Options Weekly Paychecks FAQ
1. How much do I need to trade?
Ultimately you can start with whatever you can afford. We don’t want you starting with too much money anyways in case you make mistakes. Start small, get comfortable with the system. If you want a figure $10,000 is fine and stick with one stock. Also we don’t want you trading more than one stock because we don’t want you to flip in and out of too many trades within a day or your broker will require you to have $25,000 for the pattern day trader rule. If under $25,000 just never get in and out of a stock, stock option before the close more than 3 times within 5 business days. Ask your broker for their exact rules. If you are reaching the limit then do not cross it and simply hold the position overnight. Once you get over $25,000 in your account there are no worries. That said, it’s rare that you will ever encounter 3 intraday in and outs trading one stock, so it’s not a big worry.
Best practices: 1. Start on a demo account. Your broker will have one or go to cboe.com 2. Start with 1 contract or now micro contracts – the SMALLEST amount and get used to trading correctly. 3. Then gradually bring your position size up to a normal size as indicated by our money management systems included in your home study course.
2. Am I guaranteed to make money?
Firstly if you’re asking that you’re in the wrong business. You may want to consider a marketing business or an affiliate business where they talk about guarantees of your success… Maybe you’ve heard too many messages giving you false hope of a guarantee of success. Firstly no one is supposed to be guaranteeing you success by law and secondly life doesn’t work that way. If you haven’t been successful in training in an online business yet a possible root cause may be that you are looking for some order Crystal ball guarantee. This is the same syndrome as the”Holy Grail” Syndrome where are you and chasing 110% winning. It’s another form of fear. You need to wake up from that.
We sell real trading system that involves real risk. A real trading system gives you a good chance at potential future success. It’s all about chance, taking the best chance we can because no one can predict the future exactly. And it’s a total waste of time to try.
And yes you could possibly, potentially make a FORTUNE with our systems. The meantime you could run a solid system put yourself in a very good position to make consistent ever-growing money overtime. In order to achieve that you’ll have to take a chance, a gamble, a high probability bet that a trading system or trading strategy could give you potential future success. And after saying all this if you’re still looking for some sort of future guarantees then sorry, this trading site is not for you. We are looking to work with those who are grounded in reality and look to grow a real and solid trading business.
3. How many trades per week will I be doing on your systems?
Up to 5 trades per week maximum. Some weeks just one trade.
4. Is this software?
No this is a home study course that teaches you the system, how to successfully trade this system. The home study courses are in video format. You can access online.
5. How long will it take me to learn how to trade your options trading systems?
It will take you a day to go through the videos. Then you’ll need to practice trading the system. You can do so historically by going back on your charts in time and pretend like you are in real time by moving the chart forward with the red arrow key. Or you can paper trade in real time. You can use a virtual trading platform has found that CBOE.com. Ultimately you’ll need to trade with real money, starting small and staying small for a while until you get the hang of simply executing the system.
6. Do I need to watch the markets all day long?
No. You will need to glance at your charts a couple times a day. You will be trading intraday bars so you will have to be able to glance at your charts here and there throughout the day but you do not have to stare at the screen all day! Actually it is preferred to not watch the markets too much. The less you watch the markets the better. Why? Because hypnotic price action from the markets is the way the markets convince us to do dumb things, Forever all the marketplace wants to take Armani just as well as we want to take its money.
7. What other purchases are required if any?
You will need real time charts. Esignal.com /Interactive Data, freestockcharts.com (some say is pretty good and it’s free), DTNIQ etc …
8. Is this a signal service? Do you send me signals?
No. We are selling trading system home study courses that teach you how to trade for life, giving you a plan to potentially trade for a very good living. You will be old to generate your own signals from our systems. And you will be able to trade whatever stock you want.
9. Will I make money right away?
Possibly, although we can not make you promises. See the disclaimer verbiage… It depends on what the market is giving out for that week. But the secret is to not worry about ‘winning and losing’ or trying to predict the market, or hit it big instantly. The secret is to focus on executing the system without thinking much about it. The system takes care the potential ‘hitting it big’ part. That is how it’s designed to work over time while helping keep you from getting conned by the market place through your emotions into doing the exact opposite of what you should be doing.
10. Is this day trading?
No this is micro swing trading where we are looking to hold positions overnight for 1 to 5 days max.
11. Are their refunds?
No, please read the terms. We are willing to help you become successful though. We can also adjust systems to meet your needs or in worst case completely replace the system if it becomes impossible for you to trade due to other circumstances at our discretion.
Also you need to treat this as if you are taking a chance with positive expectation as you would treat a trade. Fortunately our systems are awesome, proven by many students. We have not met one unhappy customer today and no one has ever even asked for a refund even. So it’s a non issue. Also we need to protect the system for you and can’t let freeloaders try abuse the system as they have in the past. If a system is not working out for you may contact us for help after you’ve gone to the system three times with the notepad writing down observations and questions. You may ask us to clarify points or suggests that we do part of the system better etc. We always look to improve. We will make extra videos to explain, add clarity videos and add them to the course if necessary. And if it gets to a point where we agree that you would do better off in another system we can put you in another system I will be more appropriate, at our discretion. We want to help you become successful. It is in our interest. That said you also have to work and follow instructions regarding execution, Learning and practicing the system.
12. Do you support your product?
Yes of course. Our goal is to help you become wealthy with our systems actually. Try us! You’ll see that we’ll even push you to trading correctly while expanding your trading goals. We want you on our trading Hall of Fame wall! Really. We have a method for you to learn and master the system. Plus we will be happy to add additional videos, explanations on your product access page to clarify trading of the system for your reference. You may access this support system from your product back office access page.
13. Can I make a living with Options Weekly Paychecks Systems?
In short, We make trading systems to give you the potential to sincerely and seriously put yourself in position to average a weekly paycheck to your income. We also provide direction for potentially compounding returns over time through consistent execution of the system and a solid money management system.
Also we don’t know if you’re going to learn the system, practice it, get it down cold and then actually trade it in a consistent way. But if you do I would say that there is a good deal of possibility that you could trade these systems for a very good living. We can’t predict the future and weekly price behavior will change, cycle continually but these systems were built off of solid price action principles designed to stand the test of time. Since these systems have performed consistently well in the past we ‘place our bets’ that the system will likely perform in a similar way into the future. (although past results are not necessarily indicative of future results as the disclaimer below will explain in full)
14. Is this risky?
In short yes. So is driving. So is marriage. So is opening your own business. So is working for an employer who can fire you anytime.
I’m afraid if you’re asking that you don’t understand the opportunity and how to trade the markets in a serious way. That is understandable due to never ending hype and nonsense by ignorant people on TV and the Internet. Since they’re too lazy to learn how to trade well, they tend to treat trading as a gimmick. Yet they keep working their commentary jobs. In the meantime you learn how to become a good trader who treats trading very seriously as one would a bricks and mortar retail business or even your job.
We go nowhere in life in less you take risks. But in order to win in life you need to take smart risks, high probability risks. The same applies in trading. In trading you need a very organized approach and a plan of action for all times while you are in the market. You need to know whether you should be in or out, with what options position and what size of trade.
And if you totally know nothing about trading, you’ll have to learn. It’s not that hard nor does it take that much time (Unless you make it hard due to lack of focus). You will have to learn trading well just like you have to learn anything well in life. Fortunately what you need to know in trading can be learned relatively quickly if you follow an expert. You’ll need to learn how to avoid the many pitfalls and trading. While in the meantime you will need to learn the proper actions you should be taking. But if you don’t learn well, if you start winging it, if you start trading emotionally, if you start braking system rules you could lose a lot of money fast in trading options. But you know that. On the other hand if you learn to trade well, you could potentially make a lot of money fast too. So in conclusion, get educated and do a lot of practicing of correct trading actions. Learn how to trade well mentally and emotionally. You could put yourself in position to succeed mightily.