keys :
It’s crazy how similar our investment journeys are. I started with long term investing, then moved on to swing trading, buying low and selling high. I eventually got into selling options through one of my best friend’s dad, who taught me that I could buy stocks at a discount by selling puts, and earn extra income from stocks I already owned by selling calls. After a week of learning from him, I was hooked.
I use the premium I collect from selling calls and puts to buy more shares of the stocks I want to own long term. Once I accumulate 100 shares, I start selling covered calls. I also love the wheel strategy.
I don’t call myself a trader, the term has been overused by the day trading community. I consider myself a long term investor who sells options to collect weekly or monthly premium. Sometimes I sell LEAPs to collect larger premiums, but I rarely hold them to expiration. I typically close the position once I hit around an 80% profit target, usually after holding it for a month or two.
I make around $30,000 to $50,000 in premium each month. My friend’s dad who taught me makes around $100,000 to $150,000 per month just from selling options.
I always tell new investors to avoid day trading and buying options, it’s extremely difficult to consistently predict market direction. But with selling options, I don’t need to predict direction. If my strike price gets breached, I can simply roll the position up or down and receive more premium. I also avoid penny stocks entirely.
Over the years, I’ve met many successful long term investors, swing traders, and option sellers. But I’ve never met a consistently successful day trader, option buyer, or penny stock trader. Too many scammers on social media trying to sell new investors a get rich quick scheme by becoming a “day trader”. Sorry, but it doesn’t work like that. When it comes to selling options, even picking low deltas can still lead to consistent wins.
And finally, don’t ever pay for this information. Everything you need to learn is available for free on YouTube and other online platforms. Anyone trying to sell you a course, Discord group, or membership program is likely a scammer.
2025-06-15 08:01:10