by Trader Travis
Writing covered calls is a very common options trading strategy, yet it's very underutilized. And success with trading options is possible, but often elusive.
You're about to see what not giving up looks like and learn the pitfalls of the "expectation gap". In the video below you will discover if it's REALLY possible to make up to $6,800 a month trading options...
Practical Application Exercise...
The 5 Year Retirement Plan: did you know that $5,000 compounded at 5% a month will be $93,395.71 in 5 years?
And if you take that same $93,395.71 and earn the same 5% a month you can make roughly $4,669 a month (93,395.71 * .05). Not bad for a short 5 year investment of time.
***Exercise: pretend you can earn 3-5% a month with options. Figure out how much money you will need to trade with to reach your monthly income goals.
For example: You want to make $2,000 a month. Take $2,000 and divide it by .03 and you will need to trade with $66,000. Divide $2,000 by .05 and you will need to trade with $40,000.
Regardless of the dollar amounts you will find they are small enough to be able to achieve within your lifetime and it won't take working for a company for 40 years to do it.
So set your goals and learn all you can about options trading and when you reach your goals be sure to email me and let me know.
And before you leave don't forget to leave your comments below to share what you have learned.
Note from Trader Travis: Note from Trader Travis: This type of success is not typical and I'm supposed to tell you what typical is. Well I'm sorry to say that I have no idea what typical is because each trader is different. And with anything in life there are always people who purchase products and do nothing with them. I will however tell you that these types of returns are not unusual and I have several student emails to prove it.
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