115: How To Avoid The Big Mistakes Executing An Options Order
The Option Alpha Podcast
Kirk Du Plessis
4.8 • 1.2K Ratings
🗓️ 8 January 2018
⏱️ 24 minutes
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| 0:00.0 | You're listening to the Option Alpha Podcast from Option Alpha.com where we show you how to make |
| 0:06.3 | smarter trades learn how the stock market really works and generate consistent monthly |
| 0:11.2 | income. Now your host and head trader at |
| 0:15.0 | option alpha.com Kirk depluses. |
| 0:20.0 | Everyone this is Kirkier again from option alpha.com |
| 0:22.0 | working every single week to make this the most popular |
| 0:25.0 | investing podcast offered online because it's based on one thing |
| 0:28.7 | and one thing only and that's helping you guys make smarter trades. |
| 0:31.5 | So again, thank you so much for tuning into today's show. On today's |
| 0:34.9 | show we are going to be talking about how you can avoid some of the biggest mistakes executing |
| 0:40.0 | an options order and in particular we're going to go through maybe five things |
| 0:44.9 | that I've kind of like sketched out here that I really want to talk about because |
| 0:48.0 | order entry is such a huge part of what we do as options traders and we've often talked about this 80-20 |
| 0:55.0 | principle before in how you should think about your options trading system. |
| 1:00.1 | 80% of your focus really should be on executing the best possible order because that's going to lead to all of the potential profits, you know, really good order execution saves you from having to be good at everything else like adjusting |
| 1:14.3 | and and management stop losses rolling all of that stuff if you just take care of |
| 1:19.5 | order entry and get into the right positions, everything else will generally fall into place. |
| 1:25.6 | Not to say it's all going to happen perfectly, but that is the principle that most of the execution |
| 1:31.1 | and emphasis should be on order entry. |
| 1:33.3 | So today I want to go through, like I said, five different things |
| 1:37.0 | that I think might help you. |
| 1:38.3 | And just as maybe stop gaps on making sure |
... |
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