How to Trade Stock Options Level 1: Start Day Trading

Learn how to optimize your investments following a proven action plan for day trading stock options.
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  • Lectures 30
  • Contents Video: 2.5 hours
    Other: 2 mins
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 2/2015 English

Course Description

Day Trading is talked about and seems mysterious. Some people are quietly very successful while the masses are warned about the dangers. The course takes away the complexity and shows the non-technical (and some technical) parts of trading Stock Options.

The course includes examples of good and bad indicators. This course has the rules for trading successfully and why they work.

We start out with basics that you need and go directly to the proven trading system rules. We cover the important elements: What, Why, When and Where.

If you're looking for a fast path to successful trading, and want to enjoy a 4-hour work week, this course can get you very close to that goal. We have a follow-up course, "Stock Options Trading - Make Money & Income From Day Trading" that covers any remaining questions people have, how the software you see in this course works and some trading strategies. Our advanced course: "Day Trading Stock Options 3 - The Cornerstone Method" is now available.

Start your journey to financial success today!

What are the requirements?

  • No prior knowledge of stocks or options are required
  • You will need a Windows PC or Mac for trading. This can't be done professionally with a tablet.

What am I going to get from this course?

  • Understand what Options and how they work within the confines of a financial management strategy for your capital
  • Know what Call and Puts are and when to use them as you trade.
  • Spot good profit opportunities in the markets.
  • Practice trading successfully.

What is the target audience?

  • This Day Trading introduction is meant for adults wanting to make a better income. No prior knowledge is needed.
  • This course is ideal for "Math Whizzes", highly analytical people who find working at menial jobs for low wages disheartening.
  • If you find detailed charts and swirling patterns of numbers mind-numbing but can tell the difference between red and green, can follow simple rules and recognize repeating patterns, then this course will be of great interest to you if you want to remove the 40 hour work week from your life and replace it with a work week that can be, after only a few months of practice, less than 4 hours.
  • There are lectures within the course which even experienced traders will find helpful for them to improve their trading. It is however firmly designed for students with no, zero or extremey little experience with financial makets.
  • This course is designed for people planning to retire but without the capital to continue their lifestyle.
  • If you are tired, regardless of your age, with the 'Rat Race' and think there must be a better way and are willing to practice new skills to become proficient at them, this course wil show you the beginnings of our "10% in 10 minutes" philosophy.
  • If you are nearing retirement age, don't want to apply at Walmart for extra income once you do retire or your present income isn't paying all your bills, then this course will show you how it is possible to earn more without spending 40 hours a week doing it.
  • Traders who have or can apply and be approved for an Interactive Brokers Options account
  • Traders who can afford $2000 annually for the trading platform

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction to Day Trading Options
02:02

Trading is one of the uniquely modern ways to become wealthy in a relatively short time. These financial times hold an amazing opportunity for people that take advantage of it. This course is a clear path to repeatable success as a trader. (Enjoy more of your life. The less-than 4-hour work week is right here.)

01:52

This is an introduction to Investing and focuses on Trading for faster profits and lower risk.

You will know the What, When, Why and Where for trading. These facts are necessary for repeatable success.

Article

Simple strategies are the best. Being relaxed as the lectures entertain and educate is the fastest way to absorb it. Don't take notes the first time through since the points are delivered crisply and are very visual. If you need to watch it again, it's always here for you. Note: Being critical of the content will distract peoples brain (lower IQ during learning and reduce learning rate).

10:54

We teach 10% in 10 minutes. We look at risk and reality. See a chart of growth from a University Finance professor. See what a $1,000 account or a $25,000 account can do in a year. Don't expect to hit this goal on the first try. Greed versus Fear. Once in a while you can hit a home run, but think of it as gravy and not your bread and butter.

Section 2: Stocks, Options and Charts
01:27

Allen explains what a stock is.

01:36

An Option is a contract that can be bought and sold. It has some rights and conditions.

00:51

There are a few tools that Day Traders need for high-speed income. {Charts, Brokerage Account, Indicators} These will be covered in more detail in this course.

02:40

Charts are the primary way that traders get information visually. This is an introduction to charts.

Stocks, Options and Charts
5 questions
Section 3: Calls and Puts
02:29

The types of Options and the elements that go into making an Option.

05:07

A "Call" Option is intended to make a profit when the Stock rises.

05:07

A "Put" Option is intended to make a profit when the Stock falls.

05:33

Of the 7,000 active stocks listed on the NYSE only a small fraction have options worth trading. Get the criteria for picking an option. There are over 1 million option codes. Only a few are barely worth our attention. Goal is to have 30 stocks to watch.

01:25

Most people listen to the news for tips on what to trade. Know the advantages and disadvantages of following the news. Professional traders use the news differently than the general public does. Resources include links to books that talk about how News doesn't work for people as Tips.

02:21

Why it is better than looking at the news? Examples of trending in ordinary life. Examples of stocks that trended. Blending News with Trending for investors. Trending is great for Traders!

04:49

What are indicators? Why we use them.

01:16

Practice makes better. Don't need to be perfect. Need to be professionally skillful when trading. Start with practice until you know you are great at trading - without risking money.

10:21

About the Replay function. {Just moving back and forward and using the buy calls/puts window showing no indicators, randomly winning and losing based on eyeballing the candlesticks.} [** Use sports examples and medical examples - Doc looking at xray. **]

Calling All Puts
7 questions
Section 4: Options Trading Made Easy
01:52

There are times when installed software has advantages over browser pages. The limitations of browser versus importance of Day Trading with money. Portable isn't as important as professional. Entry and exit in short timeframes. Focus on best app you can find for 20 minutes and then enjoy the rest of the day.

If you go with any service or software, just be sure they have indicators that work for you. The K-Band and M A Genius are examples of great indicators. I find the MACD is too slow. Over 600 indicators out there and you'll find people that love various indicators. I recommend that you get repeatable success no matter which ones you like. It must be a system of simple rules.

11:30

Look at a couple random dates and stocks to watch and see the trade developing. This is like what we are do everyday in real trading. You can pause and confirm that you can run through the Replay and make 10% in 10 Minutes, then come back to see the trades.

08:05

Showing another random day and the trades rules.

01:35

For highest probability of success, we want "the wind at our back". We move with the tide, not fight it. We use human trading patterns (emotional trading of others) to make for more reliable conditions for ourselves. Investors are pushing the market or a particular stock in a direction with their desires. We ride along. We are looking for those conditions to be met *first* and then we act. That method eliminates forecasting, guesswork and hoping for success.

14:24

This lecture isn't for everybody. It's technical and detailed. It is for people that want to explore trading ideas. As you become more familiar with Options Trading, you are exposed to different strategies and indicators. How do you know they really work? Hindsight is a teacher, and in the markets, patterns repeat themselves because it's driven by creatures of habit: people. A trading system needs to have repeatable success. If you develop something, please test it thoroughly. This lecture gives guidance to those that want to build a unique system of their own.

Ready to practice?
2 questions
Section 5: Brokers
02:05

If you want to buy or sell in the Stock market, you need a brokerage firm.

2 questions

What do you know about Brokers?

Section 6: Conclusions
Article

To trade successfully, you need to be set up for success. Your brokerage account has to be set up. You have to have completed at least 15 practice trades. Then you are ready to move into the 'Live' version of WoP. [ Brokers often have simulated "demo" account... get good at clicking your order. Most common mistake by far is clicking the wrong buttons: Buy/Sell Call/Put. I always prepare my exit order right after getting the entry order filled. Makes that part simple and accurate.]

If you plan on "10% in 10 Minutes", you should be prepared to exit trades almost as soon as you enter them

05:56

Live Trading is an extension of what you learned in practice. Here is a view of the Live market and some information about trading volume.

Daily Option Trades Making 10% in 10 Minutes
Article
01:42

Allen walks you through the process when your trial version of Waves of Profit expires.

Section 7: Bonus Lectures on Trading
1 page

$45K! Huge day for one of our students. The Chinese stock market melted down (crashed) and pulled down the stock market in NY and around the world.

I interviewed David and asked him how he did it. Then Allen and I dissected the days so you have a blow-by-blow description of the events.

The recording is not available in the course, but you can watch it on our closed Facebook group page.

https://www.facebook.com/groups/wavesofprofit/

17:05

Allen shows advanced strategies where he made two trades in less than 30 minutes: one made 30% and the other 20%.

31:14

Allen and Scott are joined by a successful trader and discuss two profitable trades on January 19th and 21st as well as the outlook for the market.

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Instructor Biography

Scott Paton, Executive Producer (42 Podcasts, 50+ Udemy courses), Trainer

Scott Paton has been podcasting since the spring of 2005. His podcast "Weight Loss and The Mind" hit over 375,000 subscribers in its first year and over one million downloads. He has executive produced and/or co-hosted over 35 podcasts. An internationally renowned speaker, Scott has presented to audiences from London, England to Sydney, Australia, from Vancouver, BC to New York, NY, from LA to Rwanda. Thousands of entrepreneurs and NGO's have changed their public engagement strategies based on Scott's sharing. We hope you will, too!

Scott has over 32,000 students from 162 countries taking his courses.

Scott joined Udemy in 2013. In late 2014, one of his clients inspired him to make a video course on Podcasting. He revisited Udemy and got very excited at the potential. After his course went live, Scott told his clients and many decided to make courses but needed help, so he has become a co-instructor with them, while continuing to support and build his own courses. His co-topics all include areas of life-long learning by Scott, including Stock Option Trading, Alternative Health, EFT, and Relationships.

Instructor Biography

Allen Maxwell, Waves of Profit Day Trading Software Founder

Allen has been a master programmer and a profitable day trader most of his life. He shares how you can follow a few simple rules and use an easy to understand program to make consistent 10% gains in 10 minutes. Nothing is 100%. He teaches the greatest challenge to your financial success is YOU. Self-sabotage behaviors derail more investors and traders than any other factor. Trading in options is a battle between 'Fear' and 'Greed'. Powerful emotions that you learn to control with experience and training.

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