How much do I need to start trading these strategies?
There is no minimum, however it is important that your trade size and number of trades are structured to a responsible risk management program.
We outline the exact structure of our portfolio, including number and size of trades relative to an account size, in each of the eBooks. However, this is only a guideline, and you must make the decision, depending on your risk profile, on how much to manage the risk on your own account.
For example, with Options Plus, we recommend a minimum trade risk of $1,000, and that each trade should only use up 10% of your total account size. For example, if you had a $10,000 account, you could set your own parameters to be a maximum of 10 trades with a maximum risk per trade of $1,000. If you had $25,000 you could choose 10 trades with a max risk of $2,500.
That doesn't mean you can't trade with smaller accounts though. Let's say you only had $5,000 to invest, you may decide to choose only 5 trades with a max risk of $1,000. That's fine, but you need to be aware your account is at higher risk because you are investing more of your capital (as a percentage) with each trade. Again, you need to decide what you are comfortable with and manage your trade sizes accordingly.
We do encourage and educate you on solid risk management, and we explain exactly how we manage our accounts for both Renting Stocks and Options Plus portfolios in the respective eBooks.