Hard vs. Mental Stops for Option Traders

When to choose hard vs. mental stops as an options trader is a topic that comes up frequently in my daily group coaching classes and one-on-one coaching sessions. The truth is, it is not an easy answer. When it comes to options, stop losses can be a little tricky as compared with an investor who […]

Access Leads to Excess

How is it possible for some professional traders to make the excess profits they do? Are they smarter than you? No. (And I’m not just being nice. My experience shows it’s true.) If anything, they just have a little more experience. Do they take more risk? Definitely not. In fact, they take less. Are they […]

Option Vega Works Both Ways

Option Vega

If you have traded over the past several weeks, you have undoubtedly noticed how volatile the market has been. As an option trader, you are or probably should be familiar with how implied volatility changes can affect option prices. Below we will take a look at a topic I covered in class a couple of […]

Get to Know Your Options Trading Platforms

Option Trading Platform

“I’m a carpenter but I don’t know how to use any of my tools.” … Said no one, ever. If you work in any field, knowing how to use the tools of your trade is, legit, one of the most important things you can put your efforts toward. It goes the same for trading. Options […]

Trade Management Needs to Be a Priority

option vega

Whether you are new to options or have been trading them for several months or decades, you know there is plenty to learn and discover about them. Essentially with stock, there are only two things you need to know: buy and sell. With options there are more moving parts, like implied volatility (IV) and the […]