You're listening to the Option Alpha Podcast from Option Alpha.com where we show you how to make

smarter trades learn how the stock market really works and generate consistent monthly

income. Now your host and head trader at option alpha.com, Kirk depluses.

Hey everyone, this Kirk here again from option alpha.com, working every single week to make this the most popular investing

podcast offered online because it's based on one thing and one thing only and

that's helping you guys make smarter trades so, thanks so much for tuning in today on

today's episode we are going to be talking about why you shouldn't practice

trading with a $6,000 trade and it's really not in that it's necessarily the $6,000 trade that we're focusing on.

It's just again getting back to some of these basics which I think are so so important and

using in this case someone else's trade that they did and just be or anybody else's trade that they did and just be or anybody else is not like I'm using someone in particular trade but a lot of people's trades that end up kind of blowing up in their face when we went through the recent kind of down move in the market.

So I think it's another good time just to take a step back, reflect on obviously what

happened, see where we're going from here, and then how we can start to use this to our

advantage to make better decisions, make better

trades and hopefully make more money.

So getting right into it here, I think there's a couple things I'm going to go over in today's

podcast and really there's like four main

things I want to offer here is like the framework for how I think about

trading and and particularly why I say don't use the $6,000 trade to practice

trading options because I think a lot of people got caught in this.

So last week or let's say two and a half weeks ago now the time that we're recording this, the market

had a huge drop, right?

We saw the S&P basically go from its highs all the way around almost

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