Articles

How to Start Trading Options and Making Money

by David Jaffee Options Trading Coach

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.

 


Sponsor Ads


About David Jaffee Junior   Options Trading Coach

2 connections, 0 recommendations, 16 honor points.
Joined APSense since, February 13th, 2021, From Miami, United States.

Created on Feb 16th 2021 09:48. Viewed 271 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.