I've been researching options a lot the last few months but I'm tired of the YouTube channels that constantly claim they make tons of money and only trade options for income. I don't believe them because they are selling their channel when making those claims.
I've been looking for ways to quit the 9-5 and thought maybe options would do.
Is there anyone here that is a full time, successful options trader for at least semi-consistant income?
Anyone actually successful at trading options for a full time income?
byu/JCinthehou3e inoptions
Posted by JCinthehou3e
9 Comments
lol no
Yes, but are you willing to put in the time and work it requires to become someone who can generate a full-time income from options trading?
John Howell on you tube – down under Aussie ) is all about the L move
4-6K per month on a 300K account. Selling weekly options on AAPL, MSFT, MAR, TQQQ, GD, AMZN.
Politicians.
I don’t believe these shills either. I view options as a complementary strategy you can integrate into your portfolio, but far from a full time gig because not only can they be inconsistent but they’re a pain mentally that I don’t want to depend on for a living
Don’t go full time until you’ve tested your strategies and discipline live for 3+ months or 200+ trades or whatever the point is where you can be completely disciplined in your trades. And that you’ve demonstrated to yourself that you can make a steady income from options.
Trade on the side until you’re confident in your strategy and yourself so that you won’t be left without a job and with what turned out not to work.
I make more in options than I do in my 9-5 but quitting is 1-2 years down the road if that.
In good weeks I get about 10k (per week) on a 1.5M portfolio. But then there’s other weeks where I’m lucky to clear 1-2k.
You should seriously try to master it while you do have the 9-5.
Assuming you don’t have a sizeable starting portfolio you will pretty much be day trading, except opening options positions instead of shares.
And fair warning: the market changes over time. Doing well now is not the same as doing well a year from now, or last year. Do it certainly takes dedication. Just like a basketball player practices outside of the game you gotta stay on top of it like you mean business.