Replace Your Income with Options
This podcast will guide traders through proven options income strategies to generate consistent 1% weekly returns, helping them transition from a job to financial independence.
Target Audience: Professionals looking to replace their income with options trading, beginners seeking a structured approach, and traders struggling with consistency.
Replace Your Income with Options
Stress-Free, Passive Trading with Allen Sama, Ep # 83
Allen Sama is the head trader, and trading coach at OptionGenius, who specializes in high probability trading. He got his start after getting laid-off, and then he had to get serious after he lost $40k of his newlywed wife’s savings!
In this episode of How To Trade It, Allen shares how he mixes stocks and options together to maximize his profits. You don’t want to miss it!
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You’ll want to hear this episode if you are interested in…
- [01:48] Allen’s take on using stocks & options to create passive income
- [06:20] How Allen selects his stock companies
- [33:02] When it’s time to dump that stock
Creating Passive Income
The secret to creating passive income isn’t about hitting “home runs”, but rather is about learning to consistently make base hits, over and over again. This style of trading works well for Allen’s temperament, since he wants to keep his stress level as low as possible.
Selecting Companies
For Allen, selecting stocks to purchase isn’t really rocket science. He suggests looking for big name companies that you are a customer of yourself, or companies with which you are already familiar. If the company offers good dividends they are usually cash-flow positive, and therefore a good company to invest in.
Time To Dump That Stock
As a general rule, Allen Sama buys and holds his stocks for years. If the underlying fundamentals of a company change, that’s when it’s time to sell the shares. Allen looks for things like: a CEO leaves or dies, employee lay-offs, cutting dividends, closing stores, or not expanding. .
Resources & People Mentioned
- www.OptionGenius.com
- Passive Trading: How To Generate Consistent Monthly Income From The Stock Market In Just Minutes A Day by Allen Sama
- www.PassiveTrading.com Claim your FREE book here...just pay the shipping!
Connect with Allen Sama
- Website: https://www.passivetrading.com/free-book-offer-999
- Website https://optiongenius.com/
- Twitter: https://twitter.com/optiongenius
- Facebook: https://www.facebook.com/groups/optionstradersalliance
- LinkedIn: https://www.linkedin.com/in/allensama/
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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose.
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