Nowadays, a lot of people are getting interested in investing and trading in the stock market. And guess what? You don’t have to be rich to do it! In fact, most stock traders are middle-class young adults. Investing can yield higher returns than keeping your money in the bank, and you can start with as little as one dollar. It’s definitely more accessible!
But, before you start investing in stocks, you need to educate yourself, have a trading strategy, and most importantly, a good mindset. You’re not always going to win in stock trading, and if you can’t handle the disappointment, you might end up losing more money than you expected.
That’s where the Money Press Method comes in. It claims to teach you everything you need to know about stock trading and investments.
As an experienced investor and Internet entrepreneur, I’m in a good position to share my thoughts on this program. And just so you know, I’m not affiliated with Money Press Method, which means my review is totally unbiased.
By the end of this review, I’ll also let you know about a better business model that’s enabled me to make a full-time passive income online.
So, in this Money Press Method review, we’re going to cover the following points.
Table of Contents
- What is Money Press Method?
- Who is Preston James?
- How does Money Press Method help you make money?
- Who is Money Press Method for?
- How is the training structured?
- How much does Money Press Method cost?
- Praise for The Money Press Method
- Criticism of Money Press Method
- Is Money Press Method a scam?
- 5 Challenges of Options Trading
- Is there a better way to make passive income?
What is Money Press Method?
The Money Press Method is a guide that focuses on options trading and teaches you how to use a specific strategy to earn plenty of money.
What are stock options, you ask? They’re contracts that give the buyer the right to buy or sell underlying stocks at a predetermined price and within a specified time period. Think of it as an “insurance” for your stock portfolio that protects you from losing your investment money if a certain stock’s price drops.
With options trading, you can also trade options in the same way you trade stocks. The Money Press Method guide is designed to help you get the most out of your options trading and stock trading.
It’s worth noting, however, that this guide isn’t intended for beginners. Unlike online courses such as Prosper Trading Academy that teach you how to get started on the stock market or options trading, this guide assumes that you’re already familiar with both. So, it can be a bit confusing at first.
And keep in mind that options trading, like stock trading, carries risks. Even with a guide like this, you won’t be able to get a consistent amount of earnings due to the market’s unpredictability.
But if you’re up for the challenge and want to take your options trading to the next level, the Money Press Method guide might be the key to your success.
Who is Preston James?
Money Press Method is created by Preston “The Pirate” James. With over 25 years of experience in options trading, Preston has been helping his students to earn profits and achieve financial freedom. No wonder they call him “The Pirate” because his trading strategy is like finding a treasure.
Before becoming a successful options trader and mentor, Preston was a college football player. He even earned a scholarship for his local college as a walk-on linebacker.
But after meeting a former linebacker who became his mentor, he started to learn about options trading, and it changed his life.
In his introduction video, Preston showcases his personal trading account and earnings to prove that his options trading method really works.
If you’re interested in learning more about his approach, the Money Press Method might be the right fit for you.
How does Money Press Method help you make money?
If you’re looking for a way to earn a substantial income through online options trading, the Money Press Method claims to help you do just that.
The idea behind the method is that options brokers can make more money by buying and selling options themselves. By trading options, you can potentially profit from both rising and falling markets.
The Money Press Method involves buying two options – a weekly option and a long-term investment option. You’ll continuously sell the weekly option while using the long-term investment option as a form of protection against potential losses.
This method is called “options spreading” and is a common approach used by many options traders.
The guide suggests buying your weekly options in bulk since it can cost you less than buying them individually. By doing this, you can make money through the premium that comes with selling weekly options.
Overall, the Money Press Method is similar to what experienced options traders are already doing. Nonetheless, the method’s foundation is based on buying and selling options to earn a profit, specifically through the use of weekly options.
- Learn more about options trading.
Who is Money Press Method for?
Before jumping into any investment strategy, it’s important to consider whether it’s the right fit for you. The Money Press Method is no exception. It’s not suitable for everyone, especially if you’re risk averse.
If you’re someone who can handle a high level of risk, then the Money Press Method might be a good fit for you. This program is designed for people who are looking to make a lot of money quickly and who are comfortable with aggressive investing.
Keep in mind that options trading can be risky. However, it’s important to remember that the greater the risk, the greater the potential return. So, if you’re someone who is willing to take risks and can handle the ups and downs of the market, then the Money Press Method might be a good option for you.
How is the training structured?
This guide includes a booklet and two instructional DVDs that provide a step-by-step explanation of the method itself.
While the first few pages of the book touch on Preston James’ personal life and how he got into options trading, don’t worry – the real meat of the guide is just a few pages away. You’ll learn how the Money Press Method works and why it’s so effective.
If you’re new to option trading and the stock market in general, the book suggests that you jump ahead a few pages to learn about why James loves trading options. That way, you’ll have a better understanding of what you’re getting into.
How much does Money Press Method cost?
The Money Press Method guide is completely free! You only need to cover the shipping costs to have it delivered right to your doorstep.
Now, before you get too excited, we should mention that the guide serves as a teaser for Preston James’ online course called the Weekly Options Windfall.
If you’re interested in learning more and taking your earning potential to the next level, you’ll have to cough up around $997.
Praise for The Money Press Method
1. Expertise and Experience
Preston James is a respected figure in the options trading world, with more than 25 years of experience under his belt. This means that he has seen and experienced the ups and downs of the market, and he knows what works and what doesn’t. You can trust that his Money Press Method guide is based on sound principles and reliable insights that can help you succeed in options trading.
Criticism of Money Press Method
1. Outdated Information
One of the biggest cons of the Money Press Method guide is that it may contain outdated information. The author has not updated the guide to reflect the current state of the stock market. As a result, some of the strategies outlined in the guide may no longer be effective. However, this doesn’t mean that the method won’t work today. It just may not be as effective as described in the guide.
2. Nothing New
Another drawback of the Money Press Method guide is that it doesn’t offer much that’s new. While the strategies presented in the guide are useful for options trading, they are not groundbreaking. You can find similar information for free from other resources. Therefore, if you’re looking for something truly unique, this guide may not be the best fit for you.
3. Sales Pitch
Finally, there’s a strong indication that the Money Press Method guide is more of a sales pitch for its high ticket online course, Weekly Options Windfall. In other words, the guide may not be focused on providing proper training but instead geared towards getting readers to sign up for the course. Therefore, if you’re looking for a guide that offers unbiased information, this may not be the one for you.
Is Money Press Method a scam?
Money Press Method is not a scam. It’s a legitimate program that can teach you a few things about options trading. However, it’s not as easy as the creator, Preston James, makes it out to be.
It’s also worth mentioning that the Money Press Method is relatively cheap because it’s designed to be an upsell to a higher-priced training course. That course is the Weekly Options Windfall (WOW) insiders program, which offers additional material to help you with your options trading.
The idea is that once you’ve learned the basics of the Money Press Method, you can move on to other options trading strategies by joining the WOW program.
But keep in mind that options trading is inherently risky, and no one can accurately predict the financial market. So even with the best training and strategies, you may still lose money.
5 Challenges of Options Trading
1. Technical Language and Regulations
One of the biggest cons of options trading is the technical language and regulations that come with it. Understanding the language and regulations associated with options can be a daunting task, especially for new traders. It’s advisable to stay away from options trading until you have obtained a decent amount of expertise in the stock market and have studied how options work.
2. Infinite Losses
In options trading, a trader can face infinite losses. For instance, the seller of a call option with a $200 strike price is obliged to sell shares at this price at any time during the option’s life. But if the share price rises significantly, the trader may have to buy at the new high price but sell for the $200. This potential loss is theoretically infinite. However, proper risk management can mitigate this risk.
3. Lower Liquidity
Lower liquidity of some stock options can be a major challenge for traders looking to enter and exit the trade market. Options with lower liquidity tend to have wider bid-ask spreads, which can increase trading costs and decrease profits.
4. High Margin Requirements
One of the significant costs associated with options trading is margin requirements. Margin is the amount of money that a trader must deposit with the brokerage to open an options position. The amount of margin required depends on the type of option being traded, as well as the underlying security. High margin requirements can eat into a trader’s profits, making it more challenging to generate substantial returns.
5. Higher Trading Costs
Options trading costs more than stock or futures trading, especially with a full-service brokerage. The higher trading costs can eat into a trader’s profits. However, you can reduce these costs by using discount brokers such as Robinhood, which offer lower commissions.
Is there a better way to make passive income?
Although investing is one of the most popular ways to grow your wealth and give you some passive income, the stock is unpredictable.
Even if you have the tips or insights from Andy Tanner, it doesn’t guarantee you will win in the stock market. Only God knows when the stock price will rise or plunge. You may be able to make some money in a few attempts, but lose it all in the other attempts.
So if you really want to make a stable and secure stream of passive income, I would suggest you starting an affiliate marketing business online instead.
Affiliate marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
For more information, you can check out my full review of Wealthy Affiliate.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.
You can enjoy all these values without paying a penny.
So I strongly recommend you to register a free account and see it yourself.