STEP 2 How To Start Trading Options - Power Profit Trades

Transcription

Double Your Money on theWorld’s Largest Stocks – in Three Simple StepsSTEP 2How to StartTrading OptionsBy Tom Gentile

Investor ReportFrom: Tom GentileFor: Power Profit Trades SubscribersDouble Your Money on the World’sLargest Stocks - in Three Simple StepsHow to StartTrading OptionsLast time, I showed you the seven reasons why options are the fastestway to make a lifetime of profits.And today, I’m going to show you just how easy it is to get started. Infact, it’s never been easier to trade options.Now this is absolutely critical to taking advantage of the specialopportunity I’ll be sending you soon that puts you in position to double –even triple – your money fast.So let’s get to it You may already have a stock brokerage account or a retirementaccount that allows options trading. And if you don’t, all you need to dois open one. That doesn’t mean you can just start trading, though youneed to get clearance or authorization from your broker first.But if you don’t - or want to use a different broker - just click herefor a list of popular choices, and follow the instructions there.Of all of the “majors” listed in that table, I like TradeStationthe most, as the company’s education and ongoing training materialsare top-notch. I also like its fast trading platform, its super low-costcommissions, and its intense focus on customer service.For more information, you can call them at 1-800-328-1982. Andplease note: I don’t receive any compensation from TradeStation, inany form. I simply prefer their product.

POWER PROFIT TRADESInvestor’s ReportYou’re also going to be asked a series of questions when you getstarted, so you’ll need to have your Social Security number, liquid networth, total net worth, annual income, and source of income on hand.Don’t worry You’ll only be asked this to determine the level of options trading(known as “clearance”) that you qualify here.Investment Objectives: this will range from income on the lowside to speculation on the risky side. If you want to be able to tradebasic options (simple calls and puts) but would like to eventually trademore advanced strategies, you might want to consider “speculation.”Options Strategies: at one time, I was teaching over 25 optiontrading strategies. But for the sake of simplicity, here are you basic“levels” of options strategies. What you qualify for will depend onyour familiarity and experience (we’ll be talking more about thesesoon): Insurance Position Level 1: Covered calls Level 2: Long calls and puts Level 3: Spreads (both debit and credit) Level 4: Naked equity puts Level 5: Naked equity calls Level 6: Naked index calls and putsTrading Experience: as with the trading strategies above,the higher the number here, the better. If you don’t have a lot ofexperience, think about what you’d like to be able to trade in thefuture and factor that into your decision. And remember, I’ll be hereto give you the knowledge and tools you need to be successful.2

POWER PROFIT TRADESInvestor’s ReportThese are the other types of questions you can expect to during thisprocess:Personal Finances: this is pretty straightforward and just consistof your liquid net worth, total net worth, annual income, source ofincome, etc. Keep in mind that your broker can easily verify thisinformation, so want to be as accurate as possible. And if you’reunsure, there’s several calculators at your disposal online – or youcan contact your financial or tax professional.Just one more thing Nowadays, you’ve got a crucial advantage veteran options traders likeme never had when starting out - a virtual trading account.While virtual trading, or paper trading, doesn’t actually involve realmoney, it’s the best way to get familiar with options trading and placingorders before you start using real money. There is nothing like putting anorder in backwards to kill your ego (my very first trading mistake) – sotake advantage of this awesome tool.You’re about to embark on a journey that could truly change your life.I know it changed mine. And my promise to you is to continue sharingeverything I’ve learned over the past 25 years – including everything WallStreet doesn’t want you to know – so you can get everything you’ve everdreamed of.And now that you have an account, I’ll show you exactly how to useit – and start making a ton of money Tom Gentile3

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basic options (simple calls and puts) but would like to eventually trade more advanced strategies, you might want to consider “speculation.” Options Strategies: at one time, I was teaching over 25 option trading strategies. But for the sake of simplicity, here are you basic “levels” of options