Put Credit Spread is your insurance
To truly build long-lasting wealth, you need to generate multiple reliable streams of income. That’s what Buffett did by sometimes selling put options.
A put option gives the buyer the option to sell the stock at a certain price on a certain date. Think of buying a put as the same as buying crash insurance.
When you sell a put, you are selling this insurance (and selling insurance is one of the most profitable businesses in the world).
This week all my accounts are slowly rising and are all green. I am sharing this small info so that you can begin to rethink as I had to do this week. I had too many calls that were reversing on me. This was a losing proposition in the long term. I know we want to hit home runs and make tons of money. But the smart and savvy money is to choose strategies that you do not worry and can make small incremental rise over time. Learning more than one strategy is good, however, it must be used for the right conditions.
I recommend Market hero for their training modules, guidance on trade size and not to lose more than 5%. Choose trades that you have more than a 50% winning side. Here is the contact for Market Hero:
| Support Team <support@stonybrooksecurities. |
I do not believe in holding back ideas and resources. For me it is not just am I making money and selling info. I believe if I can share information that can help you grow your wealth, I will receive more.
Happy investing and trading.
Chari Farmer Ogogo
BeSavvylivewealthyinc.com
chari@besavvylivewealthyinc.com
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