Anyone who trades options is well aware that time is money that can be bought and sold. After a few years, this usually transforms your thinking completely.

1. You trade with time every day - have
you noticed this?
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Options Trading

2. You trade with time
Anyone who trades
options is well aware that
time is money that can be
bought and sold. After a
few years, this usually
transforms your thinking
completely.
In my previous article, I wrote about how much time you
have left. Now, let's look in practice, where the purchase
or sale of time appears and where you need to become
more aware of this phenomenon.
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3. When do you sell time?
Basically you sell time, when you exchange your time for
money. The conventional way of this is the workplace. You
can sell the results of your work/activity on the market in
three ways.
Selling present time
This happens when you sit at a workplace and sell your time
during your daily routine. I do not really have to explain this,
everyone has worked for more or less time somewhere, so you
know what changing time for money means. There is nothing
wrong with the workplace, but usually this is the least efficient
way of selling your time, if an average job is concerned.
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4. When do you sell time?
Selling the past
How can I sell past in present time? It is very simple. You create
something (e.g. an infoproduct, a book, or services), which
produces money in the present, but you no longer need to
spend time on it. This is one of the most profitable
risk/rewards when talking about selling time.
Selling the future
Such a case may be when you take a loan for a project, get
money for a purchase in advance or get an invoice factored,
etc. In these cases you get money in the present in order to
fund future activities hoping for a profit. This method is not as
effective as selling the past, but it is better than selling the
present time.
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5. When do you buy time?
It is not entirely obvious, but you buy time every day. We trade with time
continuously, which is expressed in monetary terms. A few everyday examples of
purchasing time:
Using a housekeeper who performs the work for a low hourly rate, which
should be carried out by you, but if you buy his/her time, you can relax
instead or you can work for your goals.
Using a car: you could take a bus or ride a bike, but the car is faster, so you
bought time again at additional costs.
You order food: you do not need to go to the store and to cook, to spend
time on it.
You order in an online shop: it is obvious, you do not stand in a line, do not
get into traffic jam, do not have to travel, etc.
You travel by air: it would take much longer by car, you bought time again.
You go to a course: you buy knowledge from someone else, you do not
have to figure out everything yourself in a long time and for a lot of
money. 5

6. When do you buy time?
One of the most useful things is buying the knowledge of
others. Of course, you can learn everything by yourself, but is it
worth it to spend a couple of years on it if you can buy it from
someone else? Back then, I would have gladly bought knowledge
about options, but it was not available ... It is important to know
that you can buy only knowledge, it is impossible to buy experience,
so you have to spend time on it anyway, but it does matter where
you start from.
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7. EGO or efficiency?
At the beginning of my 20s, I would rather say that "I'll
handle this, learn this, etc.". I was not very good at
outsourcing. I made an EGO question of the thing and I
wanted to prove something to myself. Close to 38, I see it
differently now. I do not have to solve everything myself,
if I am not interested in something -> outsource. I can
buy time with money.
Time is the only factor, of which never will there be
more. I can have more money any time, it depends on
me. Time does not depend on me, so I have to be careful
with it.
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8. So, why do I like it?
One reason is the high leverage, by which the rate of
return on capital can be significantly increased.
Obviously, it is associated with a higher risk, so absolute
beginners are recommended to trade these products
only after serious practicing and testing. Since the
option is a leveraged product itself, the combination of
the two can achieve a very nice return on investment
within the given market conditions.
The other reason is that it is open non stop (with a few
exceptions) just like the Forex market, so an option
position can be converted any time.
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9. Options time is the same as in real
life
When I buy options, I buy time and opportunity. When I sell
options, I sell time and obligation. The "feelings" of the two
transactions are very different. The purchase of options gives
hope to exploit the great potential lying in the huge motion,
while the sale of options provides continuous revenue for the
tedious (sideways moving) times, however, this entails an
obligation.
This is similar in the real life as well: when you sell your time in
the present time (i.e. you work - you take an obligation), it
does not include the opportunity for uptick, however, it is
"sure." If you buy the time (knowledge/service of others) for
money, it has a higher potential, because you can deal with
something else in the meanwhile.
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10. Golden mean
The point is to use your time to serve your goals.
You buy and sell as much as you want, but be
conscious of it. Do not realize at the age of 60 that
you missed many things. You can make more
money any time, but you cannot make time. Tick
tock, the clock is ticking ... even now.
What is the next item on your agenda?
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11. Feel free to ask me!
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Email: gery@optionsrules.com
My webpage: http://www.optionsrules.com/
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