Is it possible to live on options

Is trading options for a living possible? Seems everyone hates their jobs and wants to sit is it possible to live on options and trade options for a few minutes a day and make a very nice income. And why not? But it is doable? Is there anyone out there trading options for a living?

Selling Options for a Living - Is it Possible? | The Options Bro

Answer: YES. There are many people who trade options for a living.

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The ones I know trade everything — options, stock, bonds, commodities, even forex from time to time. Can you make living selling options? YES again. We do it every month.

How to Trade Options in 4 Steps

The trick is to manage your positions and avoid loses since not every trade is a winner. There are many people out there making a living or supplementing their retirement income by trading options. And the numbers continue to grow — just look at the trend in option volume.

More and more options are traded every year. The volume numbers break records every year. And if others can do it, so you can. It does not take a rocket scientist or a genius.

Getting Acquainted With Options Trading

I know some very dumb people who are doing well trading options. And with the upgrades in technology, anyone sitting at home has access to all the data and trading tools they need — almost all of them are available for free from your broker. Option trading commissions are lower than ever as well.

So consider trading options for a living. So how much can you make?

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Try getting that at the bank. It depends on your lifestyle. Do you need to drive a Porsche or would a Honda Accord suit you just fine?

Should You Quit Your Job to Trade Stocks?

Do you have 5 kids to send to college? The amount you need depends on what your expenses are. Is that it? I think you need to have a decent amount of money in savings and in other investments as well. I for example, have money coming in from real estate, and dividends, as well as a couple businesses that I have an investment in.

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So that if something bad happens to my trading or the markets, I will still have enough income to survive. But what if you are a risk taker? Ok so you want to gamble and go for broke. But if you are a risk taker, get portfolio margin. Portfolio margin is for those traders that know what they are doing and it allows you to trade in larger sizes with less money. This allows you to make money faster since you have more leverage but you can also lose money a lot faster — so be very careful.

Greed can make you do stupid things. How long does it take to learn to trade options?

Is it Easy to Make Weekly Income Through Options Trading? (the answer may surprise you)

This is a tricky question. It took me several years. I had no mentor or someone to watch. Nor were there as many websites, books, and videos available. I would say that if someone was serious and put in a couple hours a day into learning and trading, they could learn to trade for a living within a year.

This will not be true for everyone, but I think it is a safe number to aim for. I am not a big fan of giving my money to others to manage and then not knowing what they are doing with it.

Should You Quit Your Job to Trade Stocks?

I have had members tell me they just want to check their accounts once a year — that is just stupid. You worked hard for it. So, is trading options for a living possible?

Yes, but it takes time, desire, and effort. Trading for a living is not a hobby nor is it anything short of running your own business.

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It is not like in the movies where they scream at their brokers on the phone to buy 1, shares of this or that and make a million bucks. Take your time to learn the art of trading. Remember the markets will be here tomorrow. And with option selling, every month is a new game, so if you miss this month, just wait a few days.