't something where your going to make a ton of money tomorrow. It's not the day trading, it's not that heavy, it's not that risky type of a trade. This is something where you get good at it and you bringing in a little bit each month. Then like you just said, you bring a little bit each month, you get good at what you're doing, and then you get the confidence to say, "Okay, I'm going to now trade two contracts. I'm going to trade three contracts."                                 Because if you quit your job and you're getting stressed out because you're losing money, then you must be risking too much because you shouldn't be risking too much. You should have proper money management. This is my own opinion, but you shouldn't have that stress, just like you shouldn't be like, "Hey, I am so good at this because I've had all these ... "                                 I don't consider myself good, I consider myself that I've got a new training system so I consider myself a little bit more confident. But I'm not good in any means. But you shouldn't take chances. This isn't gambling. This is proper investing and trying to create a passive income. That's all it is, is a passive income. Allen Sama:        As you venture more into the real money world, you know that I'm always here. You can email me, we could do the coaching calls, or the Facebook group, or the community, whatever. You know that there is some support there as well. Dan Hayden:      Absolutely. Yeah, no. You've gotten back to me, you've slapped me on the hand a couple times. Even going onto your site, I wish there was a little bit more interaction between the members because that's where I learned and I picked up that Excel spreadsheet from your one member. I love reading it because it's like, "Okay, I want to learn more. I always want to keep learning."                                 But yeah, I felt, "Hey, I've got these trades. I've really done pretty well. Should I start doing cash trades now?" You said, "How long did it take you to learn your skill? Your lifelong skill?" We said, "30 years." You say, "Well, it's going to take you a little bit longer to get comfortable with it with the practice trading." Allen Sama:        Yeah, [inaudible 00:59:35]. Dan Hayden:      Yeah, yeah. The support's there, and you do get right back to it relatively quickly. I think it's on our side now where we have to start interacting a little bit more, coming up with, "Hey, this was successful to me, this is what I was looking for, this is what I got, this didn't work out for me, what should I have done differently?" Things like that. Allen Sama:        We're working on that. Right now, the course itself, we've only marketed it to our own list, so we haven't really gone to the public with it. We haven't let a lot of people in. We only open it up once a month for a few people, a handful of people, and then we shut it down again because I'm working with people, and we're working it out. But once we do expand it a little bit more, I'm working on a couple projects coming up that we'll definitely open up the course and we'll have a lot more people in. Once we do, then that interaction will grow.                                 Currently I'm working ... Right now my major project is I'm working on a book called Passive Trading. Once we get that book into people's hands, they'll see like, "Hey. Wow, this is awesome. I never knew I could do this." [inaudible 01:00:36] in there from students who are doing really, really well. I think that will help as well. Dan Hayden:      That's awesome. Allen Sama:        When we get more people in the group then yeah, it'll definitely pick up. But I appreciate you posting in there and doing stuff. Even on the call, I appreciate you coming on a call, and sharing all your knowledge and experience. Dan Hayden:      Like I said, knowledge and success, it's ... These net liquidating trades, and overall profit or loss, I can't figure them all out because there's other trades that came into play with it as well. I'm probably 10 grand a month or something like that in the profit. That's pretty good since I started. Allen Sama:        Yeah. You started five months ago, so yeah, that's pretty good. Dan Hayden:      It's exceeded what my initial goals were. If I can now taper it down a little bit with my cash because I'm not going to be as aggressive and all that stuff, especially to start out with, but yeah, it's been a lot of fun to learn and that's the best thing about it is that I'm not having somebody else have to tell me what to do. I'm learning it and I'm appreciative of that. Thank you. Allen Sama:        Yeah, man. You could do this for the rest of your life as long as we get older and we slow down a little bit, and our arms don't ... When your back hurts and this hurts, and that hurts, working a job or doing all that traveling might not be an option. But sitting on your porch, like you said, with your laptop, yeah, you'll be able to do that for a while. Dan Hayden:      Absolutely. If I can get good at this and then teach my kids how to do it ... Allen Sama:        Oh, game changer. Dan Hayden:      A game changer is right. Allen Sama:        That's one of the things I want to do as well. Dan Hayden:      [inaudible 01:02:14] because you're taking something that's complicating, making it simple, and teaching others to do that. That's great. Good for you. Allen Sama:        Because this stuff has been around for a long time. But with the advent of the internet, and the brokers, and now everything's at our fingers. Anybody can do this from anywhere around the world, so it's really opened it up for us as individual investors. I think for our kids, it's just going to get even better.                                 We're limited to a little bit of the U.S. stock system. I think when our kids are older or whatever, they'll be trading around the world, they'll be trading on the moon. It's going to be crazy. Dan Hayden:      It's true. No, it's true. Anything's possible. It's amazing because if you're ... The times that I've gotten into trouble is the times that I haven't got out of trades because, "Oh, it's going to turn around. It certainly can't keep going." It's going down two or three days in a row. You think it's going to turn around, but if you play by the rules, you have your rules, that's where you don't get into trouble and you're out.                                 You said, "Hey, I'll take this little hit. I've made a little loss, but I'll make it back." Or, "I made it on the front side." Almost like your puts. You've owned these stocks and you've gotten so much premium that you own it for free. How much damage can be done?                                 There's no need to take risks, to take chances. If you follow the rules, when to get in, when to get out, it's all good. You're going to have minimal losses and maximum gains. Allen Sama:        Mm-hmm (affirmative). Yup. You just play it month by month, year after year. The returns, they take care of themselves pretty much. Dan Hayden:      Yup, and you get so bored that you just say, "Well, here's Monday again. I got to go make some money." Allen Sama:        Well that's the biggest thing. That's one of the biggest risks is that you get bored and then you don't pay attention. I've noticed that when I first started out. I'll put on my trades and I'd be like, "Uh, nothing's happening. All right." Then, "Oh, nothing's happening." Then I'll just forget to check them, and then, "Oh, something did happen and I didn't ... Ah, don't worry about it. It'll be fine." That's when you get in trouble, when you get too bored. Dan Hayden:      That's where I am right now because as I'm traveling with this other consulting, you're bored because, "Well, I've made this much money. If they go wrong, I'll just set up new trades because it's paper money." But I got to get more disciplined in my paper exiting so that ... To me, that's the last part of my training right now, is just setting up the trades as I enter the trades to get out. Allen Sama:        Well you have Thinkorswim, so they have something called OCO orders. Dan Hayden:      Correct, one cancels the other. Allen Sama:        Yeah, most brokers have something like that. If you call them up and I'm sure they'll walk you through how to set it up or they might even have the videos on their website. Dan Hayden:      They do have videos. Yeah, they do have videos. Allen Sama:        They show you how to do that. If that's what you're looking for, there is a way to do it.                                 Or if you want, you can just have them alert you on your phone. Dan Hayden:      Yes, you talked about that last week, which is awesome. You can have them text or ... Allen Sama:        There's ways to run it if you want to find it that way. Then it's totally automatic. Put the trade on and then just put the orders in, "Okay, I'm done. I don't have to do anything at all." Dan Hayden:      Yeah. Yeah. I lost, but I only lost a couple hundred dollars. Yeah I gained and I made $500, whatever it is. Yeah, that to me, that's relaxation because you don't have to, in that heat of the moment when, "Oh my gosh, it really turned against me. Now I'm down $300. What do I do?" That's the wrong time to be making a decision. Yeah, if the decisions can be already made for me, all the better. -------------- For more information on the program Dan is part of and how you can join go to PassiveTrading.com And also visit us at OptionGenius.com -- LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS  AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/ WATCH THIS FREE TRAINING: https://passivetrading.com JOIN OUR PRIVATE FACEBOOK GROUP:  https://optiongenius.com/alliance Like our show? Please leave us a review here - even one sentence helps. 

How Do I Close Part of My Options Swing Position on Thinkorswim? 

Volatility Review: A look back at the week from a volatility perspective VIX cash back in the 15 handle VIX Options: ADV - 1M, VIX call/put: - 1.9/1, Total 13.9m (9.16m Calls, 4.76m Puts) Weird iron fly with crazy call kicker VXX - 38.89 Volatility Voicemail: Options Flash Poll Which would you rather see first? Would you rather see Options finally listed on Bitcoin futures? Or would you prefer to have more Cryptocurrency futures (Litecoin, Ethereum, etc.) launched instead? Gimme Bitcoin Options More Crypto Futures Save Me from More Crypto Last week's Volatility Flash Poll: VIX is off the board and SVXY is a pale shadow of its former self. So how are you getting your "short Vol" fix these days? Reply/DM with alternative suggestions. 20% - Short VIX Futures 22% - Long VIX Puts/Spreads 32% - Short VIX Call/Spreads 26% - Short SPX/SPY Volatility Listener questions and comments: Question from Big Blanc -I'm liking the VXX erosion play. Question though - Why does everyone talk puts on this trade? Why not selling calls or call spreads? Or maybe the combo - buying puts and selling calls or call spreads? Any backtests on that? Question from Jack K. -How is Mark's SVXY call vertical holding up? Comment from Brian Collamer -Hey Mark, You been talking off and on about seeing how the straddles performed vs actual moves around the earnings. Check the Analyze>Earnings tab in Thinkorswim sometime and let us know what you think! Comment from Brian Collamer:Also thought you might get a kick out of this. Question from Liam - Any cool takeaways from Mark's trip to RMC or FIA? Question from Leo -I have a bunch of VXX Jan 2019 puts. Should I be concerned about the issuer pulling an SVXY and suddenly rendering those puts irrelevant? Crystal Ball: Wild and reckless prognostication Last week: Mark L. - 14.75 Mark S. - 13.15 Russell - 14 This week: Mark L. - 15.15 Andrew - 14.75

Volatility Review: A look back at the week from a volatility perspective VIX cash back in the 15 handle VIX Options: ADV - 1M, VIX call/put: - 1.9/1, Total 13.9m (9.16m Calls, 4.76m Puts) Weird iron fly with crazy call kicker VXX - 38.89 Volatility Voicemail: Options Flash Poll Which would you rather see first? Would you rather see Options finally listed on Bitcoin futures? Or would you prefer to have more Cryptocurrency futures (Litecoin, Ethereum, etc.) launched instead? Gimme Bitcoin Options More Crypto Futures Save Me from More Crypto Last week's Volatility Flash Poll: VIX is off the board and SVXY is a pale shadow of its former self. So how are you getting your "short Vol" fix these days? Reply/DM with alternative suggestions. 20% - Short VIX Futures 22% - Long VIX Puts/Spreads 32% - Short VIX Call/Spreads 26% - Short SPX/SPY Volatility Listener questions and comments: Question from Big Blanc -I'm liking the VXX erosion play. Question though - Why does everyone talk puts on this trade? Why not selling calls or call spreads? Or maybe the combo - buying puts and selling calls or call spreads? Any backtests on that? Question from Jack K. -How is Mark's SVXY call vertical holding up? Comment from Brian Collamer -Hey Mark, You been talking off and on about seeing how the straddles performed vs actual moves around the earnings. Check the Analyze>Earnings tab in Thinkorswim sometime and let us know what you think! Comment from Brian Collamer:Also thought you might get a kick out of this. Question from Liam - Any cool takeaways from Mark's trip to RMC or FIA? Question from Leo -I have a bunch of VXX Jan 2019 puts. Should I be concerned about the issuer pulling an SVXY and suddenly rendering those puts irrelevant? Crystal Ball: Wild and reckless prognostication Last week: Mark L. - 14.75 Mark S. - 13.15 Russell - 14 This week: Mark L. - 15.15 Andrew - 14.75

Michael: Hello, everyone. This is Michael Gross from OptionSellers.com here with your August edition of the Option Seller Podcast and Radio Show. James, welcome to the show this month. James: Hello, Michael. Glad to be here and always fun to do. Michael: We find ourselves here in the middle of summer and, of course, summer weather often times can take headlines in the agricultural commodities. That’s what we’re going to talk about this month. We have several things going on in some of our favorite agricultural markets. In the Northern Hemisphere, of course, we have growing seasons for crops, such as corn, soybeans, and wheat. Down in the Southern Hemisphere, we have winter time, which is actually an active time for some of the crops they grow down there because you have crops like coffee and some of the other countries, cocoa, that aren’t planted every year. There’s trees or bushes that tend to bloom every year, so winter can often be a time to keep an eye on those, as well. James, maybe to start off here, we can talk a little bit about weather markets themselves, what they entail, and why they can be important for option writers. James: Well, Michael, many, many years ago, my introduction to commodities investing/trading came along in the summer. There was an incredible hot spell and dry conditions in the Midwest in the United States right during pollination time. That was my introduction to commodities and commodities trading. Weather markets, especially in sensitive times like July and August for the Northern Hemisphere, certainly does bring a great deal of volatility to prices and great opportunity for a weather market to grab hold of particular prices, and that was my introduction into the commodities trading. I’m quite sure that, as summer heats up, of course, here in the United States, so does trading and certain commodities and it looks like we’ve hit that start up again in 2017. Michael: Okay. Being in these markets as long as you and I have, we’ve seen our share of weather markets. After a while, most of them tend to follow a typical pattern. You see a weather scare, you see prices rise in some commodities, and prices tend to immediately price-in a worse case scenario and then you get the real report or then it rains or whatever happens, and then prices tend to force the back-pedal… not always, but most of the time that tends to be the case. If there is a price adjustment upwards necessary, prices will often do that, but often times that spike often comes in that initial wave of buying, and that tends to have an affect on some of the option prices. Would you agree? James: Well, certainly a lot of investors who trade seasonally, or perhaps had taken advantage of weather rallies years before, they will look at the option market. Generally, they are not futures traders, so what they might do is they’ll say, “Well, if the price of cotton or the price of corn or soybeans might be going higher because of dry conditions, lets see what options are out there for me to buy.” I would say that the biggest spike, not only in prices, but in prices for call options, particularly, often happen during these weather phenomenons, and so be it. The call buying that comes into the market during these weather patterns. Usually, as you mentioned or alluded a moment ago, it usually winds up being the high as the public pours into the market. It has happened many times in the past and seems to repeat itself time and time again. Michael: Yeah, that’s a great point, too. You’re talking about that you have a lot of the general public who love to buy options, the media loves to pick up on weather stories and the public reads it, and it tends to feed on itself, and you have public speculators coming in that are buying up options, often times deep out-of-the-money options. These are often times that people who know the fundamentals want to take a look at that and say, “We could take a pretty good premium here with pretty reasonable risks”, and that’s obviously what we are trying to do and what people listening to us are trying to do. So, why don’t we go ahead and move into our first market because we do have a few other markets to talk about this month. First market we’re going to talk about is, actually a couple markets, is the grain markets as a whole, corn, soybeans, wheat, all being affected to some degree by some of the weather. These aren’t raging weather markets, it’s not on the national news, but they’re enough to get those option values up and certainly enough for people listening, or our clients, to take advantage of. When we talk about these, I think we’ll probably focus on soybeans and wheat for this session. As we talked about in our newsletter and in our blog, there has been some drier weather, especially in some of the northern growing regions up in the Dakotas. Recently, I read a little bit about it possibly moving down into Illinois and further into Nebraska. So, they’ve had some dry weather and this has had a particular affect on wheat, but also on soybean prices. Maybe you can just explain how that worked and what transpired there to push those prices higher. James: Michael, it seems that a weather market can come in just practically any portion of the United States. Years ago, Illinois, Indiana, and Iowa, that was the extent of the corn-belt, with fringes of Wisconsin and Minnesota. With high prices in commodities over the last several years, some of the other areas of the United States, people started planting corn, soybeans, and wheat, as you mentioned. This year, the extreme heat and dryness is in the Dakotas, usually not an area that moves the market as much, but this year it did. I know the media really got a hold of the dry conditions and discussed North Dakota and South Dakota, some of the hottest, driest conditions in over half a century. I know I had CNBC calling practically every day to talk about the weather. That is what gets these markets moving, and it usually happens this time of the year. You alluded, once again, to something that happens often is you’ll have these headlines really create havoc with some of the markets and pushing them higher, but, lo and behold, some 95% of the crop is really untouched as it is in decent growing areas as far as the weather goes. As you get into harvest time, a lot of that talk is now behind them and people forgot about the weather in North Dakota and South Dakota 6 months later. That seems to be developing again this year. We’ll have to wait and see how that plays out. Michael: That’s a great point. Probably we should point out here the backdrop of what this weather market is operating in. Exactly what you described is happening, of course, you have speculators buying soybeans off of the dryer weather, buying call options off the dryer weather. As of the last USDA report, 2017-2018 ending stocks are pegged at 460 million bushels, which is going to be the highest level since 2006-2007. So, we’re going into this with a pretty burdensome supply level. Now, if there is some reduction in yield, yes, that could come down a little bit - something to keep an eye on. You also have global ending stocks 93.53 million tons. That’s pretty substantial, as well. You’re operating on it being a pretty hefty supply environment. At the end of the day, when we go into harvest, prices tend to decline, regardless of what the actual supply is because that’s when the actual supplies are going to be the highest regardless. We’re fighting that big picture of, “We already have hefty supply and we have a seasonal working against the prices here.” So, two reasons why people listening may want to consider selling calls when you do get weather rallies like this because the bigger picture is not that bullish. Secondly, one thing to point out here is we’ve had problems with dryness up in North and South Dakota, possibly coming a little bit further south, latest weekly crop condition report is a 4% decline in good-excellent rating. They’re starting to reflect some of that damage, but one thing to remember is this happens often. It happened last year. It happened a couple years before that where it was dry in July and everybody was talking about weather. Then, they’re talking about pushing yields back a bushel or two an acre and then it rains in August, then all the sudden we have above average yields. So, you have prices right now that can, you can get a little pop or you can also see them roll over. I know you have a favorite strategy for playing markets like that. James: Well, Michael, we wait for volatility to come into the different markets that we follow. Certainly, a weather market in summer is one of those. Probably the best way to approach selling options, whether it be calls or puts in a weather market, is to do it with a covered position. Basically, a strategy that we cover in Chapter 10 in The Complete Guide to Option Selling: Third Edition, it’s really an ideal positioning for weather markets. Basically, what you’re doing is you’re selling a credit spread where as you are selling whatever item you think that the market can’t reach, for example, soybeans this year trading around $10 a bushel based on supply and demand probably won’t be reaching $12.50 or $13 a bushel. What you might look to do is do a credit spread where you buy one call closer to the money and sell 3, 4, or 5 calls further out. The one long position is basically insurance on your shorts so that while the weather is still in the news and while there is still quite a bit of jitters as to how much crop potential we might lose this year, that holds you in the position. You’re basically short with just a little bit of protection and that really does a great job in riding the investor through weather markets and if you are fundamentally sound on your picture of what the market will likely be, as you mention, we have some of the largest ending stocks in some 10 years, you do want to be short this market at harvest time. By applying a credit spread in July and August is a great way to get involved with the market and protect yourself while you’re waiting for the market to eventually settle down. Michael: When you’re talking about and referring to the ratio credit spread, that really eliminates the need to have perfect timing. Of course, all option selling you don’t really need perfect timing, but that really helps out. If you do get a rally, those can be opportunities for writing spreads just like that. If you’re already in it and the market rallies, you have that protection, a lot of staying power there, and when the market eventually does turn around there is a number of different ways you can make money with a ratio spread. Of course, at the end of the day, we want them all to expire. Talking about soybeans right now, this does not look like any type of catastrophic yield loss or anything like that. This looks, at the most, if we get something, they might get a few bushel break or reduction prices may need to adjust a little bit higher, but in that case sometimes a ratio spread can work out even better. Is that correct? James: Well, Michael, it’s interesting. Your long position, for example, in soybean calls or corn calls or wheat calls, there’s a chance that that thing goes in-the-money and your short options stay out-of-the-money. That certainly is an ideal situation for the ratio credit spread, where, basically, the market winds up being between your long options and your short options. That happens rarely, but, boy oh boy, is that a great payday when it does happen. That’s not why we apply the ratio credit spread, but every once in a while you get quite a bonus. That describes one extremely well. Michael: All right. Let’s talk about wheat just a little bit. A lot of the same things going on in wheat, but wheat is affected a little bit differently than the beans, primarily because we have a lot more wheat grown up in those regions where they’re having the trouble. In fact, I read here, as far as the drought goes, North and South Dakota, I don’t have the stat here in front of me, but it’s somewhere between 72-73% of the acreage up there is considered in drought right now. So, a lot of wheat is grown up there. At the same time, that’s one of those markets that may have priced in a worse case scenario and now backing off. What do you think? James: You know, the wheat market probably, it does have different fundamentals than corn and soybeans, clearly, it has rallied over $1 a bushel, which would have been about practically 25% when a lot of the discussion about the Dakotas was taking place. The wheat market looks like it’s priced, you know, the heat and dryness already in. Of course, one thing about the wheat is it’s grown in so many locations around the world that if you do have a loss in production in the Dakotas in the United States, there are many places around the world ready to fill in for any loss in production. All around the world wheat is grown in probably near 100 countries… certainly different than corn and soybeans. Michael: You made a great case for that in the upcoming newsletter, too, the piece about wheat, where all this talk about loss of yield to the spring wheat crop, but that only represents about 25% of the overall U.S. crop. Most of the crop grown here is winter wheat, which wasn’t as heavily affected. The bigger point is the one you made just now. This thing is grown all over the world. The United States only produces about 9% of the wheat grown in the whole world. Right now, world wheat ending stocks are going to hit a record level in 2017-2018. So, again, you’re looking at a little news story here, but when you look at the bigger picture we are going to have record world supply of wheat this year. Again, these can be opportunities for writing calls for when those bigger picture fundamentals start to take hold. It can certainly help your position. James: Exactly. This year, I think, was another great example of that. Ending stocks possibly being records. It’s almost an ideal situation when weather problems arise because later on that year, lo and behold, we have more wheat than we need and the price goes back down. Weather rallies, whether it’s the Southern Hemisphere or Northern Hemisphere, really often plays into the hands of option sellers because the buyers come out of the woodwork and normally, you know, holding the short end of the stick come harvest time. Michael: We should find out where everything plays out in the next USDA supply/demand report. I believe that is on or around August 10th. That’s really going to reflect what the real picture is, if there was yield loss, and how much of it was. If it’s less than traders thought, prices probably roll over and we’re probably done because you have soybean podding in August and markets typically start declining after that anyway. If we do get a little bullish surprise, we’re not saying the market can’t rally if you’re listening at home and saying, “I need to go hands-in short right now”. The market can rally, especially on or around this report if you get a bullish surprise. What we are saying is those can be opportune times to write options, because that’s when that volatility will jump and, overall, the bigger picture fundamentals remain bearish. James, we’re going to talk here a little bit about our next market, but before we do that, anybody listening to our conversation here about the grain markets this summer, you’ll want to read our August issue of the Option Seller Newsletter. That comes out August 1st. It will be received electronically and it will also be available on hard copy newsletter in your mailbox if you’re on our subscriber list. We have a feature article in there on wheat. We talk about credit spreads, some of the things James and I just discussed here, and how you can apply them. It is a great strategy for this time of year and you can read all about it in the August newsletter. If you aren’t a subscriber yet and you’d like to subscribe, you can subscribe at OptionSellers.com/newsletter and read all about it. James, we’re going to move into our next market here this month, which is one of your favorite markets to trade, that is, of course, the coffee market. I know you’ve been doing work with Reuters World News this month back and forth on the coffee market and what’s going on there. Maybe give us an overview of what’s happening in the coffee market right now. James: Michael, it’s interesting. As all of our intelligent readers and watchers already now, as temperatures heat up in the United States, they are definitely cooling off in the Southern Hemisphere, Australia and Brazil for example. What so often happens for traders in the coffee market, they look at winter approach in the Brazilian growing regions and they remember back to when coffee supplies were really cut based on a freeze that developed in Southern Brazil. During those periods, some 1/3 the coffee crop that Brazil makes each year was grown in very southern areas of Brazil, which are prone to cold weather. Chances are freezes don’t develop in the coffee regions of Brazil, but just like the dry weather in the United States a lot of investors and traders want to trade that idea of it happening. That’s what’s going on recently as we approach the coldest times of the season in the Southern Hemisphere. Traders and investors are bidding up the price of coffee and, likewise, buying calls in the coffee market, planning on maybe some adverse weather taking place. I think we all hear about El Niño and La Niña and what that can do to temperatures, both north as well as south, and a lot of investors, if something like that takes place, they want to be in on it. Often, how they do get involved with that is by buying calls in coffee, cocoa, and sugar, and it looks like that’s what’s pushing up some of those soft commodities today. Michael: Okay. So, they’re buying it primarily on freeze-type thing… same type of thing going on here in reverse. Instead of hot weather, they’re betting on cold weather. Talk a little bit about the bigger picture there as far as what supplies are like, what they are buying here. James: Well, Michael, it’s kind of interesting. It’s almost like a carbon copy of what we just discussed on the grain and grain fundamentals. Coffee supplies in the United States, which, of course, is the largest consumer of coffee in the world, are counted each month. Here in the United States, we have something called green coffee stocks. Obviously, that is the coffee that is then sent to roasters. Roasters roast the bean and then turn it into everyone’s favorite morning brew. Green coffee stocks in the United States are at all-time record highs. That fundamental is something that just is very discernable and is not going to go away no matter how many coffee shops spring up in your city or your town. We have record supplies in the United States. As far as the fundamental of new production, especially in Brazil, last year we had a rally in coffee prices because it was dry conditions during some of the cherry season in Brazil, and this year is just the opposite. We’ve had extremely favorable weather conditions. We have an excellent coffee crop that’s being harvested right now in many parts of Brazil and Columbia, and coffee supplies that will be coming in from the producing nations will be more than plentiful as we get into August, September, and October when those harvests wrap up. So, we have practically record supplies around the world, we have excellent growing conditions in the largest producer in the world, being Brazil. This year is what’s called an off-cycle year. A coffee bush, if you will, produces more cherries on one year and then slightly less the following year. This being an off-cycle year, still we are expected to have a record production figure in Brazil for an off-cycle year. There are already estimates for next year’s crop being in excess of 62 million bags, which would be an all-time record. For those of you who are unfamiliar with what 62 million bags of coffee might represent, Columbia, always thought to be the largest coffee producer in the world, they only grow approximately 10-12 million bags each year. So, all of the extra demand for coffee recently over the last several years from all the coffee shops springing up, Brazil has taken care of that and then some, just basically blanketing the world with extra coffee beans. That is what has kept coffee prices, really, trading near-low levels. Many commodities have increased with Chinese demand that everyone is familiar with over the last several years, but coffee is not the case. Record supplies here in the United States and record production down there from our friends in Brazil. Michael: Yeah. I saw that, too. Brazilian Ag-Minister was 62 million bags. That’s a huge crop. Another thing I should probably mention there is that coffee has a seasonal, as well. It tends to start coming off into when harvest starts and our springtime as they head into fall, which is March-May period. Is that correct? James: It is. Generally, the coffee crop is so large and so widespread there the harvest lasts practically 4-5 months. Basically, what you’ll see them do is often sell coffee twice a year in great strides. One is as the end of harvest approaches and then when we’re looking at next year’s crop, May and June, when they can get a handle on how large that crop is going to be, they will then start forward selling that year’s production. So, really there’s two waves of selling from coffee producers in Brazil. Usually it’s August-September for the current harvest and then May-June for the upcoming harvest. Really two large swaths of sales from Brazil, something we’re expecting to happen probably for at least the next 2 years and then we’ll have to take a look at how the conditions look after that. The next 24 months, we’re going to see a lot of coffee hit the market twice a year, those 2 times especially. Michael: I did notice, this year the coffee market does appear to be following seasonal tendency. You know, we started seeing this last round of weakness right about March and it has dropped, so far, into June. We get a little bouncier now maybe just because prices were just so oversold and then we had the weather issue that you spoke about, as well. I know, right now, with prices in the position they are similar to what we talked about in wheat and soybeans, where you had a little bit of a weather issue at the same time big picture fundamentals still looking pretty bearish. What type of strategy are you looking at in coffee right now? James: Well, Michael, we have coffee prices in the mid 1.30’s, approximately $1.35 per pound. Chances are we are going to be rallying maybe 5-10 cents as we go further into the winter season in Brazil, as some investors take a chance on coffee price rally. We could see coffee prices in the mid $1.40 going into August and September. We are targeting contracts 6 months out- 9 months out to take advantage of the long-term bearishness. We never want to play a market on a short-term basis, we don’t want to predict where coffee’s going to go the next 2-4 weeks. What we want to do is take our long-term fundamental analysis of the coffee market, the production and supply that we’re looking at here the next 24 months, we’re going to take a long-term view of coffee… a long-term bearish view. We are able to now sell coffee calls at $2 a pound if you go out a little bit further, another 30-60 days, you can sell coffee options at $2.20 a pound. If we do get a decent rally here in the next 30 days, which is possible, we’ll be looking at selling coffee calls at $2.40 and $2.50 a pound. Later this year, we do expect coffee prices to be around $1.20-$1.25, and there’s a pretty good chance the options we sell are going to be double that level, certainly something we’re extremely comfortable with and we think is going to work out quite well. We’ll have to wait and see. There’s no guarantee in this market or any other, but we do like our chances at selling coffee at that level, for sure. Michael: That far out-of-the-money is exactly the target options that we talk about in The Complete Guide to Option Selling. It’s our third edition of our flagship book. If you would like to get a copy of that, you can get it at OptionSellers.com/book. You’ll get it at a discount to Amazon or bookstore prices. James, for our lesson today, I’d like to directly address a question that we get periodically from newsletter readers and listeners to this show and some of our other videos. I know a lot of people listening to this, they’re watching what we talk about and then they are taking our trade and trying to do it on their own. That’s certainly fine and there’s nothing wrong with that. That’s part of the reason we’re here, is to help people learn what this is and how to do it. A question we get is, “I saw your video/read your article and you talk about selling a strike, and I went and looked at that strike and it’s not the same premium you said,” or, “ I went and looked at it and there’s no open interest there”, or “That platform doesn’t have it. I can’t see it. How are you selling these things?” There’s a couple different answers to that. I’m going to give one and I know you probably have a better one, but one of the first reasons is a lot of the platforms they’re on they don’t carry options that far out. I know some people have mentioned Thinkorswim platform or TD Ameritrade where they only go a few months out with the commodities options. So, first and foremost, you need to get yourself a better platform so you can get further out strikes, and secondly, James, the one thing you pointed out clearly in this month’s newsletter is a lot of times when you’re talking about these things, whether here or on your bi-monthly videos is, you’re giving examples of how this could work, how it should work, what might happen if prices rally, these are the areas we target. We’re not here to give specific trade recommendations for people to take and trade tomorrow. These are examples for people to learn either if they want to invest their money this way or if they want to take the information and think and reason it on their own what to do. So, when we talk about a strike, that could be a trade we’ve already done, could be that it’s passed now, or it could be a trade we’re hoping to do if the right situation sets up. So, you just gave some pretty good examples right now and you probably agree with me there, but there’s another reason that we can target those type of strikes that other people might not be able to do, and maybe you want to talk about that. James: Michael, that is a great point that you bring up. When I’m speaking to new clients, when they first open their account, the one question that seems to come up very often is, “James, I understand how this works, I’ve read your book, I’ve read your material, but who in the world is buying these options?” That is certainly a question we often get. By no means do I claim to experience the very best way in selling commodities options. I’m not sure what the very best way is. I just know what works for us and really being the option selling leader, I certainly believe we are, we are selling options in quantities that practically no one else in the world is. We have the luxury of selling gold options to banks in London and New York, we have the luxury of selling options in the crude oil market to energy companies, and it’s quite possible that when we’re selling options distant strikes coffee, we are likely selling them to coffee companies, like Starbucks and the such, a lot of popular names that a lot of people now. When you’re selling to contracts for your particular own personal account, you’re probably not going to get a chance to deal with London banks or other large coffee companies, but when you’re selling options in very large gross volume, these companies do want to work with you and they do want to listen to you. That opens up these strikes to us. Michael: That’s a great point. Maybe for just some of our listeners that may not be familiar with how that is, it’s not like James is getting on the phone and calling somebody in London and Citi Bank and asking them if they want to buy our options. These are still going through registered exchanges, it’s just a different path we are taking through them where we are working through specialized order desk. These people have relationships with other brokers for these organizations, but the trades are still done on the registered exchange, correct? James: Yes, they definitely are. It’s just relationships that our clearing firm has established and it’s something that, I feel, just the pinnacle of option selling… having those relationships in place and when you need and want to sell options that are further out in time, as maybe some of our listeners or readers have asked about, that’s something we have the luxury to do and we certainly want to take full advantage of that by selling to some of the largest banks or some of the largest companies that are maybe end users in coffee or in sugar or in soybeans. It’s quite a luxury we have working with those relationships that our clearing firm has already built for us. Michael: Something our listeners might want to consider, as well, we are usually here to help people learn how to do this. Whether you want to do it on your own or whether you are considering having it managed, one aspect of managed option selling, and excuse my little advertisement here, but it’s true that if you’re in a managed portfolio, such as this, you do get the advantage of economy of scale, where if you’re trying to sell 2-3 options on your own you could have them sitting out there all month and nobody ever looks at them. When you’re with an organization or a managed situation like this where you could be selling thousands at a time, those not only can get filled but often times at better fill prices than you’re going to get electronically. I know that’s something you have experienced first hand. James: Michael, there is no question that we’re not market timers. We don’t know the exact time to get short soybeans, coffee, or get long some of the precious metals, but what we do want to have is just the best absolute liquidity available, the tightest bid-ask on these markets, and if that can change your entry by, say, 10%, which it often does, once again, it takes the need to be perfect timing entering these markets, which no one has, nor do we, but when you can get a fill 10% better getting in and then possibly getting out, that makes a world of difference. Michael: All right. We’ve covered a lot of ground this month. I think we’ll hold up there for the month. We will be updating the coffee market and some of the other things we’ve talked about here over the next month and on our bi-monthly videos and also on our blog, so you’ll want to stay posted to that. If you are interested in learning more about managed accounts with OptionSellers.com, you can request our free Discovery Pack at OptionSellers.com/Discovery. As far as new account waiting lists, we are well into September right now as far as the waiting list goes for openings, so if you’re interested in taking one of those remaining openings for September you can contact Rosemary at the main number to schedule a perspective client interview. Those will be taking place during the month of August. You can reach her at 800-346-1949. If you’re calling from outside the United States, you can call 813-472-5760. James, thank you for a very insightful commentary this month. James: As always, Michael, all 12 months of the year are interesting, but July and August certainly are one of our favorites. Michael: Excellent. Everyone, thanks for listening and we will be back here with our podcast again in 30 days. Thank you. James: Thank you very much.

Don't miss this engaging conversation with Preston James and options maverick Tom Sosnoff! P.S. For you foodies, near the end of this episode a Chicago area rib joint was mentioned but the audio was a little hard to hear, the name of the place is: Lillie's Q. lilliesq.com

Volatility Views 12: Tasty VolVolatility Review:  Euro vol update.  Robert Engle's Volatility Institute Forecasts are on the VolX.us website, and predicting that expiration values for the July 1-month and September 3-month VolContracts will be in the mid 10 range.  Is the market finally starting to respect volatility?Volatility Viewpoint:  Mark and Don talk to Tom Sosnoff, CEO of Tastytrade, and founder of Thinkorswim. They discuss the impact of weeklies on option volatility; the difficulties associated with launching new products in the options market; whether futures contracts are even relevant to retail customers and much more...Crystal Ball:  There is still room for the S&P 500 to drop.