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I had an interesting conversation with an option trader today who is still searching for the secret to making consistent returns with option trading. He said many things that I absolutely agreed with.

One thing that got my attention was when he said “Non-directional option trading doesn’t mean we can make money in any direction. It means that we make money if the underlying doesn’t move in any direction. In other words, it’s still a directional trade, sideways.” He was right, and it’s often advertised that it’s easy to make money with options because we can make money on any direction. However, this isn’t always the case.

If you are trading Iron Condors based upon what most courses teach, then you will understand what I am talking about. Using this strategy when it comes to trading in 2009, the amount that you are making is probably minimal. The Iron Condor option trade needs a sideways directional as opposed to the normal up and down direction. Predicting a sideways move is as difficult as it is to predict an up or down movement.

Because of trading credit spreads and condors, many people have ended up losing sizeable chunks from their accounts and calling me. They repeat to me the same story… “Everything was going great for several months and then all of a sudden in one day I nearly lost my whole account.” This story has been repeated to me time and time again.

This is precisely why I don’t trade the popular Condors and Credit Spreads. If you’re a few days from expiration, and the RUT is right at your short strike, then you are trading the way most people trade this strategy, and soon you’ll be telling the same story to your best friend, and even hiding the truth from your wife! You chuckle now, but you won’t think it’s funny once it happens to you. The worst part of this style of trading is the high stress level that could really ruin your life.

To combat the problem, San Jose Options Mentoring has redesigned Iron Condors and Credit Spreads. They taught me a different technique which gives the underlying much more wiggle room, lowering my stress level and keeping me out of dangerous situations. Remember, in most cases, you’re better off the less you have to adjust your condor.

By using their developed techniques, I was able to lock in my profits on Condors. I learned from them how to stay in the trade a little longer after I was able to lock-in my profits, which is unlike most options trader who after they have made a profit exit their trades.

If a Condor should ever move against me, by using the techniques which were taught to me I will be able to morph into a new position and make adjustments to keep me in the game! When most traders would bite the bullet and move on because of a bad month, I will be able to get an excellent, free trade from it.

Along with my other strategies, win or lose, I have now developed an impressive way to trade Iron Condors.

Even if you are in your late thirties, you can think of the ways on how to prepare for your retirement. Saving money in the bank, paying for your retirement pension or investing in properties may be some of the things that you are considering. However, pension or retirement funds may not be enough when you get older even if you have been faithfully paying for 30 years or more. The value of money that you will receive looks bigger now and that the value may not be as high as it is now. The negative side of bank interests is that it comes in a very small percentage every year.

So what can you do now? There are only five surefire ways that you can do today so you will enjoy a debt-free retirement years.

1. Stay in control of your own money 2. Pay yourself first like automate a payment from your salary every month for your savings (You can use this later). 3. Economize. Spend less than you earn. 4. Create a surplus (this is the result of #3) to be used for an income like investing in a real estate property.

The following suggestions might look so simple, but definitely they are so hard to do especially item #3 – Spend less than you earn. When expenses are more than the income, no one can really save in that situation. Saving is a good idea because you may choose to use this money when it reaches to a certain amount and invest it in cash-flow-positive investment like real estate properties or homes for sale. Not only that you are multiplying your savings but you are creating a source of income that not only you will benefit but your children or great children as well.

There are a lot of options available for you when looking for a good investment to save for your retirement years. One very good option is rent to own where potential buyers rent a piece of property for a certain amount of time and then eventually becomes the owner of that property. The good side of this is that the individual can own a home even without a mortgage. The seller can also benefit on this transaction. They can receive regular rent payments for a particular period of time.

We know the fact that we cannot work all the days of our lives. There is nothing wrong with preparing for your retirement even you are still young. Preparing doesn’t mean you have to focus all your energy to investing in foreclosures in Crosby TX, but it means planning and working on your plans while you are still strong.

A mate of mine, Stu, has an 82-year-old mother with dementia. She was lately ‘asked to leave’ her retirement village simply because her wants for care had been higher than what they could provide.

Thankfully, a saint living nearby in want of additional dollars agreed to take his mother in and she now cares, cooks and looks following her each and every require. But at a price. $200 per day may possibly not appear a good deal for what she does, but multiply that by seven days a week, 52 weeks a year, and also the sums turn out to be huge. Stu’s a wealthy man so it is not an awesome burden for him but what if he wasn’t? What then? What alternatives would he, her only child, have the ability to give his mother?

I hate to be the bearer of poor news, but 1 day, within the not too distant future for a lot of of us, we’ll be old too, possibly with high dependent requirements like Stu’s mother. The reality is (and also the government backs me on this) we require to take responsibility for our own retirement – and not just retirement but for our ‘golden years’ at the same time.

As you could have realized, life doesn’t get less complicated as we get older but tougher. Significantly tougher. And becoming poor doesn’t aid. How are you currently going to finance not just your retirement, but your golden years? If you are not old sufficient to be concerned about that however, perhaps you might have a parent who’s quickly approaching the age when they need to have a lot more care than you’ll be able to provide. If they cannot pay for that care, who will? You?

The government certainly recognize this dilemma that is why they now supply every person the opportunity to purchase property inside their very own self-managed super funds. They’ve acknowledged that the way super is going as well as the huge exposure it faces from forces outside their manage mean that what was when regarded as a ‘safe haven’ is now not necessarily the case. They’re encouraging everybody to utilize their super funds as a deposit to purchase property to ensure that they are able to use this type of wealth creation to beef up their retirement levels when the time comes.

Let’s face it. Can there be anything far more terrifying than reaching retirement only to discover you do not have adequate dollars to support you for the rest of your life? Getting old is no enjoyable. Becoming old and poor (let alone sick) is downright petrifying. This does not need to occur to you. Take action now. Get some facts. Speak to an professional in property and they’ll show you how your retirement (along with the golden years) can turn out to be some thing to appear forward to, not dread.