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Your Most-Asked Questions Answered

Your Most-Asked Questions Answered

Posted On September 18, 2021 9:30 am
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Thursday I wrote to you about living a trader’s lifestyle, and judging by the email replies that I got there seems to be some interest in the topic. 

But based on the questions I got, I’m afraid there were a few misunderstandings…

So I want to clear them up.

I’m going to answer some of the most asked questions.  I’m just selecting a single question – however, if I’m answering it here it’s because we got a lot of people asking essentially the same thing. 

The first question, and I got a LOT of this one:

I am going to make this as clear and unambiguous as I can.  The answer to this question is unequivocally NO!

Not only would it be unethical for me to make that kind of claim to a broad audience, but it would also probably be illegal.  I don’t know you, your situation, your experience, your risk tolerance, etc. 

What I was saying is that Options360 is designed to not only deliver amazing trades to subscribers but also to help subscribers become more knowledgeable and successful traders on their own. 

Picks AND education.  

By adding to your trading knowledge and better understanding how and when to use different strategies, you take important steps to improving your results and working toward becoming a full-time trader – if that is your goal. 

When you join Options360 for just $19 you take an important step in that direction – it is not the end of the journey. 

Again, this is a question I can’t answer.  I don’t know your situation, how much you’re trading with, etc, etc.

Let’s take our worst performing year in the history of Options360.  We were only up 39%.

That means if you were trading with a $1,000,000 account (and followed all the trades) you would’ve been up $390,000.  

If you were trading with $1000, you would’ve been up $390. (I don’t suggest trading with $1000 – I’m just using that as an example.  The model portfolio is based on $10,000 and is reset every year.)

These are decisions you need to make for yourself – however, I can say that the education in Options360 can help you build a lifestyle that is the envy of all your friends and family

But there is NO SHORTCUT.  Not with Options360, and not with any other service out there.  

And if someone is telling you that there is a shortcut, they are trying to sell you something! 

Again, I can’t answer this question because I don’t know you and your situation.  I feel like I am saying that a lot…

However, Thursday’s email struck a chord so I want to be as helpful and ethical as I can be. 

You would need to talk to a properly licensed professional who is allowed to give personal financial advice.  I am not allowed to, so answering this question for someone would be illegal and unethical.

Even giving guidelines could be considered irresponsible.  

What I can say is this…

Become the best trader you can be.  Learn everything about trading you can learn. 

Make trades.  Collect profits and feel the sting of losses.

Get experience…

And you can take your first step on that journey for just $19.  

Being a full-time trader is amazing, but it’s not easy.  And it takes work to get to the point where you can do it.  

So just start right now.  

Have a great weekend, and until next week…

To Your Success,

Steve

About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.

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