The Option Genius Podcast: Options Trading For Income and Growth

Hey there, if you're looking to invest in 2024, you've probably already heard of the AI boom and how those stocks have already taken off and gone into the stratosphere, you've already probably looked at the weight loss drugs like Eli Lilly and how that's already exploded and gone into the stratosphere. And you've probably even looked at, you know, the mega cap tech stocks and how they've already taken off and gone. So far so high? Well, there is one sector, it's an unloved sector, but it is on fire and it is going to do amazing in 2024. That's what I want to talk about today. So what is this sector? Well, it's not really a sector, it's more of a commodity, which commodity? Well, it's not the normal ones you normally think about. It's uranium. So if you look at uranium prices, uranium prices have doubled in the last year, and they're probably going to double even more, I don't know more than double, but they're gonna go up continuously, maybe even doubled this year that those are the expectations. Why? Because uranium is used in nuclear power plants. And more and more countries are getting away from coal power plants are shutting their coal ones down. And they're building nuclear plants. Only problem is there is a shortage of uranium. So uranium only comes in a few places. It doesn't come from everywhere, you can't mine it everywhere. It's only in a few countries and only in a few mines. And creating a new uranium mine takes millions of dollars and years of planning and research and development to actually get the uranium out of the ground. So right now there is a shortage of uranium. But the demand continues to explode. Pun intended, right. And so that is why your energy prices continue to go higher and higher and higher. Now, if you were companies starting to do a uranium mine, right now to take advantage of these higher prices is going to take you years before you get your money back. And before you even start mining. So the companies that are already there, they already have mines, they are making a killing. And they're making more and more money because their costs are staying relatively the same, but they're making more money when they sell their uranium because the prices continue to go up. Now you can go ahead and check to see a chart of uranium and see how it's going from the bottom left to the top right, and how it continues to grow. Now, if you look at some of the companies themselves, they're doing great as well. There are companies that do mining, they're also ETFs that can only focus on the uranium. Now normally, if you are looking at a miner versus the commodity, you will make more money on the miner than the commodity usually, because there's more Alpha there, there's it can grow faster. But the uranium utility or ETF are also going to be doing very well as well. You might even even get into the futures I haven't even checked to see if there are futures. But that might be an option to play as well. So why is uranium prices going up? Well, one of the reasons is because of the explosion in or not the explosion, but the demand for more nuclear power plants, right? For energy, because the world continues to need more and more energy and wind and solar are not getting the job done in terms of renewables, because of battery power problems. You can't store the energy, so they need a different source. Nuclear is one of the cleanest ones out there. I don't want to get into the politics of it, but it is very clean. And it's a very powerful source of energy. So we have a imbalance in supply and demand. Right. One of the largest mines of uranium is in the country of Kazakhstan. Now Kazakhstan puts a limit on how much uranium is allowed to be mined every year. And so, the main mind there, they announced a few months ago that they were only going to be able to produce about 90% of that limit, because of their own little internal problems. Recently, about a week or two ago, they announced that they're only going to be...

OptionGenius is turning 15 years old in February! As part of the celebration, we are releasing the audiobook of Passive Trading for free! If you would like to get the physical copy, head to https://passivetrading.com

OptionGenius is turning 15 years old in February! As part of the celebration, we are releasing the audiobook of Passive Trading for free! If you would like to get the physical copy, head to https://passivetrading.com

OptionGenius is turning 15 years old in February! As part of the celebration, we are releasing the audiobook of Passive Trading for free! If you would like to get the physical copy, head to https://passivetrading.com

OptionGenius is turning 15 years old in February! As part of the celebration, we are releasing the audiobook of Passive Trading for free! If you would like to get the physical copy, head to https://passivetrading.com

OptionGenius is turning 15 years old in February! As part of the celebration, we are releasing the audiobook of Passive Trading for free! If you would like to get the physical copy, head to https://passivetrading.com

OptionGenius is turning 15 years old in February! As part of the celebration, we are releasing the audiobook of Passive Trading for free! If you would like to get the physical copy, head to https://passivetrading.com

OptionGenius is turning 15 years old in February! As part of the celebration, we are releasing the audiobook of Passive Trading for free! If you would like to get the physical copy, head to https://passivetrading.com

OptionGenius is turning 15 years old in February! As part of the celebration, we are releasing the audiobook of Passive Trading for free! If you would like to get the physical copy, head to https://passivetrading.com

OptionGenius is turning 15 years old in February! As part of the celebration, we are releasing the audiobook of Passive Trading for free! If you would like to get the physical copy, head to: https://passivetrading.com

OptionGenius is turning 15 years old in February! As part of the celebration, we are releasing the audiobook of Passive Trading for free! If you would like to get the physical copy, head to https://passivetrading.com

OptionGenius is turning 15 years old in February! As part of the celebration, we are releasing the audiobook of Passive Trading for free! If you would like to get the physical copy, head to https://passivetrading.com

OptionGenius is turning 15 years old in February! As part of the celebration, we are releasing the audiobook of Passive Trading for free! If you would like to get the physical copy, head to https://passivetrading.com

OptionGenius is turning 15 years old in February! As a celebration, we are releasing the audiobook of Passive Trading for all to enjoy. If you would like to get the physical copy, please visit: https://passivetrading.com

Hey there, passive traders, I got a really special treat for you today. Recently, we did a special presentation. And the feedback was amazing. And so we decided, hey, we need to share this. So this is why we're putting it out there. Okay, the two things that we talked about in this presentation, were number one, we talked about what are the things that are coming down the pike in 2024? What are the threats that we should be aware of now there are two different types of threats, there's first order threats, and then second order threats. First Order threats are the things that we all know about. We see him in the media with him in the news, all that stuff, those we cover some of them the ones that are really important, but we also go over the second order threats. Now, second order threats are things that are not covered in the media, they are the result of other things, those are the things that are really scary, and we really need to be worried about. And these are some of the things that I am most concerned about right now for myself and my family. And that's why I went through them. So you would be aware of them as well, you will see the signs of what's coming. And you could take action, but not everybody can take action. So that's why part two of this presentation was very important, because I go over that there is a actually elite group of people that are insulated enough that they do not have to worry about these threats as much as the rest of us. Okay, they are, I don't know, lucky, hardworking, whatever you want to call them. But they don't have to worry about them as much. Now some of the things they do, but they can insulate themselves, so that these second order threads do not affect them as much. And then I go into who these people are, and how they're insulated, and then how we can insulate ourselves from these second level threats. So that's the gist of this video and presentation. I hope you enjoy it. And I hope you take notes and implement what you're going to learn. Thing is that whenever we talk about trading, right, everybody says I want more money. That's number one, like I just want more money, I want to be free, I want to have more time that it up. But when you do, when you go deeper into it, it's more about the way you feel. And it's more about being happier, being more carefree, having less stress. Don't you agree. I mean, money is great. But you can't eat it. Right? You can buy stuff with it, you can make yourself feel better. But it's all about the emotions and the feelings and how we feel because you know, you can't take it with you. So what's the point of it, while we're here, we need to use it to make ourselves feel better. And so when it comes to these feelings when it comes to the way we want to be perceived, according to Tony Robbins, there are six basic human needs, that we all need to live a fulfilled life, right, and you can see the six there. But the first one, the very first one and the core, human need is certainty, without certainty, without being sure without being, you know, knowing what's happening, you will never feel safe, you will never feel protected, and you're never going to feel happy. It's not it just doesn't happen. Without that basic layer on the bottom. That certainty if you don't feel that, you know, if you're if you're always afraid of what's happening, or what's coming or you know, you're uncertain, it's very stressful for the body, stressful for the mind, and you never feel protected or happy. But when you think about the current state of the economy, what do you guys think? Do you think you feel certainty with the economy? Or do you feel a certain certainty about the economy? Most of us, at this point, are feeling uncertainty, and a lot of it. And 2024 is going to be dishing up a lot more than we had in 2023. A lot more than usual. Because Americans right now are living more in fear than ever in recent history. You see, like Robert says, right? He's uncertain, but...

This is the final part of the series that shows you a better way to read if you want to accomplish more, and make more money. All right, welcome, you made it to Part 4 - the last part of our series. Now, if you missed part one, two or three, please go watch or listen to at least part one, because that explains everything. Otherwise, you're just going to hear me talk about books, and you're not going to understand what I'm talking about. But to give you a quick recap, I changed the way I read books, because I was finding out that I was just reading and reading just to read and just accomplish, but I was not using the information, I was not learning anything. And so it wasn't worth it. I was reading a lot spending a lot of time reading, but it wasn't worth it. Because it wasn't making any difference in my life. And I realized recently, so I've been teaching my my seven-year-old how to do multiplication tables, right? And so she asked me, Dad, I want to learn this stuff. How do I do it? I say, Well, you write them down. And then you say them over and over and over again, and you memorize them. That's the, that's the way I knew how to do it. I was taught that way. And that's, you know, that's what I taught her. And so she's been working on it. And you know, she's seven, and she got hers, she got the ones, you got the twos, you got the 5s 10s 11s. So now she's working on the threes and the fours. And she's doing really great. But again, he's just reading it over and over and over again. And so that's kind of what I'm doing with these books, I picked out 12 books that make a big difference in different aspects of my life that I want to work on. And so I identified those areas that I wanted to work on first. And then I found the books that really helped me and give me stuff to do and think about, and though I chose one book per month, so that month, I will read that book, maybe I read it two times or three times, and then I will implement. And I spend the whole rest of the month implementing everything in that book, if I can, if I'm done with the book, or if I don't want to do any more than I'll go on the next month to the next book. Or I'll just keep working on that book if I'm making a lot of progress. So that's how it works. In part two, and part three, I went through four books each. So the first eight books of the year, I talked about and I think, you know, if you are a reader, if you want to get better at your life at different areas of your life, then those two parts would definitely be something that you want to go back and cover and do. And if you're not a reader, I haven't talked about this before. But all of these books are available as audiobooks, right, you can listen to these books, you don't have to just read them, you can listen to them. And there was something I read that. And I don't know if this is true or not. But it said that if you listen to the book while you are reading it, you remember it more. Now, I haven't ever tried that I'm not no big into audiobooks. I like reading. I like having the book in my hand. I don't even like the the Kindle versions or the ebooks. And so I have a bunch, but I like the physical books. So all these 12 books, I have them physically, I tried to get all of them in hardcover, so they last and I enjoy reading them over and over again. Every time I read them, I'm learning new things, and I'm implementing again, and I'm like, Oh yeah, cuz I'm in a different spot in my life every time I read them. So really helps. Let's go ahead and jump into the books here. So this is a book. The first one is if things are going wrong, like if there's an issue, if there's a problem, if you're facing some kind of setbacks, and you don't know what to do, the book is called Everything is figureoutable. That's the word everything is figure out double. And that's basically the the idea behind the book. Now the author, Marie Forleo. She's a great author. The book is well written great stories funny,...

This is part 3 of the 4-part series. See which books I read every year and why I chose them. Plus learn why the way most people read is totally a waste of time. Welcome back. Alright, so this is part three of our four-part series on the books you can read to change your life. Okay, so if you haven't done Part One and Part Two, you probably want to do those first, at least part one. So you know, you get the gist, you have the background of what we're doing. Now I'm going to dive into the second set of books for I broke it down into four books, four books, four books, so part two, part three, and part four, I'm going to show you four books each, so it doesn't take forever. And now these are four books in the first three months, right? January, March, April, the first four books, I started pretty heavy, I like to it's, you know, the new year, you want to get going, you're setting your goals. And it's like, let's just do this, this time, these four months, you know, you're going into the summer season, things are busy, right? Things are hotter, you don't want to be thinking as much. And so these books, a couple of them are really about how to flick change of perspective, not so much work-related or to do work, you know, not to do stuff. But so let's just get into that. Alright, so the first book we have is called "The Slight Edge". Okay, it's the slight edge, turning simple disciplines into a massive success. Now, this is a short book, a very simple concept, one that I can explain to you in five seconds, maybe not. But it's very simple. And it's still worth reading, it's still, you know because you get the examples, you get the illustrations or whatnot. And it's a quick read the idea is the one about knowing where you're going and making small incremental steps to get there, right? So for example, you got on a plane that's going from Miami to New York, right? If it's on track, it'll get to New York, if it's off by even a couple of degrees, and it doesn't correct, then guess what it ends up way off-course, right, somewhere in like Iceland or something, it'll never get to New York. So that's the kind of simple here, it's like, you know when you want to do something, there are certain steps that we have to take, we have to take them over and over and over again. Now, it's very simple to not do those things to take those steps. But in the long run, it's very difficult when you don't do them because it's a problem for you. So if you have a goal, and you say, hey, look, I want to accomplish this, I want to go back to school and get my degree, right? There are certain things you have to do daily, you have to do your homework, right? Now, is it simple to just say no, I'm tired? I don't want to do my homework. Yeah, very simple. It's like I just worked all day, I don't want to go back. You know, like, I don't want to do this, it's very simple for you to miss a day, Miss two days, right? But if you keep missing and keep missing and keep missing, eventually, you're gonna flunk out, and the whole goal is gone. So the first couple times you do it, no big deal, no harm done, you know, you might get away with it. But if you keep building and building and building, then it just doesn't work out. So same with trading, right? If you don't follow the rules in your trades, there might be a trade that it doesn't matter to trade the works out, there might be another one that just doesn't matter. There might be another one that works out. But then eventually there'll come a time when you won't even remember what the rules are. And there'll be a time where you mess up and you don't do it and the thing goes bad and it just destroys you. So if you want to do something, the book says, right, you're taking simple disciplines, just simple, small things, you just have to do small steps, right? The journey of 1000 miles starts with a single step. And that's all the book is telling you. It's like you figure out what are those steps, and you just do them...

Alright, let's get on with this. All right, so this is part two of a four part series. Okay, so part one explained the basics explained why I'm doing this series and explained that you are reading wrong. No, I'm kidding, I don't know how you read, at least for me, the way I was reading was wrong. Now, the point of reading is to learn. But the way I was reading is that I was reading to be done. And I know psychologically, there is this thing in our brains that we have to go to completion, right? So it's like, you watch a movie, but you don't want to stop in the middle because you want to finish it. And you want to feel that you completed something, even though it's a bad movie. So most of us don't get up and leave or turn it off in the middle. Same with books. For me, it's like I wanted to finish the whole book, even if it was not good or boring, or I don't really know what was talking about, I would go through and read the whole book anyway, and then go to the next one, then go the next one. But I never really learned and I never really sunk in so that it wasn't effective in my life, I never really used it because I was just reading, reading, reading. And so the books that I'm going to share with you are totally different, I read them in a different way. And you can please go to part one of the series, and it'll tell you exactly how and why and the reasoning behind it, and how it works. But in this session, I want to talk about the first four books of the year that I read. Now, these are set in a specific order, because it's the first of the year, right first four months, and I really want to get on a good start. And so these particular books, the ones I'm going to show you are the ones that I read every single year. Now some of the books depending on what I want to learn what I want to accomplish that year, I might not read every single one of them every now and again, they're interchangeable, depending on the topics that you want to excel at. That's the cool thing about this program. So these four books, I would like there for me, they're like long term, you know, and they the issues that they address are long term issues. And so sometimes these four, sometimes take me longer than one month to implement. Some of them are not and some of them do. So it's really I tried to interspeed them. So one book will be a very highly implemented book. And then the next month, it might be just a thought-provoking book that I don't have to implement, and do and work on that much. And then next month, that again, it'll be another workbook. So all of these books, there are their, you know, best sellers, you can probably still get them. I like to get them in hardcover, because I know I'm gonna be reading them and keeping them for a long time. Even if they go on print. I want the hardcover. So I can keep doing this over and over again. So with that, let me get into book number one. So this number one is called the "One Thing". Okay, that's the name of the book, the one thing and again, you can see its hard cover, this basically tells you and ask you a simple question. It's like, what's your one thing? And the idea is very simple. It's, if we focus on too many things, we don't get enough things done. So the idea is to have really close concise goals. And then you work on just one thing to accomplish those goals. And so there's one question that they asked in here, that makes things much simpler. And they call it the, they call it the defining question, or the focusing question, sorry. And the question is, what's the one thing I can do such that by doing it, everything else will become easier or unnecessary? What's the one thing I can do that by doing it, everything else becomes easier or unnecessary? And you might be thinking, well, you know, my problems are really hard. My problems are intense, right? But there's always if you break it down into small steps, those small steps are like dominoes. And the small one knocks over the bigger...

Hey there, today I want to be talking about something that I call how I get better every year. Now, when I think about getting better, that could be in any aspect, it could be trading, it could be life, it could be in any part of your life. And what I want to talk about can be totally customized to you. So you can choose what you want to get better in. But it does take a little bit of work. Now, whenever I talk about this with people, or I share this with anybody I mean, they get a lot of benefits out of it, the people who have tried it have really told me that they loved it, they love doing it, and is very different from anything else I've ever seen. I've never seen anybody do it quite like this before. And now I believe that we don't stand still, you're either getting better, or you're getting worse, you're getting faster, or you're getting slower. You can't just be "Oh, I'm the same as I was last year", it doesn't work that way. You're either getting smarter, or you're getting left behind. Because everything, the whole world, everything moves way too fast. There's many, too many changes, there's too many people competing, there's too much noise, there's so much out there that you have to get better, and if you don't, you get left behind. Now, in many things, that's not a bad thing. But when you're in life, and you want to get ahead, then you want to keep getting better. And it's actually fun to do as well. Right? I get better by learning by education by reading. And so I'm going to be talking about how I read and it's not the way most people read. And it's definitely not the most regular books that you've heard of. It's a completely different way. I've never heard of anybody talk about it like this. And so I think it's going to be very helpful. And like I said, totally customizable to you based on whatever you want to accomplish. So that's the cool part about it. Now, I read a lot, the voracious reader. And so whenever I read, I'm always reading to get through the book, because I want to finish it because on my stack, you know how my desk I have a stack of other books that I'm ready and excited to read. Because I just love to read, there's certain topics that I like to read a lot. And so every new book that comes out, I'll get it and I'll read it and I like the paper books, you know, printed books, I don't like the ebooks that much. But I'll read those too. I have a bunch of those too that are still stacked up. But in my house, for example, my wife keeps getting upset because I keep getting more and more and more books and we don't have plates anymore. We don't have space to put these all these books. I got bookshelves on top of bookshelf, bookshelves and they're they're still full my nightstand on my table is like full of books. She even, my poor wife, she even got me a bookshelf for the bedroom. So that I could have that as well. But those are awful, too. And they're falling off and they're on the floor. And it's just piling up. So that's just the way I am. But what I realized is that I was reading and reading reading, but I wasn't learning. That's the sad part though. I was just reading to read. And so I had no knowledge, but I didn't have any implementation. And so I learned this because you know, my wife and I, we sometimes were in bed or night you're talking, she has a business. She has her own business, and I have a business so we're talking and she was explaining a particular problem that she had. So I was like, Oh, wow, that's, you know, and stuff. But you know, I'm reading this book, and it said, blah, blah, blah, blah, blah, blah. And she goes, oh, wow, that makes a lot of sense. Okay, I'm gonna try that. So then she goes, and she comes back like a week later. And she goes, Hey, you know, I tried that thing. And it worked really well. Thank you. You know, problem solved is wonderful. I'm like, Oh, that's great. You know, and then we move on. About six months later, we're in bed. And now I'm talking about a...

For more info on what is discussed in this epsiode, head to MarketPowerMethod.com Allen: Boom, welcome to another edition of the Options Genius Podcast! Today, as promised, in the last episode, we have an interview, an interview with a fellow named Kevin. And Kevin is one of our beta testers in the Market Power Program, Kevin has done an amazing 266% ROI, since he's joined the program earlier in 2003. So that's not even a whole year worth the results. And that is after fees. So after he took out his commission's after he took out his fees, that's how much money he put in his pocket. Or basically, he left in the account. I don't know what he did with it. But yeah, that's what he kept. All right. That is amazing. I wanted to share this with you, I wanted to get this to you. Because these type of results are uncommon. I think that's an understatement. You know, when you have most people trying to make seven 8% A year from the stock market, even though you know, the market, banks, banks are paying what 4 or 5%. Right now, that's wonderful, that's great. Stock market should be paying more, but nobody out there is getting 266%. So shake cheese, but we are doing it with the market power program, I wanted to share this because I want you to be excited, I want you to be happy for Kevin, I want you to know this type of stuff is available, it's doable, if you have success with trading. So that's like the goal. I mean, the goal shouldn't be 266%. But the goal should be that you have enough money coming in to pay for all your expenses that you could do that from your trading. So you have basically your financial independence, right? And then after that you keep adding more and more money to the accounts or to your savings account or whatever, so that the financial worries that you have in your life melt away and you don't have any financial work. Because the thing is like, hey, oh, I got a speeding ticket. Okay? Well, if you can write a check, to make your problem go away, you don't have a problem. And that's what I really want. That's the type of life I want to have for you. Okay, so the type of problem where he's like, Okay, if I can just write a check and make this problem go away, I don't have a problem, I have a money issue. And the money issue, we want to make it go away through trading, market power is going to be one of those ways this program is coming. It's exciting. It's amazing. I can't speak enough about it. I mean, it's just unbelievable. I haven't I lost sleep. When we first came up with this seriously, I lost sleep for days and days and days. And I just can't believe it. And even now, it's still unbelievable. 54 trades in a row that I have made with this program. I think Kevin, the one that you're going to see in the interview, I think he had one trade that went bad, and he had to adjust it. And so it still worked out. And it's phenomenal. It's amazing. And he's not the only one, I'm not the only one, we have 35 other people that are trading this, in our beta testing program. They're all doing phenomenal. We have case studies, we have screenshots, we have interviews, we have, you know, the emails from them, thanking us and saying how amazing it is. So it's just a matter of time before we can open it up for others join. And unfortunately, you know, we can't let everybody in the whole world join. So whoever gets in to get in, that's wonderful. You only help certain limited amount of people, because we still need to protect it and keep it somewhat secret in the sense so that it doesn't get diluted and it doesn't stop working. So that's the situation here. I'm gonna go ahead and stop talking and let you watch or listen to the interview. And then when market power, makes his official debut and launches to the general list, I will let you know on the podcast. Or if you want to get to know earlier, then you can go to OptionGenius.com and email us or contact us and say hey, I want to be on the notification list. I want to...