Looking for reasons to give TraderMinute a try? Start here.
One of the most fun and unique trading outfits out there is TraderMinute.
TraderMinute started with the premise that Live Trading and Education needed to be combined. Of course, there are some out there that offer one or the other, but not both -- and here is where TraderMinute really makes it interesting.
Their goal is to get people in front of live traders to learn in real time, but how they do this is something unique, they do it with a Challenge. They call it The 100K Challenge
How TraderMinute Works?
In its own words, "The Challenge is about putting the odds in your favor and limiting your risk, it's as simple as that," this is the basis on how TraderMinute operates.
It might sound a little out there, but "The Challenge" operates with the Goal of hitting $100,000 in four months, but with only $3000.
The question you might be asking is how? Great question. The answer is: options.
"Options contrary to popular belief are not as risky as most investor make them out to be. They allow us to take advantage of a move in the stock without the cost, but with the same effective gain." Says Jeff Yaede Lead Trader at TraderMinute. So the percentage gains are higher with lower risk.
Each Of The Challenge Trades Has These 3 Elements:
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- Risk Management – every trade evaluated has to have a 3:1 reward/risk ratio. That means for every dollar they risk they are trying to make $3. The great thing about this is that even if you end up on the losing end of trades more often than not you still have a profit.
- Choosing an Option – buying an option allows them to play a move for a given period of time, and gives them mathematical leverage to get the gains, and if the trade fails they only lose what its cost for the option.
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