Having traded options successfully for well over a decade, I fully appreciate the wisdom shared in this post. Unfortunately, I also concur with the statement "Most option traders will never implement this system." Those who trade options profitably likely incorporate many of these principles into their strategy, while others will come to recognize their value through time and experience.
It's funny — the stuff that actually works feels boring as hell compared to chasing 10-baggers. Nobody gets excited about methodically selling 30-day calls.
But I guess it's the ultimate truth that most people have to blow up a few accounts before they're ready to embrace the boring
Having traded options successfully for well over a decade, I fully appreciate the wisdom shared in this post. Unfortunately, I also concur with the statement "Most option traders will never implement this system." Those who trade options profitably likely incorporate many of these principles into their strategy, while others will come to recognize their value through time and experience.
Thanks, PK!
It's funny — the stuff that actually works feels boring as hell compared to chasing 10-baggers. Nobody gets excited about methodically selling 30-day calls.
But I guess it's the ultimate truth that most people have to blow up a few accounts before they're ready to embrace the boring