Yeah, I believe we alive now. How you doing friends? Ernie here and in the vacation home. So that's why you see a slightly different background. That's slightly, it's really different. I'm not in my dungeon anymore. I am on Martha's Vineyard. We were not able to beat Henri to the island. It beat us yesterday.
And so we were sent home by the coast guard saying that they could not allow the ferry, the steamship authority to take us over to the island. So we had to return this morning and here we are such as life, you're dealt with these things that happen. Some, nothing is regular, nothing is.
Life itself is impermanent. And so it was trading. Trading is definitely impermanent today's episode is about impermanence. And I'm asked this question quite a bit. Can I generate an income with the zero dash DTE strategy? Notice the dash must never forget the dash. If you forget the dash, you're going to find trash the 0-dte.com strategy.
If you want to try it out, go to 0-dte.com/try Anyways, can you generate an income with the zero dash DTE strategy or the zero days to expiration? One would think that it has all the, all of the components of an income generating strategy as if that is a thing, right? Because a lot of people talk about options, income generation, and I'm going to debunk that notion 100% in this podcast, in this episode.
And it all has to do with impermanence and we'll get into it. We will get into it and we'll look at, what are some valid income generating strategies of which trading is not one of them. And certainly zero DTE is not one of them. However, from the uninitiated or for those that believe that there is such a thing as an income generating strategy, you see it all the time and you go on YouTube and you start searching around for videos and they talk about their trading income strategy.
It's crazy. These people are delusional. They cannot guarantee an what are some of the first of all, let's establish this. What are some of the characteristics of an income. I think we can all agree on certain things, right? An income is something that's regular and expected, maybe not guaranteed, but about as close to a guarantee as you're going to find.
So for instance, if you have a job, there is an expectation that on payday, you're going to get paid and agreed upon amount. Of money that you can then do what you want to do with every once in a while you might get a raise or you might get canned and then no longer are you the benefactor of an income. So you have to go out and search for another one, but you're not going to go out and start trading to generate that income.
You would be a frigging idiot. You would be a dumb ass. That's what you would be. If you went out and started trading, thinking that you were going to replace your income. There's another thing. Replacing that income. What would it really take? Let's be realistic here.
Let's say that your income is, I don't know. You're doing okay. You're making $10,000 a month. Okay. What would you need as capital? What are the capital requirements around generating $10,000 a month regularly? Now, first of all, let's throw the whole idea of regular out, as if you could take a trading strategy and like clockwork, pump out $2,500 a week, which is a little bit more than $10,000 a month.
We'll say $2,500 a week every week. You're doing that. So that means on the zero DTE, you're making at least $800 each event, Monday 800 Wednesday, 800 Friday 800. Ka ching. Ka ching. Ka ching. We know that. That's not true.