Over the past seven years, I have been a full-time trader and options trading mentor. I have found, over that time, that becoming a mentor has helped my trading, just as much as or more than any other thing that I’ve ever 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 can I trade options successfully?” I think I can speak with some experience. How to Be Successful at Trading Options The most important thing you need to being a successful options trader is to have a plan. The plan requires answers to these questions: What will I trade? How will I trade it? What will my profit goal be? What will my max loss be?   A very important part of the plan is that the plan has to be a good one, meaning I have to find a valid option strategy, and I have to understand how stock or indexes that I use, move. The plan must involve: Which options I’m going to use? Which underlying (and the strategy)? When I’m going to enter the trade? How will I manage the trade if […]