The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online
#90 - The Downside To Trading Options For Income
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:09:17
- More information
Informações:
Synopsis
Hey everyone, Kirk here again and welcome back to the daily call. On today’s daily call, I want to talk about the downsides to trading options for income. I think it’s important just to talk about these openly about what you’re going to get into if you really want to open up a business in the options market. I really always use that analogy because I think that’s what you’re doing. I think you’re starting a business. No different than if you opened a restaurant or a shop or something. I mean, it’s a commitment and I tell people that often that you have to make that commitment to be successful in doing it. It can’t be just like a weekend hobby if you're really trying to generate income from it, if you’re trying to replace income from it. I think for me, the biggest downside… I overcome this through the Option Alpha community, but the biggest downside that I found initially was just that it’s a lonely business. I mean, it really is. You get into the options market and you become an investor, there’s so much goi