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#462 - Should You Trade Options While In College?: Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today’s call, we’re going to answer the question, “Should you trade options while in college?” And I know this can be a little bit of a hot topic, but...

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Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today’s call, we’re going to answer the question, “Should you trade options while in college?” And I know this can be a little bit of a hot topic, but here's my honest opinion on it. I think you should absolutely start trading options in college. I think there's no reason to wait to trade options later on. In fact, I think you can deploy some very simple, very controlled risk strategies and you can start trading in college because ultimately, what is on your side or what's in your favor when you start trading earlier is just frankly, time, time to make more positions, time to let the probabilities work themselves out, time to go through many different market scenarios and increase your trade count over long periods of time, decades even. When you start trading later on, even five or 10 years later, you really kind of start cutting down your timeline and you start potentially doing things that might be a little bit more risky because you don't have enough time and we see this all the time with people who are getting close to retirement or starting to think about retirement and they start doing things that are maybe a little bit risky and it pays off initially and then they do it again and it pays off again and then they get hit or slammed with a black swan event or a huge drawdown and they basically reset themselves another 20 years. But when you start trading earlier, I think you have the opportunity to do it right from the beginning, knowing that you have so much time on your side and so much time in front of you to let the probabilities work out, increase your trade count, all of that stuff that we talk about here at Option Alpha. Should you start trading in college? Sure, but you have to do it the right way. I think you’ve got to control your risk. I think you’ve got to do risk defined strategies. You should not be looking to make $1 million overnight. I mean, all the stuff that we generally talk about as good financial practice should definitely apply to those who start trading in college. And if I was in your shoes right now or if you’re listening to this and you’re in college or if you have a kid that’s in college, please get them on this podcast, going through our training. Help them understand how they can use options to generate income and generate income in a more stable fashion because what I hate seeing is I hate seeing people who come to us after say 10 years or 20 years of investing in the market and they just don't know anything else besides buy and hold or buy and pray and that's really, really not what we’re here for. We’re here to help educate people, help show people how to do it a little bit differently and I think you can help out too if you've got kids in college or if you're listening and you’re in college right now. Take the time to invest in this. It's worth it in the long run. Hopefully this helps out. As always, if you have any questions, let me know and until next time, happy trading.

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