Replace Your Income with Options

Looking at trading from the perspective of a business process, Brian McAboy noticed that a primary challenge of trading is the same as it is in the manufacturing industry, and most other businesses: the need for consistent, solid execution of best practices. This was great news, since it’s the primary focus of the whole field of Quality Assurance: making the processes and operations run so consistently and reliably that confidence and security are maximized, as are profits. Brian’s field, Quality Assurance, is in its essence, “The Science of Consistency”.  Its tools, principles and practices are all designed specifically to clarify processes (for any business activity) and then get them to be highly repeatable – which is perfect for traders!  In this episode of How To Trade It, Brian talks about coaching his students by equipping them with the tools to become consistent, time and time again. You don’t want to miss it!Subscribe to How To Trade ItResources & People MentionedBrian’s FREE Enough To Be Dangerous PDFConnect with Brian McAboyWebsite:: https://insideouttrading.com/   YouTube:https://www.youtube.com/TraderBrianLinkedIn:https://www.linkedin.com/in/brianmcaboy/ Connect With Casey StubbsWebsite:      https://caseystubbs.comYouTube:    https://www.youtube.com/TradingStrategyGuidesYouTube:   https://www.youtube.com/caseystubbsTwitter:       https://www.twitter.com/caseystubbsFacebook:   https://www.facebook.com/TradingStrategyGuidesLinkedIn:    https://linkedin.com/in/caseystubbs   Subscribe to How To Trade ItDisclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.Support the show📈 Want to Replace Your Paycheck with Options? Join my free live training this Thursday: 👉 https://reports.ubpages.com/replace-your-income-webinar/ 🔗 Explore all my tools, trade alerts, and social links: 👉 https://linktr.ee/caseystubbs Casey Stubbs Freedom Income Options Replace Your Paycheck, Reclaim Your Freedom.

Jerry Allison is a CPA who has been practicing accounting for over 30 years.  He also holds a doctorate in business administration and a master's degree in mathematics. In addition to accounting in all types of businesses, he has taught at several universities and colleges, helping students set up and operate businesses efficiently. Dr Allison has also performed research in business strategy, publishing several journal and conference papers, and he specializes in tax preparation and consulting for those trading public securities.  In this episode of How To Trade It, Jerry talks about the importance of understanding how to properly file taxes as a trader. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode, if you are interested in…[00:24] Taxation for traders[00:50] Trading Forex…[06:40] Reasons for a Schedule C[07:14] Two types of LLCs[08:55] Tax impact of losing money while trading[09:46] Trading Stocks & Options…[19:58] Cap Gains & Losses[23:17] Trading Futures…[26:32] Trading Cryptocurrencies…[29:02] Creating a trading business[32:45] Services provided by Traders AccountForex taxationIncome from trading Forex is reported as regular, ordinary income.  It’s super simple to report.  It looks like income from a W-2 or 1099.  If you want to be able to deduct expenses, you can claim “Trader Status”, if you meet the following special circumstances from the IRS:  Take 700+ trades in a year; trade on 75% or more of the available trading days in a year; and spend 4-6 hours per day in research and/or education.  The IRS is trying to make certain that you are treating “trading” as an actual business.  The downside?  Claiming expenses on a Schedule C, as an individual, increases your audit risk.     Limited Liability CompaniesThe first type is a single member LLC, where there is only one owner.  Income is reported on the Schedule C of the individual’s tax return.  This is useless to set up, if you are a trader.  The second type, and the one recommended for traders, is a partnership, or a multi-member LLC.  In this case, the entire trading piece is moved from the individual tax return, and income is reported on a partnership tax return.  The IRS views this as a legitimate business, or a pass-thru entity, where income is reported on a Schedule E.  Capital Gains TaxesThere are two kinds of cap gains to conGrab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.Higher Listenings: Joy for EducatorsA new podcast from Top Hat delivering ideas, relief, and joy to the future of teaching.Listen on: Apple Podcasts   SpotifySupport the show📈 Want to Replace Your Paycheck with Options? Join my free live training this Thursday: 👉 https://reports.ubpages.com/replace-your-income-webinar/ 🔗 Explore all my tools, trade alerts, and social links: 👉 https://linktr.ee/caseystubbs Casey Stubbs Freedom Income Options Replace Your Paycheck, Reclaim Your Freedom.

Michael Lamothe is the founder of MARA Wealth, and is a successful author and trading coach. Mike’s trading journey began in the late 90s as a self-taught, part-time trader.  Mike learned the hard way that there’s a lot more to trading than putting money in and simply waiting for more to pop out. After failing miserably on his own for nearly a decade, Mike discovered William O’Neil's book, “How to Make Money in Stocks”, and the Investor’s Business Daily Meetup in NYC. Learning from like-minded traders and professional money managers, Mike began taking trading more seriously, his confidence grew, and within a year, he not only became profitable, he became a Co-Leader of the NYC Investor’s Business Daily Meetup. In this episode of How To Trade It, Mike shares how he finally broke free from the vicious market cycles of gain and loss by shifting his mindset. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode, if you are interested in…[06:58] Getting a system that works for YOU[10:24] Boom & Bust cycles[16:54] Finding your own style[24:00] Knowing when to break the rules[30:13] MindsetFresh out of high schoolMike tried trading on his own, on and off for nearly a decade, all-the-while getting bashed by the markets. It wasn’t until he discovered the O’Neil method when reading a book, that he began to understand the ins and outs of trading.  Within a year, things finally turned around and brought some profitability.    When can I break the rules?The usual answer is “NEVER”!  Having trading rules to follow is an important part of being a successful trader. Be disciplined, in the moment. Follow the rules, in the moment.  But afterwards, when you are doing your post analysis, if you discover that your rules aren’t working, or aren’t producing the results you want, THEN, and only then, is it time to change the rules.  Again, this should be done in an orderly fashion, with a goal in mind.  It cannot be done in haste or out of revenge, or anger, or fear.   Resources & People Mentioned How To Make Money In Stocks by William O’NeilMark MinerviniVan TharpGrab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.Higher Listenings: Joy for EducatorsA new podcast from Top Hat delivering ideas, relief, and joy to the future of teaching.Listen on: Apple Podcasts   SpotifySupport the show📈 Want to Replace Your Paycheck with Options? Join my free live training this Thursday: 👉 https://reports.ubpages.com/replace-your-income-webinar/ 🔗 Explore all my tools, trade alerts, and social links: 👉 https://linktr.ee/caseystubbs Casey Stubbs Freedom Income Options Replace Your Paycheck, Reclaim Your Freedom.

In this episode of How To Trade It, Casey shares what he has found to be the BIGGEST obstacle to his trading success…and it may just be true for you too. Listen now to hear how to overcome this hurdle. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[01:13] And the obstacle is…[03:54] What is integrity anyway?[08:50] Following a plan[13:10] The biggest catalyst to trading success[15:21] Good habits[20:15] The #1 reason traders failIntegrity in Life & TradingIt’s pretty simple.  Integrity is doing the right thing, even when no one is watching. First, you must start with defining your standard, so that you know what the “right” thing is.  In the trading world, that means having an established plan.  If you want to become an excellent trader, you need to start with a well-thought out (& written down) plan with rules and processes to follow.  A Lack of Integrity?Sometimes we sabotage our own efforts.  We don’t follow our own rules, then we blame the market, or the indicator we are using, for our failure.  We condemn ourselves for having a bad trade or series of them, and then we experience guilt for not being successful.  It’s easy to get stuck in this cycle, and it’s definitely not productive.  This lack of integrity will cause problems time and time again.  If you can’t keep yourself accountable to following your stated rules, it might be time to find people who are willing to walk along side of you to help you stay on your path.   Resources & People Mentioned Forex Master TraderLeave a review:  Apple Podcasts or PodchaserHow To Trade It - Create Winning Trading Habits & Become a Trading Millionaire, Ep #116 Send questions, comments, and podcast ideas to: Business@TradingStrategyGuides.com Connect With Casey Stubbs Website:     https://caseystubbs.comWebsite:     https://tradingstrategyguides.com/YouTube:     https://www.youtube.com/TradingStrategyGuidesYouTube:     https://www.youtube.com/caseystubbsTwitter:       https://www.twitter.com/caseystubbsFacebook:   Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.Support the show📈 Want to Replace Your Paycheck with Options? Join my free live training this Thursday: 👉 https://reports.ubpages.com/replace-your-income-webinar/ 🔗 Explore all my tools, trade alerts, and social links: 👉 https://linktr.ee/caseystubbs Casey Stubbs Freedom Income Options Replace Your Paycheck, Reclaim Your Freedom.

Patrick Walker is the co-founder of Mission Winners.  He loves to learn.  And thankfully, he loves to teach as well.  He’s taught on the university level, led youth groups & scouts, and even trained others in outdoor survival skills.  In this episode of How To Trade It, Pat shares some personal stories of growth, walks us through how he survived downturns in the market, gives credit to those who have taught him all that he knows, and so much more.  You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[02:45] How outdoor survival skills translate to the investing world [11:56] What you need to know to get started investing in the market[17:20] Focusing on chart patterns that everyone can see[18:40] The two types of capital to protect[23:40] Focusing on these three moving averages[31:40] How to stack the deck in your favor[38:47] Things to look for before exiting[43:50] Mission Winners and how to get in touchOutdoor SurvivalPatrick is big on discipline.  When he taught outdoor survival skills at high elevations, he used an, “If this...then that” approach.  You need to know what “that” is before you can do it because quite literally your life may depend upon it.  While your physical life isn’t on the line, the same principle applies when investing in your financial future.  Pat tries to make his teachings fun and delivers them in digestible pieces.  Hey, don’t forget your whistle!  Moving Averages   Patrick strives to buy right, so he likes to look for a clean and simple base that everyone can see.  When the volume pushes through, you ride it as long as you can.  If there is no volume, it’s a red flag not to BUY.   Pat is a fan of these MAs:8-period exponential moving average21-day exponential moving average50-day moving averageBefore leaving a tradeWhen asked what he does during a bear market, Patrick answered with a resounding...I’m OUT!  “When we accept the fact that we don’t know the future, we see the future much clearer.”  When you start losing the 21-day, and you start losing on the 50-day, and you start to see it rolling over on increasing volume...it’s time to get out.  It is what it is.  You have to learn to believe in what you see on the charts.Resources & People MentionedGet FREE training from Patrick WalkerHow to Make Money in Stocks by Bill O’NeilThink and Trade Like a Champion by Mark MGrab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.Higher Listenings: Joy for EducatorsA new podcast from Top Hat delivering ideas, relief, and joy to the future of teaching.Listen on: Apple Podcasts   SpotifySupport the show📈 Want to Replace Your Paycheck with Options? Join my free live training this Thursday: 👉 https://reports.ubpages.com/replace-your-income-webinar/ 🔗 Explore all my tools, trade alerts, and social links: 👉 https://linktr.ee/caseystubbs Casey Stubbs Freedom Income Options Replace Your Paycheck, Reclaim Your Freedom.

Joseph Gasperoni, aka "Jtrader," began his journey in 1999, by trading in the Italian and European stock markets. He was very successful, but wanted to expand his knowledge, so he decided to learn to trade options, futures, and American stocks. From 2004-2015,  he was able to achieve a 70% win rate per year.  In this episode of How To Trade It, Joseph shares his success and his struggles with anxiety and depression. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode, if you are interested in…[09:42] What “profitable” looks like[11:27] The thing that changed Joseph’s life![15:19] Starting over[19:46] Managing anxiety & stressOne year of trading Toward the end of high school, Joseph made the decision to give trading a try for one year, and if it didn’t work out, he’d go to University to study banking.  After graduation, he spent the summer working and saving money, and by fall, he was able to open a brokerage account to start trading covered warrants.  In just 40 days, he lost everything he had. Instead of getting upset, he focused all of his energy into studying and learning how to trade well. The day that changed his life!Joseph was making money hand over fist! He was finding success at every turn. He was working out of a small “office” under the stairs in his parents’ home, with only two monitors, when he made almost 6 figures IN ONE DAY! That’s life-changing money right there.  But better than the money, was the look of pride that he saw when he looked into his parents’ eyes. Joseph says it was one of the best moments of this life.Starting over  Joseph had grown accustomed to bringing in 5-10k/day .  Sometime around 2002-2003, when the Italian banks realized they were losing money, the markets changed, and Joseph found himself unable to trade covered warrants anymore.  Basically, he had to find something else to trade and completely start the educational process over again. Resources & People MentionedSmash the BidRetraining The Brain: A 45-DAY PLAN to Conquer Stress and AnxietyConnect with Joseph Gasperoni (JTrader)Website::    https://jtrader.co/  YouTube:   https://www.youtube.com/c/JTRADERTwitter:      https://twitter.com/jtradercoLinkedIn:  https://www.linkedin.com/in/jgasperoni/ Subscribe to How To Trade ItDisclaimer: Trading caGrab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.Support the show📈 Want to Replace Your Paycheck with Options? Join my free live training this Thursday: 👉 https://reports.ubpages.com/replace-your-income-webinar/ 🔗 Explore all my tools, trade alerts, and social links: 👉 https://linktr.ee/caseystubbs Casey Stubbs Freedom Income Options Replace Your Paycheck, Reclaim Your Freedom.

Casey Stubbs is a 9 ½ year United States Army Veteran and married father of nine.  He is an entrepreneur, a leader in his local church, and is a successful business owner and trader.  Casey is dedicated to helping people from all walks of life fulfill their financial dreams, while also achieving financial freedom. Helping others is at the heart of all that drives Casey on a daily basis.  In this episode of How To Trade It, Casey veers from trading, and instead, shares a message he recently preached. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[04:46] Matthew 20:1-16[08:31] The Kingdom of heaven[12:22] Idle people[15:45] The rich young ruler[17:32] Leveling the playing field[21:55] Spirit & Truth[24:33] Christianity is…[26:37] Colossians 1:13[29:03[ Critical encountersResources & People MentionedSend questions, comments, and podcast ideas to: Business@TradingStrategyGuides.comConnect With Casey StubbsWebsite:         https://caseystubbs.comYouTube:       https://www.youtube.com/TradingStrategyGuidesYouTube:       https://www.youtube.com/caseystubbsTwitter:          https://www.twitter.com/caseystubbsFacebook:     https://www.facebook.com/TradingStrategyGuidesLinkedIn:       https://linkedin.com/in/caseystubbs   Subscribe to How To Trade ItGrab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.Higher Listenings: Joy for EducatorsA new podcast from Top Hat delivering ideas, relief, and joy to the future of teaching.Listen on: Apple Podcasts   SpotifySupport the show📈 Want to Replace Your Paycheck with Options? Join my free live training this Thursday: 👉 https://reports.ubpages.com/replace-your-income-webinar/ 🔗 Explore all my tools, trade alerts, and social links: 👉 https://linktr.ee/caseystubbs Casey Stubbs Freedom Income Options Replace Your Paycheck, Reclaim Your Freedom.

Tom “Canny” Canfield worked on Wall Street for two years, before starting a chain of restaurants. Ultimately, Canny began trading stocks in 1997, as he wound down the restaurant business, and went full-time by 1999, because of the freedom it provided to be at home with his wife and four kids.  Trading is an expression of love for his family and has allowed him to be actively involved in his kids’ lives. Coaching, teaching, and encouraging, is very much in his blood…from hockey with his children to trading today. Tom is now free to enjoy life on his own terms. In this episode of How To Trade It, Tom and Casey discuss the joys and pains of trading. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[06:12] A strategy for this current market[08:59] How Tom enters a trade[13:22] Knowing when NOT to trade[23:45] Rebounding from a catastrophic loss[29:29] Facing your demons[35:29] The one year heart attack anniversary!Strategy for this current marketAccording to Tom, there’s a whole lot of nothing right now.  Short trading is pretty stressful for him.  He  tends to be more of a long-term trader who looks for growth stocks that are gaining ground quickly and are in an uptrend.  So, when market conditions are under the 200 moving average, Tom tends to trade very short-term…one, two, maybe three days, at most.  There are still lots of small wins you can capture, but it’s the money he makes on those long-term trades that sustain him during these leaner times.  Knowing when NOT to tradeTom likes to take a break…or rest…from trading.  He believes it’s healthy for our progress to take weeks, even months, where we don’t take a trade at all.  “It’s absolutely essential to your mental health”, he chimes.  Rebounding from a catastrophic lossIn late January 2018, Tom tragically suffered a devastating $500,000 loss in a matter of about an hour. He tried to trade again, but was spiraling out of control.  All he wanted to do was recover his money, but he was spinning his wheels.  Tom ended up taking six months off from trading because he was so psychologically damaged that he couldn’t even think straight.  It was critical that he took the time necessary to get back to “neutral”.  For Tom, that meant accepting that the money was gone, it was no longer his, he only had what he had, and then he needed to move on from there.  No looking back.  He learned that it’s essential to accept losses entirely, so you can find peace right where you aGrab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.Higher Listenings: Joy for EducatorsA new podcast from Top Hat delivering ideas, relief, and joy to the future of teaching.Listen on: Apple Podcasts   SpotifySupport the show📈 Want to Replace Your Paycheck with Options? Join my free live training this Thursday: 👉 https://reports.ubpages.com/replace-your-income-webinar/ 🔗 Explore all my tools, trade alerts, and social links: 👉 https://linktr.ee/caseystubbs Casey Stubbs Freedom Income Options Replace Your Paycheck, Reclaim Your Freedom.

Shannon Bray was born in South Louisiana and graduated from Thibodaux High. After taking an initial stab at college, Shannon enlisted in the United States Navy. He still enjoys scuba diving. Shannon lives in Apex, NC, with his wife, and three wonderful children. He has worked in various information technology roles and has become a leading expert in his field. Shannon believes that his expertise can benefit lawmakers who may be too distant from technology to understand how to incorporate it properly and how to generate laws around cyberspace. He is currently running for a U.S. Senate seat in North Carolina.  He has recently released his latest book on cryptography, which focuses on information security and the privacy of data. In this episode of How To Trade It, Shannon shares his thoughts on the best cryptocurrencies and their future. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[05:53] Bitcoin’s superiority[15:58] Crypto…which ones are legit?![17:45] What do investors need to look for to protect themselves?[20:15] Blue Sparrow unplugged[28:12] SHIB[34:51] The future of cryptocurrencyBitcoin’s SuperiorityShannon believes that Bitcoin will be really helpful in the future; especially in countries, like the USA,  that are overprinting and devaluing their dollar.  Those actions will inevitably lead to stability issues and recessions.  As the Bitcoin maxies say, “1 Bitcoin = 1 Bitcoin”.  In other words, the value of the USD doesn’t matter because crypto isn’t affected by the same factors.  Whether Bitcoin goes up or down, it always recovers.  The world is going to be more reliant on it, as time passes. Bitcoin was set up to reach a maximum,  so as it approaches that number, its value will continue to rise.    Blue Sparrow   Shannon was drawn to Blue Sparrow because of their involvement with charities.  This Etherium20 token benefits, not only its holders, but is also reaching third party communities with no shelter or running water.  Blue Sparrow has built a school in Iran, is building another school and a water tower in Kenya, and is contributing to several other projects. A new version (2.0) is launching any day now, that will allow this amazing humanitarian work to continue.  SHIBShannon credits SHIB as his reason for even being in crypto.  Last year, he invested a mere $1,200, and quickly turned it into 6 figures!!!  It changed his life. The SHIB Army is a fantastic and informative community that reallGrab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.Higher Listenings: Joy for EducatorsA new podcast from Top Hat delivering ideas, relief, and joy to the future of teaching.Listen on: Apple Podcasts   SpotifySupport the show📈 Want to Replace Your Paycheck with Options? Join my free live training this Thursday: 👉 https://reports.ubpages.com/replace-your-income-webinar/ 🔗 Explore all my tools, trade alerts, and social links: 👉 https://linktr.ee/caseystubbs Casey Stubbs Freedom Income Options Replace Your Paycheck, Reclaim Your Freedom.

Blayne Beacham Macauley is an artist and photographer whose works have garnered international acclaim, and have been featured in galleries, exhibitions, show houses, and in print and television media.  Since 2007, Blayne has participated in more than 22 gallery and museum shows; multiple juried exhibitions; and five renowned show houses. When Covid entered the scene, Blayne tried her hand at trading, and unlike the 98% of Covid traders who are no longer around, she is still going strong.  In this episode of How To Trade It, Blayne shares her journey into Options trading. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[06:34] Blayne’s desire to invest[11:26] Where to enter a trade[12:25] What she’s trading most[13:13] The decision-making process[15:18] Managing risk when trading Options[16:48] Tracking trades[18:24] Highs and lows of trading[20:23] The AAPL Challenge[22:42] Start up funds[24:18} Why she didn’t quit[34:01} Blayne’s best week of tradingDesire to InvestBlayne’s desire to invest led her to check out trading during the Covid-19 pandemic in 2020.  She started with a Robin Hood account and simply followed their suggestions.  From there, she moved on to BeyondMeat because of the obvious and ongoing meat shortage.  Blayne joined a few services and tried to follow a few well-known traders, but wasn’t really hooked until she found her passion in trading podcasts.  That’s when she really fell in love with trading.   Entering a tradeBlayne really likes puts.  Puts are great!  She wants to see a bear flag into a key level break and then a rejection of an EMA.  So, basically, she enters a trade by looking for a particular level and chart pattern.  Blayne likes to keep things simple, so she mainly trades Apple.  She has all of her levels drawn out.  She understands the nuances of it, how it reacts with SPY and the Qs, so then Blayne basically tries to exploit the inefficiencies going on between them.  Managing riskBlayne likes to buy puts at a level of resistance. It either rejects or she’ll cut it, if it goes over that resistance level.  So, there’s always a small element of risk. It’s hard to know EXACTLY where to enter or exit, and Blayne admits that she sometimes battles the mental struggle associated with these things.  She likes to keep her losers smaller than her winnersGrab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.Higher Listenings: Joy for EducatorsA new podcast from Top Hat delivering ideas, relief, and joy to the future of teaching.Listen on: Apple Podcasts   SpotifySupport the show📈 Want to Replace Your Paycheck with Options? Join my free live training this Thursday: 👉 https://reports.ubpages.com/replace-your-income-webinar/ 🔗 Explore all my tools, trade alerts, and social links: 👉 https://linktr.ee/caseystubbs Casey Stubbs Freedom Income Options Replace Your Paycheck, Reclaim Your Freedom.