When we trade the market there are very few guarantees. However when we trade options time is guaranteed.
In the markets there are many possible amounts you can win or lose with varying probabilities.
My simple plan for option traders is to figure out how many trades you can monitor at one time.
At this juncture it is more important than ever to pay attention to managing your portfolio. Phil McDonnell of Options Profits says the key is to properly manage risk for trading consistency.
Phil McDonnell talks about Managing Your trades for Maximum Profit andlower Risk.
The importance of this difference is reflected in the probability of making money.
Phil McDonnell explains why the butterfly strategy is one of the best ways to trade an expected sideways or neutral market outlook.
Although many traders utilize stop losses, there are many pitfalls to the technique.
Everyone loses sometimes. The key is to not lose too much on any one trade.
Phil McDonnell talks about the importance of having a trading plan and sticking to it.