ECSTATIC to be Leveling Up!

Last Update: December 22, 2020

Goodbye Level 1! Hello, Level 2!

Before joining Wealthy Affiliate I already had a blog established. I even have it monetized with AdSense. Frankly, Level 1 was mostly a review of everything I've learned about WordPress, and themes, and plug-ins on my own for the past I don't know how many years.

I've known about keywords for some time. I've just never had a tool to research them as efficiently as Jaaxy.

Access to Jaaxy is worth at least half the monthly Premium subscription.

I don't know if I would have been successful with Jaaxy alone.

I'm excited to see what else Wealthy Affiliate has to offer in the coming levels.

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Scorpio5310 Premium
Hi William

Very interesting!

One of my other ventures is options trading, and I'm in a couple of courses and mentoring programs. Well I've traded stocks and futures for decades and even a few options (but previously never day-trading). One like the courses here, the first few modules are about stuff I already know (and, in some cases, have passed exams in).

But I go through all the modules anyway (even the basic ones) as I guess the review will do me no harm.

I wish you success in your affiliate marketing venture!

Kind regards

Wazza
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WilliamFW Premium
I don't have much of a portfolio; but, trading options has always intrigued me.

How much do you need in an account to get started trading options?
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Scorpio5310 Premium
Hi William

Some people say that you can start with as little as $500.

And I suppose you could, but you will inevitably have losing trades so you should never wager more than 5% of your account on a single trade. So if you started with $500 that would limit your maximum trade size the $25 - I think that would keep you out of too many good trades.

I think that $10,000 is a good figure to start with - there are many good trades you can take for $500.

For an options trader, losses are just a cost of doing business. If you were in the restaurant business, you would have to pay rent, insurance, pay wages, buy food etc.

For an options trader, your main expense is the inevitable losses. And, like any business, you want to keep your costs to a minimum. But you can't completely eliminate them, because anything can happen in the markets.

So that is why you should probably start with $10,000 in your trading account.

There is also the cost of educating yourself about the business and preferably getting a mentor. I am part of a group of about 170 students and we have a virtual trading room (so that we can hunt as a pack). And when our trading room is closed, I trade by myself (using the knowledge that I gain from the trading room experience).

Trading is mainly about psychology - developing a trader's mindset. A good book on this topic is Trading in the Zone by Mark Douglas.

That book is mainly about the psychology. Another book (which is more about finding the good trades) is The Tao of Trading by Simon Rees.

Kind regards, Wazza
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jghwebbrand Premium
Your title and headline is really creative. I like it.

So glad you found WA and that you are learning some new things. So glad Jaaxy is so helpful for you. Keyword research is definitely an important tool to use to find the best keyword/keyword phrases to identify those which have a good traffic volume and low competition.

We wish you much success as you continue the training.
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Newme202 Premium
You have done so well in your achievements so far.
Keep it up and never stop moving!
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