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. -- Question, big question for you, so what age do you want to retire? You probably have an answer in mind, right? What is it, like 50, 60, 65, today, tomorrow, you know? Well, what is it? When do you wanna do it? Because for most people, the age just keeps creeping higher and higher and it's scary really. Everything, you have these articles coming out always, people are now retiring, people don't have money when they retire. Back in the day you worked 20 years, you get a pension, you get a gold watch and you're done. Woo-hoo. Then if you want to, you can go back and get another job because you're still not that old or you could just leave up your retirement, live off your savings or whatever, social security. You have a good retirement. Back in the golden days when the old people actually got to not have to work at McDonald's. But then today the age is just going higher and higher. First it was work 20 years, get a pension. Then it was 55 was a good age to retire, then it was 60, then 62. Now the typical American retires at age 63 and it just keeps getting longer and longer. A few years from now they'll be like, "Well, you've got to wait till 65, 66, 67." Yes, I know we're living a little bit longer, but that doesn't mean that we should use those extra years that we're getting to be working, because those extra years that we're getting, we might be getting them, it doesn't mean we're going to be in the best of health. So the time that we're spending is going to be in poor health as retirement age. That tells me just the way people think about retirement is completely off to me. The fact that they look at work as so horrible and then retirement is so amazing. Recently I had a deadline that I wanted to get a calendar for, the kind of calendar, not a calendar but it would be like a countdown. So it was like a one year to this particular goal that I wanted, and I wanted something on my desk where every year it would tell me okay, you've got 365 days left. Then you would tear off the page and it would be like you've got 364 days left. I wanted a countdown calendar like that. Really couldn't find anything online, but they do have these retirement calendars, so if you have a year left to retirement, that's the one I got. It was a year left to retirement so it's this big thick calendar, sheets, 365 sheets. Then in big black letters it tells you retirement days left and it gives you the big number. I just used it for the number, but on the bottom it has all these quotes I guess to keep you motivated or just to be funny. It has all these funny things like, "Fifty days left till freedom." "Seventy days left till your time is your own." Here's a funny one, "The heck with adulthood. Time to start acting like a kid again." You know? That's what people think about. The way it's worded is like work is so horrible and evil and retirement is going to be so grand and wonderful. Well, not if you can't afford it like most people can't, you know? It's not going to be all that. I just read this article by this financial adviser Suze Orman who says that you should not even, you shouldn't even retire at 63 when the average person retires. You should wait much longer than that. You've probably seen Suze Orman. She's got, I mean she's older. I don't know how old she is, but she's got this colored hair, dyed I guess it's blond with blackish roots or something like that. She does a great job getting on TV and she has dozens of books out there, kits, courses and other products about financial planning. Every once in a while she'll do a special on PBS talking about how to retire and whatnot. She has this show, you might have seen it, it's late night, people call her and ask her if they can afford certain purchases. There will the guy that's like, "Hey you know, I've got $10,000 in the bank, but I want to go buy a boat and I'm 60-years-old." No. She'll be yelling at him like, "No, you can't do that. You have to take that money and put it in a mutual fund," stuff like that. There was the one time where this lady called and she was asking if she could afford to buy a $300 purse. Suze Orman is asking her all these questions. Turns out that this lady has $12,000 of credit card debt that she hasn't paid off in years. She still wants to spend $300 on a purse. Yeah, so those are the math wizards that Suze helps, you know? What age do you think Suze wants you to retire? Listen to the episode to find out. What to Learn How To Sell Options? Get Our Free Course at - 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. -- Dale Hefner is a 81 year old retired business owner in Amarillo Texas. He has fun spending time with his wife, going into town, and trading options. Listen in as he shares how he turned a $4,000 account into $21,000 - a $17,000 gain in just 12 months! Allen: So, 2011 that was the Option Genius that you signed up with? Dale: Yes. I was originally started and I started doing spreads following you on the Rut, SPX, ETF's, and during the Iron Condors and the spread. Didn't do as many Iron Condors as you were doing, but I did do some. And then I went to doing the spreads and I had good luck of spreads, but I had many, many spreads back then and still do and I had been exposed to the oil field industry some years back and I started looking at that and then all the sudden out of the clear blue you, you announced that you were going to start Blank Check Traders and I was elated when you did. I thought, well, this-this is going to be right down my alley and you haven't let me down or any of your students from the way I can read on the Facebook page. Allen: Yeah, well we try not to [laughing]. So, do you do this, you're still working or your full time trading or how long, how many, how long does it take? Dale: I'm more or less, well, I guess you could call it full-time, I have nothing other than that to do that pays. Allen: [laughing]. Dale: And, I probably make three to four trades a month. I think last year I made a total of 30-31 trades and after I took my losses off of some of the trades I made I think I made it about $17,000. Allen: But like… So, Dale, but how long… how long does it take you to do the trading in time wise? Dale: Well, I don't I try not to stay in a trade over 20 days if I can. Allen: Okay. No, but I'm talking like in a minute. Does it take you two hours a day? Four hours a day? Dale: Oh. No. My gosh no. Uh, you know I'll get up, I'm an early riser, I get up at 5:30/6:00 o'clock, I have my coffee, then when the market opens I've already got my screen up. My think or swim platform up, maybe read up on fundamentals, things of that nature then, uh, then I start watching the market and if it looks pretty non volatile I may go into town, spend some time there, I may go over to my old business office and spend some time there and then that afternoon I might check it and see if I need to make an adjustment or get out. Dale: I'd say if I spent a total of an hour a day that-that would be, uh, probably extravagant. Allen: Okay. Alright. And I do have a personal question for you because I know that we get a lot of folks who are retired or looking to retire soon and I often get this comment from a lot of people that, you know, "Hey Allen I'm in my 60's" or "Allen, I'm, you know, I'm close to 70 and I just don't have, I don't know if I'm going to be able to learn something new. It's going to be complicated, I've never done this type of trading before." What-what would you say to that. Dale: Well, you just almost to the verbatim said some things that some of my friends and associates that I know ask me. They said how are you doing retiring what you are doing with yourself. And I get around to tell them that, you know, that I met you on the internet a long time ago back in '11 and that I'm selling options and that intrigues them and then I get to tell in them about it, then you can see some of them get impressed about it and some of them get very skeptical and you said it well, I don't know if I can learn it and I just tell them, frankly, what is there to learn, really? I said, hell, you can spend a few hundred bucks and I can put you on to a young man that if you follow his advice and follow his webinars and you can follow hiss trades along with it, you know, if you want to go with ETF's or Indexes or whatever, but I said I'll just… I've made it my goal to learn the commodities market. I love it and that's why I've told you in the past in past conversations that I feel like I've met my that I've found my niche. I'm 78 years old, I don't have to make a lot of money, but it sure is nice to have a 25, 30m $45,000 or more coming in. Dale: And for people… and for people that get bored during the day I think it would be, you know, there's times that I come here and look and if it's snowing outside or bad weather outside, this is a contradiction maybe, but if I got my screen up I'll come in and check it once every hour. Just for something to do, it gives me something to do. Allen: [laughing] Yep. Well, I mean if you're making that much and the time you're spending on it, you know, per hour you're doing pretty well, so, you know… Dale: I'll put it this way, had I known that it was like this and that I could, find someone like you that could explain it in terms that I understood, without making it, uh, you know, sound like it was, you know like some people they bring the Greeks into it and all that. Well, I've studied the Greeks and-and rightfully so, you need to know something about the Greeks if you're going to play options, but, I just… I think it's the greatest thing that ever happened. I wish it happened to me 20 years ago. Allen: [laughing]. Dale: I'd of probably retired had it of happened and I had the fortune of-of-of meeting you, the good fortune of meeting you 20 years ago I'd probably retire 10 years since. -- 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 realized that we have done many episodes already where we talk about why you should be selling options, but never gave an explanation. Option sellers trade in a market neutral way. So you don't need to market to go up or down. You can trade it when it doesn't even move. Also, option sellers have probability on their side. So we do trades that have for example a 70%, 80%, or even 90% probability of working out in our favor. These calculations are done using sophisticated statistics and mathematical formulas that won the Nobel Prize. In addition, to be even safer, we use other risk management techniques like stop losses, and spreads which limit our losses. And the example given was the insurance company. So just like the insurance company collects premiums so do option sellers. In fact, the insurance company analogy is a great one. Because as well talked about in 8, the real reason options were created were as a way to lose money. They were created as a hedge. As insurance. So the option seller acts as the insurance company be selling options to farmers, manufactures, and investors who are looking to protect their positions. That's one way to describe the option seller. The second is as a casino or more accurately as the house. The house takes bets from gamblers and has the odds in its favor. Over the long run, the house always wins. For us, the gamblers are called speculators. These are the option buyers who are betting against the odds hoping for a big payday. Kinda like lottery ticket buyers. The option seller is the house, and takes the other side of the bet. Once in a while, the option seller loses, but over time, the house always wins. It's just math. And with the odds in my favor, I don't care which way the market goes. I don't have to predict. If I want to do a bullish trade, I can, but I don't have to be right to make money. This removes so much of the stress. When you have a 70, 80, even 90% chance of winning on a trade, you don't have to be the best trader in the world to make money. You see, when you buy a stock it has to go up for you to make money. And if it does not, then your money is just sitting there not earning anything. Unless it's a dividend stock and you get some measly return like 2%. And if it goes down then you lose. You have to be right about the direction. It is the same with buying options, except it is exponentially harder Not only do you have to be right about the direction, but you have to know by when the move will take place, and how much the stock will move. If you are wrong on any of those three elements, you lose. Here's the magic: When selling options, you get to play a range. The stock does what it does and as long as it stays in the range you want, you win. Let's use golf as an example. To make money with stocks you have to get the ball into the hole in 3 strokes. To make money by buying options you have to hit a hole in one. To make money by selling options you just have to hit the ball onto the course. One additional point I want to make is that emotionally, winning more often does wonders for your self-esteem and confidence. And as a trader, having confidence in your trades and yourself is a key factor to success. Because with selling options, what we are doing is hitting base hits. Over and over. Not trying to hit home runs. Because you know what happens to the guy who tries for home runs – he strikes out most of the time. And in investing, a strike out means losing money which is not a good thing. The episodes continues with examples of. Listen to the whole thing to get the complete picture. What to Learn How To Sell Options? Get Our Free Course at - 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. -- Around the end of every year and beginning of the next, the world is flooded with folks giving their predictions about what will occur in the coming year. Some of these actually come true. But most are just for fun. These fortune tellers think that something might happen and because of that something else might occur. Mostly these folks are just looking for some free publicity. Which is why I hate predictions. Don't give me a guess. Give me some real information that I can use to make an educated guess So what I like to do instead of to look at trends. Long term trends. I am a more Macroeconomic guy than micro if you know what that means. And one of the folks I look up to is Jim Rogers. This guy started the Quamtum Fund with George Soros and made billions. His whole philosophy is to see where the money is sitting in the corner and go pick it up. No need to fight for it or work too hard. Sounds pretty good to me. So then how do we use this info Well you look at what has been happening in the world, compare it to history and see what you see. Stop looking at the minutia, the day to day news and look at the big picture. These are the Top 5 Trends that will shape 2018. Resources and links mentioned in this episode: Jim Rogers Bitcoin Episodes: Episode 006 – Bitcoin Scams You Need To Be Aware Of Episode 007 – How To Invest In Bitcoin Contact help@optiongenius.com for your questions Download the Free Option Trader's Treasure Map: http://optiongenius.com/map Join Our Free Facebook Group called The Option Trader's Alliance: https://web.facebook.com/groups/465974750429703/ -- 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 going to be a special edition because not only am I here by myself but today I am joined by Jeff Stanton. It's going to be our first ever interview podcast. So in the past all the other episodes that we've done I've basically been talking to the mic and I've been talking about whatever topic interests me and we go on and on and try to help and try to share my knowledge. But this time I've actually been lucky enough to get Jeff on the phone and I'm going to be asking him some questions. Jeff is a professional trader who lives out in New Jersey right now. Download the Free Option Trader's Treasure Map: http://optiongenius.com/map Join Our Free Facebook Group called The Option Trader's Alliance: https://web.facebook.com/groups/465974750429703/ -- 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. -- Many of the same skills that you need to play good poker are the same that you need to trade well. Something I realized was that a lot of people who are really, really good traders were good poker players at the same time, because they had the same types of skills. Currently, the best poker player in the world is a guy named Phil Hellmuth. Phil, and he's also known as the poker brat. In fact, he's got a book out called the poker brat. Now, I don't know if he is the best in the world. I think he's probably the best because he has the most rewards, and accolades, and what they call bracelets, and tournament wins, so I'm just going to say that he's the best. I don't really care. For the sake of this podcast I'm going to call him the best. Please don't write in, and email me, and call me and tell me, "Hey, this guy's not all that, he sucks." I don't really care, but what we are going to be talking about is what I learned from this guy. Recently I just heard a interview with him where he's being interviewed by somebody else, and there were a couple things that really stood out to me that can actually be directly applied to trading, and that can make you a better trader just by implementing these things. I wanted to take the time out in this episode to actually go over both of these in a little detail so that you can take away some of the skills that this guy already has that he uses at a world-class level. -- 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. -- So, the question really is, "How much do I need to make X?" Basically, I get this question all the time. For example, "Alan, I want to make $5000 a month. So if I sell options, how much money do I need to make that much?" And I mean, really, that's your question? How am I supposed to answer that. There's no way I can answer that. I don't you. I don't know how good a trader you are. I don't know how long you're doing this. I don't know how much risk you wanna take. I don't know what strategies you're gonna use. I don't know if you're gonna adjust or not. There's no way to answer that question. It's like a one-line email and they're like, "Thanks. Let me know." And based on my answer they either sign up for our Option Genius service or they don't I mean, it's kind of crazy. I think so much of it has to do with the individual. Because I have seen two traders be given the same exact trading plan, and one of them makes a lot of money from it and the other one loses money. The same exact rules. Like, hey, this is how you get in, this is what you do, this is how you adjust, this is how you get out. Everything. Give 'em the same rules, two of them. Let them do their thing. One of them will make money, one of them won't. But even simple than that, I have seen it where we have people who take the same trades that I'm doing and they lose money. Now I don't know how that happens. I mean, obviously I lose money too, so I'm not talking about a losing money trade. I'm talking about a trade that I won on, that I made money on. -- 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. How is everybody doing today? I am excited about this particular episode because I am going to share something that took me several years to figure out. Basically, what I want to share with you is how to know if a individual trader or investor is going to succeed or not. Because let's face it, everybody wants to be a trader, everybody wants to be an investor, but not everybody is cut out for it, not everybody has the ability or the stamina or whatever you want to call it. Everybody doesn't do it. Everybody doesn't succeed. Now, I don't know why, well, maybe I'll tell you why, but I don't know the exact reason why everybody doesn't have this particular trait that I'm going to be talking about today. It seems to be something that should be there, but until you realize what it is, until either you figure it out on your own or somebody actually shares it with you like I am about to do today, a lot of people don't get it. They don't wrap their head around it, and so for that reason, I think that they give up. It's a shame because I think that when it comes to our finances, people just don't want to take responsibility, but you are not like that, and that's why you are on this podcast and that's why you're here listening, so let's get to it. Now over the years, I have had the privilege to work with tens of thousands of investors. We've dealt with people on the phone, we've dealt with people in coaching, dealt with people in our membership site, dealt with people on email and maybe even met several people at live events. And most people come to us not knowing much about options and passive training or selling options. They don't know about it, they want to learn, they're excited about it, they're amazed at all the benefits. They're amazed at how simple it is to get started. -- 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. -- A few years ago, I wrote a book about hedging. An entire book. Yes. Hundreds of pages on just hedging and different ways to hedge and how to hedge your portfolio. And actually, the book's name is called Protect Your Portfolio, and it's all about hedging and protecting yourself from different ways of losing money and whatnot, while we're investing. By the way, you can get the book at Hedgingstrategies.org. That's hedgingstrategies.org. Yeah. Thank you for letting me do a shameless plug. Yes. You can buy the book there. It is available. So, if you want to get the whole book, go there, of course. So basically, what I found was, I was interested in the topic. I looked online and there's really very, very, very little on it. I could not find another book on hedging. There was some books that talked about hedging in a little bit. And there was some videos and stuff that you can, "Oh, you know what? If you wanna protect your portfolio, you should buy a put, and that'll protect your stock. Okay, that's great. But, under what instance do I do it? You know? How many days to expiration? What should I pay for it? What percentage should I protect myself? All these different question I had, there was nothing out there. But, that's not the point of this podcast, this particular version of the podcast. I thought that that particular book that I'm writing on how to protect yourself, was gonna kick ass. I thought it was gonna sell millions of copies. Remember, I'm an optimist, okay? So, I thought it was gonna sell a heck of a lot of copies. But, it didn't. It still, right now, to this day, I have not recouped the money that I had spent on it with doing all the research and all the writing and all the time that it took. You know, as many copies as we've sold, we've sold a bunch of copies, but we still haven't got our money back on this thing. And I can't understand why. And then, I was like, "Wait a minute. Maybe that's why I couldn't find any other books on the topic. Maybe that's why I couldn't find any courses on the topic. Because people just don't care." And that's when it hit me. You know? Traders don't like to talk about hedging. They don't. I'm betting that this particular podcast is not gonna get a lot of views, or listens, or downloads. I don't know how they judge if a podcast is popular or not, but this particular issue, or this particular edition, is probably not gonna get a lot because I'm talking about hedging. 'Cause people don't like to talk about it, which is crazy, because that goes against all the scientific studies out there that show that people are more inclined to protect their money, than to make more. It's crazy. You know? -- 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. -- Welcome Genius Nation. Welcome to another edition of The Option Genius Podcast. So glad to have you here. You know, I gotta tell you. Today I'm going to be talking about something that is near and dear to my heart, because, well, I love options. If you can't tell. The guy behind OptionGenius.com, having traded options for years and years now, and really getting out there, and evangelizing options, and telling people, "Hey, you know what? You need to be trading options." I do it because, they have literally changed my life for the better, and I really feel that they are great for all types of investors. If you're going into retirement, if you're going to try to create your financial future, and be financially free, and talk about the different types of freedoms that we really aim for at Option Genius, they are ... If you're going after those with a gun, right? Well then options are a bullet in your gun. The problem is, that most people out there are being told myths about options. They're being told, or they're getting erroneous information. Most people lose money with options, and most people are afraid of options because they're told, "Hey, those things are risky. You better stay away from them. People lose money on those." Why? Why is that out there? It's because there's so much false information. Well, maybe not false exactly to say, but it's been told by people who don't really know the whole story. I mean, you could read any kind of article in most of these magazines that talk about finance, you know? There's so many of them out there now. But, when they talk about alternative investments, or they talk about ways to make passive income option selling, selling options, selling premium, none of that is ever discussed. Because, it's taboo in a sense, or it's too complicated, or too advanced, you know? It's a shame that people, common, every day normal people are not told this stuff. http://simonsaysoptions.com/stocks http://www.weeklytradingsystem.com http://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.