investment

So why do I call myself the lazy guy options trader? Like most folks reading this, I have a full time job not related to options trading, I have a wonderful family to spend my precious time with, I have a religion to worship, and I have other hobbies. How can I afford the short precious time allocated to people to learn to trade options, study technical charts, read financial news, study companies' financial reports, etc, etc, and etc? That's why I had to figure out how to successfully trade options the fast and the furious way - the lazy guy way!

So do I consider myself a successful options trader? Well, the quick answer is it depends. Success is in the eye of the beholder. I would consider myself relatively successful because I have been able to keep the probability of my successful trades (meaning profitable trades) at about 78% with about 22% unsuccessful trades (meaning it sucks to lose money). This has been a consistent track record in the last year plus.

My trading strategies are meant to keep my losses to a minimum (meaning I know what is the most I can lose even before I get into the trade) while my gains are unlimited (I had one gain of close to 140% return in less than 2 weeks. Too good to be true? That's exactly what I have been saying to myself too ;).

I also make sure that I don't risk more than 10% of my trading money in any one trade.

Lastly, I diversify my trading. I use different strategies such as bull-call spread, iron condor, bear-put spread, or straight calls or put options.

On good months, I bring home a high 4 figures profit (I made more in my options trading during those good months than my full time job!!). Most likely, my profits average between the high 3 to mid 4 figures monthly (no bad considering that I still keep a full time job that is quite demanding of my time). The key here is to win more than you lose, and win bigger than your losses.

And to think that I only started with $100 to invest in the stock market 7 years ago (yup, I got burned during the dotcom bust too, but only for a couple thousand dollars. I've heard horror stories of people losing 6 or 7 figures).

I thought long and hard over why I want to create this blog for anyone that wants to learn how to trade options. I guess the biggest reason is because I feel like I have something worthy to share. At my workplace, I realize that none of my colleagues have any real knowledge about options trading. The reason they gave me is that options trading are too risky and that you lose more than you win.

When I ask them about their experience with options trading, well guess what, they either don't have any or they lost some money in their one and only option trade and concluded that options trading is too risky. What bothers me the most is people approaches their trades like teenagers finding a date. They don't bother to do their research first and it's a hit or miss type of game.

Enough is enough. There are so many misconceptions about options trading and I am on a quest to dispel these myths. Yes, it is true options trading can be risky. However, it is only as risky as the trader's knowledge, skills, and discipline. A lot of beginners place huge bets on an option, or they borrow on margin, and when things don't go well, they lost everything. I don't call that options trading, I call that gambling.

Sign up for my newsletter and I will take you on my own personal journey of stock and options trading. I will share the strategies that I am using, the lessons I've learnt, and I'll even talk about the trades that I'm currently in or about to do. Part of the reason I'm doing this is for my own selfish reason, and that is to talk myself into not making the mistakes I've made before. However, my main goal is for all my readers to realize that option trading can be profitable and fun to learn.

I do want to add a word of caution and disclaimer (in case someone thought they'll sue me because they misunderstood my blogs and plunk their entire savings in a penny stock option and lose their shirt). I am not a licensed investment advisor. I do not claim to have the holy grail of investing, so please invest at your own risk. I do not, and would not, claim responsibility if you chose to act upon my advice or suggestions or follow my trades and lost money in your trades. Of course, I do not claim responsibility for your profitable trades too, because you really owe it to yourself to do your own due diligence and any gain or loss is your own responsibility. I do, however, take responsibility in providing you a factual and quality content in my blogs.

Option trading is not a get rich quick scheme. If you expect it to be so, then please don't sign up. You will learn to trade options the lazy guy way, but that doesn't mean that there are no action on your part to be a successful option trader.

Let our journey begin.....

Patrick a.k.a PJ

Up, up, and away!
About the Author
Patrick Lim operates www.LazyGuyOptionTrader.com, a blog about his personal journey to take $50,000 to turn it into $1,000,000 in 5 years. He likes to share the strategies he uses to try to accomplish his goal and is now giving away a FREE article he wrote about how to make a quick profit during times of market volatility.
Join him on his journey and get FREE tips and strategies at:
http://www.LazyGuyOptionTrader.com