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Unread 17th Feb 2017, 09:12 AM   #101
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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I stay in singapore . I dun know if our time zone is the same,

What if i am sleeping at night and at the your side , it is daytime and you are placing a trade , i will not be able to place trade at the same time zone as you.

can this be solved?
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Unread 17th Feb 2017, 04:44 PM   #102
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Originally Posted by steven73 View Post

I stay in singapore . I dun know if our time zone is the same,

What if i am sleeping at night and at the your side , it is daytime and you are placing a trade , i will not be able to place trade at the same time zone as you.

can this be solved?
Singapore is definitely a different time zone than the US, but you bring up a good point. Although it is good to get the trade in quickly, in most cases, trades are not based on split second timing. We do not do day trading here, most trades last 30 to 45 days. If you are putting the trade in a day late, you may get the same price, slightly worse, or even slightly better.

By the way love Singapore, your airport is like an entertainment center.
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Unread 15th Mar 2017, 01:52 PM   #103
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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your wso sounds very interesting. What kind of options do you trade? only US options? Can you recommend a broker in germany for your strategies?

I looked through the websites of quite a few german brokers and they are only offering to trade us options through cfds. Is that what we need or is cfd another thing?
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Unread 20th Mar 2017, 12:49 PM   #104
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Originally Posted by agoraphobic View Post

your wso sounds very interesting. What kind of options do you trade? only US options? Can you recommend a broker in germany for your strategies?

I looked through the websites of quite a few german brokers and they are only offering to trade us options through cfds. Is that what we need or is cfd another thing?


I trade equity options that generally trade on the NASDAQ or the NYSE, of course many of these companies are listed on several exchanges and most non-US brokerage companies also allow you to trade options listed on these exchanges. I dont know any brokerages in Germany, I tried to research some on Google, but the sites are in German. Just look for one that allows you to trade US equities, offers option trading, and of course low fees.


CFDs are different than options, they are similar, but not the same. I trade options because I capitalize on time decay, which CFDs do not allow you to do.
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Unread 20th Mar 2017, 12:50 PM   #105
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Example of trades I have on right now:

----------

On March 10th I posted the following:

Sell 3 AZO Apr 670 Puts
Buy 3 AZO Apr 660 Puts
Price $.90 credit

This means I collected $270

I can currently buy this trade back for $.37, which means for a total of $111. So a trade that is only 10 days old has profited $159.

----------

On March 6 I posted the following:

Sell 7 BA Apr 195 Calls
Buy 7 BA Apr 200 Calls
Price $.38 credit

This means I collected $266

I can currently buy this trade back for $.09, for a total of $63. So this two week old trade made me $203.
Keep in mind these are just the minimums. This is why I have had almost no cancelations on this membership. For only $39.95 membership fee my members are putting $400+ a month in their pocket. In 2016 I averaged over $500 a month.

----------

This is not a WSO that may or may not work. Every member is making money. Investing is not for everyone, but for those who want to invest and make way above average returns, I am here to show you.
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Unread 20th Mar 2017, 04:51 PM   #106
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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If I become a member basically you will tell me when I buy and sell?
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Unread 20th Mar 2017, 05:26 PM   #107
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Originally Posted by ahora View Post

If I become a member basically you will tell me when I buy and sell?

I tell you exactly what I am buying, when I am buying, and what price I am buying for and provide instant notifications. I then do the same thing on the sell side. More importantly, I teach you exactly what I am doing and why I am doing it. Although my goal not to get my members to cancel their membership, nothing would make me happier than a member sending me an email telling me they understand the system and no longer need me. Or if anyone who wants to keep getting my trades and profiting month after month we can do that too. Everyone wins.
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Unread 21st Mar 2017, 03:15 AM   #108
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Chris,

There is definitely value in what you do. I've been in & out of trading but never cared for having to do margins. It seems you feel the same & don't trade on margin.

I'm curious you said you make a living on your trading, from what I've seen from examples before In 2016 using $10,000 = $600/month & without margin is amazing.

To make a living I would think you have multiple accounts or much much higher balance than this as you would have to pay taxes and reinvest so you wouldn't withdrawl your entire month earnings?

Is it reasonable to say that you can make a living doing this? Or even a substantial supplemental income & know you said 30% / year but I'm still unclear?

Kindest regards,

John
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Unread 21st Mar 2017, 09:27 AM   #109
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Originally Posted by john_luckfield View Post

Chris,

There is definitely value in what you do. I've been in & out of trading but never cared for having to do margins. It seems you feel the same & don't trade on margin.

I'm curious you said you make a living on your trading, from what I've seen from examples before In 2016 using $10,000 = $600/month & without margin is amazing.

To make a living I would think you have multiple accounts or much much higher balance than this as you would have to pay taxes and reinvest so you wouldn't withdrawl your entire month earnings?

Is it reasonable to say that you can make a living doing this? Or even a substantial supplemental income & know you said 30% / year but I'm still unclear?

Kindest regards,

John

I do not trade on margin, but I do not have anything against trading on margin. Yes, I have several trading accounts and some with much higher balances. For most people who are new I recommend starting with $10,000, but I know a few members who are trading much much more. These members are people who already understand options and are just looking to benefit from my research and picks.

There are also several types of trading accounts, I am not licensed to advise on that, but some accounts certainly have tax shielding capabilities. If you are trading large sums of money, it would be worth it to talk to your accountant about what type of account would be best for you.

If you are just trading $10,000, you can just give yourself a nice supplemental income, if you are trading more you can certainly calculate what you would need to live off of.
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Unread 21st Mar 2017, 10:05 AM   #110
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Hi Chris,

Have sent you a PM on the error I hit when trying to order. Can help? Thanks.

cheers
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Unread 21st Mar 2017, 11:25 AM   #111
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Originally Posted by Keith Choy View Post

Hi Chris,

Have sent you a PM on the error I hit when trying to order. Can help? Thanks.

cheers


I can help, messaged you back.
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Unread 26th Mar 2017, 06:31 AM   #112
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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How much risk do we have on each trade? What are your results so far this year?

Thanks,

TedK
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Unread 27th Mar 2017, 05:09 AM   #113
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Also, what broker do you recommend or use?

Thanks,
TedK
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Unread 27th Mar 2017, 08:12 PM   #114
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Originally Posted by tjk1058 View Post

How much risk do we have on each trade? What are your results so far this year?

Thanks,

TedK


Risk depends on the trade and how much to invest really depends on you. I recommend an account with at least $10,000 in it. However, I know a member trading only $4000 and another trading over $200,000.

I have been warned about putting profit results in this forum, apparently you cannot post profit results unless it can be proven through warrior payments. I did post a couple of trades above that I did this month, the BA trade is only worth $.03, so that is pretty much a total win and the AZO trade is still worth about the same as when I posted last week.



Originally Posted by tjk1058 View Post

Also, what broker do you recommend or use?

Thanks,
TedK

I only use TDAmeritrade because they have the best free software for trading options, but I know there are other good ones. Fidelity, Option House, Charles Swab I have heard are all good. I am sure there are others too.
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Unread 4th Apr 2017, 12:07 PM   #115
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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For someone who knows nothing about the stock marekt, let alone stock options, I like the fact you simply tell us what your're doing and we follow your lead.

I do have one question. I can put $10,000 in my account but I would only feel comfortable at least in the beginning to actually use just 5% of my funds, $500. Does this amount keep me from trading with some of your recommendations? That is does one have to invest a certain amount in some of your trades?
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Unread 4th Apr 2017, 02:40 PM   #116
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Hello. I am interested in this but I'm seeing a lot of complaints about the one you recommended TDAmeritrade here https://www.consumeraffairs.com/finance/ameritrade.html. Do you and others here have any other ones to recommend?

Thank you.
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Unread 6th Apr 2017, 10:59 PM   #117
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Originally Posted by rangers1958 View Post

For someone who knows nothing about the stock marekt, let alone stock options, I like the fact you simply tell us what your're doing and we follow your lead.

I do have one question. I can put $10,000 in my account but I would only feel comfortable at least in the beginning to actually use just 5% of my funds, $500. Does this amount keep me from trading with some of your recommendations? That is does one have to invest a certain amount in some of your trades?


I would not recommend only trading $500, that would not get you into the game. However, if you want to test things out, you can paper trade. That means you trade with fake money. The software will give you all the functions and tracking as it would with real money, but its really take money. You can then see how you would have done. Paper trading is always a good idea for beginners.
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Unread 6th Apr 2017, 11:07 PM   #118
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Originally Posted by butterbee13 View Post

Hello. I am interested in this but I'm seeing a lot of complaints about the one you recommended TDAmeritrade here https://www.consumeraffairs.com/finance/ameritrade.html. Do you and others here have any other ones to recommend?

Thank you.

I have always been really happy with TDAmeritrade, but that is likely because I don't use the customer service that much. I started looking up the other discount investment banks, Charles Swab, Scottrade, Fidelity, and etrade. They are all rated one star on that site. Probably because no one files a review on Consumer Affairs unless they are unhappy.
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Unread 17th May 2017, 09:01 PM   #119
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Not sure I follow this correctly. So to start out with $10000 you would only make $400-$600 a month?
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Unread 17th May 2017, 09:13 PM   #120
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Originally Posted by tip19 View Post

Not sure I follow this correctly. So to start out with $10000 you would only make $400-$600 a month?


Only? That is a huge return on capital. If you know another type of investment that pays more I would love to hear about it.
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Unread 13th Jun 2017, 05:34 PM   #121
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Hi Chris, what do you think about Interactive Brokers and their Trader Workstation platform? I believe they are also cheaper in terms of commissions. I have an account at AmeriTrade but no approval to trade options yet, but I can use their Thinkorswin platform for learning. Thanks!
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Unread 16th Jun 2017, 10:02 AM   #122
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Re: How I Make Full Time Living Just By Pressing A Few Buttons Monthly (I Provide No Product Or Serv
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Originally Posted by ak773 View Post

Hi Chris, what do you think about Interactive Brokers and their Trader Workstation platform? I believe they are also cheaper in terms of commissions. I have an account at AmeriTrade but no approval to trade options yet, but I can use their Thinkorswin platform for learning. Thanks!

I have heard good things about Interactive Brokers, but have not used myself. I know a customer who uses both, and agrees ThinkorSwim is better. Option approval only takes a couple of days, you should Google getting approved for options and the best way to approach that.


Also, you can increase your chances of approval if you take an options test at TDAmeritrade if they deny you.
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