Thursday, January 30, 2020

Swing trades are executed within 2 – 10 days. This short time frame is critical to successful options trading. Some Basic Essentials before going further: FIRST: Keep it Simple! Complicated systems lead to stressful, emotional trading, which is gambling. SECOND: Start with a basic, profitable, safe strategy before charging at windmills. Many beginners start too quickly, expecting to make a fortune. Statistics say that 90% lose their shirt. Call it “school fees” if you like, but education does not need to be so expensive. I have found it better to start with a moderately profitable, simple strategy, and then expand to a variety of methods that require a bit more skill. FINALLY: There is one key concept that is absolutely critical to being successful at option trading: TIME DECAY. This is the Secret Monster lurking behind every option trade. Learn how to keep this monster working FOR you, not against you. https://www.youtube.com/watch?v=z44PGA1WOIE #NMBO227

Swing trades are executed within 2 – 10 days. This short time frame is critical to successful options trading.

Some Basic Essentials before going further:

FIRST: Keep it Simple! Complicated systems lead to stressful, emotional trading, which is gambling.

SECOND: Start with a basic, profitable, safe strategy before charging at windmills. Many beginners start too quickly, expecting to make a fortune. Statistics say that 90% lose their shirt. Call it “school fees” if you like, but education does not need to be so expensive.
I have found it better to start with a moderately profitable, simple strategy, and then expand to a variety of methods that require a bit more skill.

FINALLY: There is one key concept that is absolutely critical to being successful at option trading: TIME DECAY. This is the Secret Monster lurking behind every option trade. Learn how to keep this monster working FOR you, not against you.

#NMBO227

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