Go to http://ExpertOptionTrading.com/videos for more free option greeks videos. The only way that you can make this kind of money in the market is by learning how to structure your positions, how to manage them on a portfolio basis, and how to adjust them when necessary. You never have to get hurt. You never have to watch the market every single day, if you don't want to. I say you should check maybe once a day, just to see how your position is going, when you go into adjustments and the big picture, in that video. The important thing to remember is that we are trading with confidence, because it doesn't matter what the market does. We're going to be ready for it. That's the thing that I want to convey to you, at this time. Manage your portfolio. That is the entire key to success in the markets. I've told you my story. 20 years ago, I started trading stocks and options. I had some early success. I was putting on bull call spreads, but the market was in a tremendous bull market, at the time. I was making money, week after week. $1600, $2000, every single week. At one point, I had some put positions. I was up $32,000 on my account. My broker, at the time, was Kitter Peabody. This was back in 1987, maybe. My broker called me to say, "Hey, you might want to get out of these positions, because the market is turning." I said, "No, I'm going to hang in there for a little while." Within 2 minutes, the market started rallying up on my position, and I lost another $12,000. I did close them out, but I lost $12,000 on profits, because I waited 2 minutes. My broker called me and said, "You better get out." I would have had $32,000 at that point. I waited 2 minutes and lost $12,000. After that, I thought I could do no wrong. I had been in a bull market, I had bought puts at the right time. I made money on the way up, and made money on the way down. I thought I could do no wrong. I bought $16,000 worth of puts, because I thought the market was going to continue lower. That just about wiped me out. In fact, Baron's, the newspaper, came out over the weekend. It said, "This must be the market bottom." It was an actual article about my purchase of $16,000 worth of puts. Baron's came out and said, "This must be the market bottom, because a retail customer just came out and bought $16,000 worth of puts." That was me. That was back in July of 1986 or 1987. I lost my shirt. I lost every penny that I had. It took me a long time to figure out how to really make money in the markets. I will tell you, with confidence, how to trade with confidence. Once you lose your money, you lose your confidence. The only way to get it back is to learn everything you possibly can about the markets. That's what I did. I learned every possible thing I could learn about the markets and about options. For more option greeks videos be sure to check out our channel: http://www.youtube.com/user/howtotradeoptions To learn more about the Expert Option Trading course go to: http://ExpertOptionTrading.com Additional Tags ================ vertical spreads, options greeks, what is options trading, option volatility, option spreads, options volatility, how to trade in options, option strategies, index options, equity options, virtual trading, options spreads, virtual options trading, options trading tutorial, option trading strategy, options trading course, how to trade stock options, options trading systems, options training, learning options, learn to trade options, option trading tutorial, options trading strategy, option trading course, option trading systems, options trading basics, option trading basics, option trading system, options trading courses, options trading training, trade options, what is a stock option, options strategies
Visibility: 779
Duration: 7m 32s
Rating: 0