5 Insanely Easy Steps To Recover Stock Market Losses
Dec 01, 2022Has the market totally beat up your retirement fund this year?
Is your future not looking too rosy right now?
I get it. It's been a rough few years for most of us.
Today, I'm giving you five steps to get your investments back on track with options trading.
I was in the same spot as you back in 2001. As I watched my retirement fund, just get decimated going down over 50%. My stockbroker told me just hang in there. Everything will come back to even again.
And you know what he was right. What he didn't tell me as it would take almost 15 years for it to get back to even.
So when I saw similar patterns start to happen in 2009, I said, "Enough is enough".
I fired my broker who had been my friend for 30 plus years.
What I know now is he never had my best interest at heart. He was a salesman working on commissions and the more he traded my account the higher the commissions were.
What really, really broke my heart is when I learned he was pushing me to trade stocks where he and his company earned an even higher than normal commission rate. He really didn't care about those positions and what they were doing to my account.
I knew I still wanted to build a good retirement fund. I knew I still loved numbers. I also knew I was willing to take some bigger risks for greater rewards. So what I did was go out and got myself some education.
I attended seminars and workshops all over the country. I wanted to be able to trade for myself and I also knew I didn't want to rely on others to create my future for me.
I would bet my last dollar or even my millions of dollars that many of you are in the same position today.
So let me share with you my years of experience, I want to see you get started right and go where you desire fast.
What I'm sharing with you right now is a checklist of things you'll want to learn or at least be familiar with before you go putting your trading into your own hands.
How To Start Trading Options
1) You need to understand the risk of trading in the stock market, what the current market climate is and how to minimize your risk.
Everything you do in life has risks. Some are low risk, some are high risk, no matter what level of risk you're taking. You always need to do two steps, get educated and get the best equipment. That's exactly what I did when I took up skydiving and 75 I understood the risk and I took steps to minimize it.
2) Learn to understand the structure of the stock market.
In order to trade successfully in the market, it is necessary to understand how exactly how it is structured. That's the easy part.
3) Choose a great trading platform with lots of functionality and analysis.
I'll give you a big hint - it's not the one we're seeing that's been currently advertised on national TV.
4) Set up your trading charts to be most efficient and effective for analysis.
These steps will get you to the point where you can get started but you still have a lot to learn and some decisions to make.
5) Gain an understanding of PUTs and CALLs, the elements of each and how to set up those trades.
I get at this point you may be feeling totally overwhelmed. You might be thinking to yourself, how will I ever get through this?
I have a solution for you.
I just gave you a checklist of steps to take, now let's put that checklist into action.
I have a comprehensive and inexpensive course to get your feet wet, where you'll have a much better idea about trading in the stock market and if it's the right vehicle to build your own wealth.
It's called the Options Trading Beginner's Blueprint
For just $24.95, you'll be able to check off every item on your checklist with confidence.
By the end of the education you will have all the tools you need to make your first trade!
Our mission at Investing Buddies is to make each person in our education a thinking trader - able to generate great income for your family and for your retirement.
Just click below to get started with the Options Trading Beginner's Blueprint!
Want to:
☑️ Have confidence in making trade decisions for yourself?
☑️ Create wealth even in the most volatile markets?
☑️ Have peace of mind about your financial future?
Get the Options Trading Millionaire Membership totally FREE!