118: Top 5 Options Trading Psychology Lessons I Learned Over The Last 18 Months

The Option Alpha Podcast

Kirk Du Plessis

Education, Options Trading, Trading, Investing, Stock Market, Business, Finance

4.8 • 1.2K Ratings

🗓️ 10 February 2018

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Show notes: http://optionalpha.com/show118 It's always good to look back and analyze what happened in the past. Often times it can help shape the future (good or bad) and how you trade moving forward. In today's show, I want to take some time to share my top five options trading psychology lessons I learned over the last 18 months. Many of these I scripted out well before the recent mini-crash we saw in equities so it's fitting to talk about now because my comments might not have hit home wit...

Transcript

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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 option alpha.com, Kirk depluses.
0:17.0	Hey everyone, this is Kirk here again from option alpha.com working every single week to make this the most popular investing podcast offered online and in iTunes because it's based on one thing and one thing only and that's helping you guys make smarter trades.
0:33.4	So again, thank you so much for tuning in today on today's show.
0:36.4	We're going to get back into things here this week talking about my top five trading psychology lessons I've learned over the last 18 months.
0:45.6	I think I even wrote down this topic before we had the recent drop in the markets.
0:50.5	So I think it's actually kind of coming at the right time because maybe this
0:53.7	list may have been a little bit different after the drop in the markets, but maybe it might not have
0:57.4	been, but I think the topic is still relevant and I wrote down these things beforehand.
1:01.3	They're all still things I still believe and I
1:03.3	wanted to kind of cover these today on the show with you guys. Before I do that though I
1:07.4	wanted to start to give you guys a little bit of a sneak peak for those of
1:12.1	you who are not pro and elite members
1:14.0	because you've probably heard some talk before and I've kind of alluded to this a
1:18.0	little bit but I wanted to give everyone else now a little bit of a sneak
1:20.9	peek into what's coming very, very soon to
1:23.4	option alpha. So I've literally spent in the last like two and a half to three weeks
1:28.1	really digging in and actually flying kind of all over the country and finalizing what will be a merger with another company.
1:36.8	Now I'll have more details to come as we kind of roll things out, but the idea behind bringing
1:42.2	on this other company into option, and they're going to be kind of coming into the
1:46.3	option Alpha platform and framework is so that we can now offer, what we will be able to offer very, very soon is completely, fully automated trading,
	...

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