How to avoid the trap that stops most stock traders from being profitable options trading
Many successful stock traders have tried to make the switch to be profitable options trading “superstars”, but things just didn’t work out. The reason being, they typically brought the wrong game plan and process to the table. Profitable Options Trading requires the ability to analyse stocks reasonably well, so you would think making the transition should be both straightforward and profitable, if you have had good success picking stocks! However, this is not always the case, and so beyond being able to analyse stocks, what else is needed? Compare playing Checkers and Chess Checkers or Draughts, enables the player to move in one direction, and is a little like trading shares in the traditional fashion. That is, you can only profit from a move up in the share prices (let’s put shorting stocks to one side for the moment). However, by learning how to embrace options, you are effectively playing Chess instead, with strategies that can allow you to profit from a just ab...