
Follow My Trades on the mobile app, Iris! https://invite.iris.finance/share/inthemoney
(Username @inthemoney)
Get 2 free stocks valued up to $1,400 when you deposit $100 in WeBull: https://act.webull.com/k/CfaJLUrdC3v2/main
Sign up for Robinhood and get a free stock, like Visa, Microsoft, or Apple! β https://robinhood.c3me6x.net/rjg4jββ
Sign up for M1 Finance and automate your investing: https://bit.ly/2OyLsLb
(I use M1 for my long-term investments)
I use Atom Finance to keep track of my M1 portfolio: https://bit.ly/3raJQ7sβ
Try out TastyWorks, an options-focused brokerage: https://start.tastyworks.com/#/login?referralCode=4EXEMN585H
(Depositing $2,000 helps support my channel)
Discord: https://discord.gg/Ye5Uvftβ
Support the channel directly β https://bit.ly/30bW9pgβ
All promotions apply to the time the video is posted but may change and become irrelevant in the future. This description will not be updated to reflect this, check the newest video for the most up-to-date promotions.
You should not treat any opinion expressed on this YouTube channel as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Opinions expressed are based upon information considered reliable, but this YouTube channel does not warrant its completeness or accuracy, and it should not be relied upon as such. This YouTube channel is not under any obligation to update or correct any information provided in these videos or their descriptions. Statements and opinions are subject to change without notice.
Past performance is not indicative of future results. This YouTube channel does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on this YouTube channel. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested or lose more than their original investment. Investments or strategies mentioned on this YouTube channel may not be suitable for you. This material does not consider your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned on this YouTube channel. Before acting on information on this YouTube channel, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment advisor.
ββββββββββββββββββββββββ
In this one, we discuss how you can trade options with a small account. There are three approaches most commonly taken when trading options with a small trading account. This first is trading with out of the money options. They are cheap, making them within the budget of a small trader, but they also have high break-evens. In addition, if you wan them even cheaper, they expire in the near-term. This makes these kind of options inherently more risky, although the do provide more leverage as compensation for this risk. However, this type of strategy does not have positive expected value. Positive expected value is the concept of making money over the long-run when playing the probabilities involved with trading correctly. Buying OTM options likely doesnβt have positive expected value, but even if it does trading with a small account canβt handle a few bad trades in a row without going bust. So, even if you do everything right, bad luck can ruin you.
The second approach is by trading spreads. This limits your capital-at-risk, enabling you to diversify your trades into a plethora of underlyings. However, the bid-ask spread and limited profit potentials will eat into your capital (initial investment). And even still, you may not be able to handle some bad luck up front even with positive expected value.
The third, and last, approach is by not trading options right now. Instead, save up until you have around $1000. Then you can handle some bad luck, you can cope with the bid-ask spreads, and you can have negative expected value while learning without worrying about destroying your options trading account in a matter of minutes.
Thanks for watching, love you guys.