One of the best ways to increase your trading income in 2019 is to learn how to do covered calls.
What are covered calls?
Covered calls is an option strategy where you buy 100 shares of stock and sell a call option.
You end up with a position that has less risk than the stock market but can make much more money. How is that possible?
The reduced risk is easy to understand. You are long stock which means you make money when the stock goes up. But you are also short a call which makes money when the stock goes down.
This means you are hedged. You have something that makes money when the stock goes up and down. So your risk is sharply reduced.
But didn’t you just decrease the profit potential also?
The trick is to buy only stocks in bull markets and to sell only over valued call options.
You can make up to 100% annualized by doing exactly this! With less risk than the stock market.
I have a specific process I use to create these high reward low risk trades. I call it Courtney’s Covered Calls because I’m the only one with this exclusive process
Would you like to learn it?
I’ll be teaching it at my upcoming Options Success Schools coming up in Los Angeles, Las Vegas, and Orlando.
I love creativity and creators. I actually married a dancer and a singer!
But some people don’t like trading because it is not creative.
Here’s how I look at it
Picasso was very creative. He went through many different phases in his art plus he was able to be creative in several different media.
I have worked with a several traders who were like that, Marty Schwartz and Michael Marcus.
They were very creative traders who were able to constantly create profitable trades in very creative ways.
They are Picasso's and Michelangelo's of trading. Very creative and very profitable. I’ve know only a few of those in my life.
But I’m not like them.
My trading is more paint-by-numbers. Remember those when you were a kid.
They gave you a piece of paper with the outlines of a piece of art but they had numbers in sections of the art and you were supposed to color that section with the color designated by the number.
That’s how I trade!
Now, my paint by numbers has a lot of sections and a lot of numbers but still basically the same thing.
I can paint the Sistine Chapel using paint-by-numbers over time. It’s not creative to do that but it will get the job done.
Marty and Michael could paint the Sistine Chapel in a heartbeat. I have to be more systematic to achieve the same results.
One huge advantage of my more simple paint-by-numbers approach is that is transferable knowledge. That is, I can hand you the same sheet I use and you can color in the same numbers/colors and get the same results as me.
I’m doing two different paint-by-numbers course coming up.
One tells you how to make money in the stock market and one in the options market.
I will give you a scholarship to both but you have to apply for them.
They are both live seminars and we are doing them across the country so there is likely a location convenient for you.
You don’t need to be creative to make a lot of money in the stock and options markets. But you do need to have the paint by numbers!