May 7, 2020

I am an Options Day Trader!!! Now What???

The biggest indicator for the success of a trader in all of my years of training clerks, junior traders, senior traders, and my current students is this.  Their inability or unwillingness to realize a loss and to manage their risk responsibly.  Here is a very straightforward lesson on how to do that.  The rest is just repetition.

Click the video below as I explain.

about the author:

Mike Shorr

Since 1994, Michael has been an on-the-floor market maker, Vice-President of Interest Rate Derivatives for Knight Financial Products and Director of Education and Options Instructor at Trading Advantage. He makes the oftentimes complex world of options and trading accessible to the novice and advanced trader alike. Michael has a Bachelor of Science degree in Statistics and Finance from the University of Illinois Champaign-Urbana. He presently is Director, Trader Education at ProsperTradingAcademy.

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