#1 How to trade options on #Robinhood (and Profit) | #Options #Trading #Series

The Wheel Video: https://youtu.be/_uKo-bO35-Y

Cash Covered Put Video: https://youtu.be/yDpMKDZdJe4

Covered Call Video: https://youtu.be/SrBTqAVtqjo

My Previous Video: https://youtu.be/_-HoPHVwPfk

Subscribe: https://www.youtube.com/channel/UC8vvd12e7UwAztUo565YSBA?sub_confirmation=1

Broker I use to trade (Get 1 free stock): https://join.robinhood.com/samuelk1695

Charts I use: https://www.tdameritrade.com/tools-and-platforms/thinkorswim.page

I use M1Finance for my long term portfolio:

(get $10 free): https://m1.finance/eHlo6xrwxuDS

Webull is a solid alternative to robinhood for trading/Options:

(get 2 free stocks): https://act.webull.com/e/2n3Y46ZpiHt7/h65/

Disclaimer I am not a financial advisor and this video should not be taken as financial advice. Everything in this video if for entertainment purposes only. Also, some of the links in this description are affiliate links and I may receive kickbacks for using them that help support the channel. These links help me continue to make videos and continue to increase the quality of videos.

This time let’s make it a series. 

These videos will be less tutorial and more application of what we’ve learned. I’m going to make it up as we go but to start off let’s lay a couple ground rules:

I will mainly be #trading the #wheel #strategy but may mix in some other techniques including but not limited to credit spreads, day trades, and swing trades

Let’s get started.

So you clicked on this video because you want to learn how to trade options. Well you’re in the right place.

Maybe you were browsing the degenerates of r/ #wallstreetbets and saw some massive #gains turning a small amount of capital into a big pile of tendies. 

Or you heard option hedges mentioned on #CNBC at the bottom of the pandemic march lows. 

Or if you’re really lucky you found a trading guru that would teach you how to make a living trading options … so you can quit your day job … and with little to no experience … you to could make living trading options from anywhere in the world. 

Well I’m here to teach you none of that. But instead I want to talk about how anyone can trade options and consistently profit.   I will be using a powerful #trading #strategy known as the wheel. If you are unfamiliar, I have made 3 detailed tutorial videos describing the wheel that I will link below as well as in the upper right hand corner of the video.   HOWEVER knowledge of the wheel is not necessary to understand what is happening in this series. Only if you want to learn and implement yourself.

Alright enough rambling, you're here to learn how to trade options and profit so let's get to it and make some tendies.  Currently I own 100 shares of #GE, #BankofAmerica, and #KeyBank. I was recently assigned shares of these 3 companies because I had been selling puts on them.   This leads me to the NUMBER ONE rule when #trading #options if you plan on consistently profiting. We only sell options.   What does my account look like now?   Our total profits this week were $73 all from the premium we collected from selling the contracts. And I still hold 100 shares of Bank of America, GE, and KeyBank because the contracts were out the money so I bought to close them at super cheap. Next week we will be reinvesting that $73 into more wheels!

Thanks for watching! I plan on making new videos on the regular describing my wheel trades over the past week as well as things I’ve learned while growing this account.  Make sure to hit that subscribe button for more Options Trading Videos.   Thanks for watching!  

contact: [email protected]