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Can options trading be a job?

Options trading can be a job, but it also offers flexible hours.

By Max GachetPublished 2 years ago 4 min read
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Can options trading be a job?
Photo by Christin Hume on Unsplash

Hey guys, I'm striving to be a streamer and I've been looking at other successful streamers, one of them is a great trader and that's what he does. Now I have asked the question in some blogs and YouTube videos like: https://www.youtube.com/watch?v=iULScKjqtCk https://www.youtube.com/watch?v=fL-wz5PWcv8 and the responses are mixed, some say yes and some say no these are just some examples that have gotten me thinking about this.

Can you do a job with it as your main or even an option, can you make decent money with it? Can options trading be a career?

Options trading is a high risk activity, with more risk than stock trading.

Options trading is a high risk activity, with more risk than stock trading. It is important to understand that you can lose some or all of your money. Options trading is not for everyone. It requires a high level of knowledge and skill. Most people who try options trading lose money.

Before you begin with options trading, make sure you have the time, skills and patience to learn this complex financial instrument. The answer to the question “can options trading be a career” is yes and no. Yes, if you have the right mindset, time and patience for learning, then you can make decent money out of it by becoming an expert in options trading.

Options trading is the buying and selling of derivatives such as puts and calls.

Since options trading is a derivative, the risk is limited to the price of the option. If you buy a put option, you have the right to sell at a particular price. You don't have to own the underlying security, but if it goes down, your loss is limited to the purchase price of the put option.

Options trading can also be done as a job. Some people work as options traders in banks or other financial institutions where they trade on behalf of customers or their employer's assets. Options trading can be profitable and rewarding in many ways. It takes some time to learn how to trade options properly, though it's not as complicated as some people might think.

People who trade options for a living start by setting aside enough money to carry them through the 1-3 years it usually takes to become an expert options trader.

Options trading can be a full-time job if you want it to be. If you are willing to dedicate yourself and invest the time, money and effort needed to become an expert trader, then you can make a living from it. However, if you just want to try your hand at options trading for fun or as a hobby, there's no need to quit your day job.

The first step in becoming a successful options trader is to set aside enough money so that you have enough cash on hand to carry you through the 1-3 years it takes most people to become expert traders. This means setting aside several thousand dollars per month so that you have plenty of capital for both your initial trades and for any losses that may come along during that time period.

Once you have enough cash set aside, the next step is finding an online broker that offers a wide selection of tools and software for trading options online. Most reputable brokers will offer free practice accounts where new traders can hone their skills without risking their own money until they feel ready to trade with real money.

Top pros have a consistent approach to trading that they've mastered and can follow in any market environment.

Options trading is a job? Yes, it can be. The top pros have a consistent approach to trading that they've mastered and can follow in any market environment. They're also aware of their strengths and weaknesses as a trader, so they know what strategies work best for them. These traders are often able to make money even when markets are moving against them — which means they're making money when others aren't.

So if you want to learn how to trade options successfully and make it your career, this article will help you understand exactly what it takes to become an options trader. What does it take to be a successful options trader? The first step is to understand that trading options is like any other business: There's no guarantee that you'll succeed, but there are things you can do to increase your chances of making money from day one.

In Brief...

Yes, options trading can be a legit career. I have traded professionally for about twelve years now. Over the last decade and a half options trading has become more widespread on Wall Street and online with hundreds if not thousands of companies offering some form of option trading platform for individuals to trade with.

The simplicity of the non margin based trading platforms is what draws new traders but there's also lingering psychology from 2008 crash that scares people away from trading options.

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About the Creator

Max Gachet

Passionate about writing! 💬 Fan of the Finance and trading. Life is too short to not write and help the others...

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Very well written. Keep up the good work!

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Comments (2)

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  • Jean-Paul Boulle2 months ago

    Who knew playing with options could be a career choice - sign me up for that office! Max breaks down the world of options trading in a way that even your grandma could understand. I like how he makes complex concepts feel as digestible as a slice of pizza. A must-read!

  • Jean-Paul Boulle2 months ago

    Options trading as a job? Sounds like a rollercoaster ride where the only safety harness is a prayer to the market gods! Max really breaks it down in a fun and informative way. If you're ready to dive into the risky world of trading, make sure your heart and your wallet are both in good shape!

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