Part 5: Get Your Account Ready to Trade

Complete the actions to take below. You can follow along with my video by clicking “Read Cash Course: Part 5”.

Action to Take

Make sure your account is ready to trade (whether opening a new account or getting clearance to trade options in an existing account). The entire process takes up to two days, so you’ll need to act now if you want to start collecting profits immmediately – and building an unlimited stream of income.

In Part 4, I showed you why the only way to cash in on any market condition is to flip stocks – never buy them.

And now, I’m going to make sure you’ve got your account ready to trade – and collect profits – in two simple steps.

First things first…

If you’ve got a retirement account, such as an IRA or a 401(k), you can actually trade options in it. In fact, all you need to do is contact your broker to get it converted for options trading. Then, you’re ready to move on to the next step: getting your options clearance.

But if you don’t have an existing account or would prefer using a separate account for options trading, these are the two steps you need to take:

Step 1: Choose Your Broker 

Step 2: Get Your Options Clearance  

The entire process takes up to two days to complete, so you’ll want to get started as soon as possible. In this short guide, I show you how to secure your options clearance in just five quick steps. 

And one more thing…

Nowadays, you’ve got a crucial advantage veteran options like me never had when starting out – the opportunity to paper trade.

Paper trading – also called virtual trading – doesn’t involve real money, and it’s the single the best way to get familiar with options trading and placing orders before you start using real money.

After all, there’s nothing like putting an order in backward to kill your ego (my very first trading mistake) – so make sure you’re taking advantage of this awesome tool.

Next, in Part 6, I’m going to walk you through a “trading” checklist to make sure you’re all set to start taking profits.

Click the green button at the bottom of this page to continue to Part 6. 

Q. Which one of these accounts doesn’t allow options trading?

A. 401(k)
B. 529

Q. You need “clearance” to…

A. Buy cryptocurrencies
B. Trade options
C. Invest in stocks

Q. What’s the one tool at your fingertips that will help you get familiar with placing options trades?

A. Wall Street
B. Pink sheets
C. Virtual trading

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