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 Kirkier again from option alpha working every single week to make this the most popular

investing podcast offered online online and in iTunes 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 show,

we are going to be talking about how you shouldn't focus on ROI until you cross this one

trading bridge first. And it's actually an issue that I see a lot of people having where they focus all on ROI, they focus on returns, how much can I make, but you have to do one thing first. You have to cross this proverbial bridge first before you can start focusing on that and I like to

often relate this to try to do like backflips snowboarding without first getting

down the mountain a couple times right so like I love to snowboard I like to go out and

ski and snowboard and I would never try to do a back flip my first time

down but that's what some people do in trading.

They go out and they start trading, they're very excited about it, they've got all the gear,

they've got everything set up, and they try to do backflips, but you just got to get down the mountain a couple times and have a little bit of mental toughness or have some of that mindset that you need before you can start trying to, you know, reach for some harder tricks or doing some you know harder trades and getting some higher

R. So I really want to kind of talk through this. I'm going to use a case study today from one of our back tests that we just ran this morning on IWM.

I think it's going to be a really good interesting case study and kind of walk

through the returns that this particular strangle had in IWM and how we can kind of

use it to learn and hopefully make you a better trader.

So like I said, this proverbial bridge you have to cross is you have to have some mental toughness

and the right mindset.

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