Back in July, I introduced you to my good buddy Jeff. To jog your memory, check out my post from July 24th.
We met a few years back at a Matt Furey Mastermind group, and realized we share a common passion: To see people experience the thrill of living free of the daily 9-5 grind…
For the past several years, Jeff has been showing people how to add the security of an additional income stream to their lives. He is making his valuable knowledge available to you. But I’ll let him tell you more with his own words. Watch the video above to find out.
Some of you have tasted financial loss in this recession. Given where our economy is at, the stakes are high.
Do yourself a favor, take 5 minutes and watch the video… I promise it is worth your while.
Then…
Make sure to leave questions or comments below!
Dedicated to your success,
Kevin Thompson
“The Automatic Income Coach”
COULD NOT GET IT TO WORK. WILL TRY AGAIN ON TUESDAY!
You tube video did not work for me either.
I just sent Jeff an email so he can get this taken care of.
As soon as that happens, and the video is available, I’ll let you know.
Sorry about the mix-up.
The video worked for me, so I assumed it would work for you too.
Kevin
Hi, I have been investing in stocks for years but options are a foreign concept to me even though I am convinced that they are the way to go in this economy. If one studies diligently, what is the average time frame for someone to become trained sufficiently to begin trading?
I have subscribed to a few option services before and they never tell you the truth.I found out afer subscribing that you need to spend more money for mentoring and that’s not the end of it, you always have to spend more to purchase some other software on technical trading and all sorts of mombo jombo, and you find yourself going around in circles. The average person gets confused and frusteated bacause they are never being told the truth.
Hoe’s your service different?
You used the biggest word in the english language “if”. You said “If this baby unfolds like I think it’s going to.” My question is how often does ‘it’ unfold like you expect? What percentage ‘its’ are you right? Wrong?
I did some option trading a few years ago starting with gas and moving to euro and then into gold. It seemed I was doing ok until one day my advisor called and said gold had dropped the limit several days in a row and it was time to put the pedal to the metal as it was going to make a big move upward the next day. I followed his advice and dumped about 30 g into it and it vanished like a bad dream, every penny. I was totally stomped out. It seemed to me like the big players just hang back until enough of us little fishes get our life earnings into the pot then they all jump in and move the market to their advantage, take our money and move on to do again in a few weeks. From my experienc I’m afraid to try it again even though I’d like to.
Marty
Jeff,
What specifically is a straddle trading technique in Option Trading.. I think it to be a
purchase of both a Call and Put Option at the same time on a stock, to cover the investors posterior should the stock value move radically either way, UP or Down, Thus loosing just the cost of either option position Call or Put, UP or Down respectively depending on how the trade ultimately materialized. If possible, please configure an example of how and why this type of trade “Straddle” could be a profitable trading technique, and second, have you personally used the straddle technique successfully..
Great question Dean… I am sure you are not the only one to wonder about that. Here is how I would answer that: My “go-to” strategy for trading options is not dependent on market direction. I trade profitably when the market is going up, down, or even sideways. The “if” comment in the video is sort of like just a little free icing on the cake…. like a little insurance to capitalize on this once in a lifetime opportunity. Again, I can still trade utilizing options to generate monthly cash flow for “turnkey” expenses regardless of market direction.
Once again, great question!
How many days does one hold onto a credit spread? Are they profitable right away or do they take time to increase in value. How much money is needed? Whats the average monthly return using 25K? I assume its all about hitting multiple singles, not looking for home runs, Is that correct? How do you identify a better looking credit spread from
any old credit spread?
Everyone, and I mean EVERYONE, I’ve ever talked to that did options trading and wasn’t a full time professional trader, has lost his or her tail in it. You’ll really have to convince me this isn’t another pie-in-the-sky program, because on this I’m definitely from Kansa.
Kevin I am a baby in this envirnment and need to take short step. Where will I start?
I have been studying and trading all options strategies for over 5 years and am myself now focusing on credit spreads including various forms of butterflies and condors.
From my training, I feel these to be great income strategies. What does your program and service have to offer? Is it a system that you have developed and/or research service?
By the way, I agree with your assesment of the way things are headed. Thanks.
Can one start on the smallest of shoe string budgets.
If so, what would the smallest amount be to start
in the options business.
Why should one want to be in options? why not other areas?
Is is get rich slow??
Scott Sproat from Honolulu, Hawaii
Hello Diane, I recommend no more than 60 minutes per day at the very beginning. When you are fully trained, that usually is trimmed down to about 30 minutes per day.
Ray,
I know exactly what mean. In fact, I have first hand experience with similar services. That is the reason why I have invested over $50K in my training. I could tell you all day how I am different, but I’ll let you read this testimonial I got three days ago that has not been added to my site yet.
Hi Jeff,
My name is Ken and I received the manuals last Friday and am drinking everything in on the site and in the dvd’s. I’m very impressed. I have been investing since 1990 full time and have never found anything as appealing as your spread trading…Thanks for not charging $1500 for your course
If your interested, attached is a short bio work history page on myself. Ken Brandau
So Ray, the bottom line is I give you everything I have to make you successful.
Marty, Sorry to hear about your loss. I’ve been in your shoes too… listening to someone else give advice, who actually has no idea how to trade
Money management is a key ingredient to trading successfully. No matter how good an individual trade looks, I never allocate more than my money management rules allow. The guy who sold you the options won, quite simply, because he was the seller. All you could do is sit back and watch your options expire worthless…. I trade as the seller
Plus, I never recommend that anyone start with real money. My broker has a way that you can trade using “Fake Money” until you prove to yourself that you understand the concepts and are ready to do it for real.
Then I tell everyone to start small no matter how much money you have. Start with $3000 and turn it into $6000. Then take that $6000 and double it again to $12,000. Once you have done that, you are ready to get in the game
Mainstream media is the one trying to take advantage of everyone’s “greed glands” by promising that they can make thousands per day as soon as you turn on your computer. That is hogwash… You have to develop the necessary skill set which takes time…just like any other good thing you have accomplished in your life.
Don, I only do straddles in times of low volatility, and there is a catalyst to make the stock move significantly. Otherwise, you loose…. Last year wasn’t a very good time for trading straddles (although I managed to trade a few profitably). Straddles work well around earnings, if volatility is low and you have no idea which direction the stock will go. The key is, the stock has to move… not my favorite way to trade. I love the consistency of credit spreads, plus I’m looking for the income
Chris,
It depends on a lot of things. The ideal situation is to hold on, and let them expire worthless…that’s the goal…I bring $$$ in and KEEP IT!
That is why credit spreads are considered an income producing strategy.
Hello Jeff
I personally have never invested my money but rather had my bank through thier mutual fund invest for me.
Guess what – last year I lost over half the value of my portfolio. If I deciede to close it I will have to pay tax on the funds even though I have taken such a huge loss unless I reinvest it in an instrument for my retirement.
Does your program allow for setting up a stock portfolio and how long does it take to learn?
Tobin
Hi Terry, The reason retail option traders lose most of the time is simple…The CBOE (Chicago Board Of Options Exchange) report that 88% of the options that are traded every month expire worthless; meaning the investor (I call them gamblers) lost all their money.
You can probably guess who that is….Everyone who does not understand how to sell ‘em. This included myself at one point. As soon as I learned that information though, I knew I had to become a net seller instead of a net buyer. Now, I do exactly what the casinos do against gamblers….they use probabilities because they know their odds of winning are 53%.
I would never accept that low of a probability… so I train everyone to look for a minimum of an 85%. Which means that the person who is buying the option has a 15% probability of winning, and I have an 85%… Who do you think wins most often?
That is why it is absolutely critical that you understand how to sell options like the BIG BOYS:)
It’s not difficult, if you have the proper rules in hand… Just read my testimonials, they speak for themselves. By Law I can’t promise you any guaranteed results. And I would never, and I repeat NEVER, try to convince you to do anything that you aren’t 100% comfortable with.
There is RISK, the key is to make it a calculated business risk…not a gambling risk.
Here is the best part: you can start learning without ever opening an actual account – you trade with “Fake Money” until you are already making successful trades!
This way, you get to see the results… and learn the system… before risking any money.
Hello Forest,
You are proof positive that someone can actually make money in options trading… thanks for commenting.
I’ve got a small fortune invested into my training, and I openly share everything I have. I don’t hold back, and I’ve had many experienced traders purchase my course and come back to tell me they learned a ton. Just like Anthony in the testimonial I had on the video I did. He had 10 years of trading experience.
My course is a specific way to trade credit spreads that takes into account the use of probabilities. Plus, I send the profit alert emails. The membership site is jam packed with tons of quality instruction, and I even include my own actual trading plan.
Are you ready for the southbound move that is coming? Hope so…could be a once in a life time opportunity for those who know how to make money when the Market heads south
Hey Scott,
Actually, I suggest you put absolutely ZERO money into the market until you learn how to trade successfully. Only then do you begin to trade.
At that point, I predict you’ll be so excited about your new found skill set that you’ll do anything to get dollars set aside for trading, even if it means getting a second job…Those little green men work extremely hard for you even when your playing around:)
I play around a lot nowadays… don’t ever take things too serious
BTW, for anyone who wants to get more acquainted…check out my Facebook profile and let’s be friends. Click the link below.
http://www.facebook.com/jeffreyziegler
How much money would I need for my first real option trade (hundreds of dollars? thousands of dollars?) and how risky would the trade be and how good could I expect to do ( how much money could I make?)
Hey Tobin,
I cannot tell you how many people have told me the same story as you just did.
Unfortunately, I can’t offer you any advice about your potential tax burden. However, you may want to call the online broker I use so that you can make an educated decision about your next step.
Here is the telephone number: 1-866-839-1100
I’m certainly not a fan of having someone else control any of my funds. I highly recommend that every single person with even $1000 dollars invested in the Market, learn how to trade. Even if you never decide to take on trading or investing your own money, you will be able to ask educated questions of the person who is… It is an empowering feeling to be “in the know”, and have the ability to question specific decisions your investor is making with your life savings.
As far as how long it takes to learn, you’d have a great understanding over a weekend of studying the course. Then, it’s a matter of refining your skills over a couple of months practicing with Fake money to prove to yourself that you can do it.
Here’s a funny story… in Phil Town’s book, Rule #1, he talks about a study done using a real monkey picking out stocks, and how that monkey’s selections outperformed some top mutual fund managers. When he told this story in a live seminar he was doing, someone from the crowd yelled out “what’s the name of the Chimp”. Funny to me… some people have more trust in a chimpanzee than in a financial adviser! If only they knew with just a couple of months of study, they could learn a skill set that would pay them for the rest of their lives… and they wouldn’t need a financial adviser or a chimp.
Jeff,
We have been putting money into a 401k for about 9 or 10 years now and, as you know, we aren’t getting anywhere. In fact, we are moving backwards. We would like to take the money and invest it ourselves but don’t know where to start…what would you suggest?