And today's options trading success story is from a guy who decided he was not attracted to the "American Dream" that's been pedaled to society.
His name is Jussi and below is a short bio that he wrote. Jussi was the trade contest winner in one of our options coaching classes. He won the contest with a trade that produced a 124% return on investment.
I grew up in a middle class family with both my parents having university education and public sector jobs, which didn't pay so well but were secure.
Coming from such a background my natural thought in school was to get education that would lead to a stable job and income, never really considering any alternatives.
This is the most common income strategy that people use: get a job, get paid for spending most of your life doing stuff for other people, and finally retire.
There seemed nothing wrong with that model at the time.
My friends in high school were interested in engineering and I thought that could be for me too, being above average in mathematics in school, I ended up studying engineering. But while doing that I found that I really liked mathematics and especially physics even better than engineering.
I then switched to studying physics full time, first getting a Bachelor's degree and, much later, a Master's degree in physics. Ah, physics... My idea was to get a career in physics, doing something I truly loved for a living.
What could be better than to spend your days doing something you love and would do for free anyway, but getting paid to do so?
Nothing, I thought.
This was the first time I broke out of the basic income model of having a job simply as an income source. I now thought it could be much more than only that. Alas, it wasn't to be.
I lacked the near genius level talent that you more or less need to have to do physics for a living. Moreover, I found out that real physicists also need to do all sorts of stuff at work that wasn't so thrilling, stuff that had little to do with actual physics.
To add insult to injury, after graduation it would seem no one was interested in hiring me except for low paying basic jobs that anyone with a high school diploma could do.
I now had a problem. I was facing a lifetime working at jobs for no other reason than to earn money to simply maintain basic existence, burying my dream of doing something I was passionate about and would give a real purpose to my life.
Or I could figure out if there still was something I could do that I could be passionate about and make a living at. I was always interested in investing in stocks and real estate, like my father did with moderate success.
I always thought that was really the smart way to make money, if only there was enough capital to invest.
I had none, so I never seriously considered this method of generating income and wealth.
Still, I started to invest what little money I had in mutual funds and stocks, thinking that some day something could come out of it.
Gradually my portfolio grew, and in fact did produce modest profit. Hearing again and again about Warren Buffet and how he has made such large amounts of money not so much intrigued me as it puzzled me.
How could he have done that with the methods that I had heard about?
I figured there were more powerful methods out there than I knew about at that point, otherwise it wasn't possible for investors like Buffet to multiply the value of their portfolios again and again. So I started to research investing more deeply, and eventually came across trading. Specifically, options trading.
Now here was something I could get excited about!
I had some understanding of game theory and knew how some gambling systems worked.
I knew why gambling systems failed in the long run, but also understood that in a more open and flexible arena as stock trading, for example, it should be possible to work the odds and create profitable trading methods in the long run.
I started to understand how it was possible for some investors to be so successful.
At this point I started to study options trading, but soon figured out that merely reading about it I would not develop the skills required to succeed as a trader.
Even if I knew the theory, there were so many practical aspects to trading that the odds of success seemed highly unfavorable. Fortunately there was an easy solution, follow in someone else's footsteps.
There are 2 ways to learn something, the hard way and the easy way.
The hard way is to figure out things on your own. This way will cost you time and money. The easy way is to follow in the footsteps of those who have already succeeded in trading.
I had read the course material at http://www.learn-stock-options-trading.com and when Travis announced that he was doing another options trading class, I signed up.
The options coaching program has provided me with a tool set that over time, with practice, will allow me to trade stock options profitably.
In hindsight, I can say that my assessment that to be successful and learn the practical skills required to succeed as a trader is not enough to simply know the theory; you must learn how to apply the theory in practice.
And the best way to do that is to learn from someone who has already succeeded in trading.
My university education took years and years and cost more than I care to think about, and I have no regrets about it at all, but in the end my decision to learn how to trade stock options and investing in an options trading course will most likely turn out to be the best investment I ever made. (hint: think about compound interest!).
There are a short set of rules I constantly remind myself of and think every trader should keep in mind: keep it simple, follow the rules for stock picking and trading those stocks, follow the money management rules, and keep your emotions in check.
Note from Trader Travis: A business leader named T. Harv Eker said to achieve success you should "bless that which you want". In other words, when you see someone that has accomplished something you want to accomplish, don't get bitter. Instead, pay it forward by congratulating them. So when you join our trading tribe be sure to congratulate Jussi.
Disclaimer: These results are not typical. I think we're all intelligent adults and we know there's no such thing as typical. Everybody's going to have different results. If you take no action, you will get no results. If you take intelligent action, you will get intelligent results. I will however tell you that these types of returns are not unusual and I have several student emails to prove it.