Safest way to trade that I've tried
This is the safest way to trade that I've tried that can make a return to potentially live off of.
I was looking for a safe way to trade to complement my day job and other work. Ideally so that eventually I can stay home and help take care of the kids and not be staring at the screen all day.
After having tried a few other ways of Day Trading I learned they weren't bringing the returns I hoped. You're not going to be able to live off of a Couch Potato indexing investment style portfolio unless you got a few million invested in it and I don't have that. If you withdraw for your living needs and not continuously add to your position you will get wiped out in a bear market when index investing.
Other methods I tried that had higher returns had way greater loss potential, such as popular penny stock trade techniques, momentum trades with stuff like VLTC, PTBI, GEVO, etc. You make a mistake there and you lose all your gains. Even on a good day when you do it right, you can end up with no revenue that month. Simply, you need to invest $10-50k on these trades to get a small return, with the chance of losing your entire $10k-50k. A few people will get lucky, but that's just not a good deal.
I found this was taking too much time out of my day and there was too much risk associated with these techniques.
Discussed the above with a friend and he mentioned that I should try trading Options and in his experience SteadyOptions was the safest way to not break my bank.
So I started learning how to trade Options. It looks like there are several ways and a few methods are extremely risky. I joined SteadyOptions and a few other sites to learn more quickly.
Right away it was pretty clear to me that SteadyOptions was "steady", hahaha. And many of the other methods were pure gambling. You can hedge your investments safely with Options, I learned, and you can backtest.
For some reason, SteadyOptions was one of the only sites where I seen actual honest legit backtesting being done. And math worked out for you, so that you can trade more safely. The math and backtesting is fairly complex, and I've learned how to do it, but it can be pretty time consuming to do yourself. What I need is to be a little more hands off and this is perfect for me. In my spare time I join in and try to learn more in depth stuff.
I'm pretty happy overall. I don't want to get a few thousand $ per year, with the chance of losing $50k, and yet that's what most services provide you. Then when you start losing or not understanding, they sell you videos and other b.s. Whereas on SteadyOptions, I just read the threads and see all my questions answered already and adjust what I'm doing. I'm also fairly confident that the trades are backtested and the math is done for me, though I am going to learn how to do it myself just as well in time.
On whether you can get "the same fills". I've seen this be a huge issue in penny stock trading. If you learn how to trade Options at a basic level you'll understand the price is all over the place, all the time. That means you can get a better fill than SteadyOptions does if you check and watch the price on your own and I don't need to stare at my chart all day to do that.
Speaking of charts. I was going to buy a few hundred dollars of services a month to augment and assist my trading. But, it looks like the people on SteadyOptions already do that and provide the information I need in the forum, so I really don't have to.
That makes SteadyOptions a really cost effective great deal for me.
Its a really low priced way to have this team of people working for me in a way. Actually, we're all working together as a team. We don't want to lose money, so its in our best interest to work together on this, and the way Options works our trades don't work against each other or drive the price as it does with Penny stocks or low cap stock methods.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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