Allen Sama is the head trader, and trading coach at OptionGenius, who specializes in high probability trading. He got his start after getting laid-off, and then he had to get serious after he lost $40k of his newlywed wife’s savings!
In this episode of How To Trade It, Allen shares how he mixes stocks and options together to maximize his profits. You don’t want to miss it!
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You’ll want to hear this episode if you are interested in…
- [01:48] Allen’s take on using stocks & options to create passive income
- [06:20] How Allen selects his stock companies
- [33:02] When it’s time to dump that stock
Creating Passive Income
The secret to creating passive income isn’t about hitting “home runs”, but rather is about learning to consistently make base hits, over and over again. This style of trading works well for Allen’s temperament, since he wants to keep his stress level as low as possible.
Selecting Companies
For Allen, selecting stocks to purchase isn’t really rocket science. He suggests looking for big name companies that you are a customer of yourself, or companies with which you are already familiar. If the company offers good dividends they are usually cash-flow positive, and therefore a good company to invest in.
Time To Dump That Stock
As a general rule, Allen Sama buys and holds his stocks for years. If the underlying fundamentals of a company change, that’s when it’s time to sell the shares. Allen looks for things like: a CEO leaves or dies, employee lay-offs, cutting dividends, closing stores, or not expanding. .
Resources & People Mentioned
- www.OptionGenius.com
- Passive Trading: How To Generate Consistent Monthly Income From The Stock Market In Just Minutes A Day by Allen Sama
- www.PassiveTrading.com
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Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.
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