Photography by Dennis Phan  潘家墉 




I am a big fan of Mr. Robert T. Kiyosaki, author of “Rich Dad Poor Dad” book, #1 New York Times Best Seller in late 1990’s. I read his first book “Rich Dad Poor Dad  recommended by the speaker of stock seminar I attended and I got hooked to the rest of the series. In “Rich Dad Poor Dad” book series, Mr. Kiyosaki mainly mentions about asset versus liability; money working for us instead of us working for money etc... Of course, there are many more points but in my opinion, those are the main ones.


Mr. Kiyosaki mentions the “formula” sales = income in his books. I agree with this idea. If we don’t sell, we don’t have income. However, to be a successful sale man, we need social and communication skills. We also have to conquer shyness and fear of rejection. Without those skills, it is pretty tough to be a successful sale man. However, thanks to today internet technology and the US market, we can still be a pretty good sale man without those skills.


The US option market is one of the world’s largest and most liquid. In some cases, the strike price increment is $0.50 with penny wide bid and ask option price due to extremely heavy volume. This is an ideal scenario for option trader. The tight bid and ask price makes it easier to get in and out of the trade. To sell in the US option market, we don’t need social and communication skills. We only need basic computer skills and a trading platform we are comfortable with. Buyers and sellers never meet face to face which takes care of the shyness issue. The rejection is almost none existence here. We first set a price we want to sell. If a buyer is interested, the sale is made. If not, we simply alter the price to a point the buyer agrees upon to make the sale possible. In a highly volatile market, we occasionally get higher bid than the price we ask for. I am mainly a seller when I trade option. I only buy when I have to. Most of the time, I buy as an “insurance” for my existing selling position. This strategy is commonly known as “credit spread” or “selling vertical calls/puts”. To make matter more interesting, we don’t even need to own the products we are selling. They are available on the street. The trick is to find the right product to sell. Sound easy? The answer is up to us. If we know what we are selling, it will be an easy sale to enjoy but if we don’t, it will be a hard sale to swallow.


To make income, we need to sell. It is up to us to decide what and where to sell.




Dennis Phan   潘家墉

1971/1974 Khai Minh Doan Ket Class

10 May 2014 in Claremont, California, USA









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