My $400/Day Side Hustle
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- Опубліковано 10 тра 2024
- Spilling the tea on my options trading side hustle! And when I say SIDE hustle, I really do mean side hustle - I don't spend hours and hours of my week on this. I check in maybe once or twice a day for 15 minutes max. Although I don't place trades every day, on the days that I do I can usually bring in $400 or more.
OPTIONS TRADING STARTER KIT:
www.rosehan.com/learnoptions
**ATTENTION: I have a new Instagram and TikTok handle @itsrosehan **
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.
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**BOOKS I RECOMMEND 📚**
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
amzn.to/2VbJ1Pt
The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
amzn.to/32ewzjj
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
amzn.to/2SLTYpn
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
amzn.to/2SKyklt
Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
amzn.to/2SJ6vtx
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
amzn.to/37N2adc
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**MY FAVORITE MONEY TOOLS 🖤**
YNAB (I literally can't live without this budgeting app, so obsessed)
www.youneedabudget.com/?ref=Y...
Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)
wise.prf.hn/l/413jE0q
Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):
amzn.to/3Ne37jy
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DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
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SAY HI ON SOCIAL! 👋🏼
Website: www.rosehan.com
Instagram: / itsrosehan
TikTok: / itsrosehan
Pinterest: / itsrosehan
• My $400/Day Side Hustle
Options trading is MUCH more difficult than what is portrayed. Also, never sell naked calls/puts, the losses can basically be infinite...
Stop loss, stop loss, whatcha gonna do, whatcha gonna do, when dip comes for you
People don't learn until market teaches them a big lesson. Then depends on how well it goes most quit forever and a small portion stay the course and become better.
I want to give you credit for you bringing options into my life. I was a big investor but always thought options were too risky. Now I make a lot more money per year and enjoying the process. It turns out you don't have to be risky. Thank you for changing my life!
a big investor that had to learn about options via youtube lmao
You must have a great educational background in accounting and finance. Preerequistes
Great video! I felt like when I learned options I went from the Bunny Slope to the Black Diamonds. I absolutely love Options. It opens up so many more strategies including reducing your risk on a trade. As others have said here though, you need to know what you are doing. One thing I will say though is that basic option strategies (Covered Calls, Buying Calls) are a lot more simple than they appear. Doing complex strategies (Butterflies, Iron Condors, etc.) I still don't understand but I'm still learning. However, Options are very learnable and doable for the everyday person. You just need to be patient because it's very confusing at first but once you get the hang of it it's awesome! Happy trading.
What site or app did you use to get started?
Option contracts are notoriously risky due to their complex nature, but knowing how options work can reduce the risk somewhat. ... Depending on which "side" of the contract the investor is on, risk can range from a small prepaid amount of the premium to unlimited losses.
Omg you are such a good teacher and this was so helpful! I love your diagrams and the way you explain things. There's also plenty of time to pause the video and look at the things you've highlighted if you need more time. Thank you so much for producing such educational content!!
Super excited for this series! I still have a lot of questions and wasn't entirely clear on what you explained but I am going to download the cheat sheet and study it hard! :) Thank you!
there are a lot of BS finance and investment channels on youtube..... this is not one of them. Lots of date presented well. Good job!!
this IS one of them bull shit stock expert...
I’m so excited for you to get this series going! I trade options myself but imo you can never learn enough about them, and this will be a great refresher!
Good video! Well explained. Like Rose explains the learning curve for Options is steep. It's like learning a new language. But if you stick with it for at least six months you will soon start noticing patterns and understanding how both the Calls and Put sides work. After that, your interest should only grow. I'd say you will become more curious and start exploring everything about Options. Thank you for sharing this video.
Having dabbled in CFDs I am really impressed how transparent your video was, I wish I had watched your video earlier, but all good part of learning.
@Investiñg with Rosė yeah right :p
Thank you so much for the info!!! I started investing last year, and totally love it. Looking forward to learning more about this as a full/part time bases to make our dream house goals come to reality. Also, due to your help I will be helping my retired parents, and baby brother to start investing. So grateful, and really appreciate all your classes, check lists, and videos :)
Hi, have you learned by yourself? I have no finance background and i am trying to teach myself but i still struggle. I barely started gathering information a week ago…
Did it took you long to learn enough to feel that you know what you are doing?
Would be good if you could answer this, as it would show me that it is not impossible to learn by yourself with no previous knowledge.
Thanks!
I'm so financially illiterate but I wanna fix that through investing. I'm still very afraid to invest even the smallest amount as I'm still very unfamiliar with the vocabulary and concepts linked to finance. But I really appreciate your channel and I really enjoy how you explain things in a simple way so even beginner like me can understand. I tried other finances channels but I'm really vibing with yours ♥ Looking forward to start my journey into investment. Options seems to be a very good alternative for me to test the waters.
Do not start in options. Start with etf's/index funds, risk is much more diversified.
Agreed. Start w/ the fundamentals.
There's some very weird ETFs, start with at least 80% of your capital in very established ones such as SPY and TLT; then with the remaining 20% that you won't strictly need start doing increasingly daring experiments. Good luck!
Im on the same boat as you
Same.. been wanting to learn investments for a while but with no background of finance it feels i am chasing the impossible…
I know i can learn it, but it is really confusing sometimes..
Awesome! I've been waiting for this series since last year. Cannot wait for you to go into details on selling options as I've always heard people buying them. Thanks for doing this, Rose!
I am blind and it’s hard to find employment without some kind of degree so this was very helpful for me. I’m just now getting into stocks but this will definitely be my next step
Rose, thank you! I've been going back to your videos and absorbing all you have to say. Out of all the explanations of options and investing, your presentation style is the most professional and palatable. Keep up the awesome!
I love this and am excited to hear you talk about this more. I was doing good selling options when I first learned earlier this year. Then I got sucked into buying options and it not only hasn't worked out, its also taken a toll on me emotionally. Im ready to get back into selling options and not be anxious and glued to the screen all day.
You are amazing Rose! Honestly, your videos have changed the way I manage my finances and has changed my life. Learning how to trade stock options was going to be my next step - thank you for making it so accessible!
Funny.. I taught trading options before you were born. Love the energy !! As Ken mentioned below, 1 option contract controls 100 shares of stock. In your Amazon example, 1 option would control 100 shares of Amazon or $345,000.00 worth of stock. That $80 call option most likely would cost $8,000.00 to buy. As far as "selling" options, you are spot on. You do become the casino or house however, it's important that the roof doesn't blow off that house. I'm a builder of micro-accounts using options, price and timing. By "micro", I mean less than $100. The $26 account I started 27 months ago crossed the $24,000.00 mark and the $51 account I started 15 months ago crossed the $7,860.00 mark as of 3/28/22. Best of luck to BOTH of us. \_/ cheers \_/
do you teach this strategy ?
she's glossing over a lot of things (like you need margin capital to write 1 contract of AMZN), getting the direction right...
selling options only works if you have enough of the underlying stock...
@@ryanshih9805 The underlying stock is only necessary if you would like to sell call options (covered call). For selling put options (cash secured put) you don't need the stock but capital if you get assigned and have to buy the 100 stocks.
@@MVZTANG It's the same idea. writing secured options (covered calls, cash covered puts) means you need to start with a big chunk of capital.
might be the best vid for basic options explanation I've seen thanks for study guide, I also liked the Fidelity index funds one too
Hi Rose, Thanks for sharing this information!! I just got your free guide. You explain things very clearly and your information is great!! 😁 keep up the good work
Thanks Rose, you are one of the sharpest, smartest trade investors instructors out there. Thank you for your energy and devotion to teaching the rest of us. Following your advice I began trading about a month ago and I am doing quite well for a beginner! All thanks. to your guidance. GV
Ive been trading options for quite a while but could not for the life of me explain it to my family, until now. Now, I just send them the link to this series. No hype, no nonsense, clear explanations & visuals. Great job!
Hey how’s it going for you 👋
Thanks Rose for a great video! I'm excited to learn about options with you.
Thank you for the information, Rose! I can't wait for all the great videos coming up the next 6 months 🙏🏾
@@lnvestingwithrose7147 texted you! Hopefully this is not some obvious scam I’m about to fall victim to! :)
Ajay..just look up covered calls and learn on your own, no need to wait 6 weeks
Another excellent video Rose, thanks for making what seems to be a complex topic so easy!! 🙏🏽💰
Even though I have really no idea what you’re talking about, the way that you deliver it makes me feel hopeful that I will someday understand. I really do want understand an would like to be financially literate in a way to one day gain assets not so much liabilities thank you for taking the time to try to steer me in the right direction.
Thank you so much for this video and the download!! ❤️ your effort is appreciated! Looking forward to the additional videos in the series
Thank you! you have a knack for explaining clear and concise what 20 other videos kept long and complex! Beauty!
Thanks Rose, this is wonderful..I am looking forward to this option video series
Yayyyyy Rose, I’m so happy for you! You’re doing so well👏🏽👏🏽👏🏽💖.
Thank you ☺️☺️☺️
This was the best explanation I've heard on options trading. Stoked for the rest of this series, keep awesome the awesome and informative videos Rose!
yeah but i still didn`t get. isn`t it if she spends 3450 and get 200 which is increasing of 6% ... Sooo then, isn`t it when she Buy calls on 80 dollars you will get that 6% which is 5$ not 200 ???
Hi Rose Thank you for another Great video i have leaned so much from you about investing, from all your book recommendation, perspectives and advice in general. I just down loaded your stock option starter trading kit. this is one area I've been reluctant to get into until this point anyway lol. thank you for all your hard work fantastic advice and for taking the time to help everyone. looking forward to future video's.
Love this one, following closely. Next question, recommend trading apps for options selling :))
This is very educational. I've always been curious of how I could get into this but given the amount of money needed has made me second thoughts this but thank you. Subscribed 😁
ive seen so many videos trying to explain options to my tiny brain, but this is the first one that i can fully wrap my mind around. Best video on options trading on youtube handsdown
Your videos are super easy to follow and your energy helps with focus. Keep up the great work!
I love this. I was scratching my head when I was trying to understand options, but with your video, I understood it immediately. Looking forward to the next video. Thank you. Btw, your videos were very helpful when I was started out as a long-term investor last year. Thank you so much.
There has to be a huge disclaimer: If you are new to investing or even been doing it for a while, DO NOT DO OPTIONS. Practice for several years before actually doing it.
She said this is what she does, not what everyone should do
@@gvue4396 Hence a request for a giant disclaimer that should stay on the video the whole time.
Don't underestimate the power of stupidity of some people.
It won’t take that long to learn.
@@timothybooker5168 And even shorter amount of time to lose whatever little they have.
Wait for the options put goes wrong and you will be in huge debt,
Can't wait to see the next video Rose. I signed up for the options trading starter kit download. Thanks for all your hard work and effort.
Thanks for posting this video! This was helpful, but I have so many questions. From your screenshot at the beginning of the video, was that the profits that you made in one day, Sep 18? Was that the expiration day or when you locked in profits? You made profits on both selling calls/puts? How do you know which stocks to choose?
Great timing, I was thinking of asking if you could make a vid on options!
You are the best at breaking things down. I am super duper excited for the series. You’re doing great Rose!
THANK YOU SO MUCH!!! I have not been able to wrap my head around how options work until I watched THIS!!!!!!!!!!!!! You are the woman ROSE!!! I finally get it now and appreciate you!! You are the greatest!!
Wonderful video as always clear and simple explanations, i was just looking for for information on this topic thank you 😊
I like how you explained options in a cool understandable way
So excited for this! Thank you for sharing your knowledge Rose!
Have u tried it ? It works?
I finally have a general understanding of how options trading works the way it was presented by you. Greatly appreciate the insights.
Just downloaded your guide, really excited to dig in. Always love learning from you, thanks Rose!
Hey Rose, I downloaded the pdf THANK YOU for the resource this will spark my interest in dipping my toe into the Options world. I just wanted to tell you that there is an error on pages 11 & 12 (pdf pages 12 & 13) of the guide where you said
$150(Market Price) - $100(Strike Price) - $15 (Premium Received) = $35 (Justin's Profit)
It should actually be
$100(Strike Price) - $50(Market Price) - $15 (Premium Received) = $35 (Justin's Profit)
or conversely
$50(Market Price) - $100(Strike Price) + $15 (Premium Received) = $-35 (Jocyln's Loss)
since that would be the math for exercising your right to sell a put option
Again love this Starter's Guide and will definitely use it as a foundation for my side hustle! Keep up the great work 😊👍🏾
Thank you!!! Fixed the typos!!
Great video!! UA-cam has to seriously do something about all the spam bots deceiving people. This is happening to many channels in the financial sector.
As usual, very clear and very informative. Thanks for sharing Rose.
I'm selling covered calls and it's not a bad system, meaning it works if one is careful and diligent and is OK with keeping a stock or having it called away. For someone who hasn't done this kind of transaction before, but has the idea that 'options are risky', it may be worth this clarification - Rose is talking about being an option seller, rather than an option buyer. The option buyer has much more risk, in my opinion. That's the kind of trading that gives option's a bad name, but it's really like comparing applies and oranges.
Rose, I'll look forward to your next option video.
Congrats on your success! I teach my college students to start building as many streams of income as possible for exactly this reason!
Finally! Been waiting for you to start an options series!
Rose, you're rad. Love learning this stuff. You seem like a great teacher. This is something I definitely interested in mastering for a similar side hustle / income flow. Downloaded your guide and looking forward to the next video 🤘🏼
Yes! I am ready to up level with options. Looking forward to the next videos.
Great video! But there is one thing you left out (unless I missed it) is that there are much higher RISKS with selling options. You can lose much more than what you put in
Yes, because if you sell an option of a stock you don't own, say Amazon and the stock rises above the strike price before the expiration date, you are required to deliver up the stock or else buy back the option. Both can be quite expensive.
Great video but with fractional trading, you don't need the full amount of the per share price to own the stock. As with the $AMZN example
Yeaasss! Options training is what I’ve been waiting for from you! Thanks 🙏
i believe that is not the real account and could be a scam. becareful guys
You are refreshing. Easy to listen to and learn from. Thank you!!!
I'm so excited for these coming weeks. I don't know anything about options but I'm ready to sit at my desk and take notes for the next six weeks. Thank you Rose for everything you show us! Another great video as always!
LOL
@@bartfart3847 LOL indeed 😂
Not to burst your bubble or something, but options are one of the riskiest types of trades you can do, I saw people lose tens of thousands of dollars on them, definitely not for beginners.
Thanks Rose, great video and guide! Much appreciated.
I had problem comprehending trading in general. I tried watching other YT trading channels, but they made the concepts more complicated. I was almost giving up until when I discovered your channel. I love the way you break down the content and explain everything in detail. The videos are easy to follow
You're right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy, you must be a skilled practitioner.
That's the best video on options that I've watched on youtube - it's simple, easy to understand and a great into. Thanks!
Yaaayyy. I've been waiting a long time to learn what your options strategy is.
Just found this channel. You explain everything in such simple terms!!! THANK YOU I WATCHED LIKE 7 VIDEOS TODAY ALONE. I’m 24 so glad I found you at 24. Cause Dave Ramsey is a bit much for me at times lol
Thanks for the info Rose! Looking forward to the next video of the series. 👍💯
OMG options series 😭😭😭 how fun!! I’m so psyched. Hahah
What she didn't tell you is that you should have the capital to buy 100 times the number of option contracts you sell. Especially, if you do covered calls, you definitely need the underlying stocks to sell options.
right so if I'm selling options of TSLA I'd need 100x shares of TSLA?
@@aimless-drifter Two ways to sell Call option - Naked call (without owning the shares) and Covered call (owning the shares). My strong advise is to only do Covered calls and that too at a higher rate than your original purchase price. That way even if you get assigned, you are still making a profit on you initial investment + the premium you collected.
Would love to hear you go more into options trading,, loving the vids!
I think this was the easiest way anyone explained options trading! I love your videos. Thank you so much for your content!
So could you please explain how one would sell options without still having to buy the option ?
I just wanted to say you’re awesome. I’ve watched so many videos on personal finance and stocks. I don’t believe I’ve watched one yet as simplified as yours. You make personal finance and investing so easy for a novice. You’re also so straightforward and direct on subjects. Thanks
You're awesome Rose, I really enjoy your content and approach.....however, I have to agree with the other commentator below....you do not need clickbait titles.....your life experiences, common sense approach to personal finance and great attitude sell your content just as easily.....I wish you well and i will continue to watch your channel regularly.....
Thank you for all the work you put into making this channel informative and enjoyable to watch
Thank you Rose. I’m going to be tuned in to this series.
@Kamran Ishtiaq so I branched off. I watched two videos and went on to do more research on options trading so I didn't complete the series but it brought the idea into my space. I enjoyed the two videos I watched. Hopefully that answered your question.
Very glad to have discovered your channel. Your advice is very practical and real. I like that you don’t sugarcoat things. I’ve since recommended it to a few friends.
@@investingwithrose-------yo9636 already did and the little bell too!😀
Hey Rose 🌹. You are the YTuber that jumpstart my road to investing starting with opening a brokerage and Roth IRA account with Fidelity. So starting from a $6K invest, now I’m up to a $14K investment and still following the cheat-sheet PDF that I received from signing up. You are awesome! Thank you 😊
Wow! Way to go- congrats! Thank you SO much. Messages like this truly mean the world to me. 💕💕
I appreciate this information Rose, and am looking forward to the series! Thank you!!
Let’s do this x 💪🏼
I think she's putting the information out there for those people that have never heard of options trading and she is planning to go into depth explaining how it works. It's up to whom ever sees this information to decide if they're up for the risk. The only thing I do have to say is she mentioned selling options as a way to make money? But she doesn't mention the risk and the obligation that goes along with selling options (writing a call). You have to hold the underlying asset in case the option is exercised. Essentially you'll have to buy the stock with your own money and hand over the stock to the person who bought your call option and exercised it.
Thank you Rose. I look forward to the upcoming videos and reading the manual I just downloaded.
I'm mad I'm just now seeing this. I appreciate the starter guide. Oh, and your hair looked good.
Same here.
Thank you so much Rose Awesome video an so helpful! Are you doing option trainings in your Fidelity account?
Thank you again for all the hard work you put into your videos they are all so hopeful.
Hey Michael! I use thinkorswim with TD Ameritrade - they are much better for options
@@itsrosehan Oh ok .. thank you Rose for all that you do!
Thank you so much for this! Look forward to the upcoming videos in the series - it's easy to understand for newbies like myself :)
Great video Rose!
How is the "probability of success" calculated?
Looking forward to your answer.
Yea I was totally gunna say I need another video on u just showing how exactly you do it on ur laptop or computer. You sound like a fun teacher to me😊.This would be so good for me I have really bad anxiety so in personal jobs aren’t so good to me. My safe place is my home.And I always was interested in travel. Thanks for this informative video.
Ok, this is what I need to graduate to next. I am doing well buying and selling stocks and registered to enable the options option on my trading accounts. I have found it is easy to get the beginner level details like you have just provided, but I am in need of more detailed details. I've heard of people losing their homes 'selling options', so I am a tad skittish. I look forward to your guide to see if it gets me to the point of braving my first options trade! Thanks very much for sharing your knowledge/experience/leg work as usual!
That sounds like some wallstreetbets stuff
I think you need covered calls, not an expert, but basically you got to own the underlying stock/ asset that you’re selling the options for. If you don’t own the actual stock and you sell call options, you’re gonna end up like the game stop, ie you have to buy the actual stock at whatever the price is to give it to the options holder who would execute the trade at the strike price you promised to sell it to him at. If the strike price is $4.50 a stock and at options expiry date, the actual stock is trading at $450 a share, you’re gonna have to buy the stock at $450 a share and sell it at $4.50. Your loss is the difference of ($450-$4.50) per share which is the options executor’s profit.
One way about stock investments is *DO NOT INVESTMENT MORE THan YOU cannot afford to lose!**Meaning don't bet thousands and thousands of dollars with your greed.*Bet tiny bits by bits even if your profits are just a few hundred dollars. This way you gain experience and will be able to afford a lost if things goes south.
Trading options was a game changer for me. And as you mentioned, selling put options is definitely less risky than buying calls... as with anything else there are always ways to reduce risk. Looking forward to the series, Rose!
Sell option spreads even less risk and less capital needed
depends on the market....
But how you sell options if you don’t buy/owe them? Isn’t it like selling a house or car that you don’t have? Would be like fraud right?
I am asking seriously, i am learning with no previous finance knowledge and i really can’t understand this part.
Thanks!
Thank you Rose, I look forward to learning more about stocks and stock options
Very excellent intro to options. Loving the new topic. Been trading for a long time now. Happy to see more folks utilizing options. 😊
Hey, I sell options too! Yeah, right around the 80% probability - I aim for a 10% return on risk after commissions (I sell spreads though due to capital constraints). If I'm patient and strategic with my entry points I barely have to manage the positions. 10% return every 60 days is...77% return in a year!
for how long. 77% seems very risky
I’m extremely eager and excited to learn options from you! I’ve been learning them from different UA-camrs and books, but just can’t get a good grasp. Thrilled to learn it from your simple, yet effective and informative teaching style!
Great video! I was actually considering getting into options selling. Great timing!
The options kit is excellent! Thank you! 🙏
Hey Rose, great content as always. Have you concidered investing in high yield stablecoins? Do you think there are to high risks involved?
Video title: "$400 a day".....
Actual words in video: "That averages out to $1000 a month".
Me & my calculator 🤓🧐🤔 How?
The Casino owner analogy is awesome !
I had seen before the Insurance Company owner for selling PUTs, which is also very nice and very commonly used analogy, but never had such a nice one for CALLs !
The spread from your stock buying price to the strike is your Roulette size.
Talking from Brazil here :-)
Very Lucky Trade$ 4 U !
Thanks for info. Keep me updated on this. I downloaded your guide kit 🤙🏼 Aloha!
Thank you for explaining. I still have cold feet but I have give it a go as the saying goes, nothing grows in the comfort zone
I went from 1k to 11k trading options. I been trading less then a year . Few hick ups along but over all it’s a great strategy
How is it going now?
Selling uncovered options is incredibly risky, please don't do this unless you really understand your liability. What needs to be understood is that if the option moves into the money, you'll need to be able to cover the call at the strike price. Your potential loss is limitless.
I'm excited to learn about this. Thank you Rose. Nice highlights in the hair.
super insightful video again Rose, I was studying the possibilities to make some money on a daily/weekly basis vs. my long-term investments and I think selling options might be a good one. I will def check your Starter Kit that I downloaded. Gracias