The Next 5 Things You Should Do For Options Trading Success.
The Next 5 Things You Should Do For Options Trading Success.
Make a solid trading system. Buy one if you don’t know how.
Study that system to see how it performs in different price action phases of the marketplace which will affect your stock thereby affecting your options. Study the slow times versus Fast Times, the consolidation versus the breakouts oh, the trending markets versus the channeling markets.
Practice that system so you have it down pat and it’s producing consistent returns for you.
Compare historical results to different What If Money management position sizing. Keep your money management position sizing simple. If you don’t know then usually, depending on the size of your account, start out with 1/20 of your account portrayed.
But really you’re just going to have to find out your personal average winning percentage and average profit versus loss. Your perfect winning percentage gets worked out over time And that’s why most trading books struggle to identify the ideal money management position size. Because there is no ideal one-size-fits-all money management position size per person and persist system. Even the different people trading the same system will have to have different money management position sizes!
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