How To Make Options Trading A Non - Zero–sum Game


Manage episode 152573496 series 1063725
על ידי Joshua Belanger התגלה על ידי Player FM והקהילה שלנו - זכויות היוצרים שמורות למפרסם, לא ל-Player FM, והשמע מוזרם ישירות מהשרתים שלכם. הירשמו כדי לעקוב אחר עדכונים ב-Player FM, או הדביקו את כתובת העדכונים באפליקציות פודקאסט אחרות.
This morning I was looking over positions after this recent market move. Nobody would have predicted this, and if they did, it was a lucky guess. That's how the markets work; they are random. However, I was glad that I managed the winners I had days before because they would have become losers today. I have a saying that goes like this, "When you've earned the right to take profits, you take them." It took me nearly 10 years to learn how to make investing using options a non-zero–sum game by managing winning trades. In the old reckless days, I would hope and pray they expire. Most of the times they did, but then there were times they didn't. I had winners that turned to big losers, which is frustrating going into a weekend. I started to figure out I needed to close out trades before expiration, but I didn't know exactly the optimal number until recently. You can either let the market close you out, or you can do it on your terms. I prefer to be on the offensive and do it on my terms. It's helped with: * Being more consistent * In trades for less time * Able to generate a better ROI on overall capital * Creating a higher win rate The number I manage all my trades is at 50% now. There have been millions of dollars spent on this research to verify that. It's helped me create more predictable returns and create consistency, and it will help you as well. If you're tired of "letting your winners run" into losers, then you're going to want to learn how to manage your winners, which I teach you in the book I wrote called: To your wealth, freedom and options! Joshua Belanger

228 פרקים