The Option Genius Podcast: Options Trading For Income and Growth

People literally ask me this one question ALL THE TIME… "Allen, how did come up with such a lucrative, safe, and easy way to trade?" I explain it all in my new book Passive Trading, get your free book here https://www.passivetrading.com/free-book! Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that's exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer. -- I don't know too many people that would not like to have more money, do you? But I do know a lot of people that want a lot more money, and even more people that don't have much money. When it comes to trading and investing, well, if you want to do it, you've got to have money, right? Well, kind of. There are ways to get into investing with no money, and that is what this episode is all about. Join me as I give you 2 Case Studies of gentlemen that got recently got me to invest with them. One of them had limited capital, the other had none at all. But I and others still handed them thousands of dollars to invest for us. Learn the tricks they used and how you can use the same methods to get you started when you have no capital to trade. OptionGenius.com -- 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.

People literally ask me this one question ALL THE TIME… "Allen, how did come up with such a lucrative, safe, and easy way to trade?" I explain it all in my new book Passive Trading, get your free book here https://www.passivetrading.com/free-book! Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that's exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer. -- Buenos dias genius nation, como estas. How you doing? This episode we're going to call it The Ultimate Options Trading Strategy. Really what I wanted to do is I want to talk about option strategies and which one is the best. I got the idea for this episode thanks to a couple guys on the Options Traders Alliance Group which is our free Facebook group. If you want information about that just search on Facebook for Option Traders Alliance or look in the show notes, we'll have a link to it there. Thanks to Dan Gibson and Ken Gilstrup for that. From what I could tell, these guys they were just, one of them asked a question, the other one responding, just a couple guys. They're on the lower end of the option continuum, a couple of lower traders just looking for some kind of direction. If you don't know what the option continuum is or where you are on the continuum, you can check out Episode 21 and hear all about it. It's a great question, which is the best option strategy, because when it comes to selling options there are well over a dozen strategies that you can use. You've heard all the names, all the crazy names, some of them; the iron condor, the credit spread, the calendar spread which is also the time spread, the butterfly, then there's the iron butterfly, and then there's the broken wing butterfly, there's the covered claw which can also be called the buy right. There are naked options so there's naked puts, naked calls, the straddle, the strangle, the ratio, the back spread, the box, the bag, the double diagonal, on and on and on, and that's just to name a few. Then, each of these strategies can be manipulated so that there are unlimited variations. You have, let's say the iron condor. You have the, some people call it the high probability iron condor and then there's the low probability iron condor. Then, there's the unbalanced condor, and then there's, some people have been calling it the weirdor which is like a mix of the iron condor and the butterfly together. There's so many different strategies out there. The question becomes which one is the best, which one do I trade because you can't do all of them, you'd be crazy. It would take you decades and decades to actually learn all of them and become good at any of them really. If you're a new trader and you just want to quickly get up to speed which is the easiest, the fastest, the most money making, that's what we need to know. Before I tell you the answer I want to talk about Simon. You see, Simon was a lot like you. He was trying to figure out all this trading stuff and he had tried all the different techniques, different types of trading, and he was pretty fed up. When you spend lots of money on courses, when you spend hours and hours learning about Greeks, and probabilities, and volatility, and all that stuff and you still cannot make it work you get pretty upset, am I right? You guys know what I'm talking about because you've probably done the same things; taking courses, watching videos, listening to podcasts like this one, I know there's a whole bunch of them out there because none of them give you the secret and then you get really, really upset about it. You just want the answer, why don't they just give you the answer. Boy, I wish it was that easy. For Simon, by the time our paths had crossed he had spent close to three years learning about options. In fact, he was much more knowledgeable about certain aspects of options than I was. To this day, honestly, maybe I shouldn't say this but to this day if you ask me to describe to you what Gamma is I don't think I could. I know it's important, I know it's one of the Greeks, and there's ... I know what it is, in my head I can, I just can't put it down on paper. I'd have to look it up and look for the ways to explain it, I'd have to show you on a screen. I couldn't just simply tell you what it is but Simon, he can do that. Simon knows all the differences, what is implied vs historical volatility and what the numbers should be, and how to set up the different probabilities. He knows all about that stuff because he spent all that time learning about it because that's what he though was the answer. The more he learned the more complicated he made his trading, the more complicated he made his trades, the more intricate. He added in different indicators, some that nobody's ever heard of before. He added in all these rules. He added all this other stuff to make his trading better, to give him a better edge. That makes sense, when you think about it. You take a strategy and you improve it, you put your own spin on it, you craft it so that it works better. Then when you come up with something that you think is awesome you back test it over and over and over again. If you can't do that then you do paper trading and you have to do it hundreds of times. If you can't do that, if you don't want to do that, then you have to use real money to test it and hopefully it works. Usually though it doesn't and then you end up back on the drawing board. I remember when I first got started I wanted one simple trade that I could do month after month after month like the holy grail. I found ... I really like butterflies so I tried to do a butterfly on McDonald's, and I came up with some rules and then I started back testing it. I think I back tested it for four years, month after month after month after money after month, say about 40, 50 trades, whatever that is, 4 x 12, 48 trades. It was profitable and I was ecstatic. "Oh man, this is awesome, this is going to be so awesome." Then I did it with real money and I ended up losing, I don't know how many, I think it was $8,000 really quickly. That's what Simon was doing as well and for him it wasn't working, and that's when he came to me. That was his main question. He's like, "Allen, I know so much but I still can't make it work. Am I doing something wrong or does this stuff just not work? Please Allen, tell me that all my hours and years of trying to learn this stuff has not been in vain because my brain is just going to explode, I can't take it anymore. My self-confidence is in the gutter but I know so much about options, I know more about the people who write these option books, I could probably teach a college course on options. Allen, please help me." Well I got to tell you, if this stuff didn't work, this job option stuff didn't work, I would be flat broke. I can say, for those of you who are still skeptical, that yes, yes it does, in fact, does work. I can point out to dozens, and hundreds, and even thousands of people who have made it work and who it's working for. The problem ... If it's not the trading then maybe the problem's with Simon. It's either the trading work or the person doesn't work. Well, the person was Simon and the problem was not Simon either. The problem was all the nonsense that we as traders and learning traders get bombarded with every single day. We get bombarded on the financial media, we get bombarded in our emails. We get bombarded on Facebook, and Twitter, and all over social media. The ads are all over the place and all the ads are people pretending that they are amazing traders making oodles and oodles of money, and the only way to get the same results is to pay them to teach us what they're doing, that's the only way to do it. It's the magic bullet, it's the new thing. There's this new trading system or this new indicator or there's this new chart pattern or this new whatever that we have to pay to learn how to use so that we can also become wonderfully rich and super successful. It's like everybody else out there is so smart, and rich, and successful but we are not. No matter what we try it doesn't work, am I right? Do you feel that frustration? Have you been through this or am I by myself? I don't think, I'm not by myself because we get emails every day from people. Ken and Dan were talking about this same exact thing in the group today so you know what I'm talking about. Here is what you need to do, here is how you overcome this. You stop listening to the noise, stop believing all the crap. Go back to the basics, back to the fundamentals. The truth is that every single strategy that I mentioned earlier works. There are people out there making money with each one so you can make money if you only trade covered calls. Yes you can, you can be profitable consistently if you only trade covered calls. You can do the same thing if you only do strangles. You can do the same thing if you only do ratio spreads, and on, and on, and on. You don't need to be a master in everything, you don't need to understand 14 different ways to adjust your trade, you only need one strategy and that's the answer, that is the ultimate strategy. That's the best strategy, it's the one that you choose, the one that makes the most sense to you. There are lots of different strategies out there because they have different uses, that's true. Once you become a very advanced trader, once you are on the upper end of the continuum if you're on level nine or level 10 and you are already consistently making money then yes, go into the other strategies. Until then, you stick to the one strategy that makes the most sense to you, that's the one you start with or for many of you that's the one you re-start with. That is the one you keep doing until you figure it out because that's what I had Simon do. We identified together out of all the different strategies he preferred to trade credit spreads so that is what he focused on. That's what his time on to figure out. He spent time on figuring out the best way to enter a credit spread, he tested dozens of ways to adjust, and then he tested exit strategies, a whole host of different exit strategies. Eventually, he discovered the best way to trade credit spreads that worked for him. Now, maybe his way won't work for you but that's okay with him because it works for him. That is all he does now, he only does credit spreads. He doesn't bother with iron condors or naked puts, he only does the spreads, the credit spreads his way. He has molded the strategy so that now he calls them layup spreads. A layup spread basically is a credit spread but with Simon's special magic, his method to enter, to manage, and to exit. If you want more information about the layup spread and why they work so amazingly well you can do so at simonsaysoptions.com. Now, I hope this makes sense to you. The best strategy is the one that makes the most sense to you and the best way to learn how to trade is to just focus on it until it works for you. Now, it might get boring, it might get repetitious, it might get monotonous, yes maybe but that's still what you need to do. I know we think that trading is all sexy and high flying and buy this, sell that, do this, do that. The reality is, if you trade well most of it is extremely boring and then there are certain pockets of craziness but most of your trading should be boring. If you are consistently making money then you know what I'm talking about. If you're flying by the seat of your pants, and if you're putting on dozens and dozens of trades, all different types, all different strategies on all different stocks that you never even heard of before because the chart looks good, then you are in for a very wild ride and so is your account balance. With our account balance what do we want? Do we want up and down roller coasters? No, we want slow and steady increase. In order to have that you have to be trading in a way that is actually boring because you know what you're doing, that's why it's boring. You've mastered it, because you've excelled at it. The alternative is to do what you're doing right now jumping around from strategy to strategy. I know what you thinking. Say, "Hey Allen, what about diversification, don't I need to diversify? If I have maybe some earnings trades over here or maybe I have some naked calls over here or maybe I have some box spreads over here." Yeah, you should diversify if you have an account that is well over six figures and you are already consistent and profitable. That's it right there. If you are over six figures, and I'm talking about mid-six figures; $400,000, $500,000, more than that, and you are already consistent and profitable then you can diversify as much as you want. If you're on the top end of the continuum, level's nine, level 10, then you are making money so you are going to stick with what you know automatically. You're going to go to the bread and butter and you're going to do those every month or every week or whatever your timeframe is. Then with a little bit of extra cash you're going to try other stuff. That's the smart way to do it. If you don't have over six figures, if you're not consistent, if you're not profitable already, then forget about diversification. Until you can make money with one strategy month after month, trade after trade. You have to be consistently profitable before you add another strategy to your arsenal, are you getting this? Is this sinking in? Yes? Hope so. Anybody that tells you otherwise is full of it and probably just wants to sell you something, that's the truth. Stop all the noise, stop listening, stop jumping around, because the noise is there, the offers will always be there. If it's not options it'll be Bitcoin. If it's not Bitcoin it's going to be marijuana stocks. If it's not marijuana stocks it's going to be sports betting, that's the newest thing that's going to come on, right? The Supreme Court just announced on Monday that states can now make it legal to bet on sports. Well, guess what? There's going to be stocks on sports betting and they might even have options on sports and betting and all this stuff. Who knows what they're going to come out with in future? That's going to be the new hottest thing. If you keep jumping from one to another, to the another, to the another, you're never going to get good at anything, you're never going to be profitable, you're never going to be consistent. Go back to the basics, back to the fundamentals. Choose one strategy and work on it until you know it inside out and you are profitable because that is the name of the game, that is the goal. That is the only thing that matters. I don't care what strategy you use, I don't care how you do it, I don't care when you do it. If you are profitable you are winning. That's the only way to know if you are winning, I don't care how much you know. I don't care if you know more than me, I don't know if you know more history than me, I don't care if you know more math than me, more about statistics, more about options, more about everything. If you are not profitable it doesn't matter so go back to the fundamentals, go back to the basics, one strategy. You focus on it, you work on it, you back test it, you paper trade it, you real money trade it until you are profitable. That's it, that's the answer. Now, if you can't figure it out, if you already tried, you tried your best and you can't do it, then reach out to me, maybe I can point you in the right direction. Maybe I can work with you like I did with Simon and we can identify what it was that works best for you or that makes the most sense for you, and then how to actually implement it. In the beginning you don't need complicated stuff, you don't need complicated indicators. You don't need complicated chart patterns, you need a strategy that you understand, that makes sense to you and you need to do it in a way where you can explain it to the third grader. Then if you can do that then you tweak it. Then you work on it. Then you look at, like Simon did, you look at the entrance of the trade, you look at the management of the trade, you look at the exit of the trade, and then you improve your percentages. That's how it works. Right now, Simon, like I said, he's only doing one strategy and, yes, he is well over six figures in his trading account. That's okay, it doesn't matter. He doesn't need to be doing anything else. I know people who only do one iron condor every single month. They do it on the same underlying, they do it on an index, and they trade literally over $100,000 worth of one iron condor every month. That's the entire trade, that's the whole strategy, one iron condor, six figures in that condor, every month. I hope this makes sense, I hope this is sinking in. I hope you got to this this. Then finally, no matter which strategy you choose, whether it's the condor, the credit spread, the ratio, the butterfly, I don't care what it is, whatever it is, no matter which one you choose make sure that the odds are in your favor. Peace. Resources mentioned in this episode: Option Traders Alliance Facebook Group SimonSaysOptions.com Podcast – Episode 021- The Option Continuum -- 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.

People literally ask me this one question ALL THE TIME… "Allen, how did come up with such a lucrative, safe, and easy way to trade?" I explain it all in my new book Passive Trading, get your free book here https://www.passivetrading.com/free-book! Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that's exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer. -- This is the episode all credit spread traders MUST listen to. Jeremiah placed a credit spread trade with the max loss of a little less than $500. This was the 35/30 put spread on DBZT. Potential ROI was 19% in 10 days. The stock closed on expiration day at $47.80. So the trade is a wild winner, right? Then why did Jeremiah lose $1,250? That is more than the max loss! What is going on here? And this can happen on any credit spread you sell. Listen in to learn exactly what happened and how you can keep it from happening to you. www.optiongenius.com -- 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.

People literally ask me this one question ALL THE TIME… "Allen, how did come up with such a lucrative, safe, and easy way to trade?" I explain it all in my new book Passive Trading, get your free book here https://www.passivetrading.com/free-book! Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that's exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer. -- I still remember when I first learned about options, so many years ago. My father, who is an infomercial and a get-rich-quick junkie, had gone to some free, two-hour options seminar in some hotel. You might have seen these commercials on TV, where they come to your town, and they have different hotels where they have two-hour free seminars where they teach you how to get rich with options. They're supposed to teach you how to get rich with options, but instead, it's basically a sales pitch for a much high-priced seminar. He went to this two-hour thing, and he came home $5000 lighter, because he spent it on a seminar that they were doing that weekend. Lucky enough for me, he was allowed to bring someone along, and so I got drafted. It wasn't really a choice. You know, I guess that's one of the benefits of being an only child. We went to the seminar. We were excited. I was like, "Okay, this might work. We might make some money out of it. Hopefully it's good." A lot of the stuff that they talked about was really cool, first time ever hearing about puts and calls and all this different terminology, and it was exciting. I mean, they taught us what a chart was. They taught us what an indicator was, that you could make money in stocks and options by just reading and doing what the indicators told you to do. I mean, I was like, "Whoa, this is so simple. Holy cow!" When you get three green arrows, that means that three indicators are all bullish, and you buy. It was that simple. You get three green arrows on their software, you buy, and then you hold it until you get three red arrows, meaning that all three of the indicators were bearish. I mean, that's pretty easy, right? Heck, yeah, we were going to make millions. That's all we had to do, just look at the charts, and keep looking at different charts until you see three green arrows. That's the stock you buy, or options, you call options on that, and then you get out when you get the three red arrows. That's all you have to do. My father and I fell for it, hook, line, and sinker. I mean, "Great job, Dad! Awesome! Whoo-hoo! That's the best $5000 you ever spent! All right, we're going to make millions!" Now, I didn't have any money at that time, because I was still, I don't remember how old. I was pretty young, but my dad ... He's the get-rich-quick junkie, so he's been to these type of seminars before, and unfortunately, he brought all the credit cards with him that still had some balances on them. Now, I wish he had not done that, but he did. He brought them, and so he spent more money at the seminar. He bought some software. He bought some video courses that they had. They had other stuff, other seminars you could take. I don't remember exactly what package he bought, but it wasn't until the second day that the instructors really laid it on us. I mean, that was when the pitch for coaching really got started. They kept telling us over and over again that if you really wanted to be good at training, you couldn't learn it in a two-day seminar. They can give you some basics. They can give you some stuff to go home and try, but if you really, really wanted to get good at trading, then you would have to have a coach work with you, one-to-one basis, because then the coach could tell you what you did right, what you did wrong, give you some ideas, let you look over their shoulder. For that reason, you've got to have a coach, right? All the greatest athletes, Michael Jordan, Tiger Woods, all these guys, they have coaches, right? Yeah, so you need a coach, too, because that's where they taught the really good stuff. In the seminar they couldn't teach you everything, but all the top secret stuff ... That's what was taught in the coaching program. What was the cost of this amazing, wonderful, super, can't-live-without coaching program? Well, they were going to give us a great deal. They were, because we were they're real good customers. We had spent two days with them. They were our friends now. We were talking to them during the break and everything. We were telling stories, and laughing at their jokes, so they had to give us a great deal, right? They were only going to charge us $30,000 for six months of coaching, but we had to act quickly, because they only had a limited number of spots, right? They couldn't take everybody, because their time was limited. There were four instructors there that weekend, and so we could pick whichever one we wanted as our coach and go in the back room, pay the $30,000, and then they would set you up with one of the coaches. I was like, wow! Whew! Can you believe that? For just the price of a car, you can get coached by a real trader, a real trader that's making money in the markets. At that point, it didn't dawn on me that this real trader, if he was doing so well, why the heck was he pitching coaching in seminars on the weekend? Why was he flying halfway around the country every weekend to do this seminar to pitch coaching. At that point it didn't dawn on me. It later did, but thank God my dad did not have the $30,000. Oh, my God, I can't imagine what would've happened if he did. I mean, after spending all his money on the seminar, which, basically, all the stuff that they taught us was basic introduction to options trading stuff. The software they gave us, the home study course. Luckily my dad didn't have any money left to trade. I mean, that's the funny part about it. We spent $5000 on the seminar. We spent several thousand more dollars on the software and the video and whatever else there was. At the end, there was no money left to trade, so we didn't get the $30,000 coaching program, thank God, but we couldn't really use the stuff that we learned anyway, to see if it was actually good or not. -- 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.

People literally ask me this one question ALL THE TIME… "Allen, how did come up with such a lucrative, safe, and easy way to trade?" I explain it all in my new book Passive Trading, get your free book here https://www.passivetrading.com/free-book! Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that's exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer. -- Life insurance. Its something we all should have. And there are different types. 2 main groups… Term where you pay an amount very month and for a certain amount of time, if you die the insurer will pay off your family. So here you are basically betting against the insurance company that you are going to die. Wait… you pay money to create a contract…the contract has an expiration date…and if you don't die before the deadline…the contract expires and the insurer keeps all the money….what does that sound like? That is exactly like selling an option. Except the insurance company is the option seller and you are the buyer. Hmmm but I digress. And then there is cash value insurance. Whole, variable, universal. Etc. So back in 2005 things were looking up for me. Just got married, my first real job, wife was a nurse, and so I was looking for an investment…(wasn't trading at that time) I stumbled upon life insurance and dug deep reading multiple volumes on the topic. And found that it has some awesome benefits. The money in the account grows tax free. You can withdraw the money tax free (as a loan) Creditors /lawsuits cannot touch it (OJ Simpson) The death benefit when you die is tax free Download the podcast for more details.... Links: OptionGenius.com/Map -- 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.

People literally ask me this one question ALL THE TIME… "Allen, how did come up with such a lucrative, safe, and easy way to trade?" I explain it all in my new book Passive Trading, get your free book here https://www.passivetrading.com/free-book! Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that's exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer. -- Hey there, Genius Nation. I want to ask you a question. What are some of the best times of your life? Can you think of any? I guess it really depends on how old you are, right? If you're younger, maybe the best time that you can remember was when you got your driver's license and you went out for your first drive, right? Or maybe when you graduated high school, maybe when you graduated college. If you're a little bit older, you probably remember the best day of your life was probably when you got married or you had a kid. If you're a little bit older, maybe the day that you actually retired or started your own business or something like that. How did that make you feel? We have those memories, we had these awesome experiences. Why are they awesome? Because the feelings that we had, when that happened, when that occurred and that's what we remember, that's the power of the feeling. How amazing was that feeling? Pretty good right? Pretty high, it's like you were on drugs right? I remember when I got married, that's the happiest day I've ever had. I was just super high. The world could have been crashing down burning, but I was so happy, nothing would bother me. Nothing could have touched me. I mean literally you're high on drugs kind of thing. Have you ever felt that way about money before? Because I know with money, if you don't have it, it's stressful. If you have it, it can be stressful, you know? The more you have, the more security you got to take, and the more you got to worry about investments and you worry about this and keeping it and getting not ripped off and it can be a very stressful thing, but have you ever had an amazing, awesome, awesome, awesome feeling about money? Most people don't. That's what this episode is about, because I want to tell you about the most amazing feeling that you can have when it comes to money. For that, I need to tell you a story... -- 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.

People literally ask me this one question ALL THE TIME… "Allen, how did come up with such a lucrative, safe, and easy way to trade?" I explain it all in my new book Passive Trading, get your free book here https://www.passivetrading.com/free-book! Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that's exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer. -- Okay so in this episode, I'm going to be doing things a little bit different because this is going to be a video and an audio podcast because I do have some graphics to share. Now, if you are listening to the audio and you want to watch the video, you can do that at www.optiongenius.com/continuum. So I want to start with a couple of questions. Number one, how long have you been trading options? And number two, in one word, how would you describe your proficiency of trading options. So in other words, what level trader are you? Kind of gets confusing, right? Sometimes. Because you don't know exactly. I ask this because it's super important to know where you are before you can make any progress. You have to know where you are so you can make the necessary correct improvements and even know what needs to be improved in the first place. Because in most areas of life, this is what's called a benchmark, right? So, if you know where you are now and you know they'll you want to get to, then it becomes pretty easy to get there. You can make a plan and you can just follow step by step by step and get there. No big deal. You just work on the skills that you need at the next level. But in trading, nobody ever talks about this, you know? There's no set criteria, there's no levels, there's no advancement. You know, even in college, you go to college you say, "Oh yeah, you're in college. Oh yeah, what year are you?" "Oh I'm a freshman, I'm a junior, I'm a senior." You know where you are, you know what you have to do to get to the next level and you know how many levels there are so, you know when you're gonna finish. In trading, we don't have this so, you hear terms like, "Oh, I'm new to options." Okay, what does that mean exactly, you know? Did you just start trading yesterday? Have you been trading for three months but you're not very good, or you're not confident in it? Who knows? Or, "Hey, I'm an advanced trader." What does that mean? Are you making money? Do you know 15 different strategies and 12 different adjustments for each one? Does that make you an advanced trader, you know? Or maybe you've just been doing it and losing money for the last 20 years trading options. Maybe that makes you an advanced trader. Or maybe you've been to 15 different seminars and you know all the lingo but you've never done trade in your life. Does that make you an advanced trader? Nobody knows, right? Because at Option Genius, we get emails about this all the time. We get people who want to know what course or membership that they should join and some of them, not all of them, but some of them try to make it easy on us by giving us a little background on themselves. But it's almost never enough. No we are not licensed financial people so we cannot give personal advice, right? But if a product is wrong, one of our products is wrong for you, we'll tell you, "Hey, you know, this is not for you based on what you told us." The problem is that we don't know these people well enough and we've never had a way to characterize them. For example, an email might come to us, might be something like this, says, "Hi, I've been trading options for three years and I really like your weekly trading system site." For example. "I'm retired and I have $20,000 to work with. Would this be the best product for me?" And to be honest, really, I have no idea. The email says he's been trading for three years but trading what? What strategy? Was he profitable? Was he not? Does he really understand it or not? Why does he want to jump into weekly options? Has he been doing monthly options, he been doing leaps? I don't know. You know? I mean we can go back and forth, emailing back and forth just to try to figure it out. So, I think you can see my conundrum, okay? No I mean, is someone who is only a covered call trader, is he a basic options trader? And someone who knows, for example, ratio spreads, are they an advanced trader? Well what if the covered call guy makes a lot more money than the ratio trader? Now who's the more advanced trader, you know? It's kind of confusing. So, I decided to sit down and end all this confusion. So I have come up with what I call the, "Option Continuum," basically, it's a scale, which you can easily tell what level you are at in your trading. And once you know your level, you can decide what level you want to move to and then you start working on those specific skills to improve. Now, everybody does not need to know every strategy to do well, okay? That's up to you. You could get to the top of the continuum, the end of the continuum and only know one strategy and just one way to trading. It is possible. Or you could say, "You know, I need to know five different strategies in case one doesn't work or the market changes or whatnot and I need to know five strategies and be good at them in order for me to get to the top." That's fine, you know? But I don't think that you need to know every single strategy. Nor do you need to understand say 20 different technical indicators, you don't. So the continuum will help you in many ways including, this is a big one, not jumping at the next shiny object that comes your way. And I think you know what you're talking about because I know how it is, I get them too. The daily emails touting the newest, the coolest, the most profitable trading strategy that's gonna make me millions, right? I get pitched ten of those a day if not more. But once you know what level you are at, you will be able to determine what you need next and eliminate all the other noise so that you stop jumping from one course to the next, from one guru to the next. Because that ride never stops, it's like a merry-go-round. Once you get on the merry-go-round, they keep pitching you more stuff and more stuff and more stuff. And if you're done with one guru's stuff, that guru will pitch you stuff from someone else and it just continues in a circle, on and on and on, you never get off that ride. -- 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.

People literally ask me this one question ALL THE TIME… "Allen, how did come up with such a lucrative, safe, and easy way to trade?" I explain it all in my new book Passive Trading, get your free book here https://www.passivetrading.com/free-book! Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that's exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer. -- How do we overcome our fears of making a decision and sticking with it and having faith in it and certainty. The truth is whenever you look at the human dynamic of decision making we're going to base our decision on getting our needs met. Every single one of us, if we look at what you're choosing to wearing today, where you live, what career you have. How you're in relationship with certain people and not in relationship with other people at this point in your life. What grocery store you shop at. What foods you eat. What TV shows you watch, all of them are being decided based on our human needs matrix. I'm gonna quickly give you the six human needs and from that I wanna tell you the one that, what you know and maybe you remember as the five C's and how those lay on top. So the six human needs, certainty, uncertainty, significance, love and connection, growth, and contribution. Now, those six human needs are dictating every single one of our decisions. For somebody who's fearing a decision what I know for certain is that they are stuck in certainty. I want to know that whenever I'm going to invest this time, this money, this attention towards something, that I'm gonna get a payback. And so, if we've got an expectation that's already creating a stuck vibration inside of our ability to make a decision because we're basing what we're gonna do now on something that hasn't even happened yet and we're wanting it to work out. I can completely understand whenever we want to invest our money, we want to have some understanding of a measurement that we're not gonna make poor decisions, bad decisions. We're gonna do it whenever we think our money's gonna be invested wisely and make more money. I know. I do it too. However, we can't predict the future, especially in America. So what do we do? We base things on as much information as we can possible predict right now, but not too much. If we go on too much, it's gonna create instability and panic, anxiety inside of us. So, take the two or three markers that you trust. Two or three markers that you're looking at and say I can see that. That's going to work and as along as I have this level of certainty I can make this amount of decision and move forward. Measure often, especially when it comes to money in the marketplace. You do this with your students and with the people that follow your program. Measure often. We've gotta measure. Don't just invest and then hope. I said don't be high on hopium. If somebody's high on hopium they're gonna set themselves up for failure. We've gotta participate. We've gotta show up. We've gotta do what we're being taught and apply those things because if we don't at the end of the day we're gonna regret. We're gonna, I know I should have done that. I was supposed to do that. Damn it I didn't do that. So if we have regret, remorse, fear, depression anything like that, it's just gonna compound on top of each other. Listen to the episode to get more guidance and step by step help... References: Tina Marie's website: www.TinaMarie.com Podcast: UnleashYourExtraordinary.com Abolish! - Friday March 23rd -- 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.

People literally ask me this one question ALL THE TIME… "Allen, how did come up with such a lucrative, safe, and easy way to trade?" I explain it all in my new book Passive Trading, get your free book here https://www.passivetrading.com/free-book! Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that's exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer. -- Michael's story is one that we can all relate to because Michael has done what we all dream about which is basically to take the family and the kids, put them in an RV and travel the world. And basically Mike has ... he's been involved with dividends for a while, and so he had his website up which I was following him on his website, and then when he decided to travel all of the North America and South America, I reached out to him, I said, "Hey when you get to Houston or if you get to Houston, look me up, and we'll get together and we meet." So I was able to meet Mike and the family, they stayed with us and it's a wonderful story, so I wanted to bring Mike on. In this episode Mike shares how he was able to take the family all around North and South America - what where his favorite spots, his tips for travelers, how they handled school and a lot more. Many traders tell me that their #1 dream is to travel. Mike made it happen. He did not wait until "retirement" or until the kids are "a little older to remember everything". He did it now. And now is the best time. So check out how he did it. Resources mentioned: Dividend Stocks Rock https://www.dividendstocksrock.com/optiongenius -- 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.

People literally ask me this one question ALL THE TIME… "Allen, how did come up with such a lucrative, safe, and easy way to trade?" I explain it all in my new book Passive Trading, get your free book here https://www.passivetrading.com/free-book! Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that's exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer. -- After 50 years of doing it "the way, you are supposed to do it" Mike's financial planner told him he did not have enough money to retire on time. And there was nothing he could do about it. So Mike took things into his own hands, and decided to trade in his spare time. In the past three years Mike has been successful enough to not only retire on time, but retire EARLY if he chooses to. Or, pretty soon, he will be making enough from his trading to equal his salary as a college professor, and so he will be able to trade in retirement and not have to touch any of his retirement accounts. As he says... "But basically as far as an outlook on the future from doing this trading, if my future performance continues to match the past results which, of course, there's no guarantee of that there should be no question. I should not only be able to last as long as they predict I'm going to live, but I should be able to replace my entire working income by the time I retirement. I shouldn't even have to touch any of the IRA the 401, the social security, whatever. Obviously when I get eligible Social Security I'm not going to turn it down. But nonetheless, what I'm saying is that, you know, if the performance continues then within a few years I should be able to easily and more replace my entire income." Listen to the whole episode to hear exactly how Mike turned the tables and the trading strategy he used to change his destiny. -- 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.