If you’re looking for new tools and strategies to broaden your financial options, covered calls can be a low-risk way to get some income with options premiums. Whether you’re a newcomer to the stock market and you’re looking for a hassle-free way to learn this trading strategy or are already a veteran in the industry but searching for better options, it’s important to keep an eye out for updates on new tools and apps for this purpose. We share 3 reasons why the Born to Sell trading strategy is something you should know about in our following guide.
It’s A Low-Risk Option To Earn Profit
There’s no need to have an MBA or years of knowledge to start dipping your toes in the stock market, and contrary to popular belief, you don’t need to always take risky choices with your investment portfolio in order to earn some profit. Let’s assume you’re someone who still wants to actively participate and take profit from the stock exchange but is still remaining precautious and conservative. In that case, one of the ways in which you may still find yourself actively engaging with the market and trading stocks is through covered calls. You first need to own the asset, in this case, the stock, before calling or selling it to earn a profit in this strategy. However, in contrast to other common financial strategies, this supposes a lower-risk option for when you don’t expect a significant price increase soon, but you’re still willing to hold the stock for some time. In simpler terms, if you already have a portfolio set up, covered calls can help you generate more money without much effort.
You Can Use An Intuitive And Educational Tool
Once you’ve decided to focus exclusively on covered calls, you may be wondering if there are specific resources that will help you understand what entails this strategy. Here is where you need to prioritize a browser-based tool with this purpose in mind that can also offer educational resources for newcomers to understand the basics. As stated at https://www.thestockdork.com/born-to-sell-review/, you’ll be able to access this service on a monthly subscription and allow you to use specialized search modes with advanced filters for those who already know what they’re looking for. That way, you can track your portfolio throughout the day with customized alerts and use a built-in calendar to know when certain dates and events are ahead. Having a dashboard with all the information shown clearly alongside optional email alerts is a great way to keep track of your underlying stock at all times. Relying on the Born to Sell strategy to obtain a passive income is straightforward and easy to understand.
You Can Customize As You Wish
Not every investor shares the same goals in the short and long term, and the same thing happens in the Born to Sell strategy. By using this method, you’ll be able to access and input an income goal, which you can change at any given moment. That way, the tool will help you find covered calls according to your requirements, depending on your available capital and how many positions you want to manage at any given minute. It’s an easy way to start building your portfolio if you’re starting from scratch, or you can import your pre-existing investment portfolio into the platform and administer your assets from there. The software offers a powerful tool to look into hypothetical scenarios with your current stocks and assessments, where you can mix and match as you please to gain valuable insight for your next decision. The customization options also reach into the search options, in which you’ll be able to scan all available covered call candidates.
While it’s important to note that these strategies work best in markets without major fluctuations, any investor looking to take advantage of the Born to Sell trading strategy should know that having enough capital to purchase stocks is crucial to navigating the market successfully. Since it’s a passive way to earn income from already owned assets, you must evaluate whether covered calls are aligned with your trading strategy, either as a secondary method or as something you’ll be actively dedicating time and effort to.
If you’re unsure of your level of commitment, it’s a good idea to try out demo versions and tutorials about the subject before using your assets. However, in contrast to other stock strategies, covered calls are a safer way to follow market trends and reach your income goals without risking significant losses.