Have you ever wondered if it’s possible to trade weekly options as income? I know many people have thought of using option trading as another source of revenue for them.
Very few are successful but many explore and pursue the idea. Personally, I have been trading options for 15 years and weekly options for five years. I am of the opinion that if anybody wants to create an income, one can trade weekly options as income.
Why do I gravitate toward weekly options as a revenue source instead of monthly options?
Many investors have part divide up their portfolio and use part of it for what I would describe as an “income investment strategy.” This particular type of investing usually entails dividends coming back to the investor as cash. It is a fairly safe conservative investment.
When we are trying to create an income from an investment, I believe it’s important that the investment be safe and conservative. Well, I have found out that it is possible to trade it weekly options as income with a very conservative strategy.
This is why I think weekly options can be used this way—in fact there are investors I know that actually trade weekly options as income.
I often read outstanding claims on the Internet about profits that people make. Some of the claims say 100% in 10 minutes, some of them say $300 in three hours! Well, I’ve also learned that this is possible but one’s risk is also directly linked to the probability of one can make.
For me, I would never take the portion of my portfolio that I want to create income with inputted in the high risk trade.
If I could use baseball as a metaphor, investors like the boast about the home runs they’ve hit. I have learned that it is possible to trade weekly options as income if one learns to “perfect the bunt” and forget about trying to swing for a home run.
When I trade the system that I have developed for myself, I follow my signals. My goal is to make between (1%- 3%) each week if the trades are safe enough to make.
If I make a 1% trade, that means I make $1.00 for every $100 I invest. That does not seem like a lot of money at all, and the risk to profit ratio also seems quite small.
Actually it’s not. I have also learned that I can substitute losing for sitting out just by listening to my signals. When my signals tell me not to trade I have learned that eight out of 10 of the trades are still good.
Most option traders tend to take trades that they know they shouldn’t and often they look out and it works. This makes it easier for them to do the same thing again. They take the trade they shouldn’t and it comes back to bite them in the butt.
I have done this often but I have learned with the system that I’ve set up for myself not to do it— and it works. I have 23 straight months of winning trades because I listen to my signals and I don’t deviate from them.
Imagine only making 1% every week. If I only traded three quarters out of the year, that would net me (3 x 12)= 36% profit. How many of you would like to gross 36% each year as revenue?
When people hire me to teach them how to make money with weekly options, I teach them my system and walk through the process with them each week step-by-step making sure they understand not to deviate from the signals. Because of this, they are very profitable in their trading!
It is definitely possible to trade weekly options for income. For the option trader, it takes self-discipline and patience to follow the system that one set up and not deviate from it. In baseball, the bunt is not glamorous but if executed correctly it will get the batter on base. Isn’t that the purpose of the game?
After the same manner, making a little bit each week when you trade weekly options as income is not glamorous, but it consistently makes you money. Isn’t this why you are investing?
I have a free video training series here, feel free to fully utilise it and learn from it. It is exactly the same strategy I use on a weekly basis. Success rate at slightly over 98%.