Too many people underestimate the emotional component of option trading. They think it will be easy to pull out when they’re losing money… and ride a winner when it’s making money.
But what we often imagine is easy (in theory) is harder (in practice) than we think.
Which is why it pays to follow rigid trading rules that “overrule” your emotions. Without them, your emotions may take you for a ride.
Here are a few common emotional responses people have when they first risk real money on a trade…
In this series of 6 videos, I show you how to execute my covered call writing strategy from start to finish. Watch the first video instantly when you click for more information. Click for more »
Currently, I’m in Chicago presenting at the Trading Trainer Intensive. And we’re having a blast!
But that’s not why I’m writing today…
Late Wednesday night, I got an email from E.B., a new Trading Trainer member. She signed up for both the Member site and the Accelerated Learning Program.
After poking around a bit, she wrote down some of her observations and sent them to me. She made a number of good observations. And I wanted to share one of them with you here.
Discover simple but effective option trading strategies that lock-in profits on low-risk, short-term trades. Takes only 30 minutes a day. Click for more »
Quick heads-up…
Recently, I was invited to contribute a gift to a free Wealth Giveaway being put on by Kathy Strahan, a successful lady who specializes in private money lending.
I agreed.
But… I totally forgot to tell you about the giveaway until now. And, to complicate matters, the giveaway ends tonight (Friday, August 22). Read More
Includes a free audio training course, a free DVD, a free strategy session, and a free month of the new Accelerated Learning Program. Click for more »
In the Trading Trainer way of doing things, we use a Fundamentals Filter to create what we call our “Watch List.”
This allows us to be watching the best of the best “option-able” stocks out there. These stocks not only catch the attention of traders with big cash rolls, but they also work best with our subsequent filters for finding hot picks for the day.
Our Fundamentals Filter actually looks at more than just fundamentals. It examines: Read More
In this series of 6 videos, I show you how to execute my covered call writing strategy from start to finish. Watch the first video instantly when you click for more information. Click for more »
I want your comment, if that’s okay?
It’s about my newest contest that gets me so excited when I think about it that I can hardly stand it. It inaugurates a brand new set of prizes that I have never offered before.
The new contest I’ve put together this time gives you the chance to win a free ticket to my Million Dollar Options Trading Intensive ( in Chicago this time )… AND… a free three month spot in my next New and Improved Immersion Apprentice Program starting in October 2008 ( if you’re accepted )… AND… a free seat on my one-time-only Chicago Exchange Tour where you’ll come with me, the day after my Intensive Training, and watch, with your own eyes, how the CBOE and CME exchanges work in real time.
If you are serious about becoming a world-class options trader, then I guarantee you will want to enter this contest.
How can I say that with such confidence?
It’s because entering the contest is quick and easy. Not to mention 100% free.
Which is why it is so important for you to get ongoing option trading education from somebody who has developed a proven system for profit. Click for more »
Every once in a while, I receive a letter that warms my heart and reminds me of why I do what I do. On Tuesday, I received just such a letter.
I want to share the letter with you here. Please note that I’ve not used the member’s full name because he wanted to remain anonymous.
The subject line of his email was: “The first fruits of my learning.” Naturally, I was curious. So I opened the email. Here is what I found… Read More
Develop the skills, discipline, and accountability that are critical to your success as an option trader. And do it all using a proven system for success. Click for more »
As you might already know, we recently began accepting applications to join the new Apprentice program.
The folks who are accepted into the program will practically be forced to be successful. Failure is not an option.
But — and I don’t say this lightly — not everybody is ready to be an Apprentice. Here are three reasons why… Read More
If you’re already an active options trader, or if you’re just getting started, I’ve got some exciting news to announce.
For the last few months, I’ve been working hard to put together a new training package for you. And, finally, I’ve finished!
But the most exciting part about it is this — you can get this training package FREE. Read More
If you’ve ever had a 401(k) or just about any kind of retirement plan, you’ve probably heard the popular advice that you should “buy and hold.”
Never mind if the market is tanking and your portfolio is bleeding money like IndyMac. You should simply keep investing money because you’re getting a “good deal” on stocks.
After all, if you’re buying stocks at cheaper and cheaper prices, you’re “dollar cost averaging.” And dollar cost averaging is the best strategy in the long-run because stock prices always go back up, right? Read More
I talk about volume a lot in this space, as well as in my Trading Trainer community.
The reason is because volume is a critical concept to understand. As I like to say, volume is the great validator.
Stock prices go up and they go down. But every price movement is not the same. The quality of the price movement is determined by volume — how many people were driving the price movement. Read More
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