Hello, Rober Kiyosaki says in his game that true passive income is done by selling options. My question is do you guys know any course that teaches you how to do that? Can you please list on here 2-3 courses that are good for selling options and making passive income big style? Thank you
I heard you're supposed to sell high vol and buy low vol but idk. also, you probably need a big account to make money selling spreads but again idk. optionsalpha and options a to z aren't bad places to start if you are a true beginner...but be warned that trading options is extremely difficult and complicated compared to equities. good luck. p.s. naked options will probably eat you eventually.
Thank you very much for sharing. Hopefully, someone who knows better will be kind enough to share. But thank you for your input.
Selling options for income (“big style” or not) is not a good investment strategy. There are ETF products which replicate these strategies (eg QYLD) and they routinely underperform buy-and-hold on the underlying shares, even before accounting for the added tax drag. Delete your ET username, and put your money in a passive diversified portfolio of stock indices and bonds.
Because you’re wasting your time here. Besides investing in a passive portfolio, literally anything you do with your money is going to cost you money, either through opportunity cost or actual losses. Good luck.
Deleting my account why? Is it because people here don`t want to help? Is there something personal here somebody has against me? I`ve been respectful.
Andy, It was one of those Zen Koan things, like: Is the wind moving or the flag moving? No, your mind is moving. I am sure Specterx was simply asking you to empty your cup.
its nothing personal. He is only predicting that you are about to lose a lot of money and your time would be better spent on learning slow growth liquid allocation. unless you really really really really want to be a trader no matter what...it is a source of passion and joy for you...I agree with him. The amount of time and work it takes to consistently make money is substantially more than people realize. And you are looking to compete is the options market...lol...against the smartest math nerds in the world. Extreme difficulty.
I`ve always dreamed to be a trader. I`ve put some money aside. I need to buy a course and learn it. I`m passionate about it. I believe I can make it. but I don`t know and wasn`t able to find out what exactly did Robert Kiyosaki say on how to sell options and make huge amounts of passive income.