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FAQs – stock options trading

Teaching life changing skills

Who can learn to trade Options ?

Anyone with an interest in trading can learn to trade options. It takes the same discipline and focus that learning to trade stocks would take. All trading involves risk so don’t risk your hard-earned money without learning how to manage risk.

 

Is Option trading allowed in an IRA?

Yes, Options trading is a great way to prepare for retirement or to generate income during retirement. Although not all, most brokerages allow option trading within retirement accounts (Self-directed Roth, Traditional, and, SEP IRAs). They have different forms or permissions they require so check your brokerage to see if they allow it.

 

Do I need a special account to trade options?

Yes. You will need a brokerage account just like you would need to trade stocks. If you have a stock trading brokerage account you will need to request permission to trade options. Check with your brokerage to see what forms are required to request that permission.

 

Do members trade options while they work at other jobs?

Our service is great for people who aren’t full-time traders.  Our members learn how to read charts, execute trades, and how to manage profit and loss. We also offer a trade alert service that notifies people when we make a trade so members who are busy with their lives can stay informed when we find an options trade set-up we like.

 

Do I need a lot of money to trade options?

We want to make trading a viable opportunity for everyone. There are so many brokerages that allow an account to be opened with very small amounts of cash. Trading options gives uses leverage to turn a small account into a larger account relatively quick but that leverage can also work against a trader too.  We want all our members to know who to manage their trades not just how to enter.

 

Can I trade options for full-time income?

Watch our live trading videos and Dave will show you exactly how he has been trading for a living for nearly a decade.  The income that trading options can provide can be life-changing. Many of our members retired from their careers and began trading only to find they are making more money in “retirement” than they did at their job.

Options for growing savings

Should I trade stock options in my IRA?

Yes, Options trading is a great way to prepare for retirement or to generate income during retirement. Although not all, most brokerages allow option trading within retirement accounts (Self-directed Roth, Traditional, and, SEP IRAs). They have different forms or permissions they require so check your brokerage to see if they allow it.

 

Can I trade stock options in my 401k?

Most 401(k) plans are not self-managed and will not allow Options trading.

 

What is the best way to use stock options in my IRA?

We teach a variety of ways to utilize stock options trading strategies safely and would be very appropriate for most people. The spread trades we use and the long-term options plays we enter offer limited risk.

 

Can options be used to protect IRA?

Stock options are a great way to generate income and protect positions. selling covered calls or buying naked puts are a great way to safely grow your retirement accounts if used properly. We can teach you very safe profitable strategies to use in your retirement account.

Don't quit your day job (unless you want to)

Do members trade options for a living?

Our members learn how to read charts, execute trades, and how to manage profit and loss. We also offer a trade alert service that notifies people when we make a trade. A lot of our members do not have other jobs, they trade for a living and enjoy the freedom that provides.

 

Can I trade stock options as a business?

You can certainly trade as a business. Whether its a side hustle or a retirement business trading stock options can quickly become a primary source of income.

 

Do I need a specific type of account to be a trading business?

Trading options as a business could mean different things to different people. The brokerages will have some requirements for options trading and it’s up to you to determine what your business entity should be. We will have more in-depth information available on this in the future but for now, talk to your CPA or Tax Professional.

 

Do I need to pay taxes on my profits?

You will be required to report and pay taxes on your profits from options trading, just like any type of income you earn. Your brokerage will be reporting your stock and options sales to the IRS but it’s your responsibility to keep track. They generally do not report your purchases and therefore ALL sales will be reported as gains unless you report the purchase. Yes even losing trades will seem like profits if you do not report them.

Start your retirement business

I’m retired are options too risky?

Trading stock options is not “too risky” if you know how to trade them properly. We teach several different strategies that will help you trade with confidence for consistent profits.

 

Can I trade stock options as a business?

You can certainly trade as a business. Whether its a side hustle or a retirement business trading stock options can quickly become a primary source of income.

 

Can you help me on how to create a trading business?

It’s easy to start a business as a trader and there are a lot of benefits to doing it. As always, check with your CPA or tax professional before starting any business but there is a lot of help we can provide. Complete our survey (click) and let us know you are interested in learning about creating a stock options trading business.