Patrick
9 posts


I am writing a book on selling credit spreads for passive income. Depending on the editor's schedule, it should be ready by the end of December.
However, before I wrap it up, do you have any questions about credit spreads or challenges you have faced when using them?
I want to ensure the book addresses most of the questions and challenges people face with credit spreads.
Just post them below, please.
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@tradertravis That’s Deep. The problem is I bought all your courses and it was pretty much swing trading which I feel is pretty active. So I guess now I’m gonna switch over the leaps.🤷🏽♂️
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A private jet-flying multimillionaire once told me I was attracted to active trading because I had a working-class mentality.
Instead of rejecting what he said, I pondered it. His insights gave me an aha moment.
I grew up American poor, in a house with no running water or bathroom.
I was taught that working for money was the only way to earn it.
Thus, my family didn’t build massive wealth because our slave labor was our only income-producing asset.
You don’t work, you don’t make money.
Active trading isn’t much different. You don’t trade, you don’t make money.
Without knowing it, I took my working-class mentality over to active trading.
I convinced myself that the more I traded (the harder I worked), the more I would make.
Eventually, a personal crisis (a death and an almost divorce) forced me to switch from active/day trading to passive trading.
Now, I only place one simple LEAPS option trade once a year.
Oddly enough, I make more money and only spend 10 minutes managing my portfolio.
That one trade I talked about above, the Buffett call option, is up 48% in less than two months.
That millionaire helped me shift to making money that wasn’t dependent on how hard I physically worked.
He taught me how to separate my time from earning more money. That’s real leverage.
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