The whole beauty of the setup of Planet Wealth is the fact that you get to copy their trades directly. Inside the members only forum, Andrew Dimitri and a few other highly recognized professional traders will provide the details of their own personal trades. So you know they are going to be great trades because they are using their own money on them. Inside this forum, everyone can ask questions and discuss the in’s and out’s of each trade and once you understand how it all works you can then call your broker and tell him about the trade you want to place. But as you can imagine, this caused hundreds of people calling the broker all at the same time and it became apparent that an easier system was needed.
Lets have a look at this quick video from Andrew Dimitri explaining how it all works.

These video require the latest version of flash:

It’s important to note that Planet Wealth are not brokers and neither do they provide the service. They have a recommended broker who understand Planet Wealth’s trading strategies and it is they who came up with the idea of the Autotrader service.
It is basically a system where you can sign a form to authorize to have Planet Wealth’s trades copied directly into your account. Obviously everyones trading accounts are different sizes so it is adjusted accordingly but you can be assured that you will get the same trade placed at the same time at the exact same price with the exact same premium. Then as the trade progresses throughout the month and approaches expiry, the changes they make are made to your account as well. It is all done automatically and there is nothing for you to do.
This service has become so popular with Planet Wealth’s members that up to 90% of them are now using it. The power of this is that you get professional trades being placed and managed into your account and you can get on and enjoy your life. It doesn’t matter if the stock price goes up, or down or even sideways.
You can be assured that the best course of action will be taken to protect your trade. In fact a lot of people say that they have the money and desire to trade, but simply don’t have the time to be consistent and produce the results they want. If you are one of these people or simply fear the thought of being a trader in the stockmarket, then Autotrader might just be the answer you’ve been looking for.
To find out more about Planet Wealth’s Autotrader service, please have a look at the website and you can contact them directly for an informal chat.

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Happy Trading

Stuart Ginbey
Planet Wealth

Here is an example to show you how it’s done.

XYZ is trading at $19.97 and lets say we own 200 stocks.
Therefore the cost to purchase the stocks =$3,994
We want to rent them out, so we write a covered call on 200 XYZ stocks
1. Say we choose an exercise price of $20.50 to expire in 4 weeks time
Lets say the premium is $1.20c per stock.
We would automatically be paid $240 into our account. (200×1.20c=240)

This may not sound like much,yet, but how would that look if you had 2000 stocks? And for only 4 weeks.

So, what do you need to do?
2. Call your broker and say: I want to write a covered call on XYZ with an exercise price of $20.50, with a January expiry and a premium of $1.20c.

You have just spent 3 minutes on the phone and received $240 into your account.

This can also be diversified across different stocks that you may already own.

So that’s the basics of the trade. Just to re-cap:

1. Choose and buy stocks

2.Choose a Rental Price

3. Choose a Rental Period

4. Rent them out and receive Rental Payment in Advance

Stay tuned and we will find out what happens at the end of September.