Select Page

Never Stop At One Stream Of Income

by | Nov 20, 2019 | blogs, Editorial | 0 comments

Studies show that the average millionaire has seven sources of income. Of course, we can’t be everywhere at the same time, so the real key to building wealth is passive income sources. 

And while my Options Profit Planner premium service has not seen a losing trade since its inception—I still only trade about ten minutes a day. 

Heck, my trading strategy virtually runs on autopilot, there are days, like yesterday, where I don’t even have to check the market or look at my portfolio. 

I’m not one of those guys who bury themselves in front of a computer screen, staring at blinking stock tickers all day. 

Like any other millionaire, I have several sources of income: I run businesses, manage an active real estate portfolio, and have several passion projects in the works. 

On top of that, I’m a husband and father. The time I allocate to anything must be worth it if I have to spend it away from them. 

So while my returns might not be as sexy to some—I’ll take a 20% annualized return—if I can do it for ten minutes or less per day. 

Why wouldn’t you?

I’m a wealth builder more than a stock trader… but it’s all based on the same core concept. 

 

Build a system that saves time and makes money 

 

My trading system delivers on both fronts.   

Did you know that giving your money to your financial advisor to implement a “buy and hold” strategy will never generate wealth?

Why’s that?

Because the reality is that you’re the only one who cares the most about your personal finances.  

So how do I generate income like I do in the real estate market with stock trading?

 

The secret is in the rules-based approach

 

This proven system generates income consistently and would make any hedge fund wish they had something like this for their firm.

I use a stock filter combined with a set of metrics developed throughout the last few years that allows me to find specific stocks to trade.

Comparing the stock charts with my developed proprietary indicators I am able to detect that perfect stock chart.

This indicator gives me insight into the stock helping to identify the different modes it in, ie) oversold, overbought, trending, or just range bound.  

 

Stacking the odds in your favor

 

As you know, a stock can move in 1 of 3 directions, up, down, sideways.  

When you buy a stock, you are betting on the stock going up to make your money.  Buying options requires a trader to spend money when opening the trade.

When you sell options, you can actually make money on all 3 directions.  Selling options allows a trader to collect money instead of spending money when opening the trade.  

 

Selling options generates cash flows

 

There are many strategies I trade on a daily basis and some of my favorite ones are the naked puts, covered calls, and credit spreads.  

My options trading style is inspired by my experience building a successful real-estate business.  

In my real estate business, I focus on generating cash flows from my investment properties.  

When I place a trade I always look for multiple ways to win.  And I do that with selling options.  

If I was to sell puts on a stock, I would have 3 different ways to win on my trade.  

This means I can win when:

  • the stock goes sideways
  • the goes up
  • the stock goes down

 

Remember how I said I only spend 15 minutes PER WEEK trading?  That’s because of the system I built and how it works hard for me.

I know this may sound crazy, but it’s true.  It works for me and many others that have decided to join the team.  

“Great mentality here Dave.  We are lucky to learn from you-I want to follow in your footsteps and have multiple businesses and income streams, and will come to have a developed market strategy that does not demand hours and hours of time and focus. Being completely serious here.  You are a great example and teacher. Thanks” – Ariel S.

Click here to learn more about Options Profit Planner and watch it work hard for you!

 

The Complete Guide To Creating A Trading Journal

  Do you know almost every beginning trader repeats the same mistakes at least 50 times? That’s insanity, literally! The definition of insanity:  The process of doing the same thing over again and expecting a different result.   So why does this continue to...

Why I Like To Sell Options

Some of my trades are starting to work out to my favor, even during this slight pullback… and I’ll just have to wait and see if it holds up. Now, I want to use it as an opportunity to teach you about one of my favorite strategies. Of course, in order for me to do...

How I Time The Markets Using Fractals

This market is on fire. It’s filled with crazy opportunities if you know where to look. But you need to get in before the herd comes rushing in. Of course, this is hard for a lot of traders to be good at. Most new traders usually ask: What chart patterns are worth...

The Trifecta Of Trading Strategies?

  Trading options is more than a black and white strategy… and they can be as easy or complex as you make them out to be. Now I am sure you are thinking… “buying a put or calls are ‘easy’, I do it all the time…” And you’re right. But did you know that it’s...

[Watchlist] Three EV Names On My Radar

  Have you been watching EV stocks explode higher these last few months? I know I have been.  And for many traders, they have been stuck on the sidelines not sure where to even enter the trade.  Or, if you were suffering from FOMO, maybe you just slammed into a...

0 Comments

Submit a Comment

Your email address will not be published.