A career in options trading can be one of the most rewarding or frustrating experiences ever. Those who succeed are those who are able to really look within themselves and pin point their needs versus their wants.
For example:
A guy once shared with me his insights on human behavior. He explained that when people come to you and they want to learn how to lose weight they really don’t want to know how to eat healthy or what exercises to try. That’s what they NEED.
What they WANT is to know what do they eat when they are at McDonalds that will help them lose weight.
By now you’re probably wondering what the heck this has to do with options trading.
Well as an options trader you may need a simple step-by-step proven trading system that works, but what you may want is to trade based on news events and emotions and still make money.
Some traders never make this distinction in their personality. They may have a trading system that works sitting right in front their face and they never realize it because they are constantly being distracted by the news commentators on CNBC.
So the key is to find a trading system that works for your particular trading personality, just like one would need to find a diet that works with their particular eating habits and lifestyle.
Options trading is NOT a one size fits all skill.
Creating your own trading system and template takes time, but it is well worth the effort. The first thing one needs to do is to understand options trading and all of its complexities.
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