30 min
Saving The World By Trading With Virgil Hughes The Option Genius Podcast: Options Trading For Income and Growth
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- Investing
People literally ask me this one question ALL THE TIME… “Allen, how did come up with such a lucrative, safe, and easy way to trade?” I explain it all in my new book Passive Trading, get your free book here https://www.passivetrading.com/free-book!
Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that’s exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer.
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Allen: All right, everybody. Welcome, Genius Nation. We have a special edition today. We have a video podcast episode, and I'm today here with Mr. Virgil Hughes, who is a full-time trader. I wanted him to get on the podcast to share his experience, to share his stories, how he got started, what he does, so that he can explain to you how he trades for a living.
But I also wanted, and what really spoke to me about Virgil, is that he mentioned that he uses his time away from trading to actually give back to other people in the world, and I wanted him to come on and share that message as well and to share with us what he's doing and how he's actually making the world a better place.
So, Virgil, how you doing today?
Virgil Hughes: I'm good. Thanks, Allen, and thanks for having me on. It's a pleasure to be talking with you and sharing your story as well.
Allen: Yeah, no, I mean I always love talking to traders and the students that come through our system. We've been doing this for a while now, so we have a lot of people that reach out to us and share their success stories. And I think that really, for me, that has actually given me more of a passion of giving back and helping out and sharing their stories as well so it's not just about me talking about myself but it's actually other people are doing well, and I want to share their stories as well.
Virgil Hughes: Good.
Allen: So that's why we're here. And so, Virgil, tell us, how'd you get started in trading?
Virgil Hughes: Well, it's a little bit of an odd story. I think I've always been engaged or interested in the financial markets, but I spent a career as a CEO doing turnarounds, and that was more than full-time. And at one point, I was diagnosed with cancer and-
Allen: Wow.
Virgil Hughes: ... had to step back and had tried to get back into the workforce and had a relapse.
Allen: Oh, my.
Virgil Hughes: Eventually, I just said, "I got to figure out something else." And so I started doing some trading in the futures market and then learned about options and so I traded half heartedly for a number of years while I did some consulting but in the last few years have been doing it full-time.
Allen: Okay. So, I mean, how are you doing health-wise now?
Virgil Hughes: Oh, it's long gone.
Allen: Oh, that's wonderful.
Virgil Hughes: Fortunately, cancer is a distant memory now.
Allen: That's great.
Virgil Hughes: [crosstalk 00:02:58]
Allen: I mean, I can imagine doing turnarounds, that sounds very stressful. I mean, I-
Virgil Hughes: Yeah, it's extremely stressful. You have a lot of people that don't like you.
Allen: So you were like the Richard ... What was he? Richard Dreyfuss guy in Pretty Woman? Was that him?
Virgil Hughes: No. Not quite. I can't think of a good cultural icon to compare myself to, but companies that got broken because somebody screwed up, I would come in and fix them.
Allen: And that would probably mean letting a lot of people go.
Virgil Hughes: Well, people get comfortable doing what they're doing, and even if it's wrong. And so I would have to help them see the light or help them see the door.
Allen: Awesome. All right, so what are you trading now? What are your specialties?
Virgil Hughes: Well, mostly just equities and options and combinations of equities and options. And I've
People literally ask me this one question ALL THE TIME… “Allen, how did come up with such a lucrative, safe, and easy way to trade?” I explain it all in my new book Passive Trading, get your free book here https://www.passivetrading.com/free-book!
Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that’s exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer.
--
Allen: All right, everybody. Welcome, Genius Nation. We have a special edition today. We have a video podcast episode, and I'm today here with Mr. Virgil Hughes, who is a full-time trader. I wanted him to get on the podcast to share his experience, to share his stories, how he got started, what he does, so that he can explain to you how he trades for a living.
But I also wanted, and what really spoke to me about Virgil, is that he mentioned that he uses his time away from trading to actually give back to other people in the world, and I wanted him to come on and share that message as well and to share with us what he's doing and how he's actually making the world a better place.
So, Virgil, how you doing today?
Virgil Hughes: I'm good. Thanks, Allen, and thanks for having me on. It's a pleasure to be talking with you and sharing your story as well.
Allen: Yeah, no, I mean I always love talking to traders and the students that come through our system. We've been doing this for a while now, so we have a lot of people that reach out to us and share their success stories. And I think that really, for me, that has actually given me more of a passion of giving back and helping out and sharing their stories as well so it's not just about me talking about myself but it's actually other people are doing well, and I want to share their stories as well.
Virgil Hughes: Good.
Allen: So that's why we're here. And so, Virgil, tell us, how'd you get started in trading?
Virgil Hughes: Well, it's a little bit of an odd story. I think I've always been engaged or interested in the financial markets, but I spent a career as a CEO doing turnarounds, and that was more than full-time. And at one point, I was diagnosed with cancer and-
Allen: Wow.
Virgil Hughes: ... had to step back and had tried to get back into the workforce and had a relapse.
Allen: Oh, my.
Virgil Hughes: Eventually, I just said, "I got to figure out something else." And so I started doing some trading in the futures market and then learned about options and so I traded half heartedly for a number of years while I did some consulting but in the last few years have been doing it full-time.
Allen: Okay. So, I mean, how are you doing health-wise now?
Virgil Hughes: Oh, it's long gone.
Allen: Oh, that's wonderful.
Virgil Hughes: Fortunately, cancer is a distant memory now.
Allen: That's great.
Virgil Hughes: [crosstalk 00:02:58]
Allen: I mean, I can imagine doing turnarounds, that sounds very stressful. I mean, I-
Virgil Hughes: Yeah, it's extremely stressful. You have a lot of people that don't like you.
Allen: So you were like the Richard ... What was he? Richard Dreyfuss guy in Pretty Woman? Was that him?
Virgil Hughes: No. Not quite. I can't think of a good cultural icon to compare myself to, but companies that got broken because somebody screwed up, I would come in and fix them.
Allen: And that would probably mean letting a lot of people go.
Virgil Hughes: Well, people get comfortable doing what they're doing, and even if it's wrong. And so I would have to help them see the light or help them see the door.
Allen: Awesome. All right, so what are you trading now? What are your specialties?
Virgil Hughes: Well, mostly just equities and options and combinations of equities and options. And I've
30 min