September 22, 2026

Live Q&A with Mike Shorr: Allocation, Risk Management, and More

Mike Shorr answers live trading room questions on triple witching, proper position allocation, and a faster ThinkorSwim trade execution setup.

Mike covers:

  • What triple witching actually is and why most traders don’t need to worry about it
  • His approach to allocation as a percentage of total capital instead of chasing a specific dollar target
  • Why he tightens stops as price nears resistance or support instead of setting a fixed exit
  • A ThinkorSwim configuration that links the option chain directly to his execution ladder
  • Why he insists on testing any new platform setup in SIM before going live

Want to work with Mike? Get qualified in less than 2 minutes

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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