written by reader as I’m watching Altucher’s latest come-on on how easy it is tp make money with no experience and not using options or needing any money to trade

By backoffice, April 22, 2018

I watch him as he approaches a young lady who he talks into placing a trade it becomes evident he’s selling a put and collecting the profit up front yet the account has no money in it until the trade is done, I watch him do this to 2 other people using the same approach and walking away with a profit. My question is doesn’t he have to have capital to cover these trades in case they don’t hit? I can’t see this type of trading with no downside? Is rigs possible? Thanks Travis

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