How to Start Trading Options and Making Money
Are you ready to earn money with options trading?
If 2021 is your year for financial freedom, additional
income, and smart investing strategies, selling option premium is the way to
go.
David Jaffee of BestStockStrategy.com has taught more than 1,500 students to
sell option premium and earn a consistent profit.
Unfortunately, most beginners get stuck in the weeds instead
of diving in and earning money.
Don’t waste your time with countless online searches,
endless YouTube videos, and never-ending option trading guides.
David Jaffee has found that too much research and too little
action is a surefire way to not become a profitable trader.
Instead, David Jaffee encourages his students to quickly
answer three main questions and get a jump start on trading.
Start with deciding, what is the best
online brokerage for beginners?
The fear of getting started can keep new traders from ever
earning a profit.
Spending too much time comparing brokerages will only result
in lost time and wasted effort.
David Jaffee recommends spending no more than 20 minutes
researching online brokerage before simply picking one.
David Jaffee uses E*Trade, but he also recommends Tastyworks
for beginners with smaller accounts.
But, at the end of the day, most legitimate brokers are very
similar.
Next, ask yourself “Do I need
a margin account or cash account?”
Margin accounts carry greater risks, but cash accounts require cash deposits to settle trades.
David Jaffee teaches his students to use Regulation T margin
or Portfolio Margin when selling options.
You can learn how to minimize your risk and maximize profits by trading both a margin and cash account.
Finally, how much money do you need to sell options?
There is a common misconception that only the wealthy can trade options or play the stock market, but that is simply not true.
David Jaffee can teach you how to make the most of a smaller cash account.
With just $2,000, you can start to sell option premium, earn a consistent profit, and start to grow your account.
So, are you ready to profitably trade options?
Stop wasting time on these questions, and learn the best options trading strategy with David Jaffee from BestStockStrategy.com, also feel free to read many David Jaffee reviews so that you can become familiar with David Jaffee's teachings.
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