In this article, we will discuss Can you make money trading options? You may be new to day trading or have been trading for a while and haven’t seen the results you are seeking in these market conditions. Either way, at some point, I’m sure the question has come across your mind; Are trading options a way to make money? Let’s be real, would you be considering an options trade if it was just for fun? The idea of learning something that can generate income if mastered correctly has gotten the attention of many people. Especially with the economy being the way it is with pricing going up and incomes staying the same. People are having to resort to having more than their 9 am to 5 pm jobs just to get by.
Options give buyers the right to buy or sell an underlying asset at an agreed-upon market price and date. Although there are many opportunities to profit with options; people need to carefully weigh the risks involved. Traders should make sure they fully understand the potential consequences of entering the options market. Failing to do so can lead to upsetting losses or worst case scenario; owing money with a margin account. After all, we just went over, people are looking to make money, not lose it. In this article, I want to make sure you are well-informed that you can make maximum profit when trading options.
Reason
The primary reason people have to work is because of money. Employers view money as a reward for accomplishment, and employees tend to feel happy when compensated in a monetary form. This is why companies make their wages and salaries competitive within their industry. John Milton, the famous English poet, said “Money brings honor, friends, conquests, and resources”. Studies have shown that stress decreases with income and that the lower the income, the higher the stress levels. Money is necessary for individuals to meet their monetary needs and a minimum standard of living; which is why it is pursued the way it is.
The primary reason many people start trading options is to make money. Making an income from trading is what will motivate you to progress, practice and constantly keep learning. This is because the more you learn, practice and perfect your trading, the better your results will be. Which all translates to, the more consistent your trading is; the more money you’ll make. Like we mentioned earlier you are looking into this to be profitable not to lose money.
Learning the Lingo
Being an options traders involves a lot than what many assume, and it may seem at times traders have their own language. You need to learn key wordings and what they mean like premium paid, stock’s price, price movements, options contracts, stock position, out of the money, in the money, strike prices, buy calls and buy puts. This way, you can have a basic understanding of the stock market and what is being discussed when you do your independent research. With the MK VIP program, I walk you through all of this, and you will be able to be in the know. The MK VIP program is easy to follow and will equip you with all the tools and basic strategies you need to know about stock options.
How Can You Make This Work
Most of the time, people are looking for a shortcut; they want results overnight and are not willing to put in the work. The reality is, that hard work is the foundation of any aspect of your life when it comes to success. However, hard work is meaningless if it is not focused. If you go in blind, work aimlessly, and pray for success; it’s going to be difficult. With that being said, having a plan is the best way to start. Success is the product of consistently and patiently working towards your goal.
What it really comes down to, making trading stock options work for you; you have to use a tested strategy. If you are a new trader or even an experienced at trading stocks, diving in without a plan; you will lose your hard-earned money. Instead of focusing on how much money you can or can’t make, let’s focus on strategy. Success doesn’t come from chance or luck; it comes from hard work. Day trading is not a get-rich scheme, and you must become familiar with market movements.
Would you drop out of school and then apply for a job in that field? Hopefully, your answer is no. The same idea can be applied to being an options trader, without a strategy, you are setting yourself up for failure. I can teach you an options strategy that if you put in the work and practice, you will be successful for at least 80% if not more of your trades. The MK VIP training has plenty of resources to help you get started on reaching your day trading goals.
Managing Risk
The reality is that 80-90% of traders lose money on the regular, which leads them not to make consistent income. Some traders end up leaving the business altogether because they didn’t avoid mistakes early on. Once you know what not to do, take the time to practice my basic strategy; you will be successful. I constantly share articles like this in which you can learn more about options trading. It’s free and all you have to do is put in the time and effort to keep learning. There is no secret sauce or recipe; it’s simply hard work and dedication.
When it comes to your initial investment, make sure it’s money you are ok that if lost would not break or make you. You have to determine what is your risk tolerance; as everyone’s number is different. Nothing in life is risk-free whether it be $100, $500, $1,000, or more; the goal is to start somewhere and build from there. You’re going to start your trades by buying just one stock option to get started and as you get better you can increase contract size. Keeping your contract size small helps protect your capital and minimize risk.
Summary: Can You Make Money Trading Options
You have learned that in fact you can make money trading options and just not to expect to be financially independent overnight. You’ve also learned that the potential to earn money off of trading is what people are seeking with this field. It is also evident without a strategy in place and effort on your part to practice; you will not succeed. You will need to become familiar with trade lingo, market movement and managing your risk. The MK VIP program is the one-stop shop that you’ll need to learn how to be successful. I will make sure, before you get into a single trade, you are ready to face the stock market. Even after you complete the program, I provide you with additional resources at your fingertips free of cost. So in the event you run into an issue down the line, I am there to get you through it.
Learn More
Maurice Kenny has helped over 600 people become financially free through one-on-one coaching, mentorship, and options trading strategy. Many of these new traders are now full-time traders, and they all started by watching his 1-hr webinar.
Feel free to check out other FREE educational resources to help guide you as you begin your new journey to financial freedom.
Also, download a (FREE E-BOOK) by Maurice Kenny, “DAY TRADE LIKE A MILLIONAIRE.”
