Joel Greenberg, Instructor: Advanced Options & Income Options
Most people need money and most of us get it through our work. Whether you are just out of school, mid-career, or around retirement you will continue to need money to live and to enjoy life. Most of us would like to get ahead of our expenses and save for the future with bank accounts, IRAs, 401Ks, and CDs. Recall 2008. That put an end to banks paying interest so most of us turned to the markets and “Financial Advisors” who invested our money for us. These advisors were paid handsomely by us even when our account sizes were getting smaller and smaller. Individuals and many 401Ks also suffered from the same problem. When you think about a market you have to always remember that there are two sides to every trade and you need to understand both sides, yours and the “other side” of your positions. The bottom line is this: If you are losing money; someone else is making it! I got tired of paying professional financial advisors to lose my money. Mine clearly did not understand how the markets worked so I fired them and used the money I saved in fees to take classes, learn to trade and manage my own investments. I need my money to work for me and GROW. No one cares more about my goals than I do so I’m the best person for the job. For example, two of my positions hit their predefined 50% profit targets this morning on the open. These option PUTS were sold for $860.00 each and I bought them back this morning for $430.00 each to close both positions. The net result was $430.00 X 2 = $860.00.
That’s just one example of my trading methodology. To see exactly what I do, when I do it and why it’s done, join me on October 28, 2017 in our Income Generation and Wealth Building Class. If you have any question please email me at email@example.com.