The Option Genius Podcast: Options Trading For Income and Growth

Hey, passive traders. Howdy Ho, how's it going? Today I'm coming to you with a challenge. Yes, I'm actually going to challenge you, I had something I want you to do, or at least try because even if you try, it's gonna be better than not trying at all. And I believe that the word challenge has been watered down, you know, challenge used to be something tough, something hard to do something not everybody could accomplish. But now it's like, challenges in China that this ice bucket challenge, you know, thrives on your head, okay? No big deal. Right. So this particular challenge is actually going to be difficult. And it's not something that you're going to be able to do overnight, most likely, it's going to take some time, but I believe that this is a goal. That is very worthwhile. Now, let me give you a little background before I tell you the challenge, okay? They say, scientists, that is tell us that money can make us happy to a certain degree, right. So if you're making less than 75,000, they say, if you make more money, then you will be happier. Obviously, you'll have a better standard of living, less stress, all that good stuff, right. But after 75,000, the more you make, it doesn't really help that much, your level of happiness doesn't really change, you just stay at the same level. I believe the number is probably 100,000. Now, just because 100,000 - 6 figures is a good goal, everybody's like, Oh, yeah, make six figures. It's like a cool thing. So I would say, hey, that number is 100,000. So if you were making up to 100,000, you know, if you make more, you'll get happier. And then maybe after that, then you don't get happy anymore. But the thing is, that's really I think the point of life is to be happy. And then how do you after you're making that much money, then it becomes not about you, but it comes about how can you help other people, right, and then that's where it comes to the challenge. So I want you to be happier, I want you to be more successful. And I think that this challenge will be able to do both. First off, they have something called tithing, in Christianity. In Islam, they have something called Zakat. In Judaism and Hinduism and Buddhism, it's voluntary, I believe, to give money, not mandatory, but to encourage. So all the major religions have some sense of giving back to help, the less fortunate. The need. That's what I'm talking about. How much money of your income Do you give away? Whether it be a religious thing, or to a charity, or local cause? or whatever you want to do? How much of your money do you give away? Now some of you are thinking, Oh, Allen, hold on, they're barely making ends meet as it is. Don't be telling me about me giving away money. That's fine. You don't have to do it right away if you really can't, but I do believe that there is something that you can do. And if you do get it, it'll make everything better. It'll make you happier. And it'll make you more effective and more productive and wealthier. I've seen it with my own eyes. So here's the thing, if you're not giving anything, right now, zero. Now give me anything if you want, you know, tallied up to how much money do you give every month, on a monthly basis? Or on a yearly basis, however you want to figure out figure you know, find out what you make? How much did you give away to journeys to your religious institution? Maybe you know, give a loan to somebody that never got paid back. Because you knew Yeah, it's not very bad, that's also, you know, giving money to a friend or relative or whatever like that. Find out how much you make, find out how much you gave, what percentage is that? If you're not doing anything, if you're zero, I want you to get up to 5% I want you to give away 5% of your income. Okay, now this is for people who are like, really strict wrangling really, it's tight, everything is tight. And I think you should make it a family affair for all of us. The family should be on board with it. Wife, spouse, kids, husband, everybody. And maybe they all pitch in to help decide where the money goes. That'd be really cool thing. It's a good lesson to teach the kids as well. If you are giving something, but you're giving less than 10. Let's bump it up to 10. Okay, because if you already know how to give, then you got to make it a habit. You got to make it consistent. Okay, I'm going to get this much. Now I got to figure out where is it going to go? And that's the fun part. That's the fun part. We figured Oh my god, there are so many great places and great things that I want to help the world in. Which one do I get to help out? Eventually, the goal is to go higher. So for those of you who are giving 10% or more, you're not off the hook. Because the challenge the real challenge is to get you up to 20%. That's right, 20% of what you make your income now I'm not talking about taxes. I'm not gonna make it complicated. This could be before or after-tax, whatever. However you want to do it, that's up to you. But the challenge is to get up to 20% of your income given in a way to whatever you want whatever organization you want to, okay. How do you get there is an issue. So there are two things, two things you can do. Number one, you can lower your expenses, obviously, right? Now, I don't want you to lower your standard of living, I don't want you to live like a popper. So you know, cut the things that maybe you don't really use or need anymore. You know, maybe if you have a Netflix, and if you have an Amazon Prime, if you have a Hulu, and if you have a Disney plus, maybe you don't need all four of them. How much TV Do you watch anyway? Maybe you just need to or want to cut something, save some money. Maybe if you eat lunch out, five days a week, maybe you Brownbag at one day, not only will you be healthier, but you'll save money, you feel better about yourself. So, these little cutbacks, not only will they make you more financially stable, but they will also make you healthier, you know, you'll get out and do active stuff instead of watching TV. So we can only hope, right? The other way is to increase your income. Now 20% is a stretch by anybody's imagination, right? You're gonna have to really put your pen to paper and figure this out, like how much how can I do this, right? Go from 5 to 20 or 10 to 20, it's a big deal. So you're gonna have to make more money. And whether that's income from job income from business, investment, or trading, it's going to give you a logical, tangible, physical goal that look, I need to make "s" because that's the challenges. And then you got to figure out how you're going to do it. Now, it's not gonna happen overnight, like I said, can take some time. But I do believe if you set your mind to this challenge, and if you take it seriously, and if you do it, and you strive, and if you're on a 5%, right now, even if you get to 10, you know, and you'll get all the way to 20. Eventually, you will, if you want to, but even if you get to 10, that's going to make huge differences in your life. And then eventually, you know, maybe you feel like, okay, I don't need to give the whole point. But if you stop, you have 20% of your income just sitting there that you can use to build wealth, to build anything. Right. So it's basically building a financial discipline, to spend less, but also, it's pushing you to grow and to make more. And I think that's the real benefit. So yes, you'll feel better about yourself, you know, you're helping other people, you make a difference in the world. And who knows, by giving more money, it'll probably come back. That's the way it works, right? The more you give, the more you get back. But it will also force you to be thinking about more income. Now, obviously, we all think about Oh, man, I gotta make more money. I gotta make more money. Yeah, but this is a real number. You need to make a real plan. And then enact put that plan in motion. You know, step one, step two, step three, step four, and then you can drag and so how do you how good did I do? And you can make it a game? Because that's what is a challenge. It's a game, I'm throwing down the gauntlet and challenging you, and you get to make the world a better place. Now, for me, I'm right now I am about 20%. I'm not saying that to brag. I'm just saying that it is possible. Okay, I didn't get there years ago. Right, it took some time. But we built in a habit in my family, me and my wife, we both had a habit. Okay, we're going to start with, we started with 12 and a half percent. That's what we started with. And then we did a little bit extra, oh, hey, you know, this guy needs some help, we need to, you know, he needs a couple grand to fix his car, or this kid needs, you know, to pay his tuition payment for the month for the semester, give him some money here, or send it to charity or, or whatnot. But we came up with creative ways to do it. One of the things that I do with the kids is I've given money to this organization called Kiva, K-I-V-A-dot-org. Basically, what you do is you loan micro loans to people in other countries. So if you give maybe $1,000, each loan that you give is only 25 bucks, right? So you take the 1000 put it in the website and send it to them. And then you choose who to give the loan to. And you can give each person $25. Now, obviously, the people might need more. So there are several people giving loans. But the people then pay the loans back. So you get more money to lend to more people. Now the point here is not to make interest on it. You've given it the money away, but it gets repaid and then you get to learn it again to somebody else and get repaid and learn again, learn again. So I do this, my kids. And so now my boys, they're 8 and 10 right now, they get to choose who we give the loans And I haven't added any more money into it because the money comes back and we get more loans. And every couple of months, we look at it and say, How much money do we have? Okay, let's make some loans. And they decide who they want. They go through all of the available loans and look at the pictures and look at the description of what they need the money for, what country do they live in? Are they a man or a female? Are they a group? Are they individual? Are they going to be able to give the money back? Does it make does it make sense what they're trying to what they need the money for? They make all these decisions on their own, and then they pick. And then they track, like, How much money did they get back, you know how their loans doing. So they feel good about themselves. But they're also learning how to be a good lender, which eventually is something that I want them to know, because I want them to be making investments, that's part of the job, right, you have to know how to get your capital back. So we're using doing good to teach. So if you have kids, I think that's definitely one of the plays, one of the ways you can do it. But again, the challenge is to get yourself up to 20%, giving the money back or giving the money away. I'd be interested to know how many of you guys would actually check me up on this challenge, and how many are actually going to be able to accomplish it, it's going to be amazing. But if you get up to 20%, the feeling that you're going to feel it's unbelievable, where you actually, you know, you you feel on top of the world really does not only do you want less, like you desire less, it just makes you desire less things be less materialistic, because you're, you're not only looking at what you need, but then you're thinking, Okay, I need to raise, like I say, you're going to give away $20,000 a year, okay? You have to look for places to give the $20,000. And so you have to research. And when you're doing the research, you're going to find out all the things and all the people and all the places that are suffering, and need help. And you're going to feel so grateful for the life that you have. And whatever situation you're in right now, you're going to feel amazing. For a while, you know, I'm really in a blessed situation to be able to give away $20,000. And then you're going to help those people and you've got a few really good budgets. Not only that, but you've also increased your income hopefully. Right? And then the big thing about it is that the way the US taxes are, you don't even have to, it doesn't have to be a full 20,000. If you're making 100,000 You don't have to give away the full 20 like to make 20% because then there's taxes and stuff. So the more money you give, the more tax break you get. So you're not really having to in order to get 20% of your income, you're not really having to give away 20% 100,000 it's because of the tax breaks. So it's really cool. I thought I'd share this with you. It's an interesting idea. I think it'll definitely help you. So yeah, it's not easy. It's a challenge, right? Are you gonna, do it? I hope you do hope you give it a shot. Because not only will it change your life, it'll change your family's life and change the world. So with that, remember to trade with the odds in your favor, and good luck. Take care LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/ WATCH THIS FREE TRAINING: https://passivetrading.com JOIN OUR PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance Like our show? Please leave us a review here - even one sentence helps.

Welcome back. Do you remember a song I don't know, when it came out? It was I think it was in the 60s or 70s or something and it goes something like one is the loneliest number one is the loneliest. Now I apologize for my singing. And I think I was off key. And I don't even think that's how the music goes. The melody goes to the song sounds probably off on that too. And I don't even remember what they were singing about. But the message of the song to me is that yes, one is the loneliest number. I think it was about something that guy was alone, he lost his girlfriend. But the point is, for me is that yes, when you have only one of anything in your life, you don't really have a backup plan. Right? So if it comes to income, you only have one source of income. If you lose that source of income, you're kind of stuck up the creek without a paddle, right? And so I was reminded of this today, I got an email from one of our members, and I wanted to read it to you, because he just got laid off. And he wants to know how he can replace his income with trading. It's crazy that we have so many people in this same situation, it's great that when you have a job, right, you have an income source, you want to get into trading, you don't really like the job or you really like your business or whatever you're like, oh, man, I wish this trading thing could work out, I could get it and you know, you you invest in one of our programs, and then you don't really follow through because life gets in the way. And I know how that goes. You know, it's really the why, right? You're why about trading wasn't strong enough until something happens. And he jars you away. You know, so you you might be driving along the street, you're not really paying attention to the road, and then all of a sudden the car comes out of nowhere almost hits you. And after that you're like the best driver all the way home. You know, just jars you in. So this is a normal occurrence. But the older you get, or the longer you've been in a job, the chances of being laid off are increasing. Unfortunately, it's just the nature of the work ethic. And so you really need to have that backup in place. And unfortunately, for a lot of people, they're not ready with the backup plan when they get laid off. So here's Todd's email, says: Hello, Allen, I'm going through a live change your opinion, I'm currently a member of your programs joined almost a year ago have not been able to devote enough time due to work and family obligations. (Totally understandable). I'm an engineer and work in the construction industry for a health care organization. I read your book, listen all your podcast sessions at least once while going to work. Oh, thank you for that. Last week, I was laid off from my job. And now I'm trying to decide my next moves. My wife works full time and we have funds to carry us along for a couple months. But I will need to replace my income fairly soon. and relieve the stress on my wife. As an aside, yes, that's very, very, very important. Because you're not, you know, when you get laid off, you're not the only one that's suffering, the whole family suffer, especially the other spouse, because that person has to carry the load, right? They're not used to carrying the full load. Now they have to carry the full load. And then they also have to worry about you and your mental status and the pressure on them you also have to worry about so you don't want to add divorce to your problems. So be very, very careful about how your spouse is handling the situation. Make sure you give them enough time, enough attention to leave their pressure, take some of their work, you know their homework or whatever their work is off their plate while you can. And if you're looking to go into trading, discuss it with your spouse, explain what you're doing with them. So they don't think that you're just sitting at home doing nothing all day playing with computers, watching TV. Okay, so that's a really important point. So let me continue. He says I'm trying to decide if I should jump back into the construction rat race again, so I can draw salary and benefits, assuming I can find another job fairly quickly. Otherwise, I would really like to immerse my time into your programs and start trading. I realized I have to get up to speed and take some time to learn your methods and develop my own trading plan. My main concerns are being able to learn your program soon enough, and being able to replace my income, I was making 120,000 a year, but need to replace approximately 5000 a month take home pay, I plan to start paper trading this week and scale up as I learn more eventually, I will have $250,000 in capital that I could scale up into an account, how realistic is it for me to replace my income? With the size of an account? I would appreciate your opinion in the comments. Thank you. So that's the email, I want to read to you what I wrote to him, and then I want to give you my thoughts on this and a little bit going a little bit more detail. So I told him, you know, hey, I'm sorry that this happened to you very, very sorry, my first thought was, hey, you need to get out of where you are, I know where he is, he's in a different state where things might be slowing down. So I'm like, Hey, you know, get out of there, get your butt here to Texas, because we can't find enough people to do construction. But that might not be possible. So I don't think the issue here is if you can generate 5000 from 250,000. The issue is how long it will take you to get there. And from what you wrote, this is me talking from what you wrote, it would be in your best interest, I believe, for you to get out of the job for now, as a fail safe. Okay, maybe not a full time thing, just something to bring in some guaranteed capital and keep the health insurance if possible, because that's a big concern for a lot of people. Trading when you are super stressed out, and you have to win is super hard. Trading already is very hard. But doing it with one hand timing on your back, it's much harder, while you are looking for the second job or even after you get the part time job, spend three to five hours a day on your trading. Do that with the courses and programs you already have, you should be able to have the skills to do it full time in a few months. But having the skills is different from being emotionally ready. So you're going to have to overcome that aspect as well. So if you can start with a smaller goal, say 1000 a month on $100,000 account, that would be a great place to start. And then you can scale it up from there. And then I told him because he's in the programs, I want to see you on the coaching call on Thursday, I want to see you and your paper trades in our groups, I want you to posting there, I want you to get critiques, I want you to get my opinion, my advice. And I want you to send me a bit I told him, Hey, I want you to send me your trading plan, and a concrete plan of how you expect to get to 5000 a month, including your asset allocation. And this is covered in whatever programs that he's already part of, you can do it. But having a job would relieve a lot of the pressure. But even with a job, 3-5 hours a day learning and trading. Because enough is enough screw these jobs, it's time to learn how to make it from trading. Okay, so that was my email to him. You know, you can let me know if what you think if I gave him the right advice or not, really, this brought me back to my situation. And how I got involved in trading full time was also being laid off. And I eventually ended up losing over $40,000 of my wife's money before I got serious turned it around. And I don't know if you know my story, but pretty much that was my story in a nutshell. But really, I was doing all kinds of training and losing money at it. Until really I sat down with my wife and we had like a, you know, come to Jesus moment and be like, Alright, I'm going to give myself three months, if I don't figure this stuff out, I'm going to go get another job. And at the end of those three months, I don't think I've ever shared this. But at the end of those three months, I still wasn't making money, but I wasn't losing money. So that to me was a huge step. So if I'm not losing money, then I can tweak the results I'm getting and start making money. You know, I've overcome the major hurdle of screwing up. Now I just need to screw up a little less, and fix it and start winning and start doing the right things eventually took a while for me to make a full time income from trading. But even for the person who sent me this email, that's not his immediate concern. Right? He was making 120. Now he's trying to get up to five, which is a little bit less than he was making full time. I'm sure even if he can get to four, he would still be happy on the size of his account, it's totally doable. If he had the experience, if he had the knowledge, if he had the strategy. You could do it right now. But that's not where he is yet. Right. So the question really is how fast can you start trading for a living? So I have a few notes here. Number one, the thing you got to understand is that the stress can be overwhelming. So if you have to win like if you have if you say I'm going to put on these trades and from these trades I can make $5,000 and every single one of them has to win in order for me to pay my rent, send my kids to school, get the gas in the car and eat, that's very, very stressful, you are not going to win, you're not going to be able to. Okay? trading is trading, there are losses, it's just the nature of the game, every trade is not going to win every month, you're not going to win. So if you have to win every single month, in order to pay the bills, it's not going to work. Eventually, there will come a month where the money's not there. And then what happens? Well, now you're taking out of your trading account. So your trading accounts getting lower, lower your whatever you make all your gains, you're taking it out to live on all your losses, whenever you do lose money, you're still you're taking money out of the account to survive. So eventually, your account is going to get smaller and smaller, it's never going to grow, unless you're making a lot more than you're spending, which is going to be hard to do, especially in the beginning. Right? When you are desperate to win, what happens? You take more risks. Unfortunately, that's what happens. You don't play conservatively. You take more risk, you do a little bit more, because you're like, yeah, you know, you justified and you allies in your mind, and you come up with some justification to take more risk, even though in your gut, you know, you should. And what does that do? Well, that gives you ulcers, that gives you high blood pressure that keeps you up at night. So you can't sleep and it ruins your mental health, it ruins your life, it ruins your quality of life, you'll gain weight, all of this stuff, you're not going to eat right, you're not going to exercise it, it's just a it's a spiral going downhill, and one that you really really do not want to be on unless you totally have to. That's one of the reasons you know, get a part time job. Even if you don't get a part time job. Get a some you know, right now there are so many companies out there that are looking for like the freelance type people, you can drive for Uber, you can deliver groceries, you can deliver food, and it doesn't have to be a full time thing. You can do it when you want to and stop when you want to. And there's no shame in it. Okay, that's the one thing a lot of people have to overcome, you know, driving for Uber, oh, my god, no, I would never do that. I'm too good for that. No, you're not. Right. What is the end goal? What is the Why? The Why is to get off the rat race, to get off the hamster wheel, to be able to trade for a living and have the life that you deserve to eventually hopefully get your wife off of her job too if she wants to quit her job. Exactly right? So don't feel that you are too good for a part time job no matter what it is, as long as he's bringing them onto the table. Money is money. Green is green. Right? It pays the bills, when you also have to win, the stress, like I said can be overwhelming, you're going to feel worse about yourself, you're going to feel horrible about yourself when you lose, and that's part of the game, losing. But when you feel like you have to win, every time you have a losing trade, the blame is going to be on you, you're going to place the blame on yourself, I screwed up. I didn't, I didn't see that I didn't read the chart, right, I picked the wrong stuff, I picked the wrong strategy. And that's going to lower your self esteem, it's going to lower your confidence in yourself. And when you do that, it's just like a, you know, like a set of stairs going down. You do it a little bit and then gets worse, and it gets worse until you hit the bottom and then you just give up. And that's not what we're trying to do. We try to pick you up, we're trying to move you higher instead of bringing yourself lower. So, unless you absolutely absolutely have to, I would not suggest for anybody to put their back to the wall in this situation and saying, you know what, if you got to eat, you got to win on your trades. That's the wrong way to do it. That's the wrong way to trade, especially for the long term is or growth. The second thing we're gonna say is that it takes time to trade through different market cycles. So we got bear markets without bull markets, we got recessions, depressions we had up, you know, growth. We have now we have pandemics that we need to deal with. We had a tweeting president that we had to deal with and uncertainty about that all the time. There's different market cycles. And so when you think about trading for a living, you are thinking about what the market is doing right now. And as I record this, the market has been moving much higher. It's been moving it artificially, it's being inflated, that's not gonna last. So right now yes, you can put your money in something and have it go up above it, you can take money out and survive up that. How long will that last? If it changes, then what are you going to do that if you don't have the skills, so you need to develop the skills of trading through a bull market, bear market sideways market really fast crazy up and down roller coaster type market and the thing is, if you are trading for a living, and you don't have a cushion, like if you don't have other sources of income, or you have to win a certain amount, and you have to push the limits, you don't have the luxury of not being in the market all the time. Actually, no, I'll say that, again, you don't have the luxury of being out of the market, when you shouldn't be in it. Because times happen when it's not a good market to be in, when things are too volatile. When they're too crazy, when there's too much unpredictability and uncertainty, those are the times when we as option sellers, need to be on the sidelines, and just watching the clown go by, right, which is watching the parade go by, wait till things calm down, and then we get back in. And that's one of the beauties of selling options is that we go on a cycle of a cycle basis of month to month basis, expiration expiration, we don't have to be in the market all the time. But if you're trading for a living, and you're doing it on a limited amount of capital, so you have to extract a certain amount every month, you have to be in the market. And that can also cause you big losses, because if you're in the market at the wrong time, or you don't know how to handle the market when it switches, then that could cause you a big gain of your chunk of your portfolio. And then again, the smaller portfolio you have, the more stress it is to make to make your nut to make your amount of expenses that you have to come up with. Right. So those are the thoughts I had. Now I have some notes here about how to actually do it, what are the steps. So you take all that I've told you into consideration, you know, plan that if you're thinking about switching to quitting your job, or if you've been laid off, and you want to trade for a living, take all that stuff into consideration. Okay, now, here are some steps that you can take number one, I want you to pick one or two strategies to focus on the ones that make the most sense to you, not 100 different ones, we're not the goal is to get as fast as we can to make our expenses. Right? The thing that works the best for you. And if you've been trading for a while, go through all of your trades. Go through all your history for the past several years, what worked for you. What makes sense to you what seems easy to you? Now's not the time for you to figure out the nuances of Elliott Wave, you can learn that later on right now we need to put money on the table, right, we need to put cash in our pocket. What is the easiest, fastest way to do that? To me, I think it's selling options. Number two, have a small amount originally, and then scale it up. So if you notice in the email, I told him, you know, not, I don't have to try to make 1000 on $100,000 account, he'll eventually he says he has eventually like 250 I'm not I don't want him to risk the whole 250 when he doesn't know what the heck he's doing. But if you can take a smaller portion of that, say 100 and make 1000 per month as a goal originally, that's 1%, that is doable. That is confidence building that is hey, I made money. I'm successful. I'm consistent. I'm profitable. That's the goal. Right. And though that's not his eventual goal, that's not a long term goal. But it is a current goal, I think you should start small, hit your goal over and over again, build up that confidence, build up that muscle memory that you know exactly how to put the trade on, what to look for, how to manage it. And then you can scale it up, you can add contracts, you can add more trades of the same strategy in different stocks or whatever. But you start small and you start hitting it and getting hits, hits after hits after hits, wins in your belt confidence, then you start scaling. So you're not going to go if your goal is 5000 a month, you're not going to you're not going to try to hit 5000 your first month. Unless you've been trading for a long time and you know exactly what you're doing. You're going to start small, you know, 1% 1000 on $100,000 account is doable. Very, very doable. Then, once you hit the 1000 Okay, great. I've done that a couple of months. Okay, now I'm gonna try 2000. Now what I can do is I can just repeat, rinse and repeat what I've already been doing, maybe with a little bit more capital, right, I can take a little bit more of a risk. And I'm not risking, hopefully, you're not risking the whole 100,000. Right, whatever strategy you're using, but you can do it with a little bit more. And so you can get to 2000 and then she can get to three and four, five. Okay, at that point, maybe think okay, five is the limit 5% a month is a is really hard to eliminate for me, I can't do it. That's when you can add more capital to the account, let it grow. And then it goes back to being easy. Okay. 1% is easy. For some people 5% is too stressful. So then you need more capital so that you're only making 1%. So now eventually, if he has $250,000 and he needs to make 5000 then all he needs is 2% if he can learn how to consistently make 2% on a smaller amount like, let's say 100,000, then when he puts in more money and he gets 250,000, he can easily make 2% on the 250. Because it's the same thing. It's the same trades, it's just using bigger knowledge. Maybe it's more spread, maybe it's more contracts, maybe it's instead of two stocks, or three stocks, this four or five stocks. But it's the same strategy, the same trading plan, the same system, just done with bigger numbers. So that's why I want you to hit small start off, and then you can add more money, or you can grow and scale from there. Number three, just like I told him, in the email, three to five hours a day of learning, of trading, and back testing. So the trading, not gonna take you long, right? I mean, yes, you're going to be sitting in front of the screen, you're gonna be watching all the numbers go up and down, and the charts and the candles and whatever you're gonna be watching, up and down, up and down the daily ticks, you move them up to CNBC, or the Fox Business or whatever, on all day, we'll be watching all that stuff, because you have nothing else better to do. Do you need any of that stuff? No. Do you need some further screen watching? No, what you really need to be doing is back testing your strategy, putting on as many trades as you can as fast as possible. And getting that experience getting that no-how figuring out what went wrong. Why did go wrong? How can I avoid that in the future. Now the learning aspect is not as hard as you think it doesn't take as much time as you obviously do. But that will not take you three to five hours a day, for months on time on some hedge, right, it takes a small amount of time to get the basics down, takes a smaller amount of time to figure out the strategy, what takes the bulk of the time is to do it over and over and over and over and over and over and over and over again. And that's why you have the backtest. Because right now he cannot afford to do it real money every month after month, he needs to do it right away, he needs to get experience under his belt right away. And you do that with back testing. So one of the software's that I prefer is option Explorer, it does cost some money, you can get a two week trial or trial or something like that, you know, if you're not working, you sit in front of that screen for six hours a day, five hours of it should be a back test. I mean, you do hundreds of trades in a day, if you sit there for six hours or seven hours or eight hours a day, literally hundreds, that is what you need to be doing. The other thing I have is yours, you don't want to be listening to idiots. I'm not gonna give you any names. But you only listen to people who have done what you are looking to do. Okay, because I know there are Facebook groups out there. I know there's plenty of YouTube videos and YouTube channels and whatnot, everybody tries to sell you their next course and their next prop. If they are not making money, if they don't have results that you can see, they don't have hundreds of customer success stories. Don't listen to it. Okay? Because that's going to take you down the wrong path. We need to focus, we need to dial down, fix one thing that works, and do it over and over again and learn. And you're not going to learn from a group, you'll get small pieces of advice, you might post a trade. And you'll get some people that says Oh, hey, you know, check this out and check that out. That's great, that might help you. But if you do the back testing, you'll figure that out yourself. Because you never know when you get advice from somebody online, what their experience level is, how much they know, how many trades do they put on. Because a lot of times people that are posting comments in these three groups are people that don't know anything. And they have all day to sit around and give other people advice when they're not doing anything themselves. That's the problem with free groups. Now, this fellow, luckily, is in our programs. And we have groups of people who have been through our training. And so they know our methodology. And so if he comes and post something, a question in one of our groups, he's going to get a real answer from somebody who knows what they're talking about, or from me, or one of my staff. And that is invaluable. Right? So it's amazing that he has done this already. He doesn't have to pay for it, because he's already in the program. So he's going to get that where he can take something and say, Look, this is what I'm thinking about doing. Can you critique it, and we will critique it and find out what's going right and what's going on. That is invaluable. Okay. And then the other thing I have is yours, you want to pay for quality information from somebody that you trust, and you have access to. So this kind of goes back to what I said. There's tons of things out there that you're going to see about stuff for sale. People talking about "Oh, you're gonna make a million dollars overnight". Oh, you know, you 500% Oh, we made 500 trades in a row that weren't most of it is all bull crap, unfortunately, and they get away with it. So if you're going to buy something if you don't have a course or If you don't have a program that you're already part of, I think you need to pay for quality information, you pay for something seven bucks, you pay something for 100 bucks, you're going to get what you pay for. Even unfortunately, now, some people charge you 2, 3 or 5,000, and it's junk. But if you don't know, if you're just starting out, you know, the library is a good place, books are a good place. And I would even say, I mean, this podcast, I try to be as real and as honest as I can. Other podcasts are not. So you know, I'm even hesitant to recommend listening to podcasts. YouTube videos are wolves kitchen, any idiot could put up a YouTube and put up a website. So have you figure if you're watching, or if you're going from webinar to webinar, you're gonna realize that most of them are jobs that people don't know the type, but they're really good at marketing, they're not good at trade. You know, and you got to really pay for quality information from somebody you trust, and they don't just have access to, you know, our programs, they have access to me, because that that's like super important. Right? If you cannot talk to somebody who's actually doing what they're teaching you to do, then you're on your own is no better than than a scammy YouTube video. So you really do need that access. But sometimes you have to pay a little bit more and get it. But if you can get access to a full time trader, or somebody who's doing this, somebody who's been through all the different markets, that is invaluable. And so for this fellow, I'm urging him that I want to see him on our coaching calls, I want him asking questions, I want him to post in the group and get responses from myself and the other profitable traders. And I gave him homework. You know, if he had not been part of our program, I would not be able to do that. But as a customer, it's like, dude, I want you to succeed, you showed me that you have an interest in succeeding. Now, I'm going to make you do it. Now you have access to me. So do this work. Right? And hopefully he does. And hopefully I'll be able to hold this in and help him through this. Number four, on my list of how to do it, you need a job. It's not full time job part time job, just to ease the stress, to increase your income. And to relieve the pressure on yourself. And what I would suggest, if you're in the shoes is whatever income you make, from your part time job, I would suggest you take that money and give it to your spouse, don't even keep it, don't pay your bills with it, let her handle all that. Or you just take it and give it to your spouse, say look, honey, you know, this is the money I made from my Uber-Driving. I'm gonna give it you give it to you, anything I make for my trading, I'm gonna take it out, and I'm gonna pay the bills with it. But here, I need you to have this so that you know that I'm not leaving you all alone in it, you are not in this by yourself. Because like I said earlier, you need to pay attention to that person, your spouse's mental status as well. Number five, keep doing what's working and tweak to improve your results. So maybe you're doing maybe you've tried 100 different strategies in the past, find out what's working. And when you find what's working, keep doing it. Don't go away from it, don't deviate, just do what it's working over and over and over and over and over and over. The thing that we have, as human beings, we have this tendency, if something starts working, we think that "Oh, hey, I can make this better". I can improve this. Oh, let me try it this way. Oh, what if I do this? What if I did that, that's great. You do that later. You do that after you're making money. So if you join one of my programs, and I give you a trading plan and say, Look, do this, because this works for me. I want you do it exactly like it says, only until you're profitable and consistent and making money and you have oodles of money in your billionaire, then go play with it and change it and try to fix it and make it better. Until then do what it says because it's been working. If it's not working, I'm not going to sell it. Or if I tweak it, or if I change it, because I'm doing it every day. Then I'll go ahead and change it until you look I changed it. So you don't need to worry about that's like one thing off your door but don't try to fix it. It's not broken. don't fix it. Just do it over and over again. Shake was working and just repeat. rinse, repeat. rinse, repeat, rinse, repeat. You're gonna get bored on your mind. Just do it. And then number six, no gambling because you don't have the extra cash. Yes, maybe you'd love to put some money in Bitcoin because it's going to go to a million dollars. He that's wonderful right now you can't afford right now we're working on income. That's what we're talking. We need to get income up. We need to get you to a point where you're self reliant. After you have enough money, then yes, you can go buy a Rolls Royce or or a second house and do it on Airbnb or whatever you want to do. That's fine. For now, there's no gambling. There's no you know, high flying stocks. We're not buying calls or puts or whatever. We're not shorting. We're not buying Bitcoin or any other crypto or whatever that's gonna go to the moon tomorrow. We're focusing and focusing on income, doing the one or two strategies, doing them over and over and over again, trying to hit our goal, our small goal originally, and then increasing it as we show positive results. So we're not risking a lot in the beginning, over getting that experience, and we're doing it over and over and over again, and then increasing as we go. So after, you know, a couple months, if you hit your goal, increase the goal. See, if you hit it again, and increase it again, increase it again, keep going back for feedback, right? If you have access to a mentor, go back, get feedback, hey, this is what I did. This is what I do, right? What I do wrong, get some feedback from somebody who's actually doing what you want to be doing. And then just keep doing it over and over again, and scaling it. And eventually, yes, you can do this really, I don't know how long it's gonna take. But if you can put in the time, and you can do the back testing, and do hundreds and hundreds of trades, then it shouldn't take as long as you think it would. Okay, so let this be a message if you've been laid off. Or if you want to start trading for a living. Can you do it in a month? Probably not? Can you do it within a year? Yeah, I definitely think so. You know, if you're putting three to five hours a day, and it's taking you more than a year, you're doing something wrong, your time is not being spent effective. If you can put three to five hours a day or more, then yes, you can definitely do this. I have 100% faith that you could do. Now, whether it's, you know, anytime after a month or two months, or three months, up to a year or longer, I don't know, it depends on every person. If you're motivated, you'll find a way. And I think if you're listening to this podcast, you already found the way. You know, this stuff works hopefully, beaten in in your head long enough over and over again. Yeah, this stuff works. I'm doing it approve, look. Now you just got to find the motivation. You gotta find the time now obviously this guy before he said, Hey, I joined because I was interested and I liked it. But I didn't have the time because my business and my talent. Okay, great. Now the business or the work is not there anymore. So now you do it. family will still be there, family will always be there. But you're doing this for the family. Right. So that's it for this episode, guys. Remember, always trade with the odds in your favor, I hope you do never get laid off. But if you do have a backup plan in place, or start trading, and doing it in a way so that you get to quit instead of being laid off. It done your time. Don't let other people dictate to you what your end goal is, you should dictate your own. And so don't let one be the loneliest of all. LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/ WATCH THIS FREE TRAINING: https://passivetrading.com JOIN OUR PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance Like our show? Please leave us a review here - even one sentence helps.

How to be a black belt spread master. Black belt. Hiya! Like karate, right? Black Belt, that's the best belt you can get. So how can you be a spread master with a black belt? Let's talk about that. First thing we got to do, though, is go over the disclaimer, of course, trading and falls risk. It's not suitable for everybody, you can lose money, you probably will lose money. So don't raise too much. You don't want the spouse kicking out of the house. Right? Got it. Okay, so the last from the class, right? Karate Kid, the original, with Mr. Miyagi, that one rules. I love Jackie Chan. He did great. But the original Karate Kid, the original Miyagi, it was just kick ass. And I'm gonna have to tell you a little bit story here. Karate Kid. My parents actually took me to see this in the theaters. And I loved it. Right made kind of dates content your whole life, but I loved it. The original one is just a classic story of this guy. He's a little bit nerdy, he's skinny, he moves to this new town, he doesn't have any friends. He meets a girl. And then he gets picked on by this group of thugs, you know, and they know karate. And they're beating him up of over and over and over again. And then finally there's this guy's This is recluse, right? This guy who just takes him under his wing becomes like a father figure to him because he didn't have a father and teaches him how to defend himself and teaches him karate and karate is for defense. That's a very horrible, horrible accent. But, you know, that's what Mr. Miyagi teaches him. The Karate is for defense, and it's about life. And it's about meditation and being calm and peaceful. And all these things he gives him shows him how to do respect, right, how to give respect. And that's what karate is about. But the thugs, all they're talking about is no mercy, no mercy, right. karate used to win and beat in pummel, and, and destroy. And so we have the rest of the movie. And eventually, hopefully, you know, hopefully, you've seen the movie. If not go watch it. But I'm going to spoil that for you here. There's a karate tournament. And, of course, The Karate Kid wins in amazing fashion. Right? And then there's Karate Kid, part two. And so he goes to Japan, I'm not gonna tell the whole story. But that one was good, too. So if you haven't watched them, the originals, you got to go back and watch them again. And then now on Netflix, they have come out with a new series called Cobra Kai. So I guess they wanted to make more money from The Karate Kid. Right? And so they brought back all the actors. And they have a whole new series, where it continues the story. It's I think it's like 30 years in the future. 30 years have gone by since the original Karate Kid movie. And you see, all the actors have grown up, and they're all there except for of course, unfortunately, Mr. Miyagi Pat Morita, because he is unfortunately, he has passed away. But all the other actors are there. And that was I've been watching that. And it was cool. And I love the I mean, the acting is really bad. To be honest, the acting in this series is pretty bad. The story is like ehhh, you know, but I love how they showed the other side of the story. Like in The Karate Kid movie, you see everything from Daniel-san perspective. He's the kid who's just moved here how hard it is for him. You know, he's got a single mom, his mom is annoying. He's trying to make friends. But he's getting beaten up all the time. You see it from his perspective. In the in the Cobra Kai series. It starts you off. The main character is the main thug, the one that was torturing Daniel-san, and it shows you from his perspective, and he's telling the story of how this kid Daniel came to his town and messed up his life. stole his girlfriend, beat him in the tournament, made his sensei hate him, all this kind of stuff. So I loved how they showed both sides of the coin, the flip. And I mean, it was really well done. That part was really well done. Anyway, why am I telling you all this? Because after I saw the karate kid, I, of course, wanted to learn karate. Just like after I saw Top Gun, I wanted to be a fighter pilot. And after I saw Jaws, I didn't go swimming for years. But when I saw Karate Kid, I wanted to learn karate. So I told my parents, I want to learn karate, I'll put me in a glass looking too hot for me in class. So they did, buster, right? And so I joined a karate class. And I'm you see they have these belts. So you want to of course, you start off as a white belt, meaning you know nothing. And then you get a different color belt as you grow and you get better and better and better. And eventually you get to a black belt. And then when you get a black belt, it goes even higher. From there, you can get degrees of black belts. So I started off as a white belt, know nothing. And they started with basic stuff, right? How do you throw a punch? How do you do a kick? How do you Block a Punch? How do you block a kick? How do you block this and that and so you got four or five or 10 you know, basic moves, and you practice and that's what we did. That was the whole glass practicing, practicing, practicing, practicing practicing. Maybe you do a sparring with somebody else a little bit in very, very slow motion. But you're practicing the same moves over and over and over and over and over and over and over again. Eventually, I got tired of the same moves, and I'm ready to move up. So I go to my sensei (Sensei, as your teacher) I go to my sensei and Sensei, please show me some of the moves for the next belt because I want to practice at home. And I want to get really good so that I can take the test and I can go to the next belt. And what he told me is that I already know the moves. What are you talking about, Sensei, what I found out was that the moves in karate are generally the same at all the belts. The thing is that there is more complexity at the higher levels. So what he showed me is that in slow motion, he stood in front of me, and in slow motion, he threw a punch, and I blocked it. And I was able to block it, because that's what I learned as a white belt, he did a little kick, and I blocked it. But then he did it a little bit faster. And he pulled me on my butt. Right, because I didn't know how to block it, even though I should have been able to block it. And then he moved to the side a little bit. And he punched me from the side. And I didn't know how to block it. And then he hit me from the back. And he did I don't know how to block it. And then he had, you know, he hit me with to like combination really fast. And I didn't know how to block it. Even though I knew the moves, I didn't know the combinations, I didn't have the speed to block him. So then he told me to do the same thing to him. And he used the same moves to block everything I did didn't matter how fast I did it, or what side I did it, he was using the exact same moves, the block the basic block, the basic, you know, the the basic kick and punch and all that stuff to beat me, it was just the same thing. So that was his lesson for me at the time he goes, you need to focus and work on perfecting the moves that you already know, before you go to the next level. And so he sent me back, right? And do the block do the kick Faster, faster, better, better, crisper, more, more provision. So in The Karate Kid movie, if you if you watched it you remember it you know you remember wax on wax off, wax on wax on paint the fence up and down defense up and down. Those were the moves that Mr. Miyagi was teaching Daniel-san, and he made him do it over and over and over and over and over and over and over and over again, until he got so good at these basic moves, that he was good enough to go into the tournament and fight and win. You know, it was the same moves and Mr. Miyagi, he didn't have any belts, so he didn't tell Daniel-san. Okay, now your white belt. Now your green belt. Now your Brembo may even have any moves. He was just teaching karate, or karate, I guess if you say if you say it properly. But it wasn't about going from belt to belt. It was just learning he was about learning how to do the thing. Right? So now when we talk about credit spreads, we talk about learning the trade, learning how to do it, it's about learning the thing. So if you're a basic trader, and you want to get a really, really good trader, is there extra stuff that you got to learn? No, the moves are the same. The rules are the same, the basics are the same. There's more complexity, definitely at the higher levels. It gets scarier when you're dealing with larger numbers. You know, when you're not putting 500 into a trade, but you're putting 50,000 into a trade? Yeah, you can scare the heck out of you. That's more complexity. But the work that you got to do is the same. The basics are the same, you keep doing the same thing, punch, kick, wax on, wax off, that's all the same. It's just more complexity at higher, higher levels. So you got to do the work. Right? Now you take a look at Bruce Lee, the master of karate, right, the king. He's known to say that I fear not the man who has practiced 10,000 different kicks once, but I fear the man who has practiced one kick 10,000 times. Because if you focus and you excel and you expert at one particular thing, you can beat anybody else that that's not proficient. Okay, so even Bruce Lee did the same thing. The same exercise is the same, you got to master the basics. Every time I start losing money. The first thing I do is I stopped doing everything complicated. And I go back to the basics. Just take out everything, go back to the basics. That happens in everything I do, whether it's trading, or whether it's with my family, whether it's with marketing, whatever I want to do even like chess, you know, if you're if you're a good chess player, you start doing all the gambits, right, you start doing all the moves, but there might be a time when you start losing over and over and over again and you're like, I don't know what to do. If you don't know what to do, you go back to the basics, right, go back to the beginning. And then you build up again, slowly, slowly, slowly. So just like in karate, just like in chess, just like in anything else that you want to learn. You got to do the work. If you want to be a master If you want to be a credit spread Master, and that's what I want you to be in this program, that's the reason for this program, you got to put in the work. And that's why we do it over and over and over and over and over. And yes, it can get methodical, it can get boring. But that's how you become a master. That is how you become a credit spread black belt by doing the same move 1000 times 10,000 times, being able to put on a trade in your sleep, being able to have the rules ingrained in your brain so that you can recite them. And then eventually, I want you to be so good that you can teach other people, you can teach your kids, you can teach your family, you can teach your friends, your co-workers, you can teach them how to do this stuff. That's how good I want you to be a black belt, credit spread master. That's the point of this program. That's where I want you to be at the end of the program. And we're going to do it by putting in the work. So if you're with me, hey, yeah, we're gonna do it. We're gonna get you there. That's without any doubt in my mind that I can get you there. You have to put in the work. And you already know what that means, right? So if you're ready, let's do this. LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/ WATCH THIS FREE TRAINING: https://passivetrading.com JOIN OUR PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance Like our show? Please leave us a review here - even one sentence helps.

Howdy, howdy, howdy, passive traders. This is Alan Sama, back with another episode of the Option Genius Podcast. First of all, I want to say thank you again, for listening, thank you for spending the time with me wonderful to be in your ear. And if you're one of our power listeners, I'm gonna talk to a fellow this week, Matt, who said he has listened to every episode three times. So, Matt, thank you for being a power listener. And for those of you who would like to help the podcast or who have already done it, by leaving a rating and review, I totally, totally appreciate it, it really helps us get the word out there. And if you have not done so, I would please admonish you Please, I'm asking you nicely. If you could leave a rating and review wherever you listen to podcasts, or it was Apple Podcasts or Spotify or wherever you listen to him, just please leave a review and let us know how we're doing. I love to read them. And we love to, you know, check them out. So they're a lot of fun. Anyway, this episode is called how I invest. So I want to do two things on this episode. First of all, there's a book that just came out called "How I invest my money". And so I'm going to give you a review of this book, I just finished it. And then secondly, I often very often get asked how I invest my money and how I separate my accounts and what I do with my money. And so I'm going to be sharing that as well at the end first the review then, and then I'll tell you what I'm doing. So that's going to be fun. So stay tuned for that. First of all, there's a guy, Josh Brown, he is almost always on CNBC sees a lot on NBC, either money manager, and he's got a blog, he's pretty popular, he shows up in all of the financial media, and they interview him and stuff. And I like him, you know, he makes a lot of sense the stuff he talks about whenever he gives advice, or whenever he says things, it's always simplified. So it's not doesn't use a lot of Wall Street jargon and stuff. But he looks out and he seems like he's looking at that particular, whatever they're talking about. He's looking at it from the eyes of an individual, you know, somebody who's working and who's given their money and trying to make sense of the stock market and stuff. And so, you know, I think that I kind of do the same. I think that's something that I have, where I can take complicated issues and boil them down and make them really simple to understand and explain them. So I think he does that as well. So it's really great. So one of the things I was watching on CNBC, and the host of the show mentioned that this guy, Josh has a new book out, and it's called, "How I Invest My Money". And like, Okay, I need to get that. So I got it right away. And, you know, when I got the book, I was like, Okay, I'm gonna be excited, because you know, this guy smart, he's gonna tell me what he's doing with his money. And then when I actually got the book, I got even more excited, because it's not just one guy, it's 25 different people who are money managers, and they're all explaining how they invest their own personal capital. So I'm going to read the jacket, the back cover, it says the world of investing normally sees experts telling us the right way to manage our money. How often do these experts pull back the curtain and tell us how they invest their own money? Never. How I invest my money changes that, in this unprecedented collection 25 financial experts share how they navigate markets with their own capital. Sounds like oh, this is exciting. 25 people, you know, and I started reading about some of these people in the book. And they're like, wow, they're all money managers. They all some pretty smart from really good institutions, or, you know, they went to good colleges. They have been on CNBC, and they have been on Wall Street Journal, and they've been on Barron's and Reuters and interviewed all these places. Some of them have written books, they have all these letters after their name. So CP, FP, and XYZ and ABC and all these different letters that are supposed to mean something. So as your Oh, I'm really excited. So I read the book, and I will tell you on a score of one to five, you know, like on Amazon, one to five stars, I'm going to give it a one. I don't think you should waste your time or your money on this one. You can get it zero probably get zero, but I think one is good. Even if you can give it here. I think I'm still doing a one. Because the people did seem like they were honestly and openly talking about their own investments. Is that harsh? I don't know. I mean, that's my opinion. And I am saying that not because they're not nice people, not because they, you know, don't know what they're doing. But these people are holding themselves out as financial experts. Right? They are even saying this 25 financial experts. That's what it says on the back of the book. And they go on TV and they go on the radio, and they go on articles and newspapers and blogs and they tell people what to do as financial experts, not to me, an expert is not somebody who's struggling, but it is somebody who has already reached the goal that I want to get to. And that can help me - they've already reached the mountaintop. You know, and they're putting their hand out and saying here, hold my hand, I'll pull you up. I don't want to hire an expert that is five levels below me. Does that make sense? Especially when it comes to money management. Now, like I said, all these people have degrees, they all have appeared on TV and magazine. Many of them have gotten awards, like the 40, under 40 Award in their financial, whatever, you know, it's a financial money manager or 40, under 40 in financial management. That means they've been managing money for around 10 years, which is we've been in a bull market for 10 years. So these experts have never even traded or invested or manage money in a bear market - in a really tough market. You know, we had Corona, we had the March, we're on a bear market, but that doesn't really count. Good. we bounced right up in a month. Right. None of these people even remember the.com bubble. They weren't I don't know, they were like, what, eight years old, the.com bubble, they don't remember the S&L scandal in the 80s and how that happened. They don't remember what happened when, in the 70s. When inflation was super sky high, maybe they read books about it, you know. But to me, that's not really an expert, they don't have the experience to back it up. Now, I'm not that old. I'm 44. So I'm a little bit older than some of these people. But I do remember what it was like trading my own money, through the Great Recession, not even play with other people's money. That was my own money, what was on the line. These people, they don't play with their own money, they risk your mind. Because they're managers. They're not investors, they're not traders. They're not wealth creators, right? So if you're looking for really great financial advice or strategies, this is not the book, I would say that out of all these financial these 25 experts, I would say only three of them are actually really wealthy. Three of them could be defined to me as a financial expert, someone who is wealthy, and by wealthy, I mean that they could stop working today, and they have enough income and assets so that they don't have to work for the rest of their lives. That is well, that, to me is the goal. The goal is not for me to retire at 70 years old, and hope the money lasts for the rest of my life. That's the goal for these people. For most of these people, that's what they help people do. That's not the kind of expert I was expecting. So that's why I'm a little ticked, you know, out of the three in the book that are really wealthy, one of them got lucky with venture capital. He has a management company, where he is a partner in the money management company. He doesn't do any of the money management. He is a partner, he made an investment in a money management company. But he's really a venture capitalist, the second guy, he made all of his money in real estate, he admits it. He's like, Yeah, I don't do this. He has another, you know, he's a partner in a money management company. And that's how they made it into the book. But he made all his money in real estate. So he wouldn't know how to manage money. I mean, I don't think you should hold yourself out as an expert until you've actually achieved the thing that you're an expert in. Right? If you're a wealth advisor, you got to have some wealth, in order to be a frickin advisor about wealth. The one thing that all these people said in the book is that almost all of them own their own business, all of them own their own business. And for them, that is their largest investment and their largest asset. And that's really cool. That's great. You're a small business owner, or somebody, they're doing really well. So it's a medium business owner. So these folks, they make money by managing other people's money. They don't make it by investing, or trading. They spend most of their time looking for new clients. And that's probably why they agreed to be in the book for the exposure. You know, it's like being on TV, they get exposure, people see them and like, Oh, this person sounds smart. Maybe I should call them up and see if they can take care of money. So most of these people spend their time looking for exposure, looking to do marketing, looking to make new clients, they need more clients, so that they can have more assets to manage, so they can make more money. And then when they get a client, what do they do? Do they manage the money? Do they trade it invested? Do they come up with a real good plan? Well, they try to come up with a plan, but then they put the money in investments that are managed by others. So they're like the middleman. And that's not definitely not the advisor that I would want. You know, if I want a goal, if I have a goal and say, Hey, I need to get to this location. I wanted to get advice and directions from a person who's already been there before. Who knows the pitfalls, who's been there, done it, hopefully multiple times. That's the kind of person I want to give me directions and leading the way. I'll follow that person. Right. There was one girl on this, bless her heart. She is a financial expert, like everybody else in the book, you know, giving advice to everybody. And then she admits that she is Saving money in a savings account or bank hoping that when she turns 40, she'll be able to afford a trip to Hawaii. That's not what I was expecting when they say financial expert. You know, somebody who can't afford a trip to Hawaii doesn't really have total - what's the word? You know, the total control of their finances? You're not there yet. I mean, you're working hard, you're struggling. There's nothing wrong with that. That's great. That's awesome. You know, save that money. And go, or I mean, if you're listening to this, I got some frequent flyer miles, maybe just just reach out to me, I'll give you I'll send you a new trip on your flight to Hawaii. Really, please. It just broke my heart when I read that. I was like, man, but you know, I mean, they say that money management. The whole business of money management is where people that drive Toyota's are giving advice to people who own Rolls Royces. And it's true. 100% true. I mean, that is why the retirement situation is country's so screwed up. I mean, you got the blind leading the blind. And these people are the ones in this book. They're not average money managers. They're the top of the class, the cream of the crop, right? They won all the awards. Imagine if you don't have one of these money managers, and you just have an average money manager. Ouch, that's really sad. You know, you get some guy from Edward Jones or Ameriprise or something like that, Oh, my goodness, that's painful. But what the the co author of the book and I said, you know, Josh Brown is listed as the author. But he does, he does have a co author and it does seem that the book was done by the co author, Josh brown probably just wrote one little section. But it does look that the co author did hold the work and got all these information from all these people. You know, at the end, he tells you what you should take away from the book. And he says that these are people just like you and me, they have struggled, you know, they have to go through life, just like all of us. And that the important thing is not the money and money is not that important. But the other things that we value is the most important thing in life. And that's great. That's great advice. I love that advice. that money's not that important. But if it was coming from a life coach, that would make a lot more sense. Maybe a spiritual advisor, you know, that would make a lot more sense. Not from a wealth advisor. Okay, not from someone who's managed or entrusted to manage and grow my financial assets. Does that make sense? It's kind of like the doctor, you know, telling you Well, you know, getting healthy. I know, that's my job getting you healthy and keeping you healthy. But that's not the most important thing. Yeah, the most important thing is spending time with your family. Yeah, Doc, I know that. But your job is to keep me healthy. Can you do your job or not? Or do I need to go find another doctor? Same thing with these guys. If you're not wealthy as an advisor, how are you going to make anybody else? Well, you can't. And that's why most of them are putting their money in like passive investments, not passive trading, but passive as in index funds. And they say that I go, I'm a firm believer in index funds from people give me money, I put it in an ETF. People give money, I put it in a bond fund, they can do that on their own. Why do they need you, Mister financial expert? You know, Vanguard is open anybody, anybody can open an account, the vanguard put their money away. And if they don't want to invest, or they don't want to trade or they don't care, they don't know anything about the market didn't want to know, then that's the great place, they should go put it in Vanguard and they don't need a money manager charging them fees, for no reason. I mean, after reading this book, it really makes me value what we are doing here at Option, Genius, teaching people about passive trading. And how I mean, it's actually making a difference in people's lives. I mentioned earlier that I talked to a fellow named Matt earlier. And this guy, super nice guy works at Costco drives a forklift. I mean, he's a hard working guy, right. But he spent the last year learning how to trade options. Why? Because it can make a difference in his life. He's at the point now where he made $500 in a month by selling options. And it blew his mind. That $500 opened up a whole new world gave him hope, hope that other financial experts are not providing. So we don't have just, you know, passive trading is not a book. It's not just a couple of words. It's not just a trademark. It's an actual movement. And we are changing people's lives. After reading all this and looking at, you know what these people are doing? I mean, I think it might be time for me to start a money management firm, because people need better choices. It might just be time for me to do that. You know, nobody else is stepping up. Me and might as well do it, then.I don't know. Anyway, so that's the book. Don't get it. Don't waste your time. Let's get on to me, right? How I invest. This is a question that I get asked all the time. People like, Hey, you know, you're telling us to do this and do that. And do you actually do all this stuff? Of course, I do all this stuff, what am I gonna tell you do something I don't do myself, right. So a few episodes ago, I did a show on scaling. I talked about vertical scaling, horizontal scaling. And I explained about a mistake I made. I don't know if it was a mistake. But it was just a way my situation was where I started off with several different trading accounts. Many of them were retirement accounts. But because of that, they were very small. So I had several simple small accounts. When you have small accounts, it's harder to have 100 shares, so that you can actually go and sell covered calls or naked puts, right, you can still do spreads, you're on a few shares. But if you take all that money, put it together one account, it's easier to make you grow. But that's my situation. It is what it is, right? So I'll tell you right now, I have currently 14 different accounts that I manage directly, like our retirement accounts. So these are, I have a Roth IRA, my wife has one, my three kids have a Roth IRA, I don't qualify, I make too much to put money in the Roth IRA. So now I have an open regular IRA accounts for me in my life. So that's what four or 567 accounts right there. And then I have several Sep accounts that I have from three different companies that I worked at, probably should consolidate, those just haven't gotten around to it. So 10 accounts are just retirement accounts. And then I also have an HSA account that I can manage. We have other accounts that I just oversee, like the kids 529 plans, I don't get to manage that. So that's fine. I also have Well, let me tell you what to do in the retirement accounts. And retirement accounts is just passive trading, straight up high quality stocks that pay dividends. Dividends are reinvested automatically, you know, I just you go into your account, you check the box and say, Yes, I want dividends reinvested automatically, you don't want to deal with it. And then I sell options on these stocks for extra yield. So whether it's covered calls or naked puts, sometimes even credit spreads once in a while, but in retirement accounts, it's basically plain vanilla, simple, passive trading, okay. And these accounts have been growing and growing and growing up to the point where, you know, there's a lot of money in these accounts. And maybe I need to be diversified, right? less money in the stock market. In addition to these, I also have two accounts where I trade oil options exclusively. So I enjoy trading oil options. It is one of the programs that we offer. And so these two accounts are for that one's a small one that I use in our class. And then the other one's a larger one, I also have a regular trading account that I use for my membership trades. So we have three memberships at option genius that you can join, we give trades, our loads, we have option genius, the advisory, we have Simon says options, and weekly trading system, all of those give trades every month. So I do every single one of those trades in my own account with real money. You know, basically, I'm putting my money where my mouth is, so I give you a losing trade, you know, I lost money on it, too. I think there's only fair, unlike a lot of other gurus and whatnot that you know, they don't really trade, I'm actually doing the trade. And then I have a trading account, that is a much larger trading account that I'm putting more money into. So I want that one to really, really grow. And then in addition to that, I have another trading account, that is a managed account. So it's friend's, I'm managing that account, and I have complete access to do whatever I want in that account. All right. In addition to that, I do have partnership in a real estate investment company. So that is basically me and my friend, a friend of ours, a friend of mine, actually sorry. And what he does is he does the work, I put up the money. So he goes and he finds houses that are beaten up broken down, and he'll buy them, fix them and then flip them. And then now we're adding rentals to that. So if we don't sell the property right away, then we will rent the house out. And now we're generating passive income from the rental of the houses as well. Secondly, in real estate, I have an investment in a land fund. So this is a friend of mine. He's been in real estate for over a decade, maybe two decades now, the last four years, he's been doing something that he calls, it's called land flipping, but something similar to that where he goes out and he will buy huge amounts of acreage of raw land. So maybe 200 300 acres, you'll negotiate it by that and then he will subdivide it into small tracks. So like 10 acres each, like a little Ranch, and then he will sell those to individuals. So he takes you know, he goes out and buys a whole big thing and cuts it up into little pieces and then sells those little pieces off and he can double or triple his money every time he does. So he's been doing really, really well the last few years and then he decided to You know what, he doesn't have enough money to make it grow really big. So he started a fund in order to get money from other investors, so that he can do really, really bigger deals. You know, so instead of doing like a million dollar deal or $2 million, he and now you do $5 million deal. So he raised the money for that I invested in there, he pays me 50% a year, that's a good investment. I don't have to do anything, I'm diversified. He's gonna pay that money, because that's what he has agreed to. And then, you know, is it risky to invest in a fund for somebody else, it's somebody else's managing? I think it is, you know, you got to always have the mindset of what could go wrong. and in this situation, I gave him the money because A, I know this guy, I've known him for a long time, that doesn't mean he can't, you know, rip me off and take the money and run. But B, this guy is a very meticulous person. So he looks at all the numbers, he's got spreadsheets for everything he knows down to the penny, what his net worth is. And he tracks it all the time. And so he is very careful about every single penny that he spends, and what the fund spends. And so I trust him, he's been a good friend. And he's very meticulous, exactly the way I would want somebody to be managing money to be. And he showed me the results that he's been doing. He's been doing amazing. He showed me the numbers, little black and white Look, here's what we're doing. We just ordered more. And so the money's been in there for a couple years now. And he's been doing amazing. So he makes a lot more he pays 15%. I'm happy with it. I also have investments in cryptocurrencies, like Bitcoin that's been doing well, I want to buy more, if it comes back down, right now, it's pretty high. But eventually, I think long term is going to go much higher. So I have that. And then I do have ownership in some small businesses. So I like to help people that are looking to start up their own business. And so if they have a good idea, maybe if they have some experience, people have come to me and say, Hey, this is my idea, this is what I want to do. And I love marketing. That's my thing. You know, I enjoy trading a lot. But I really enjoy marketing, and psychology. So I tell them, okay, I'll invest with you, I'll give you some money, you're going to run the business. And I'm going to help with marketing. And so that's what I did with my other friend with the real estate investment company, he came to me and said, Hey, I would like to start flipping houses, but I don't have the money. Okay, I could put up the money, we'll do have an app, you do the work, I'll put up the money. So that's I have other businesses that I am also invested in, and I get income from there. So the other question that I often get, so that's how I've invested my money. That's what the different things we have. The question I get is, Alan, do you actually make money from trading? Or do you get it from your company? Option Genius? Well, it's a tricky question, because I do both. Right, option genius is growing, and it's doing well, it's helping people. And the only reason that we're growing is because we're helping people. And I believe that our prices are relatively cheap compared to what other people are charging for inferior information. And so what we're doing well, do I take out the money from my training accounts to live off of? Yes, and no, if you go back to the beginning episodes, I talked about the five finger strategy where you get to five different sources of income, so that if anyone gets cut off, you know, you're still okay, you got the four other income sources, and then the fifth one hopefully, will grow back. The other thing you can do when you have that is that if one of them is doing really, really well, you don't have to take the money out. So my trading account, the last several years, have been doing amazingly well, last year was a record breaking year. So I'm just letting the money sit in there and grow and grow and grow. And I don't need to take it out to live. Because I have the other sources. It wasn't always like that, in the beginning, I was living off the trading. Now. I just live off whatever cash flows coming in. If I don't need to take the money out of the trading accounts, I could let them grow. If the stock market starts dropping, then yeah, I'm gonna take that money out, I'm gonna live off that money. I'm gonna take it out and use it. That's fine. But if something is growing, like if I have a new business that I invest in, right, and it starts doing well, I don't want to take that money out. I want that money to be reinvested in the business so that the business continues to grow. It doesn't make a lot of sense to take, oh, yeah, I need you know, I own 50% of this business around 25% of this, I want my money out, I want to, you know, if we made X dollars every month, I want 25% of that. That's not going to help the business grow. You can do that technically, Yes, fine. If you need to you do it. But if you don't have to, that doesn't make any sense. Reinvest the money back in to whatever is working, let it grow. Because what I've seen is that there are seasons, you know, I've talked about the waves. Things are going to be going really, really good. And then they're going to not be going good. And they're going to go down and they're going to get worse and I Oh my god, I can't get any worse, and then that's when things start getting better. So while things are going good, you got to keep your floor your foot to the pedal foot to the floor, whatever, put the pedal to the floor, there we go, put the pedal to the floor, what things are going good. And then when they stop, when they slow down, that's when you can reevaluate and be like, Alright, what am I gonna do? And that's when you take the money out. So it's really a tricky question, hopefully, you know, for being as open as I can. Hopefully, this helps you. And you know, in the beginning, everybody's not going to have this much, you're not going to have all that it's taken me a while several years to get to this point, you know, where I have so many different accounts and the investments in real estate and investment in other companies and the investment, other investments in whatever. So it does take a while. Don't think that you're going to get there right away in the beginning is just pay. Let me find one strategy that works. Let me start generating some cash. And if you need the money, you can take it out. If you already retired. There's no reason to make that count grow. Right? Whatever you make, take it out, take it out, enjoy it. But if you're like my friend Matt, you know who's still in his 40s he's still working. He's paying 500 bucks a month from auctions. Put that money back in your account, leave it there, keep it growing, keep it growing. Let the compound interest grow, and let it compound your account into tons and tons of money exponential growth. So that's my two cents for this episode. Hope you found it valuable. And remember, always trade with the odds in your favor. Take care. LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/ WATCH THIS FREE TRAINING: https://passivetrading.com JOIN OUR PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance Like our show? Please leave us a review here - even one sentence helps.

Passive traders. Let me welcome you to 2021. One of the resolutions this year was that I was going to have a podcast episode every week. But this is the first episode of The New Year. And you are probably listening to this in February, which means I am behind, I apologize, I'm going to do my best to make it up and catch up and have at least one episode every week, if not more, depending on what's going on in the markets and whatever lessons I need to impart. So hopefully, we'll be able to take care of that and catch up. I wanted to say thank you for having a wonderful 2020. Corona aside, you know, that impacted everyone's lives to some degree, those of you who lost people, I'm greatly sorry, and my condolences. But when you look at the market and overall economy, not the economy, but the stock market economy and the stock market are two different things. We learned that in 2020, the returns and the investments that we made in the markets and our options trades did amazingly well. Amazingly, amazingly, well, I don't know if we're gonna have another year like that anytime soon. Passive trading, just keep but all of the strategies worked amazingly well. We have students that didn't have a losing trade all year, as hard as that to believe. You know, I know I had losing trades, but they showed me their results. And it's like, no losing trades the entire year, and they're doing fantastic. And they've continued to 2021. In this episode, I did want to talk about what we can expect in 2021, and how we can make money from it. So, you know, 2021 started relatively calm. We didn't have any issues with the inauguration, Biden took control, and Trump left peacefully, no big deals, no rights, no, cool, no, nothing big. I mean, we have a little issue at the Capitol for a day. And those guys were beaten back and they left. And now there's investigations and all that going on. But, you know, the government seems to be running smoothly. The Democrats do have control of the Senate and the House and the Senate, they have a 5050 with the tiebreaker. So they can get more stuff passed, but they don't have complete control, because a lot of issues, they do need 60 votes in the Senate. So they're gonna have to get all of their dems to vote in that favor, and then they'll have to have 10 Republicans to vote for them. So that's probably not going to be an easy thing for them, that's gonna keep a damper on things, meaning that they don't get to pass every single thing that they want to pass, which is a good thing. Right? I think when it comes to politics, the less laws they pass, the better the last day and a few of the better. And I will agree with Trump on that, that every time they pass a law, they should take out a loan. No. But it is what it is. And as soon as long as we have, you know, one, either the House or the Senate in one control, and the other party controls the other one, that's fine, that's great, it works best. And the market does the best in those and people are normally happier. When you have both of them being controlled by one party, things can get really out of control. The biggest thing for us is the Fed, the Fed continues to keep saying that they're going to keep rates at zero, they're waiting for inflation to come up. And they're expecting more and more stimulus from the government. So as long as the rates are at zero, as long as the Fed is continuing to pump money, markets are going to continue to move higher. as they've done the last several years, we've had a very fed induced bull market that has just pushed stocks higher and higher and higher. And we're probably going to continue higher. That doesn't mean that they can't go down. In the meantime, we could easily have a 10% correction, we normally get those once a year. easily. We can have overdue for one soon. Does that mean it's time to bail? No, maybe you take some profits. And then if it comes down, then maybe you get back in, you buy the dip, because as long as offense keeping rates too low, it doesn't make any sense for why the market will not go up. We also have the democrats and Biden pushing for more stimulus and more unemployment coming. So that's going to go towards people that are sitting at home and a lot of these youngsters have decided to put their unemployment checks and their stimulus checks and go gamble in the stock market. And so we have a lot of speculation, a lot of pumping of stocks, like what they used to do and the penny stocks really pump and dump that's going on right now. With GameStop and AMC and all these other stocks that are just jumping up for no reason. The beaten up names like those, they are going to continue to be volatile. You know, don't expect similar things in other companies to cruise lines, airlines, all those companies. If there is a small chance, you know that a beat company or company is about to go out of business is going to turn around or have some good news, there's going to be somebody to pilot in there, and then they're going to promote it and say, Hey, this is great good buy this, buy this, buy this, and then the stock will rally. So just keep an eye out for that doesn't mean that it's a bad thing, necessarily, it's part of the way the market works, of course, over corrections or whatnot, it's fine. As long as the hedge funds don't get killed, I'm happy. Or if they do get killed, I'm still happy. The only time I'm not happy is when they get killed, and they have to dump all their stock, which leads to a few down days in the stock market. A lot of times in the history, you know, financial news doesn't cover it. But you know, if the market goes down three or 4% 5%, in a couple of weeks, or in one week, especially, it's because there was some very large player that blew up. And they had to sell everything in order to satisfy their margin calls that might be going on right now as we speak. Market was down today. And it might be because of that. So we'll see. Now, what's going to do well in 2020. Right, let me take a look at the agenda for Mr. Biden, the environmental names should continue to do well. So who is that? Well, the electric companies, the companies, anything related to electric power, wind power, solar power, and all of the solar names. So there is a ETF called Tam ta n, which covers them, I own that. It's done amazingly well in 2020. And I expect it to continue to go up as long as Biden is pumping more federal money into alternative energy. I believe the cannabis companies are also going to be doing the marijuana companies, you know, they haven't done well, that launch for the past few years. But the democrats are more favorable towards marijuana and making it legal. Maybe there's a push to make it legal nationwide, I don't know, we'll see. I don't know if they have the votes to approve that or get it passed. But they'll probably be relaxing some laws and make it easier for these companies to do something. So that's definitely gonna, if anything changes in that regard, these companies are just gonna shoot up super high. Infrastructure companies are also going to be doing well. You know, the companies that build the roads, pipelines, all that kind of stuff. Caterpillar is one united rentals. Another one, that's a good quick way to get jobs and people back to work is to start building stuff, looking at building homebuilders and construction companies going to continue to do well, home builders, usually they stay in the suburbs. And that's where everybody's moving to, there is a shortage of homes in the suburbs. And so they are doing really, really well, lumber prices are through the roof. Right. But that's because there's so much demand. And with rates, so low, people are going to continue to be moving to the suburbs, people are leaving California, they're leaving Texas, they're leaving all these states that have very high taxes, and they're moving to places like Florida and Texas and Tennessee, which have zero state tax, and land is plentiful, and there are plenty of cheap properties here. So if you've been thinking about moving to Texas, come on down water, fine. It's hot as hell. But other than that, you know, if the mosquitoes don't get you, you'll be fine. What's gonna suffer is I believe the rates. So if you have a read, it's probably not going to do well probably going to drop and there might even cut the rates or the dividends. Office Building rates aren't going to suffer. Urban Development rates are going to suffer people, you know, reach that focus on properties inside major cities. And the malls are going to continue to do poorly. I just went to one of the biggest malls in Texas are not Texas, but in Houston. And there was nobody there. Weekends are pretty busy. Because we have a lot of people coming in from Mexico to Houston. But with Corona, they've closed the board on again. And so there's less, there's still people coming. But there's less weekday man places dead. There was nobody there. I don't know how they're paying rent. But those are going to suffer the stocks that shot up in 2020. In the work at home stocks, I believe they are going to suffer because they're they're going to be tapped out. There's not that much more demand for something like a DocuSign. And most people that were going to start a Shopify store or you know, something like that they've already done, and they're going to realize that it's harder than it looks. And they're probably going to lose customers because people are going to quit, you know, when they were all excited. And yeah, I'm going to work at home. I'm going to open my own online business and I'm going to go open a Shopify store. Okay, great. And then it takes a few months for you to realize that it's not that easy, and Shopify is expensive, so I'm gonna shut this down. So I think Shopify and DocuSign and those types of companies will do that, or do poorly, not as well, not for me, I guess, but not as well as it did and so the stocks are not going to rise. The unknown. Really healthcare, healthcare is an unknown. We don't know how they're going to react. Some of them are going to do well because of the vaccine rollouts. Others are not because there's a shortage in Drugs, there's a shortage in pills. And so if they can't sell their pills, and they're not going to make a lot of money, also oil companies, that's a strange one, right? oil companies are unknown. Yeah, because oil is trending higher, oil dropped considerably. And then since the drop, it's been going back over, it's up to 60. And at $60 a barrel, a lot of oil companies, they make money. So oil companies, I think will do well, better than they did last year. Even with the headwinds, the reopening trade itself, like I said, I think that's going to continue to suffer. And the reopening trade is basically cruise lines, airlines travel company, you know, entertainment places, all those places are going to continue to suffer, because Corona is not going away. We having the vaccine rollout, that's fine. But Corona itself is not going to go away. And the new variants and the new strains that are coming are coming fast and furious. It's not just one Corona, it's several Corona and then you're having there's one from South America, there's one from Brazil, there's one from the UK, and then who knows, we might have some of our own. So yes, the drug companies and the makers of the vaccines are gonna have to stay on top of this. And probably, they're probably going to start changing the vaccine and make us take more than one next. So that's going to be a very interesting scenario where, you know, oh, you have the vaccine from this company. Okay, great. Well, now you gotta go and get it from this company, too, because this one doesn't cover from that. And it doesn't cover that it's going to be, we're not out of the woods yet. Overall, though, it's still a stock pickers market. I've said that last year, I said it over and over again, every stock did not do good. The markets themselves overall did well, because they were carried by certain stocks, every stock not too well. It's going to be contained, some stocks are gonna be trending higher, some stocks are going to be in the toilet, some stocks are just gonna be going sideways, and some are gonna go up, and then they're gonna go down and they go up, and then most of them should rise until the Fed takes away the Punchbowl. Until the Fed starts making comments, they start changing. When they have their, you know, their meetings and their posts and their speeches, when they start changing their vocabulary. That's when things are going to go south. And if the market gets spooked, and if they think that the Fed is gonna start raising rates, as soon as that idea takes shape, we're gonna go straight down, and it might be more than 20%. So I'm gonna be very afraid, because this move higher has been really, really extended. Probably never liked this anything happened before. And everybody's talking about, oh, are we in a bubble in a bubble in a bubble? Well, if you're talking about a bubble, then you might be in a bubble, right. And it's an artificial bubble created by the Fed, and they know it, and they're looking for it, and they're waiting for inflation to increase while inflation is already here. Right? Well, prices are up food prices are up, I don't know what the hell they're looking for, or why they haven't noticed it. But they're gonna see it, they're looking at unemployment, you know, unemployment is still there, because of the virus unemployment, it's gonna stay there for a while. So I don't know where this goes, I don't know, if they're gonna be able to have a smooth landing. The first time they had QE. And after all that great depression, Great Recession stuff. Janet Yellen was in charge of the Fed, and they kind of had a smooth landing, you know, they were doing a lot of quantitative easing, but then they started taking it away taking away, she's now in charge of the Treasury, which might be a good thing, because she's had experience with this. And she might be able to help the Fed, if there are any issues. So that's positive. But if we see something like that, then definitely I believe the market is going to tank. And so until then, we're free to enjoy the spoils and have the market go up. When that happens, put some hedges on very, very quickly, get out of your, your bullish trades, lower the low, cut back on some of your positions, and then just wait and see what happens. And eventually things will recover. And we will continue to be selling options, our positions. And we will continue to do well. We just might have some hiccups this year coming up. So beware of those, you know, expect, expect the hiccup don't expect to be making money every single month. Expect hiccups to come. And that will keep you on guard and vigilant. Now, that's it for my 2021 promotion or predictions. I do want to thank everybody that turned out and supported us for the live event that we had a couple weeks ago in January. It was amazing. We had a lot of fun. We had a lot of people show up. It went off beautifully. I was you know, nervous and scared and everything went wonderfully well. I mean, the second day in the morning, before we got started, we actually lost our internet in the office. That kind of freaked us out. We're like oh no internet. But then, you know, five minutes later it hopped back on and we were able to start off without a hitch so that was wonderful. We got overwhelmingly positive reviews and comments from everyone that attended. So thank you so much. Thank you for that. I really appreciate And people have been asking, when's the next one? When's the next one? I don't know. So far, I don't have plans for our next one for high probability trading that we did. But I do think that I would like to do one for futures options. So, you know, maybe we'll do a one day, this time, basically cover futures options, and why they're important, why you should be looking at those as a good way to diversify away from stock options, you don't have to leave completely, but I believe there's a lot of that's the new untapped market. And so, you know, a lot of speculators and stuff are really coming in to the stock market game. But in the futures market, it's wide open. And we just have to go in and take advantage of it. So I think I'm going to do a one day live event training on futures options and how to trade them and what to look for, and the differences and the pros and cons and all that stuff, how to get approved and whatnot. So if you're interested in that, please let us know. Send us an email help@optiongenius.com. We'll put you on a waiting list. We don't have one now, but we'll put you on it. And we'll let you know when that comes. In the meantime, I hope you have an amazing year. Merry, merry, happy new year to you and your family. I hope you have another great year. You know, stay vigilant in terms of trading wise it should be in good year, but it might be a little bit Rocky. Other than that, I'll be here. So if you have any questions, you can always email me and we will trade it together. All right. Take care and remember to trade with the odds in your favor. LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/ WATCH THIS FREE TRAINING: https://passivetrading.com JOIN OUR PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance Like our show? Please leave us a review here - even one sentence helps.

It's time to get real. This is gonna be the last episode of 2020. We're recording this in early December of 2020, we're going to get it out to the last week. And it's been quite a year. Definitely. And who knows what's gonna happen next year, we never expected all this stuff to happen this year. Hopefully, it's been a good year for you. It's been an amazing year. For those of us who have been in the markets and long markets, and long stocks. It's been incredible. It's amazing. You can't go online and not run into somebody posting how much money they're making, just buying calls, a lot of people are gambling, a lot of people are gambling, that doesn't mean passive traders have not done really well at all, we've done amazingly well. And, you know, the numbers are just astounding to me, as I am on this journey with you, you know, I have enough that the income from my investments allows me to do whatever I want. But it's not billionaire status. And so, you know, as the accounts grow, as the numbers get bigger and bigger and bigger, I'm having a hard time mentally focusing and realizing like, oh, wow, what the heck is going on, it's just keeps increasing, increasing. So I'm facing that issue. But I know a lot of you are facing several different issues. So what I want to know and I want you to focus on is 2020 happened, things happened. Market was the way it was COVID, Corona, whatever you want to call it, market shut down a lot of job losses, there were stimulus fed everything. 2021 is gonna be a way different year. And it's nobody knows what to expect. But it's going to be different. It's gonna be different from this year, vaccines coming soon, hopefully, who knows. And things will get back to normal in terms of people going out and traveling, some of the economy will come back a lot of the economy's not going to come back. How are you going to play it? What are you going to do differently? One of the things that we are doing is in the first week of January, we're having our first ever event. So a live event, it's going to be two days, January 8, and 9th. And I want to invite you to come hang out with me. Let's talk, let's learn, let's trade let's train, please go to optiongenius.com/live to get all the details. Go ahead, check it out, see what we have, we got some guest speakers coming. Got a lot of great content of how to take you to the next level. Wherever you had now, wherever you were, how to get you to the next level. What skills do you need? What do you need to overcome? What's stopping you break through all the boundaries? Make your goals say hey, this is what I want. This is where I'm now. How do I get there? Bang, bang, bang, bang, bang? What are the steps 1234. And we're gonna just knock it out. So we're gonna be asking questions when we talking live, there's an opportunity for you to be one on one with me as well. We're gonna have some hot seats, you know, bring people on say, all right, show me Let's go. Let's diagnose it. This is some coaching right right now. So it's gonna be a lot of fun. Please, if you can't make it, there's a you can get the recordings. So optiongenius.com/live, I am very, very, very nervous. To be honest with you, and seriously, like, you know, I've told my team like, Hey, we're doing this, but in my mind, I'm like, oh, man, do I really have to do this? Or do I want to do this, but we have so many people on the announcement list. And so we're like, yep, let's do it. Let's do it. Let's plan it. You know, it's not going to be a pitch fest. We got speakers, but they're not selling anything not gonna be having, you know, "buy this product and buy" this product and buy this product. No, none of that stuff is just real live learning, trading, working in like a workshop type event. So I hope to see you there. It would be amazing to show your support. If the podcast has helped you in any way. It would be nice if you came in just gave me some moral support and be like, yeah, you're doing great, good job. We love you or whatever. You don't have to love me but you know what I mean? You know, it's the introvert in me talking. It's the the lack of confidence, I guess in front of getting up in front of people and being like okay on the spot. Let's just talk because it's This podcast is like me, I'm just sitting here. Nobody's watching me. I'm just recording this. I know what to say. And I can say it. But live is a totally different story. You know, you mess up. There's everybody watching you "Oh, no what I do now? Oh, anyway, but it's time to get real. You know, we need to get to the next level a year of our life has gone by, and we've been cooped up. So it felt a lot longer than normal. But how closer are you to your goals? How close are you to the things you want it? Only you can answer that question. And how can we get you to them faster? That's the real thing. You know, whatever it is you want out of life. We can't just sit around and wait. We can't take our time. We want to push the envelope. We want to push the gas pedal down. And we want to fly. Right. And I mean yesterday. Poof last night, I took the family out to go see some lights. And you know, the Christmas lights. And it was it was fun. It was a lot of fun. It was a great we had a great time. But on the way there. The Google Maps took me down like a shortcut or something, was up there made road to digital shortcut. And it was this little lane, not even highways, just a little road houses on both sides, no divider in the middle, nothing. And I'm going pretty quickly. It's dark, not really too many lights. And all of a sudden there's a railroad track that comes cuts across the road. Now, if you've seen railroad tracks you going over them sometimes they're flat, sometimes they're hilly, this one was hilly. And I did not slow down. I did not hit the brake. I went at it as fast as I was going and yeah, man we flew, the minivan flew. And it was fun. It wasn't fun when we hit the ground, the bumper, like scraped the grout, the kids are like they were I don't know what they were sleeping when they were quiet. And we heard them like when we went airborne. And then when the van started going down, and we hit you know, the ground again, you heard the kids in the back, *Kush* fall back down in their chairs were literally up in the air. They had their seatbelts on, thank god knew probably would got heard otherwise. But yeah, you heard that boom, Daddy, what's going on? Yeah, but he was a lot of fun, it's fun to fly. You know, sometimes it's fun. Sometimes you got to put the brakes on. And 2020 was a hard year for a lot of people. But it's time to buckle down and say, all right, we can't do that. Again, it's not time to buckle down anymore. We need to push, we need to get better, we need to do things we need to move forward. And so that's why we're doing this live event. That's why I'm breaking out of my comfort zone, trying something new is like alright, you know, everybody's still at home. Everybody knows how to use zoom, this is great. Everybody can understand what we're doing now. So you don't have to fly. You don't have to rent a hotel, you don't have to buy food, do it at home in your pajamas. That's great. I wish I could be in my pajamas. I might be, who knows? I might be in my pajamas.. but it's making everything so connected more, even though we are not connected physically, we'll be online, we're able to see each other, it's gonna be a very interesting experience. I'm definitely sure that you're going to take something out of it, you're going to learn something, and you're going to get your questions answered, or we're going to work on getting you whatever you need to go to the next level. So I hope you do Join us now. In terms of going in the future, like what do you do? If you haven't, go get the passive trading book. I would start there and say, Hey, what's the roadmap? What's the game plan? And basically, that's what we're doing on the live event. We're like, okay, where are our people now? Where do they want to go? And how do we get there? What are the steps? 1-2-3-4 however many steps are? How do we get there? And that's what we're going to go through. So once you register, email me, and let me know where you are, and let me know where you want to be. And I can use that when we're creating the content. So the steps are, you know, we understand the steps were like, okay, we need a strategy, we need to understand the market, we know how he's going to do, we need to manage our trades properly, we need to have asset allocation properly, we need to be safe, so we're not, you know, risking a lot of money and losing it for what-not. And then we need to build and we need to invest properly. And that's how we do the passive trading. So we're gonna cover those in detail in depth on the training, and I can't wait. So I guess this episode has turned into an advertisement. Live event. I didn't mean to. I'm just really excited about it. So I really appreciate you guys listening the whole year. And we've been doing this episode. I think we're doing this the second or third year of the podcast. I'm not even sure I think we got we're getting close to 100 episodes. So I think it took us three years to get there. But I appreciate everything I appreciate you appreciate our customers, you know, you guys, the fact that you are listening to this, you give me an outlet, and you give me a way to help, and a way to give back so much that I've been given. And I really would love to hold your hand and say, Hey, walk with me, let's do this together. You know, it's an amazing feeling. And one of the things like one of the mentors that I have, he says that you get so much when you are doing it yourself, but you don't really, really understand it, and really, really learn it until you help somebody else do it. And so it's a progression, you know, and that's what option genius has allowed me to do. That's what this podcast allowed me to do. The passive trading formula or oil options program all our memberships, it is just, it's, I am so grateful and amazed. And like, really, you know, we announced a live event a week ago, by now it's been three weeks or four weeks. And we put out and said, hey, you know, if you're interested, go to this website, and let us know, you know, give us your name and email address and get on the list. And we had a ton of people, that first email that I sent out, I wasn't even talking about this. It was just like two lines at the bottom of the email. And we had like, 80 people signed up right away. Like what? That many people are interested in coming to a live event listening to me talk. Wow, I mean, we do have 1000s of people listening to me talk on every episode, but it's just, you know, every step you take is like, Okay, this is a new thing to do. Do people actually listen? Are they gonna show up? That's a no, oh, my god, it's gonna be live. What if nobody shows up? What if they think I'm crazy? What do they all make fun of me? Oh, no, you know. But it's time to go to the next level, it's time to go to the next steps. And you got to get out of your comfort zone as well. So if you haven't been trading, I'm telling you, you missed out on a great, great, great year of an opportunity. Next year, my assumption is that we're going to be the markets still going to be heading higher into the first couple months, at least after that things will very calm down, the volatility will go away. And we might have a correction, we might have a bear market next year or 10% 20% down, I don't know how much. But once the Fed stops printing everything, once the economy starts going back to normal, things will flatten out, we might have an up market next year, but it's not going to be as easy it was this year to just buy stuff and watch it go up every day. You know, that's not gonna happen, I'm almost guaranteeing that that's not gonna happen, there's gonna be a lot of sideways movement, there might be some down moves. If you don't know how to trade it, it can be scary. But we can do it together, we can hold your hand and take you along the way. And it's still, with passive trading, the way we do it, it's still a way that you can still be profitable. So you know, it's amazing. And I am living proof that it works, along with the 1000s of other people that are doing it with us. So hopefully, we'll see you on the live event. I wish that 2021 is an amazing year for you. I wish the best for you and your family. If there's anything that me and my team can do, please let us know. Thank you for everything. Thank you for listening. Thank you for your time. Thank you for all the reviews and the comments and the emails that we get from you guys. It just makes it all worthwhile. So Happy New Year! Merry Christmas if you are into that and we will see you in the new year. LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/ WATCH THIS FREE TRAINING: https://passivetrading.com JOIN OUR PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance Like our show? Please leave us a review here - even one sentence helps.

What gaps in your trading are you suffering from? Yeah, I said gaps in your trading, not trading gaps. Normally, a gap is something on a chart where the stock, you know, it makes a jump in it, there's a little hole there in the chart, I'm not talking about those type of gaps. I'm talking about the gaps that occur in how well you're trading. So let me explain. Obviously, you want to be a better trader, that means you're going to make more money, that means you're going to be able to do more things in your life, you're going to have more time, you're gonna be able to buy more things that are state of mind, peace of mind, all those great things right now, you already know that hopefully, you already have an idea of what you want the money for. Of course, it's not just the money, it's, you know, break down bottom line, we want to be happier, we want to live better lives. So that's why your trading? I agree. That's great. Awesome. That's step number one, we get to know why. Right? why we're doing it. But then it comes to Okay, this is what I want, how do I get there? And it's like, we're on one side of a cliff. And then there's a chasm, right, a gap. And then there's the goal on the other side of the cliff, which is being a profitable trader. So now you have to figure out, Okay, how do I get from one side to the other. And for everybody, there's a different gap. Everybody doesn't face the same gap, but depends on many different things. So now I'm going to go through several of the gaps that are out there that trip up the most people, okay, then once you understand what your gap is, then you can go and you can fill it in. And you can take care of it. And we have resources to help you. So once you figure out what your gap is, you can email us and say, "Hey, this is my gap, how can I fill this in?" Okay, and we have programs where we look at, we've looked at all of these different gaps. And we've have, okay, in order to somebody has this gap, they get this, somebody has this gap, they get this, if somebody has this gap, they get this. So we've tried to identify every single gap that's out there, and I'm going to cover a few of them here, and how to fill them in. And that's the only way you can really get to become a successful trader is of all the gaps are filled in. Now, these are not like little potholes where you can, you know, just, oh, it's uncomfortable. But yeah, you get through it, no, these are big holes in the ground. And if you don't fill them in, if you don't take care of them properly, then they are going to stop you in your tracks and you are not going to get to your goal, even if you have all the other gaps filled in, but you have one left eating going to get there. Okay, so let me go through them. And then you can figure out which one you're suffering from, or maybe more than one. Now, the first one is the knowledge gap. So this basically means that you do not have the knowledge to go from where you are now to where you want to be. Okay. And there are different phases of the knowledge gap. Because you cannot just say, Okay, I want to be a wonderful trader, just give me all the knowledge in my head, like upload, right? Can't do that. You start slowly, slowly, slowly with the first things you don't know. And then you build on top of that. So if you are in this gap, and if you don't know what to do, if you are new to trading, if you're new to investing, or if you're new to options, whatever, you don't have the information, you start with the book "Passive Trading", and you can get that for free at passivetrading.com/free. Just go there, get the book, start reading it, start learning it, we get other bonuses that will help you as well. And that is how you start to overcome this gap. It's not gonna happen overnight, you're gonna fill it in, fill it and fill it in enough to get by then you're going to go further and you see Oh, there's another knowledge gap. Because as you go on, as you start this road, you're going to realize what you don't know right now you don't know what you don't know. Hmm, makes sense. You do not know the things that you need to know but you still don't know. And so as you go along the road, those knowledge gaps will appear and you'll be like, Okay, I'm stuck here. I don't know how to do this. Then you find the answer. What I don't want you to do is say I have to master everything before I start. No. Let's not do that. Then you'll never start because nobody knows everything. Nobody masters everything. And especially comes to trading. Nobody masters trading ever. You do really well, but nobody masters it. Okay, nobody masters the market, you trade the market the best way you can. And you hopefully you come out successful if you trade your way, it's a proven way. So yeah, you should work, but nobody masters the market. Okay, so now you have this knowledge gap, start with that book, start with the basics. And it'll give you the information that you need to move to the next level. And then you'll get to another gap. And then you can show that in and then you can fill it in and fill it in. Okay, so that's gap number one, the knowledge gap. And this is not just one time it occurs over and over again. The second gap, very, very important. And this one most people don't have, it's the skills gap. And by they don't have meaning they suffer from this, they don't have the right skills. Okay. So what this means is that you actually know how to do the process, you actually know how to put on the trade, how to monitor it, how to manage it, how to exit it when you should, when you shouldn't, you can get a trading plan to tell you this stuff. And that will give you some knowledge. But it will not give you the skill until you do it until you do the thing over and over and over and over again, until it's in the back of your mind. It's like the back of your hand. And you could be like, yeah, I can do this in my sleep. Even then you probably gonna screw up. The other day, I put on a covered call trade, and I screwed it up. Yeah, I screwed it up. I bought 100 shares and I sold two options against it. And I later on I realized my thing, and I'm like, Oh my god, what the heck did I do, you know, the amount of money that I was supposed to make on that trade, I gave it away when I sold the second option. So now even though if the trade is going to work out, which is going to, I'm still gonna add best I'm gonna break even. So yeah, skills are very important. Okay, even after 15 years of trading, you can still mess it up. So if you mess it up, now, I don't fault you. Right, but you got to put in that effort, you got to overcome the skills gap. And the only way to do that is to just do it over and over and over and over and over again, I can't make you do it. I can't sit there and watch you do it, you have to do it. Okay, I can encourage you and on the sidelines but you got to do it. Right? If you never do it, you'll never overcome the skills gap. And we do have students, and I've seen them, I've talked to them, they want all the education, they want to buy everything. And they go through everything, and they do it multiple times. But when it comes time to actually putting on the trade, they back off, because they don't have the skill. They see that huge skill gap. And they're like, Oh, no, I don't know how to do it. Well, baby steps, baby steps, paper trade, try it, do a small little trade tiny trade, you know, so that if you lose the money, if you lose all of the money on the tiny trade, it's not going to kill you. Right, it's gonna go towards your education. It's like an investment, I'm gonna try, I'm gonna risk $100 to do this trade. And even if it blows up, that's $100, I invested into my education. And I put a trade on and I learned it. Right, I learned what not to do. In that case, if it blows up, but at least you did it you know, once you get over that hump, once you get this skills gap down. I don't know if you ever will. But just like the knowledge gap, there are different skills gap, you know, putting on the trade, that's one skill, managing the trades and finding skill, finding trades, those are all different skills, and you have to do them over and over again. Eventually, they become like second nature, and you get really, really good at it. So you know what you're doing. That's where I need you to get to, to become a really consistent successful trader, you got to overcome that gap by doing actual work. Third, the motivation gap. Now, I talked about this earlier, hopefully, you already know why you're doing this, why you want to be a trader. But if it's only to make money, that probably will not be enough. In the beginning. Let's say you have a lot of debt, you want to quit your job. See that's different. quitting your job is different from I want to make a lot of money. That's a different motivation. And I love that one I love I want to quit my job, or I need XYZ money to be able to send my kid to college, or I need this to because my car is about to die and I need to replace it. Those are better than I need more money. I want to make more money. Because more money in your bank accounts, is gonna do anything for you. You're not gonna be much happier. You're not gonna it's not gonna change the world is just numbers on a screen. So whether it's 1000 or 5000 or 10,000 on the screen, it doesn't make any difference. And eventually that wears off. First couple of times. You'll be like yeah, no a lot of money and then they'll be like, Oh, yeah, it's not that much. Oh, yeah. Okay. Yeah, I did it. Okay, I got a lot of money. I got 10,000 in my account. Yay. It'll go away. So You have to understand what is your motivation. So the motivational gap is really big for a lot of people, sometimes they don't feel the need to trade, or they know feel the need to overcome the skills gap. Now give the example of my father, right, he was motivated to make more money. And so if you put in front something in front of him, like a course, or a seminar or two day, like a two day workshop or something, he would buy it, because he was motivated to make more money. And you would actually go and do the thing, you would go and try to get the knowledge because he knew he had a knowledge gap. So you try to fill in the gap of knowledge. But then when it came time to actually doing the thing, he almost never did the thing. He never overcame the skills gap. Why? Because his motivation gap was not filled in. He wasn't motivated enough to make a bigger change, he was motivated a tiny, tiny bit, to invest in something and to try to overcome the knowledge gap. But he was not, his motivation gap was blocking him from overcoming the skills gap. So this kind of gets tricky, right? I told you, there's lots of motivation gaps, there's lots of skills gaps, there's lots of knowledge gaps, there's gaps all over the place. But you can do them if you go through the path, and you fill them in as they go along. So yeah, your motivation has to be really great. In the beginning. For me, my motivation, when I first started was my wife is working two jobs, and I want her to only work one job, and I want to be a provider in the household. I want to take care of my family. I want to have kids, I want to get out of this rinky dinky apartment, right. The only way I can do that is if I'm making money. So that was my motivation along with I don't want to go back to work because I had just gotten laid off. No, I don't want to go back to work. I need this to work. That was my motivation. And that was the same motivation for several years, until we got to the point where the money was there. It was coming. He was flowing. And then I kind of lost my way. And I was like, Okay, yeah, I'm making money. That's great. Okay, I'm kind of tired. I'm sick. I'm like, bored of life. I gotta find something. What am I gonna do? Okay, I went and I raised a, I learned how to race NASCAR's. I mean, it was like a $3,000 for a one day package. You know, we actually go and you you do a NASCAR 200 miles an hour per hour and do that. And I was like, Oh, yeah, that's great. You know, I got some adrenaline, but I'm still not motivated. You know, I don't feel like getting up in the morning. Why? What is that be motivation gap, really, really big motivation gap. And I learned that the key to filling the motivation gap, after you fill the little baby motivation, gaps of I need more money, more money. Once you have the money. The next motivation gap that comes is I need significance, I need something in my life that I'm doing that I gain significance from that I feel important that I feel growth that I feel loved. And the only when I started to train people and to teach people, that's when I started getting that. So this podcast is in a way, helping me overcome my motivation gap. So thank you for listening, I do appreciate it. I do appreciate all your support all the comments, all the feedback, emails, all their positive reviews. I appreciate all of that. So thank you very much for that. Thank you so much. Now, after we have the motivation gap, we have the habits gap. Now these are any, you know, daily or weekly habits that you have that are stopping you from achieving your goals. So does proper trading, have habits that you need to have in order to succeed? Yes. One thing is you got to watch your trade. Right? You can't just forget about it. It's not set it and forget it kind of things. Because the marking can go up and down. Even with the odds in your favor, you should still monitor your trades on a daily basis. Depending on the strategy. If you're doing cover calls, then Okay, maybe not every day, maybe you do it once a week, maybe once a month, that's up to you be too many on how aggressive or conservative you are. If you're doing something like our oil option strategy, I would like you to check in every day and see how oil is doing how your trades are doing. If you go 234 days too long, and you're not checking, that could be a bad thing and you might be negative, you might start losing some money. That's not a good thing. That's not going to help you on your goal. So that is a habit that needs to be instilled. And so one of the habits I instill and I tell everybody is you should have a time every day that you check on your trades. Same time every day for me, I do it at one o'clock, one o'clock Central. I have an alarm on my phone, he goes off ding ding ding ding ding, time to check my trades. Now I'll drop whatever I'm doing. And I will log in, and I will check my trades. If I need to adjust or do something, most of time, I don't need to do anything. So it didn't take very long. But that is a habit that I had to instill. I have other habits that I've also instilled, that have made me a much better trader. And we talked about them in our trade hacks program, which is very cheap. And if you want it, you can get it on our website, it's called trading hacks, I don't have the time to go into all of those, that's, you know, several hour program, and it goes through all of them. But if you have a habit program problem, then something like that, the hacks that we have come up with can definitely help you because you don't have to change yourself. Right? You don't have to have the willpower because willpower doesn't work. If you've been on a diet, or being like, yeah, I'm going to do this, I'm going to do this willpower doesn't work, you have to change the environment, you have to change your behavior, you have to change your habits, you have to change something other than yourself. Because willpower by itself will not work. And so the trading hacks program that we have, it covers several different easy things that you can implement, that you don't have to change anything about yourself or your trading. But like I said, with the one o'clock check in, right, that's one hack that I've implemented, that has really, really helped my trading. So if you do something like that, that can make a big difference, doesn't have to change my trading, doesn't have to change anything about my style. But it's just a reminder, like, Hey, you need to do this, this is a skill - a habit sorry, not a skill, it's a habit that I needed to implement. And once I did, it made a big difference. The other one is your environment, the environment gap. So where you trade has a big impact on how you trade? Do you have a nice quiet spot that you can trade from? Do you have the freedom to trade, like if you're hiding from your spouse, and you're still trading, that's going to be a lot of stress, that's not a good environment? Right, you got to get your spouse to buy in, don't be trading behind her back, or his back and try to think that Yeah, you're gonna be a great trader, there might work for a little bit. But overall, that is a very negative environment, right? When you're trying to hide it, you're gonna feel guilty, you're gonna feel bad, and Heaven forbid you lose money, oh, man, that's just going to compound everything. So your environment needs to lead you to be successful. Do you have a fast enough internet connection? Now you don't need four different monitors. You don't even need two monitors, you just need one screen that you can trade from. But you need a good enough internet connection that that's there, you need maybe a phone where you can check in on your trades smartphone, you need some basic stuff. But if you don't have it, that makes it much harder for you. And if you don't have a spot where you can actually sit down and learn and go through the environment go through the education, right, if you join one of our programs, there's a lot of information that you're going to get. If you don't have a spot to properly go through it, then what's the point? So the environment is another gap, probably one of the most easier ones that you can overcome. Right. And so that's the last one. So we got knowledge gaps, that are recurring, they happen over and over again, you'll learn a little bit, you'll move forward, then you'll realize oh, I need something I need to know something else. So then you learn the next thing. Don't try to learn everything at once. Learn them in bites, right, move forward, learn some more, move forward, learn some more when you get to a gap, learn some more, fill it in, move on to the next one. Skills gap. There are also several of those because you don't know what skills you need yet. So focus on one skill, work on that move forward, then you find Okay, I need another one. So now you get the education for that one knowledge for that one. And then you do the scale. And you fill that in then you go forward and you go forward. Motivation gaps. This is when you have to figure out for yourself. What is it that's going to keep me focused, keep me motivated, so that I don't give up. That's the thing people give up. They just stop. You know what I'm talking about is passive trading. I've been doing this for a long time. And I've seen the results. And I know this works. And I know it's great in the feeling that you get when you're doing it well is amazing. So I don't understand why people stop in the middle. Now I know it can take work. I know it can take a lot of time. But if you have the motivation, you should be able to overcome the rest of the gaps. That's probably the most important one that you need to overcome the motivational gap. Everything else I can help you with. Right, I can't help you motivate yourself. Then you got to habit gaps. Right if you know something that you keep doing over and over. And again, that's hurting you, that is a habit that you need to change. You can't break a habit, you need to replace it with something else. Right? So if you have a habit and your habit is Oh, I don't I don't I forget them on my trading plan. I don't stick to my trading plan, or I don't stick to my rules. My rules, say, of the trade is down so much money, I got to do XYZ, but I don't. Well, that's a habit that you need to change. If you already know that, you're that's half the battle, right? Like GI Joe, no knowledge is off the bottle. Yeah, I think you GI Joe. And so now you have the knowledge. Now you got to change the habit. So you overcome that gap. And then the last one is the environment, which is probably the easiest one. So I hope this helped. I hope you can overcome these gaps. If you have any issues, you can reach out to us help@optiongenius.com and trading hacks is the name of the program that can help you overcome a lot of these habit hacks. In terms of education, and skills, we can help you there as well, we have several programs that can help you depending on what you want to accomplish, what you want to be trading. So reach out to us there as well. And again, thank you so much for listening, trade with the odds in your favor, and have a great day. Thanks. LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/ WATCH THIS FREE TRAINING: https://passivetrading.com JOIN OUR PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance Like our show? Please leave us a review here - even one sentence helps.

Check this out: High Probability Trading LIVE Hey, passive traders, how's it going today? Listen, we're thinking about doing a two-day live event. Not sure yet if it's going to happen or not, but the information is at optiongenius.com/live. If you want to be on the announcement list, just go ahead and go to that website and put in your email and your name, and we will let you know. And if we've decided that we're going to do it, then the information to figure it out and sign up is going to be there as well. It's going to be two days of content, hard hitting trading content. And I'm probably gonna bring in some guest speakers as well. So I'm getting excited, the more I think about it, the more excited I'm getting. But I am very nervous because I'm super introverted and for me to do something like you know, we're meeting a lot of people. So that's why it's virtual. I don't have to go in front of a large stage or anything, but it is going to be really cool. So I'm already starting to think of what topics we can talk about what is the, you know, what's the best, that will help everybody. And so if you have any ideas of what you would like us to talk about, you know, go ahead and fill out that the name and email at that page, option, genius, comm slash live. And then let me know what you think. And let me know what you want to hear about. Cool. Alright, so I got an email today from a reader of the passive trading book. And I thought that this could be a pretty good episode based on what she said. So she said that she loved the book, she went through it, it was great, she learned a lot. And she's really, really focused on doing it. And she's, uh, she's already in real estate. So she understands the whole options and how they work and how they relate to stocks. Now, the problem is that she's only got a couple $100 to work with. So what should she do? Now, this is a very common situation, it's a very common problem that a lot of people have, they want to get started, they love the idea, but they don't have money to trade. And obviously, yeah, it takes money to trade, right? This is the one thing it takes money to do everything but especially trading, it does take money to get started. So what do they do, and on this episode, I'm going to give you some idea and it's actually a controversial idea, because it's not right for everybody, it might be right for you, it might not be right for you might be the most awful advice that anybody could ever give you. So I'm not giving you advice, per se, I'm giving you an idea. You have to know yourself. And you have to know if this is the right thing for you. If it's you know, too much or too risky for you, then don't do it. If you think you can handle it, then it might be the opportunity or the idea that finds you the funds that you can go and start trading. And you've probably already thought about this, but I want to go through with you a little bit more. So my first ever trade was not stock. It was a commodity trade. And I was I don't know what I was like 12, 13 years old. And we got this pamphlet in the mail. It was a brochure, it was like a sales letter for a course on how to trade futures. And I read it, I was mesmerized. I'm like, Oh, this is awesome. This is awesome. Dad, we got to get this, we got to get this. So we paid a couple of 100 bucks, whatever got the manual in the mail, opened up a futures account. And we traded soybeans, and I still remember this. We traded soybeans, one contract, and we made $25000. And I was on top of the moon. It was awesome. And then my dad shut down the account. I'm like, What happened? He goes, No, no, no, I didn't want to keep doing this. I just wanted, to show you what it was like and the actual idea that he had was that he was going to open the account, and we were going to lose money. And then that would stop me from ever wanting to trade again. Because he thought that commodities trading commodities was very, very risky and not do it. His whole thing backfired on him because he wanted to teach me he wanted me to lose money to teach me not to do this. And in fact, the opposite happened. We made money and the bug I got the bug - it bit me and ever since then I wanted to trade, but he shut it down. I didn't have any choice, right. I was too little. Fast forward and in the future. I have just dropped out of college. I came back home to help my dad with a new business he owned he just bought and things were really money was really, really tight. I mean really, really, really tight. To the point where like we don't, we're hoping we have enough money to eat every month. Even less than hand to mouth. And so in the mail, I get another brochure about a course about trading futures. And this one was even better than the first one because this one talks about technical analysis and the guy will actually help you with recorded messages to tell you what he's trading and bla bla bla bla. And, you know, times are so tough. I'm like Dad, we need to do something, I want to do this. How do we do this? So we bought the course. And I started following it. And at that time, this was pre website, or pre, you know what, they didn't have websites. We had AOL and stuff like that. But they didn't have Google, Yahoo, any of this stuff. So the charts had to come in the mail, you had to subscribe to a service. And they would print out the charts every week, at the end of the week, and they would mail them to us, he get them by Monday. So you'd have the charts and they would be newspaper size. And then every day, whatever happened, you would have to fill in the chart, you'd have to draw your lines, your support, resistance, all that stuff. And then every week, you would get a new set of charts. So you have to draw the lines again. And that was really a good way to learn for one thing, but I did it for a while and I show my Dad, I'm like, Look, Dad, I'm doing really, really good. I want to do that. So he went ahead, and he borrowed $8,000 on a credit card. So he took a cash advance on a credit card, he gave it to me, we opened up a futures trading account. And I knew that this was all the money we had. So we didn't even have it. Right? We didn't even have it. And at this point for him, it was a like a last-ditch effort. Like hopefully this works. If it doesn't, well, we're not gonna be able to pay off these cards anyway. So credit goes to hell kind of thing. I think this was the last card he had with any remaining balance. So yeah, you know, no, no pressure, right? Anyway, so you know, I'm going through all the charts I'm looking for the perfect opportunity, the perfect trade, the perfect trade. Finally, I find one and I'm like, Oh, this is it. This is gonna work. It's an uptrend. It's going great. Following all the lines, all the sports, everything, okay, Dad, I'm doing this, I put my first trade on one contract on the Japanese yen, Japanese yen was going up, it was gonna make me and I was gonna make a fortune. So I put the trade on close to the end of the day, and put my stop loss in. And that's it, I go home. And at night, I'm thinking man, I'm under how much money I'm gonna make or how much money I'm gonna make. I'm gonna pay all the bills, life is gonna be good. All this stuff. The next day I wake up, you know, I get to get to the office, I check. Oh, Yen is up, Yen is up alright. I'm making money, how much money do I make how much money they make in my account. And there's like $23 in my account. And I'm like, wait, what happened? Where's my Japanese yen contract? And there's no contract. And only wait, I bought a contract yesterday? Well, this must be like a glitch or something. I don't know, am I right? Am I signing in to the wrong account, what the heck is going on. And then I looked further. And it said that it stopped me out of the trade earlier in the day at the open. And when wait this doesn't make any sense. And so then I went back and I looked at it again. And basically what happened was, the Yen had gapped lower at the open. And then when it finally did open, it went up all day. But it opened lower, much lower than my stop loss. And so as soon as it opened, very, very low - hat's when my order was executed. And I was kicked out of my trade. And then that basically took away everything in the account. All eight grand was gone. overnight. One trade. And the sad part was the really frustrating part was that that trade would have made 1000s and 1000s of dollars because the Japanese yen continued to rise. Now, what's the moral of the story? What's the lesson to be learned here? I don't know, if you're gonna trade Yen, you got to have a lot more liquid because it moves up and down. I guess. That's one Moral of the story. But the reason I'm bringing this story up is that the idea is to do what we did. There's a potential to borrow money to trade with. And so I was talking to a fellow. And what he does is he works with companies like mine, where we're selling programs, right coaching programs that are not super expensive, but they're not dirt cheap either. So people might like to finance it. And so this guy, he works with several banks, and basically, he wanted to offer financing to my customers. Now, I don't know how I feel about that. He knows like if you can't afford the program, should you borrow money for the program? I think I'm okay with that. But if you don't have the money for the program, then how are you going to trade? Right, I don't want to take I don't want you to borrow money to buy a program and then not have anything left over to trade unless you know that that's the plan unless you say, yeah, you know what, I'm going to be paper-trading for a while until I learn, and then I'm going to invest the money, and then I'm going to do it. So when I was talking to him, what he was saying is that the way their program works is you, let's say, you come to me and you say, hey, I want to join your program, I want to finance it. So the Okay, so I turn it over to him. And they have a form that you fill out, it's a personal loan, and they they work with the world's largest banks, right. So it's not like some, some little corner shop, these are real big banks, and they look at your information. And then they put give you an offer, they say, all right, we will offer you $10,000, we will offer you 20,000 will offer you 30,000 as a loan, and these are the terms this is the interest that you could pay every month, etc. And then if you like it, then you say yes, or no. Or if you don't want the whole amount, if you don't need the 30,000, you take, you know, I'll say I need 10,000, I need 5000 or 2000, or whatever you want to take, you can you can take that amount. Once you have that money, then my company charges you for our program, whatever the cost is that you agree to. And that's how it works. And then you make the payments directly to the bank. So I was thinking about I think, wait a minute. So you're telling me that the people, the customers, my customers can borrow more than the program is cost? And he said, Yeah, they can. So I thought that was very interesting, I think, well, if somebody wants to, so they have good credit, they can borrow enough to pay for the program, and they can borrow the money to trade with. So that way they take the money that they're trading with, they earn a profit on that, and they use that profit to make the payments. So in essence, they're getting it for free. They're just working for it, but they're using their profits to pay off the loan. And that would be an amazing way to get started very quickly. And he said, Yeah, technically, they could do that if they wanted to. So that's interesting, you know, so I'm still thinking about whether we should do that or not. If you're interested in something like that, let me know the good and the bad, you know, because I'm thinking about it, I'm still debating it, I don't know if it's a good thing. For some people, it can definitely work. I've seen people that it has worked for where they've borrowed money to trade with, and they've done really, really well. And I've seen other people blow up, there was a guy on Facebook. And he he posted that he borrowed $200 on a credit card where he was going to have a 0% interest rate for one year. And he borrowed $200 on his credit card, he's going to use that $200 to trade with. And I'm scratching my head, I'm like, Dude, what are you gonna do with 200 bucks, you're gonna buy some calls, hopefully, you'll make some money, hopefully, you'll be able to pay it off. But you got to make 100% in a year, you're it's a crapshoot, right 50% chance you're gonna make 50 million, you're gonna lose it all. But I don't know, maybe he's gonna make it. But if he's only using $200, I have a feeling he doesn't know what the heck he's doing, he's probably gonna lose it $200. And, well, it's not a big deal, he's gonna have to pay back the credit card, I don't know why you would only borrow 200 though. Geez, if you if your bank is only going to give you a line of credit on a credit card of $200, you got bigger problems, you don't need to be trading, go get a job. But the thing here is, this might be a way for you to get started. So either you borrow money from a friend, you borrow money from the bank, you borrow money from somewhere else, I wouldn't advise you to borrow money from your credit card like my dad did on this, you probably knew that, hey, you know, this is a sinking ship, we might not be able to pay it, that's a bad thing. You shouldn't borrow money that you can afford to pay back. Right? So hopefully, you're not in a situation where you do have to borrow money. But if you are, please think about it before you do. Most of the time, when you borrow money, people are under a lot of pressure. And they feel that they have to pay it off right away. And so they take risks that they shouldn't necessarily take and they blow up, they lose all the money that they borrowed. And then not only do they feel really horrible about losing money, but then they still have to pay back the bank. And that can mess up their credit, they can mess up their relationship with their spouse. So you really really have to think this through before you do it. I'm just putting it out there. It's something you've probably already thought about it. If you've ever wanted to get into trading and you don't have any money, like, we're gonna get the money, we're gonna get the money, I still think the best way is to paper trade to learn without having the risk. And to build up a track record and the look, you know, I've been paper trading for six months. And I've done all these trades. I've done several trades every month, and I'm consistently profitable even a couple of months where, you know, I could have lost money, I could have lost a lot of money, but I didn't manage it properly. And here's my record. And then you can find somebody that can either borrow, you can borrow the money from or we'll put up the money and you trade their account and you get paid a fee for it. You know you get a piece of the profits. I would rather have you do that than borrow the money. But even if you are about to borrow the money, please paper trade it first. Whatever you're thinking of trading paper traded first, so that you don't end up and do what I did. That's why I told you that story in the beginning because it's a warning, right? I didn't know what I was doing. I had a course. But I didn't have like a live mentor. I didn't have a group, I didn't have any community. It was just me by myself with my little charts that come every, every Monday in the mail, and I'm drawing my lines. And even though I had it, right, even though I had the trade, right, I had nailed it, I knew the direction I knew was going up, I placed the stop loss in the wrong spot. And I was trading the yen when I shouldn't have been, because my account size wasn't large enough to be able to trade the yen properly. Does that make sense? I was trading the wrong instrument. And I didn't have anybody to tell me that. That's why we have coaching programs. That's why we do coaching calls with students. So they can tell me what they're trading and I can coach them and walk them through and say, you know what, if your account is that big, maybe you're overreaching here, maybe you need to trade more, use your feet, something else. And so we walk you through it so that you don't make that same mistake because I know how painful it can be. I know how you can do every single thing, right and still have it blow up in your face. And so if that's happened to you reach out to us get on the phone with us book a call, we can talk about it, we can tell you what we have to help you. And I think, you know, if we need to, we can even help you figure out how to finance the program. But we'll have to make sure that it's gonna work for you first. And so that's why we get on the phone. And we have to talk to you see what your background is, if you're the right fit for the program, then we will give you an invitation to join. And then if it if need be, we can tell you how to finance it if you have to. But again, that's something that we really don't really push. And we don't encourage you to very much. Just because you're going into debt for something I don't want you to go into debt for. Right, I don't want you to start behind, I want to put the odds in your favor as much as possible. And so when you're dealing with that, you have that extra added pressure. I know what it's like to have a lot of debt. You know, at the worst, I think I had myself I had over $100,000 worth of debt. That's not even including car and mortgage and all that stuff. This was just like credit cards and stuff that I had borrowed from. And it's not easy dealing with debt. It's something it sits on your shoulder every day. And it's a pressure that you feel, you know, you're feeling like Atlas, he was the in the Greek mythology, he was the guy that had to hold up the earth on the back on his back. And that's what it feels like, you know, there's something there on your back all the time, and you feel it. And I don't want you to go through that if you don't have to. So my point here is that I never thought I never talked about this before, I've never really mentioned it pushed it, because it is very risky. But if you need to, if you're the right person, if you feel that you're mature enough, you can handle it, you have a trading plan already that's working, that's consistent. Maybe this is the way to go. And if you need to give us a call, reach out to us help@optiongenius.com is our email. If you want to get on the phone with us, we can explain how we can help you just reach out to us via email and we'll tell you what we can do help@optiongenius.com. Oh, and if you do want to find out about that live event that we might be having, it's optiongenius.com/live. Alright folks, thank you and trade with the odds in your favor. LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/ WATCH THIS FREE TRAINING: https://passivetrading.com JOIN OUR PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance Like our show? Please leave us a review here - even one sentence helps.

I'm thinking about doing a two day live virtual event, we can get together right now because of the current situation. So I was thinking we could do it online and open it up to everybody. The idea is to have two days of content, and collaboration and trading and just talking and sharing a lot of ideas, information and having dialogue back and forth. If you're interested, I haven't firmly decided if I want to do it or not. But we're thinking about doing it in January the 8th and the 9th, it's Friday and a Saturday, it's probably going to be all day for both days. And if you're interested, please go to Option Genius slash live. And you can join the announcement list. Of course right now, I haven't decided to do it yet. So we don't have any of the details. Exactly what we're going to talk about. I've thought of some ideas, but exactly what we're gonna talk about not sure yet. I am planning on inviting a couple speakers. So if you want to be on the announcement list, then go to optiongenius.com/live , just put your name and email address and you'll be on your list there. And then if we do decide to do it, we'll let you know. And we might even let you know on the list. And as for suggestions, like Hey, would you like to learn about this topic or this topic? Would you like to hear from this person or this person, but I do not want this to be a pitch fest. We do have that a lot in the financial industry where they pretend that they're going to give you a lot of information, but all they do is pitch you products over and over and over again. And that's not what this is going to be definitely not at all. So if you're open to that, go check it out. Optiongenius.com/live, put your name and email sign up for the announcement list. You know, you don't lose anything if you do that. Cool. Now, are you sedated? Do you even know what that means? I didn't know Sedated is a medical term. At first I didn't know my wife had explained to me why my wife is a registered nurse. And she likes to watch these medical shows. So you know I'm sitting there watching her with her. And there was this one show where this guy comes into the emergency room and he can't communicate. And he's wildly gesturing and room making noises and all these weird stuff. And the doctors jump on him and say oh is it items an item and they they hit him up with an injection and then eventually, he comes down, he stopped shaking and he's like, are half asleep or something like that, I guess that's what they call sedation, right? Where they give you some type of medicine so that you calm down and you I guess come back to your senses or whatnot. But the thing is that I was thinking about that. And I'm like, you know what, that's the way most people live. If you really think about it, you know, about 80% of people who work for companies are unengaged at work, meaning they're sedated at work. They're not giving 100%. Most small business owners are overwhelmed - either they're doing too much or they don't have enough staff, they don't have enough income to hire the right people, or they can't find the right people or right now, you know, their businesses are so uncertain. They don't know what to do. They're going to open, they're going to close they're going to how are they going to serve their customers so they can have any more customers. And it's very rare to find someone who is actually living life, on their own terms, in a way where they actually enjoy themselves. I mean, I think all through life since when we're born to, you know, when we're adults, we are told to behave in a certain way. We're told to believe a certain thing. We're told to live in a certain way and act a certain way - and I don't think that is helping us. And I think that's why maybe we see record numbers of people going into depression and having mental health issues, record numbers of people not getting along. It seems worse now than I've ever remembered it. And you know, we've had some crazy times I lived through the Cold War. Well, not the Cold War with JFK, but the cold war with Russia and Ronald Reagan - Gorbachev. I lived through that I remember that it was kind of scary. And this seems worse because it's in our own country. People, you know, ready to rip each other apart and why I don't want to get into the politics of it and all that. But the thing is that like when we're born, we're full of energy, and we're happy and we accept everything. And we think everybody loves us because they give us so much attention and encouragement and they're always there for us and they're helping us if we fall down they pick us back up, right? And then as we get older, something starts to happen. And we start hearing the word No, no, no. So many times we start hearing negative things. People are putting us down, people are telling us we're not right. And we're stupid or whatnot. And, oh, you don't look good today, or you don't acting like a right mean, the way you're supposed to act. And it's start sending conflicting signals, like, hey, maybe there's something wrong with me, or maybe I need to conform, then we go to school, it's the same thing. You know, we're told me you gotta properly behave, sit in your desk, do this, do that. Follow the rules. My son, he's 10 years old, and he's learning at home he's doing at home school, he's having trouble with his homework, because he gets a lot of homework, and he has to do it on his own. So up till now, he's done amazing in school, because he knew exactly what to expect. And he knew the rules. He knew how it worked. But now, he's on his own. And there's nobody to watch over him all day long while he's doing. I mean, obviously, my wife is at home or somebody is at home. But nobody's on top of him making sure all of his assignments are getting done on time to time basis. And so he's falling behind. He's not doing assignments, he's, he's goofing off, he'd rather watch TV starting to even lie to us and say, "Yeah, I did my homework" , and then we find out no, it wasn't done at all. That's, I think, what's wrong in today's society, that we are all in a sense, sedated. And we're told what to do, what to behave, what to think, or how to act. And it's really, really insane. One of the things that we are sedated about or is the whole aspect of retirement, right? retirement means that you save up money for the whole life, and then eventually, when you are have enough money, then you can stop working and you can officially retire. And I don't think that's the way it should be at all. It's nothing has nothing to do with how much money you have. It's how much money do you get every month without having to work at it. If you have $10,000 a month coming in, that you don't have to work for, then you don't have to work. Unless your expenses are more than $10,000. You could retire tomorrow, you read a hit song, and you get people paying you license fees for that using that song, then you're done. That's it. It's over. But why do people think that they have to have 1,000,002 million $5 million saved up somewhere invested somewhere so that they can withdraw like 4% a year and live off of that? And that's a requirement? Because that's what we're told to believe? That's the myth that's given to us by wall street? Why do they want that? Why do they want us to believe that? Well, because they get to control the money. The more money they control, the more they charging fees. If you give them 100,000 to invest, that's great. They make a little bit if you give them a million dollars to invest, they make a lot more for doing the same amount of work. Very little work, actually. Right. So it's all about the game. And it's all about the way it is. So if you feel yourself being stated, if you feel that you're not living life to your expectation, if you feel that you're not living up to your purpose, it's up to you to change. A friend of mine was telling me a story. He's like, yeah, you know, I was talking to this guy, and he got a new job. And I'm like, Oh, cool. You know, why do you get a job? He goes, Well, I called him and asked him, Hey, when would you get a new job? because well, you know, I was working at this place didn't really like it. And I'm not a tree. So I left. It makes plenty of sense to me. I've not a tree. So I left. Exactly. I didn't have my you know, I'm not a tree. I don't have roots in the ground. I can make my own decisions as an adult. And I can change. I can change my environment, I can change my situation, I can change what's going on in my life. So what's the point? The point is, you're listening to this podcast, because you want to change, you want things to get better. Your finances can change when you trade options. That's fine. But is that going to change your life to the point where you are no longer sedated, and you're completely happy? That's what you need to work on. So really, the question is, who are you? And if you've never been asked that question, if you never thought about that question, I urge you to take a few minutes. You got the holidays coming up. You have some time off, hopefully. Think about it. Half an hour, hour, whatever it takes. Who are you? Really? No, no, I'm a doctor. I'm a lawyer. I'm this I'm that I'm a father. No. Who are you? If you're who is in your name, you know if your name is John, who is John? Deep down? What does he want? What makes him happy? And then you can start to design the life that you deserve. Cool. That's it for this episode, folks. And remember, if you are interested in being on a list for the live event, please check out: optiongenius.com/live. Take care, trade with the odds in your favor. LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/ WATCH THIS FREE TRAINING: https://passivetrading.com JOIN OUR PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance Like our show? Please leave us a review here - even one sentence helps.

In this episode, Kori takes over the podcast to share the results of her first ever trade and the results. Hi, traders. It's Cory today, for those of you who don't know me, I'm the customer satisfaction manager here at option genius. I handle everything related to well, you guys from customer service, incoming coaching students. I'm talking to you guys today because something really cool happens like really, really, really cool. And I'm super excited. a month or two ago, I started going through the passive trading formula. It took me a while because halfway through the course portion, I decided I wanted to make a workbook for all of you guys to make learning easier. So all your incoming students, you're welcome. But that's beside the point. Let's get to the exciting stuff. My whole life. I've been worried about finances, my parents' finances, my siblings, and especially mine. I don't know why. But I've always been fixated on them. Because of that, it's always been very important to me, that I'm smart with my finances. I don't want to be you know, I can't be in debt, I need to make sure that I have more than enough to cover my expenses. And saving is a huge deal for me, I always want to be sure that I'm making the right decisions financially. So when I first started working at option genius, which was around nine or 10 months ago, I believe I was super excited. Because that way I had the option and the ability to learn firsthand how to trade options. But despite that, I was really scared. So I kept pushing it off farther and farther. Because I didn't want to lose money. I was terrified of losing money, because when it's in my savings, it's safe. Even though I you know, I'd seen Allen trade and I'd watched his account grow as well as our students accounts, I was still super scared. But I knew logically that if I just did it the way I was taught in the end, I would make money. But again, I was scared. But one day I was watching Allen put on a trade and I decided that if I was ever going to learn how to trade it had to be now otherwise I would just keep pushing it off and pushing it off and pushing it off. So when I got home that day, I decided that I was going to go ahead and go through the course right then in there. While I was going through the program, I decided to put on my first options trade using the passive trading formula. I was super nervous. But I followed Allen's formula to a tee, which was obviously the right call, as you'll see later. My favorite part. So I picked one of my watchlist stocks, Disney, I saw that it was going up on the chart and looked like he was going to continue that trend. So I decided to put on a call credit spread. I'm pretty conservative when it comes to risk. So I made sure to choose one with an 85% probability of profit, I had a lot of confidence in the trade. So I went ahead and put on 10 contracts, which made the margin requirement around $5,000. For that spread, I felt so accomplished after that the initial rush of having put on my own trade was amazing. I don't think I've ever felt something like that in my life. I think it was because it was my first real step in my trading journey and something I'd worried I'd mess up for a long time. You know, because I've been thinking about doing this for a while. And that was it was a big leap for me. The first week I was in the trade was pretty nerve racking. I'm just kidding. I was actually really calm through the whole process. Having worked with Allen really helped me see how well the formula works. And it gave me that confidence that I needed to not worry. Am I checked in on the trade around every four days I believe in the beginning it was showing I was down a couple of dollars here and there. And but as the trade kept going, I saw that it kept going up. Like one day was at $10 the next day was up $45. And then last Friday, it was up $585 that's crazy, right? Once I saw how much it was up, it was around 12% I think I decided it was time to exit the trade. Unfortunately, it was after the market closed. So I went ahead and put in the the closing order so that when the market opened on Monday, I would be out I was a little scared doing that. Because what if the market went down over the weekend and my trade ended up not working out. That was a big concern for me. It didn't really matter in the end, because today when I checked my account, I was out of the trade with a 12% profit. I ended up making $600 on that trade, my first ever all by myself no help from out on trade. I was so excited. I just had to share with you guys. Having a winning trade is always great. But having a winning trade. The first time you put one on is amazing. I'm literally jumping up and down right now in my chair. I feel like my confidence in myself has shot through the roof, not just with trading but everything in general, because now I know that I have the skills to be able to trade profitably for the rest of my life. Thank you guys so much for listening. And as Allen always says, trade with the odds in your favor. LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/ WATCH THIS FREE TRAINING: https://passivetrading.com JOIN OUR PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance Like our show? Please leave us a review here - even one sentence helps.