Selling Options for passive income by Robert Kiyosaki

alistera said:
The financial markets are a rich persons psychological game, something everyone misses, who generate passive returns from excess capital, yes you can also actively trade the markets but there are some very specific numbers, if you go above these you will fail.

The entire ecosystem of the financial markets is fed by the losses of the 99.36% of participants doing everything else, option spreads are no different from any other strategy, you need to be inside the top 1% and here's the funny part, anything that could work is discounted to zero by the other 99%.

Meaning you're on your own :D
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I weep for your children.
 
taowave said:
If you really think selling option spreads is far superior to selling naked options, then you may have discovered a new "arb",much like a B-fly,but not a B-fly :)

And for all you newbies out there,do yourself a favor and stop listening to various scammers and get a program like Orats and backtest your "beliefs"... Nothing ventured,nothing gained
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The best financial minds, traders, are the options traders, very few amateurs can get an edge. After several years studying and trying, I am still losing money in B-fly.

If we amateurs play, we provide liquidity, i.e., I am paying for @taowave's and @destriero's yachts. :D:D:D
 
andy_p said:
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
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You've been on Et since 2016. Where has your passion been for 7 years?
 
CBOE has a series of free classes, but it's a continuum and I don't think it lets you skip any of the sections.
Passive income isn't outperformance as opposed to many other strategies.
Doing it in a taxable account can also create phantom income, which is a real bitch so given a choice between taxable and qualified consider which serves you best.
 
This is how my imagination would describe Options trading.

Learning to directionally trade stocks is no mean feat, there's a huge learning curve unless mentored by an experienced trader, so it depends on where you come into trading, on your own or mentored, but it can take many years of losses before you'll make headway.
Ok: That was a description on directional stock trading.

Now comes Options trading:
Basically repeat the above.

The crux is imo, learning Options trading is like juggling several balls in two hands, if you can do that you are indeed clever. :)
 
Spreads, debit or credit, in general, will lose money long term. Limited risks and limited rewards, you have to win lot of time. Naked directional bets are better way to trade. There is no neutral position in the market.
 
Not disagreeing,but Are you comparing equal delta positions??

mervyn said:
Spreads, debit or credit, in general, will lose money long term. Limited risks and limited rewards, you have to win lot of time. Naked directional bets are better way to trade. There is no neutral position in the market.
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taowave said:
Not disagreeing,but Are you comparing equal delta positions??
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time is most important to me, letters are just tools. sell puts when market going up, buy calls when market going down, and s/r levels.
 
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