How I Would Start Trading $5,000 in Options

[@foundatsea3483]

Tony: "McDonald's is a great dividend stock.." (great point!) ......Tom: "ummm.. we're going to the next slide.." wow that's cold.

[@osman3404]

I love tasty but I don’t know if retail traders will ever see the same growth as the market did. All it takes few bad days to wipe out profits of several months and then some

[@fs7128]

if you need only a few bad days to wipe out all the profits of several month .... uummmmhhh have you ever thought about that this may be a missve Layer-8-problem in front of the screen? (my banking friends call this risk&money management ;-) )

[@DuckUSD2012]

Yes, you can see the same growth as the market makes (even more). You have to do the trading the right way. That is it. 🙂

[@JimBarcelona]

If you only risk 1% of your portfolio & your success rate is 30%, it's near impossible to wipe out months of profits. Play with win probabilities & risk percentages to figure out how to reliably grind.

[@NupeAtl]

New traders need to accept two things. 1) 10 years is coming. 2) Patience.

[@AaronTilt]

Achieving success in trading requires significant effort, as it involves training your mind to counteract natural instincts. It means purchasing when everyone is panicking, selling when there’s excitement. I've been attempting for some time to increase the size of my 7 figure portfolio, but the largest obstacle is the absence of clear entry and exit plans. Any guidance in this regard would be much valued.

[@camille_ann3]

Diversifying your investments can help you manage risk while aiming for solid returns. It might be a good idea to explore sectors that tend to do well during inflation, like utilities or bonds. Also, seeking the help of a financial advisor could be really beneficial. They can provide you with tailored guidance and help you develop a strategy that aligns with your goals.

[@walkjar-q7s]

I agree with you. I started out trading on my own, following some random trends but I lost a lot of money. I was able to pull out about $200k after the 2023 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000

[@Arnold-ic9jg]

I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@walkjar-q7s]

I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, “Laurel Ann Watkins” turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.

[@Arnold-ic9jg]

Thanks for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!

[@andypcguy1]

Lets see the $200 account, that's a real challenge. No room for error.

[@quantum7401]

I agree with you. Trading small accounts is a slow and painful experience. When I trade my small account, the only way to trade is to trade what I can afford to buy in round lots only.

[@petediaz9310]

That’s not an account lol😂

[@ivanlopez8512]

@@petediaz9310😂😂

[@baumulrich]

with 200, buy low cost index fund. do not trade options. the fees will eat you

[@ACR4008]

What about a $2 account??? /s Silly comment. $200 is not an investment account.

[@doughfunnels]

Great study - Probably one of the best videos I've seen. Well done Tom & Tony

[@MelissaDebbieCunningham]

*Great video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?*

[@RendyFriday]

I've been making a lot of looses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?

[@Vandyjames]

Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies

[@PastorFank]

I will advise you should stop trading on your own if you keep losing.

[@PastorFank]

If you can, then get a professional to trade for you i think that way your assets are more secure

[@PastorFank]

I'd recommend JUDY, ARIANNA her profit is great even when there's a dip

[@go4384]

Hope all option traders understand that just because probability of winning is in your favor doesn’t mean you have positive expected value selling it. The payout ratio on these are never even mentioned.

[@jimmypinero]

I've found that a simple support and resistance model targeting pullback moves has been extremely profitable and consistent. I am averaging an over 80% win rate on all of my trades, with virtually no drawdown in the past couple of years with this one strategy. Should a trader in my position be looking to add more strategies to my playbook, like the iron condor? Or should I stick with the one strategy that has been working for me the past couple of years? Adding more options strategies to my playbook SEEMS like the right way to go, but is it? That's what I'm struggling with the more I watch your videos. Any advice?

[@redx125k]

Hello friend, I am in a similar boat as you. I have just added selling options into my strategy. My thinking is that selling is lower risk lower reward, so I am using it to diversify my returns. I do not think it is absolutely necessary, you do not need to fix what isn't broken. That said, I am choosing to incorporate selling strangles on large ETFs into my strategy. My thinking is it will be like a higher returning savings account. Time will tell.

[@georgegower3136]

Jimmy, would love to see a video or your stratergy!

[@jimmypinero]

@@redx125k Nice! What you’re doing sounds like a safe and profitable bet, actually. Thanks for sharing that.

[@jimmypinero]

@@georgegower3136 Oh no, never! 😂. I am very shy and private. And it may sound mean, but I don’t believe in sharing my edge with the public. I don’t know, maybe I’m just an old school guy. Working on Wall Street back in the day, I was always taught to guard your edge as if your life depended on it. 😂 I don’t knock all of these trading influencers for sharing their systems online, but it’s not in my nature to do so. Sorry about that. But I appreciate you asking.

[@gavnonadoroge3092]

4:18

[@terrymoss663]

great video guys, thanks and Merry Christmas!

[@georgelien]

This is great ! Thanks

[@thecoolnessification]

If you don't like undefined risk I always recommend doing the wheel on stocks such as T and PFE. You can do this with a 5000 account. Why I recommend these in particular they are somewhat stable long term American companies in different sectors and they both offer a great dividend which is free money ! Cheers.

[@garettb1625]

I always try selling bht it goes well for alittle and then i get screwed. Ppl say u win so much more often but i find the wins are so small and losses so big it ends up actually being MORE risky then buying options. How do they manage risk?

[@mikeglidewell151]

This has been my experience for several years now. I find myself always back to where I started. I truly believe in the idea of selling options, but man it’s tough with a smaller account. Most of it’s my fault because position size/risk is too big for account.

[@briangoodman5260]

Of all the trading strategies, selling strangles is probably the worst. Constant adjustments needed to stay delta neutral, and a big gap up or down will inflict tremendous pain. Great if you own the brokerage though.

[@jmcgau01]

Strange/awkward break at 2:45.

[@S.H-c6g]

isn't it pretty risky to do a naked iron condor?

[@blockaderunner]

sho is for my mind

[@scottrichards3937]

Birds without feathers are at risk, however iron condors can't be naked... They're defined risk by definition.

[@DimebagDerekS]

So a strangle? And no, they are easy enough to manage if you choose to do so. I run my strangles only when I own the asset and have enough assets to cover the put if needed. Gives me more options to succeed.

[@hadiza1]

Sitting! 👸🏾💜

[@RTMutter]

you get 25-40% more credit on undefined risk, but god forbid there is a black swan event youre gonna be pretty safe with risk defined, whereas with undefined you might get completely wiped out

[@felipeangel2823]

Can you do these trades with a cash account?

[@mixinmorley]

Yes, only a cash account

[@Rockingstars]

Yes, but undefined risk will be very difficult. You have no margin, so the BPR will be much much higher.

[@zamalek1235]

Mann, I really wanted to follow this and thought it would be beginner friendly but as soon as you went into iron corridor and skew and pop, I got lost. Do you have any beginners playlist for options? I’m starting from scratch and the total noob thank you. 😂

[@WSmart1]

Spreads every two minutes all day long, carry the long side over night, abc bud.

[@brett4932]

Tough to trade undefined risk in smaller accounts given you typically need to have the highest approval level to do so. And with a small account your broker is almost never going to give you that approval.

[@prophetseven728]

Why not just do straight Stock Trades. Why use Options instead. Seems like it be more riskier to use Options? But with buy a stock and say it does go down. You can hold it. Till it goes back up with out any penalty. And if that stock has Divs. you are still making money.

[@ccooljay]

haha, how long you been trading. not all teakers come back.

[@prophetseven728]

@@ccooljay Not all of course. But if you stick with Great Companies. Your risk is reduced to almost nothing. I do not play with penny stocks. Unless I willing to risk that money. Still better than Vegas odds though.

[@kendallhughes7507]

*0DTE options will deprive many young, gullible, naive investors from being able to retire early if at all......SMH*

[@aas55]

“How to start trading with options..” Don’t.

[@flmason]

Is it growth or is it inflation? In real terms has the ecomomy really doubled? Is a bursting of an inflationary bubble on the horizon, esp. since Capitol Hill just changed to red in the last elections?

[@LuisMartinez-ft9or]

This is what you do. Buy a TSLA call option with a $422 strike price and January 10, 2025, expiration date for $4656. You're welcome!

[@tvs3497]

And pray nothing happens but by some miracle TSLA is trading at $500 at expiration?

[@LuisMartinez-ft9or]

@@tvs3497 I’ll come back to this comment when it does.

[@LiorAlbina]

Thanks for the breakdown! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?

[@keoniborge2498]

LOL... Tony is clearly not paying attention for most of the video, looks like he's typing out an email or sending out a tweet or something.

[@Float_Locker]

He’s thinking about his cars 🤣

[@thecoolnessification]

You pay attention when the video is aimed towards you a 5k account is not related to him lol