2 Simple Things That Will Improve Option Trading Profits
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It is vital when trading any instrument that you maximize the profit potential when you take your trade. You can increase your profits when trading Options if you consider the 2 simple steps I am going to outline below.
I want to ask you a question first:
“Have you ever been stuck in front of the computer screen all weekend scanning through thousands of stocks looking for the best candidates to trade the following week?”
If you answer “Yes”, has your mind started to wonder off to other things you would like to be doing with your time?
If so then join the club!
You and I are no different as I was in this very situation a number of years ago when first getting started in the markets.
It can be easy to get sucked into this scenario as there are many programs out there teaching the following approach:
Grab a cup of coffee and fire up your trading charts
Scan through the full universe of stocks looking for a certain price pattern
Make a note of the stock you are going to follow for the next week
In my experience, this can lead to a number of problems that you really want to avoid.
Not only does scanning thousands of stocks on a regular basis take a lot of time, it can also lead to some common mistakes especially when trading options.
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