New Search

If you are not happy with the results below please do another search

1 search result for:

1

How to Successfully Trade Options

Over the past eight years I have been a full-time trader and options trading mentor, and have come to the realization that my time as a mentor has helped my trading more than any thing else could have done to improve my trading. As a mentor, I see day in and day out what works and what doesn’t. So whenever someone asks me how they can trade options successfully, I think I can speak with some experience. The most important thing to being a successful options trader is to have a plan. The plan is what will I trade, how will I trade it, what will my profit goal be, and what will my max loss be. Find a Valid Option Strategy A very important part of the plan is that it has to be a sound one, meaning I have to find a valid option strategy and I have to understand how the stocks or indices that I use, move. The plan must involve which options I’m going to use, which underlying, the strategy, and finally, when am I going to enter the trade. Once I enter a trade how will I manage it if it works for me […]