Question
Is Options Trading Still a Good Idea?
Answer
With the economy in the dumps, many people are wondering if they should even consider options trading anymore. It sounds like something best left to better times. However, despite dire predictions, many people are still successful in the area of trading options, you just need to be smart about it.
Strategy is everything when making good trades, particularly when the market is looking bad. You’ll find that there are ups and downs even in the worst economy and there are ways to take advantage of that. Why am I so certain of this? Because in October of 2008, I spent two hours going through opportunities in the worst market we’ve seen in several decades and applied my strategies to it. This video is available as part of my Covered Call Writing – The Right Way course.
Now is the perfect time to get into options trading. There are plenty of opportunities right now and if you have the right strategy, you can easily make successful trades. The easiest way to do this is to have someone do the hard work for you, find the high probability trading set ups and then give them to you. You’ll pay a fee, but won’t have to spend hours each day analyzing the market and data that is available. It takes time to track even a few of the top options, so working with a service that does this for you will allow you to trade in your spare time, rather than dedicating yourself full time, something that is difficult in the beginning.
