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The Option Alpha Podcast

69: Is Your Options Strategy Scalable? 3 Tips for Growing A 6-Figure Trading Account

The Option Alpha Podcast

Kirk Du Plessis

Education, Options Trading, Trading, Investing, Stock Market, Business, Finance

4.81.2K Ratings

🗓️ 7 November 2016

⏱️ 19 minutes

🧾️ Download transcript

Summary

Show notes: http://optionalpha.com/show69 Regardless of your current account size or trading experience level, you should be putting some serious thought into how you plan on scaling your options strategy over the next few years. Especially if you’re looking to generate a consistent monthly income from options trading, you probably realize that having $10,000 in your account won’t be enough to generate profits to replace your current job or salary - or if this was a shock to you, sorry...

Transcript

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0:00.0

You're listening to the Option Alpha Podcast from Option Alpha.com where we show you how to make

0:06.3

smarter trades learn how the stock market really works and generate consistent monthly

0:11.2

income. Now your host and head trader at option alpha.com, Kirk depluses.

0:17.0

Hey everyone, this is Kirk here again at option alpha.com working every single week to make this the most popular

0:25.1

investing podcast offered online because it's based on one thing and one thing only and that's helping you guys make

0:30.8

smarter trades. So again thanks so much for tuning in today on today's show.

0:34.8

We are going to talk about scaling.

0:37.2

Now this is a topic that actually comes up a lot in emails and I often do coaching

0:42.0

and as many of you may or may not know I guess I do coaching often with a bunch of

0:47.2

Traders from all over the world and people sign up for a coaching session with me. It's just an hourly cost to do coaching session, but I've recently

0:54.4

been doing a lot of coaching sessions with a couple people who are multi-millionaire traders, meaning they're trading

1:00.0

multi-million dollar accounts, and it's been interesting to help them progressively get from where they are to

1:07.0

starting to scale out their strategy into bigger products and undefined risk strategies and things that we're going to talk about here today.

1:15.2

And it's definitely a progression because, and look, it's not easy to start trading to begin with,

1:19.8

but then it's really not easy, although you may think it is, and some of you maybe with a smaller

1:24.7

account now have to realize this when you start growing into a bigger account, that it's actually

1:29.4

tough to start scaling into a six or seven figure account.

1:34.0

It's very hard to take the same strategies that worked on a $10 stock or a $20 stock

1:39.6

and really start doing it at mass scale.

1:42.6

Now the reality is that it's completely possible.

1:45.1

So one of the ladies that I coach with

1:47.2

and obviously will remain unnamed.

...

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