This ‘n That

Here’s some solid advice (with a link to a tale of trading horror) by Bob Lang.

I’ll conclude on this note: be in control of your account, know your risk tolerance and don’t believe you are in a casino. Options trading is not easy but can be done successfully with the right tools, mentality and outlook. Nothing I could do in trading could have made this client happy other than getting back to even, which was so far away it was nearly impossible to get there without wild bets.

You can stay in the game long enough by being respectful of your account and using your knowledge as a tool to grow it over time.

Tools: options provide the best hedging ability on the planet
Mentality: develop a winning Mindset
Outlook: it must be realistic

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