The One Thing You Need to Make Money in Today’s Market

Editor’s Note: If you’re already set up with your trading account, then you’re ready to take the next step… And that’s to learn about the number one secret Wall Street has been hiding for as long as I can remember. It’s the kind of market intel that gives you a real shot at making serious cash. Go here now to get your hands on this critical information.

Dear Power Profit Trader,

You’ve already chosen your broker and started the process of opening your options account. That means you’re almost ready to trade.

So naturally, the next step is trading, right?

Not quite…

Lately, I’ve been getting a lot of questions surrounding one topic: how do I get started?

Well, today we’re going to go back to the basics – and I’m going to tell you all my secrets to make this process quick and easy so you can get to making profits.

So, here’s what you need to know…

The Truth About Trading

Trading options is simple, and the benefits speak for themselves: lower cost, lower risk, greater potential gains…

But before you can actually place your first trade, you’re got to get your “options clearance.”

Now this won’t get you access to any classified information…

But it will get you approved to start trading options. Options clearance is basically when your broker asks you a series of questions to determine the types of options you’ll be able to trade in your account.

And I’ve broken down the process of opening your options account into five very easy steps.

Now keep in mind that while all brokers will ask you these questions, the specific order and phrasing will vary. In this guide, I’ve given you examples of the questions you’ll be asked based on Charles Schwab’s application process.

So let’s jump in…

STEP 1

The first thing you need to do is get whatever clearance lets you buy “calls” and “puts.” Clearance levels can vary from broker to broker but typically include four levels (some include five). Here are the clearance levels for Charles Schwab:


The other thing your broker will ask you is whether or not you want “Margin Trading” or “Margin” added to your account.


A margin account is a basically a “loan” given to you by your broker. This allows you to enter certain trades that could potentially end up costing you more money than you initially put in them.

You don’t have to worry about this when it comes to either of my services, though. Since you only need, at minimum, Level 1 clearance, Charles Schwab (and some other brokers) won’t require you to open a margin account.

And keep in mind that you can always apply (or re-apply) for a higher clearance level. All you need to do is call your broker.

Now let’s move on to the next step…

STEP 2

After you’ve chosen the clearance level you want, your broker will then collect your personal information (such as your income, employment, and trading experience). Like the clearance levels, these questions could vary depending on your broker, but the purpose is the same: verify your identity and determine your suitability for options trading.

This is what you can expect using Charles Schwab’s options application:


As you can see, this information is really no different from any other financial application you might complete to, say, open a checking, savings, or retirement account.

STEP 3

When you get to questions about your annual income and net worth, remember that this is only used to determine what types of options you can trade as well as to verify your identity. It’s similar to the information you’d provide when filing your annual tax return, too:


Charles Schwab (and many other brokers) ask for both “Total Net Worth” and “Liquid Net Worth.” As the definition in the margin explains, “Liquid Net Worth” includes all investments that can easily be turned into cash, including funds, stocks, and so on.

However, “Liquid Net Worth” does not include any real estate investments. So don’t include the value of your house here.

Your “Total Net Worth” will include all of your “Liquid Net Worth,” as well as any illiquid assets you may own (such as real estate).

And don’t worry if this seems too complicated to figure out on your own… Charles Schwab, for example, has the Personal Net Worth Worksheet you can use. There are also plenty of calculators and other helpful tools online you can use, such as the “What is My Net Worth?” Calculator.

STEP 4

The second to last step in getting your options trading clearance is providing some information about your trading experience and knowledge.

Now this isn’t a trick question… you’ll want to check the box under knowledge level based on how much you know about options trading.

If you’ve never heard of options (until now, of course), you’ll want to check the box next to “None” under “Knowledge Level.” If you’ve heard of options before then you’ll want to check the box next to “Limited” under “Knowledge Level.” If you’re pretty familiar with options, you’ll want to check the box next to “Good” under “Knowledge Level.” And if you know options like the back of your hand, then go ahead and check the box next to “Extensive” under “Knowledge Level.”

The same thing applies to “Options Trading” below…

If you’ve never traded options before, you’ll want to check the box next to “None.” If you’ve placed an options trade before but are still pretty new to them, you’ll want to check the box next to “Limited.” If you trade them pretty regularly, you’ll want to check the box next to “Good.” And if you’re trading options like a pro, then go ahead and check that box next to “Extensive.”

STEP 5

Now the only left for you to do is sign and mail, fax, or upload (depending on your broker) your application. That’s it!

And remember, if at any point during the application process you have any questions, don’t hesitate to call your broker and ask. Their job is to help you, after all, and they’ll able to clear anything up in no time. I’ve provided below the telephone numbers to Charles Schwab, TD Ameritrade, and Fidelity right here: for Schwab, call (800) 435-4000. For TD Ameritrade, call (800) 669-3900. For Fidelity, call (800) 343-3548.

Now that you’re armed with the tools you need to get your account up and running, it’s time to start learning how to make some serious cash.

That’s exactly why I put together this guide. In it, you’ll not only read how I’ve changed my life with one unique strategy… I’ll show you exactly how to do it too.

You’ll see how to make thousands of dollars in a matter of seconds, learn about a secret three-digit code I use to access this instant cash, and how this all only takes a few simple mouse clicks.

Click here to access this free guide right now.

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