You don’t need to be the smartest, most talented, most athletic, most popular person you know to be able to make a great deal of wealth in this life.

Being a stock and or option trader allows you the opportunity for that type of wealth. And you can learn to trade either or both even if you can’t dribble a basketball or carry a tune.

Anyone can do it. In fact, trading is the great equalizer

That’s why I started the Wall Street Probe – because anyone can do this. If I can do it, so can you.

All you need to do is stick to these four simple rules…

Here’s What Separates Successful Traders from the Rest

Some of the wealthiest people in this world are neither geniuses, amazing athletes, or particularly charming. Just look at Wall Street.

But plenty of traders there can afford to have popular musicians and actors perform for them at private functions, whether it be their wedding anniversary or their daughter’s sweet sixteen birth-day party.

What all successful traders have in common, regardless of strategy, is this…

They stick to their money management rules.

Now, that may sound boring, or even scary…

But don’t worry – it’s neither.

Whether you trade stocks or options, all it takes is sticking to these four simple rules of money management.

Add them to your rules-based trading approach, and you too will be on the way to Wall Street-levels of wealth.

Rule 1: Pre-determine Your Maximum Risk Level

The first rule of money management is to determine how much of your capital to devote to stock or options trading.

This money is for shorter-term trades and should be kept separate from the capital used for long-term, buy-and-hold investments.

With a figure for that shorter-term “trading money” in hand, you’ll also want to decide how much of it you want to risk per trade.

As always, I recommend you work with your financial adviser to determine these numbers for your individual circumstances.

But when I educate my students, we run scenarios based on a theoretical $25,000 dedicated to a stock or options trading account. We then risk no more than 2% of this capital ($500) on any one trade.

That’s a great place to start, because even if you were to lose everything you invested in any single trade, you’d still only end up losing 2% of your overall “trading money.”

Now, it’s crucial that, as your trading wins add up and your account increases in size, you keep this 2% per trade rule in place.

No trading system is perfect, and you need to use trading rules that let you weather some losing trades without endangering your whole “trading money” account.

And remember, as the size of your account increases, what 2% translates into will change. For a $25,000 account, 2% is $500 – but once you’ve doubled your account to $50,000, 2% per trade means $1,000.

Once you’ve pre-determined your maximum risk level, it’s time to pick a strategy for minimizing losses…

Rule 2: Set a Stop Loss Approach

A stop loss is a tool that lets you automatically get out of a trade if it starts losing too much in value.

In other words, it lets you cut your losses short.

Now, there are a couple of ways to go about using stop losses. The usual way is to risk a set percentage, say 50%, of the money you’ve devoted to the trade (the 2% of your “trading money” mentioned above).

This is called a “% stop loss” – in the example above, where you’re limiting your risk to 50% of your investment, it’s a “50% stop loss.”

What this lets you do is close your position and recoup as much of your investment as you can if the trade falls 50% or more from where you opened it.

Having a % stop loss in place may just be what you and your account needs to preserve capital on a trade that could otherwise have blown out – and left you with a 100% loss on the trade.

Of course, sometimes what happens is that a trade falls 50%, traders panic and get out, only to see the trade recover and even turn profitable.

Let me tell you, it’s happened to me more than once…

That’s where the Cost-as-Risk stop loss approach comes in. This is where you risk the full amount of your trade (100% of your investment), and leave the profit side of the trade open.

This might sound preposterous, but especially for options – which can swing very wildly in price – it gets rid of the stress of always paying attention to price movements, and lets you capture profits without limitation.

That’s where the third rule of money management comes in. Regardless of your stop loss approach, you’ll need to follow this closely…

But traders using the method should pay extra attention…

Rule 3: Determine Your Position Sizing

Position sizing means deciding ahead of time (before spending a single penny on the trade) how many shares or option contracts you can take on for the trade.

In our example of risking no more than $500 per trade, let’s say you have an option that cost $2.50. This means your cost per contract (the lowest amount you can actually buy) is $250.

In this case, given your maximum risk level, you can buy at most two contracts, for a total of $500.

If you decide on that position sizing, and the option value goes to zero, you will lose the full $500.

But remember, because of your pre-determined risk level, that’s just 2% of your total “trading money,” which you’ve already deemed an acceptable loss.

Finally, you need to make sure your trading strategy fits your account size.

Here’s what I mean…

Rule 4: Adapt Your Trades to Your Account Size

Given our theoretical $25,000 account and 2% (or $500) maximum risk per trade, many stock trades will be difficult to execute.

Quite simply, shares can be expensive enough that you won’t be able to buy very many with $500.

While you’ll be able to get 100 shares of a $5 stock, $500 will only get you five shares of a $100 stock. That’s something to consider – and is a key advantage of options, which give you leverage over more shares for a lower risk.

So unless you have a huge trading account – with, say, $250,000 allocated to stock and option trading with the same 2% ($5,000) risk per trade rule – consider trading cheaper stocks, or using options strategies instead.

To see how you can easily get started with options, see my quick and simple guide here.

And always remember – money management is what separates wealthy traders from those who just get lucky once in a while, but lose it all over the long term.

It’s the key to building a fast fortune.

Congratulations!

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…

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” (Green Trades) and “puts” (Red Trades). Clearance levels can vary from broker to broker but typically include four levels (some include five). Here are the clearance levels for Charles Schwab:

For Fast Fortune Club you’ll need clearance for long calls and long puts. In the chart above, this means you’ll need to get Level 1clearance.

Sometimes, however, I recommend more advanced trading strategies such as the “loophole trade,” or “spread trade.” But don’t worry about that right now… we’ll get to what that is and how to place a loophole trade in my “How to Place a Loophole Trade” guide.

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 1clearance, 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.

Next Steps

The next thing to do while you wait to receive your options clearance, is to take some time to get familiar with how to trade options. You can take a look at my How to Place a Green Trade and How to Place a Red Trade guides for detailed, step-by-step instructions on how to do that.

Once you get your clearance, I’d also suggest practicing placing your first few trades using your broker’s “virtual trading” or “paper trading” system. These allow you to enter, follow along, and exit a trade as per usual, but without using any money.

Now of course, that also means you can’t make any money. But it’s a great way to get acquainted with options in general, and your broker’s platform in particular. I recommend all my readers use paper trading until they get comfortable – in fact, I wish I’d used it back when I first got started with options.

And remember, if at any point you’re not sure what to do, never hesitate to contact your broker. As a customer, they owe you time on the phone to make sure you’re buying the option you want to buy.

Here are the phone numbers to Schwab, TD Ameritrade, and Fidelity:

• For Schwab, call (800) 435-4000
• For TD Ameritrade, call (800) 669-3900
• For Fidelity, call (800) 343-3548

Just read them the original Entry and Exit/Profit Taking Strategies you received, and they’ll be able to tell you how to enter your trade correctly.

You can also look at each brokers’ “Frequently Asked Questions” page on their website, which will include an explanation of how to use their trading platform (or who to contact to find out):

• For Schwab, go to: www.schwab.com/public/eac/resources/faqs
• For TD Ameritrade, go to: www.tdameritrade.com/education/account-types-and-investment-products/how-to-trade-options.page
• For Fidelity, go to: www.fidelity.com/customer-service/faqs-accounts-trade-summary

Congratulations!

Opening this guide is the first step to locking down your financial future – so you’re well on your way.

You’ve also decided to do something that most investors are too afraid to consider – and for all the wrong reasons: trade options.

The funny thing is… trading options is easy. And the advantages speak for themselves: lower cost, lower risk, greater potential gains.

But before you’re ready to trade, you’ve got to actually open your account with an options broker.

Now you may already have one: a retirement account, such as an IRA or a 401(k). What you may not know is that you can trade options in your retirement account. So if you’d like to use your retirement account to trade options, then contact your broker to get your account converted for options trading. Then, you’re ready to move on to the next step: Getting Your Options Clearance.

And if you don’t already have one or would prefer using a separate account for options trading, you’ll need to choose your broker first.

Here’s how you do that:

Choosing Your Broker

Finding a broker – the right broker, one that’s capable of handling each of your particular needs – requires a variety of considerations. Everything from account minimums, acceptable trade types and commissions fees… to trading platforms, customer service availability, and regulatory standing.

It’s a lot to think about. And the best option, of course, depends on what’s important to you.

Thankfully, there’s never been a better time for making such a choice…

Fierce competition within the brokerage industry has created unprecedented value for individual investors. This is especially true among the major online discount brokers, where firms like TradeStation, TD Ameritrade, and Fidelity are continuously driving down commissions, adding account features, and providing their clients with access to an ever-growing list of powerful trading tools.

As a result, you can trade virtually any asset class now, whenever and wherever you want… all for about the cost of a no-frills latte.

Of all of the “major” brokers out there, one I particularly like is TradeStation, especially if you’re new to options trading, as the company’s education and ongoing training materials are top-notch. I also like its fast trading platform, its super low-cost commissions, and its intense focus on customer service. For more information, you can call them at 1.800.328.1982. And please note: I don’t receive any compensation from TradeStation, in any form. I simply like their product.

Now, if you decide to open a TradeStation account, make sure you’ve got the following information handy:

• Your Social Security number
• Your driver’s license or government-issued state identification information
• Your employer’s name and address (if applicable)
• Statement of information for the assets or cash you want to transfer to your new options account

Once you have everything, simply call 1.800.328.1982. TradeStation will take it from there.

And if you don’t want to use them as your broker, that’s fine, too. After all, you’re the only person who can decide which broker is right for you. Just be sure to do your own research before you commit. Don’t worry if you end up with a different broker – most trading platforms look and work alike.

Other Options

TradeStation isn’t the only online options broker around. In fact, there are dozens out there, all specializing in different things. While I can’t personally vouch for any of them, many of my Fast Fortunes Club members, and students have told me that Charles Schwab, TD Ameritrade, and Fidelity work well for them.

So if you’re interested in either one, here’s how you can learn more about them, any offers they may currently have, and (when you’re ready) open your account:

• For Charles Schwab, go to www.schwab.com or call (888) 279-0888
• For TD Ameritrade, go to www.tdameritrade.com or call (800) 454-9272
• For Fidelity, go to www.fidelity.com or call (800) 343-3548

Your Next Step

You’re already way ahead of the investor pack – but you’ve still got a few more things to do. And one of those things is getting your options clearance. Simply put, this determines which types of options you can trade. And all you have to do is answer a series of questions.

To see exactly what these questions will look like – and how to answer them – open your How to Get Your Options Clearanceguide next.

Congratulations – you’ve reached the final part of my Cash Course!

This is the entire reason I put this course together.

Now that you’ve mastered the basics, it’s time to start making some real money – without spending an arm and a leg.

In fact, here at Fast Fortune Club, our trades are some of the lowest-risk trades you’ll ever make. You’ll never risk more than $500 per trade – and sometimes far less.

And… our trades will put you in position to double – even triple – your money fast.

We’re talking the kind of cash that can change your life – the kind that can pay off all of your debts, buy that car or house you’ve always wanted, send your kid to a nice college, or finally take that dream vacation.

Complete financial freedom.

And we’re going to do it by following a very famous rule: Keep it simple.

That’s exactly why I created and use my Money Calendar to pinpoint extremely simple options trades.

Plus… it’s not hard – it’s extremely easy. And with my Money Calendar, it’s even easier…

It provides step-by-step instructions.

It pinpoints the company to target.

Then, you choose what type of options contract you want to sell. In other words, you’re betting the stock will go up or down.

Again, my Money Calendar tells you the direction to choose with at least 90% certainty. You simply pick the price and date range – no wondering, no guesswork.

But don’t take my word for it – seeing is believing…

HOW TO DOUBLE YOUR MONEY ON THE WORLD’S MOST EXPENSIVE STOCKS

It may seem impossible to double your money on big-name stocks (like Apple, Amazon, Yahoo!, and Priceline) when they’re trading at over $100 per share.

But I’m here to tell you that you can… without spending thousands and thousands of dollars to buy just a few shares. In fact, I’m in the position to double my money on big-name stocks like these every week.

And it’s all thanks to my powerful, patent-pending proprietary tool, The Money Calendar…

Let’s take a look at a real trade I recommended to my premium subscribers in January on Booking Holdings Inc. (BKNG) – or the artist formerly known as Priceline.

Here’s what my Money Calendar showed back then…

Now at first glance, it looks just like a normal calendar…

But beneath the surface, it’s crunching millions of data points on hundreds of stocks over the past decade.

And as you can see, it’s as easy as reading a traffic light…

The green squares are dates with mostly bullish (or as I Iike to call, “Green Trade” (bullish) opportunities). The yellow and orange squares are dates with a mix of Green Trades and bearish (or “Red Trade”) opportunities. And red squares, naturally, are dates with mostly bearish opportunities.

You’ll also notice that each trading day, Money Calendar has identified a number of trades – not just a single opportunity every day, but often 20 or even 30 possible trades.

So when I clicked on January 8, here’s the next thing I saw:

On the left is the stock symbol. The green bars represent the maximum number of days it has historically taken for the stock to complete its move over the past 10 years. In this case, moving forward from January 8 each year.

Now let’s take a closer look at Booking Holdings Inc. (BKNG)

The number there is 30. So Money Calendar says BKNG has consistently moved higher within 30 trading days of January 8.

One of the most important numbers on this chart is in the “Accuracy” column. The 100% here means that BKNG has increased every year over the last 10 years. And I never even consider a trade unless that number is 90% or 100%.

Next, I look at the “Average Profit” column to see by how much the stock price increased. Here, I see that BKNG stock rose $71.35

Put it all together, January 8, the average net profit per trade was $713.49. And the price of each share increased by an average of $71.35.

Now let’s look closer at BKNG by clicking on its stock symbol. We’ll get a screen that looks like this:

Below that, it repeats the average net profit, duration (or time span), average gain, and accuracy information.

And below that, we can really get a good look at the exact performance for this time period every year for the last 10 years. You can easily see our 100%, where all 10 of the graphs show gains.

And if we click on any year, we can we get another chart that shows us exactly how the stock performed every single day of the time period. Here’s how BKNG stock performed in 2017:

This means, just like we discussed in Part 2, that we can predict a stock’s next move.

And this particular data told me there was a 100% probability that BKNG would move in this direction again over the trading date range.

Now Wall Street would want you to dump your money into single shares of this stock…and hope for the best – either way, they get your money through commission fees…

But we know that the only trades worth making are the ones that can double your money or more and cost no more than $500.

So we flipped the stock – for just $280. That’s over a 561% discount than if you bought one measly share of the stock.

And just three days later, on January 11, we closed half of this trade out for 156.58% gains.

But we weren’t done…

Little more than a week later, we took 195.36% gain on the rest of this trade.

That’s a combined 351.94% gains on one of the most expensive stocks in the world – in just 17 days.

And very soon, you’ll be able to find and mark down your own Payday Appointments.