The concepts behind options and futures are fundamentally simple and have been around for centuries. For longer-term investors, these contracts can be a valuable way of creating an immediate income or protecting the value of their assets. For traders, the low price and relative volatility of options can make them an attractive source of short-term profits.
Like any other instrument, options should not be approached in a cavalier or reckless way. However, with a reasonable understanding of the principles involved, and the assistance of an experienced mentor like Jeff Bishop, there’s no reason for novice traders to feel any fear.
Now, Douglas can confidently say, “I may be able to make more than just a few extra bucks.”
And with his new-found confidence has come a growing realization that trading might be more than just an absorbing retirement pastime; it can be the means of funding an entirely new and exciting way of life.