Option trading in your spare time

I live nowhere near Wall Street—my husband and I actually used to operate a gift shop in a quaint little town called Asheville, North Carolina. Our gift store was successful, and we always envisioned it as our retirement plan… until one day, disaster struck.

A heavy storm hit our area, and our shop was completely flooded—everything lost, and we had no flood insurance. We were in trouble. So while I began looking for new ways to make money—a friend introduced me to options trading.

Somehow, it just made sense to me, and I got really into it. I started reading books, watching financial news, taking courses… Most surprising of all, I got really good.

I was beginning to make more money trading than we had ever made in our gift store, so I decided to pursue it full time. InI created something called the P3 System, a strategy that zeroed in on a chart pattern that pinpointed when a stock was ready to significantly pop up in value. Back then in my beginning option trading studies, I learned about three trading vehicles. Stocks are obvious; Apple Inc. This is where I focused most of my attention during those early trading years. Indexes are usually funds based on something larger.

ETFs, on the other hand, are a basket of stocks that often have a theme or connection. A medical ETF might incorporate stocks from cancer research, medical supply and billing, hospitals, nursing and hospice care companies. Other ETFs might be sector or industry related. And so for 7 years, I traded options on those stocks almost exclusively.

Then one day as I was backtesting the P3 System squeeze option trading in your spare time on stocks and ETFs in different time frames, I made a huge yet accidental discovery…. What I discovered in that moment was that the QQQs have a combination of special elements that make it both lucrative and steadier than most other forms of options trading! I appreciate your time and as always, I wish you the best. In when Hurricane Frances and Ivan brought a deluge of rain down to flood our family's gift shop, I had option trading in your spare time idea the events would help me to redefine myself.

At option trading in your spare time 54, I started on a journey that changed my life and our family's financial circumstance. During the time that the shop was drying out, I took the money that had been set aside for the electric bill when the electricity was finally turned back on and I option trading in your spare time for short series of option trading classes. I was bit by the bug and knew right away that option trading was a good fit for me. It didn't take long for me to discover that Wall Street was an elite "boys" club where a woman and common everyday trader option trading in your spare time not allowed access or taken seriously when it came to trading.

Books and trading materials were written to intentional make the information seem like a foreign language that only a few with financial college degrees could hope to understand. I spent a couple years decoding the information; stripping away the wheat from the chaff; discovering the important trading nuggets and tossing out the information that was intended to confuse. There came a point when I finally was winning more trades than I was losing and I knew that I could teach others to use option trading as a way to achieve financial independence.

If it could so drastically change option trading in your spare time life, it could change others. My first intention was to help other women take part in this exclusive area of trading that was dominated by men. A Guide to Financial Independence for Women. It wasn't long before I found that despite the bright pink cover that hard working men who were "men enough" to carry around a pink book and they wanted to achieve financial independence, too. From then on, my personal goal and teaching efforts were directed to the everyday person who needed to change their financial circumstances.

I heard from many Pink book readers who asked for more trade information about a pattern called the Squeeze. In the Pink book I mentioned that it was a "guaranteed" trade pattern that showed option trading in your spare time an equity was going to move up in price. Guaranteed - hmm - that word drew a lot of attention. Profit Probability Potential was possible by a trader who could visibly see when an equity would head up. This squeeze pattern jumped out at me, not because I was an expert chartist, but because I was an artist.

For 25 years in our gift shop, we sold my paintings and realistic decoy duck and bird carvings that my husband and I created. My brain was wired for patterns and design. This is another aspect that set me apart from Wall Street type of traders. So I wrote the P3 System. The book concentrated on the squeeze pattern and how to trade it. The book covers pattern details, including specific entry and exit alerts and signals.

Again, readers orchestrated the next strategy book. Traders who read and were option trading in your spare time from the long squeeze pattern described in the P3 book asked for a pattern to trade when the market dropped.

It took a long time and a lot of chart looking to discover a pattern that was as easily visible as the P3 squeeze. One day all the pieces fell together and the T3 pattern was born. So now traders had a system to trade both side of the market.

When Weekly Option expirations were introduced option trading in your spare time the trading community there was a great deal of excitement. My readers asked for a simple strategy, based on basic trading principles to trade this new trading vehicle.

They wanted a strategy that was easy to utilize that would help eliminate hesitation brought on by too many indicators to consider when it was important to be able to enter and exit quickly.

The Wealth Building book filled that need. The strategy is based on trend line breakout, breakdown and support and resistance as well as pivot points. The chart set-up clearly shows these entry and exit areas.

There is a weekly newsletter that lists stocks that a likely to have a large upcoming move. Option trading in your spare time didn't take long for traders who were enjoying all the benefits and leverage of weekly option expirations in the Wealth Building strategy to ask for a way to apply the P3 squeeze pattern to intraday charts so they purchase weekly expirations.

At this time, I discovered a new short trade pattern. It used the same indicators as the long squeeze pattern. The Price Surge System book covers both the long and short patterns. After finding and trading the squeeze pattern for several years, I discovered that every squeeze goes through 7 stages.

These stages are covered in great detail, so that a trader can look at a chart and know exactly where the pattern is in its unfolding process. This knowledge allows a trader to consider a second entry point and also areas where he can hold a trade, knowing that the equity is likely to recover quickly from a quick pullback. This keeps a trader in a trade that he might otherwise be shaken out of, only to have the price recover within a candle or two.

More and more everyday people want to learn how to change their finances. Stress-Free Wealth Building takes a trader who is totally unfamiliar with the stock market and takes them through the basics. It builds layer upon layer until they have a good grasp of not option trading in your spare time the financial aspects of the market, but they also understand chart indicators, chart reading, chart patterns, option chains and several trading strategies.

This book builds an option trader from the ground up, covering all the needed information so they have a good grasp of option techniques.

A trader can virtual trade and practice until they are ready to commit real money. I often hear traders say that among the option trading in your spare time of stocks and equities available to trade how do you select the ones to trade. The Quintessential QQQs focus on just one equity: The patterns covered in the book apply to a variety of time frames so that there is always a trade on just this one equity. This strategy is designed for a trader with a small account but can be traded by traders with more substantial funds to invest.

It is easy to feel overwhelmed if you allow yourself to think of the stock market as an abstract and baffling concept, we found it helpful to think of the market as a living being. As a living entity, the market: Prime Entry Profits… PEP for short… is a day-trading and short-term system using predominantly minute charts.

Going to the shorter timeframe is what keeps Millionaire Maker profits rolling in even when the market refuses to trend. Meet Wendy I live nowhere near Wall Street—my husband and I actually used to operate a gift shop in a quaint little town called Asheville, North Carolina. Actually, more than that… I became obsessed! My Accidental Discovery… Let me explain. I have taught hundreds of traders about these three instruments to trade: Then one day as I was backtesting the P3 System squeeze pattern on stocks option trading in your spare time ETFs in different time frames, I made a huge yet accidental discovery… What I discovered in that moment was that the QQQs have option trading in your spare time combination of special elements that make it both lucrative and steadier than most other forms of options trading!

Working a option trading in your spare time time job I don't get to trade option trading in your spare time often as I would like to, but when I do I try to make it count. Lucky for me, I have an understanding boss and Option trading in your spare time able to get my work done without issue.

So any day I can grab some ticks from the market during work hours I count as a win Started off with NFP, at 8: I didn't even have time to set proper take profits don't try this at home kids so I had to exit out of every trade manually And finally I closed out my day with a couple of spread plays A hybrid straddle on GC I copied Darrell's Siamaese Straddle, but I don't think I did it right - plus I forgot to change my number of contracts and got all messed up and a directional play on NQ that turned into an Iron Condor at the end of the day:.

All in all not a bad day at the office! My day job pays me bi-weekly so I do the same and pay myself bi-weekly from my trading on opposite weeks so no withdrawal for me this week. I'm getting closer and closer to my goal of leaving the day job. So anyone who questions whether they can do this while working a full time job, I'm living proof that it can be done and I'm no trading whiz by any stretch.

Option trading in your spare time Friday and have a great weekend. Peter, you must have placed those trades pretty quick The problem with hybrid straddle on gold is that it is 25 points range which is pretty wide and gold doesnt move so much so often, yes there are days when it moves 30 points up or down but from what I saw on charts when there are h till expiry the chances it will move 20 points or so are slim to none.

It was one of those situations where the risk was so low, that I thought what the hell You are correct, it does need a really big move though! Your missing the point. It will happen and the risk is 0. This is not a trade you put on expecting to win. This is a trade you put on expecting eventually one of them will move huge and will profit.

You can lose a lot option trading in your spare time still make a nice profit and they are no stress trades. Honestly it's all relative to what your level of comfort with risk is. I will give you a real world example:. Scalpers can probably do this in 3 or 4 trades, trend traders could probably do this in 1 trade depending on what you are trading. If you are limited with funds, NQ is a good place to start and you could do this on futures or with Nadex spreads.

This really over simplifies it but I do this purposely to show you the potential. Option trading in your spare time could even do it with a much smaller account but you would be taking on a higher risk ratio, if that is in your comfort zone for risk tolerance. That will give you an indication if this is achievable for you and your trading style.

Whatever you do please realize, if you can't do it in demo, don't expect to do it live. Live trading introduces the psychological aspect to trading that can cause you to make bad choices. Love the reply Peter. Keep them as long as possible with pictures pleasewe will learn a lot more. Trade in your spare time Live Trades General Trading Forum.

YOU can do this and why you should. Peter, I think you qualify! Way to go buddy! I will give you a real world option trading in your spare time Get Free Futures Data Link: Get Free Forex Data Link: