4.8 • 1.2K Ratings
🗓️ 21 June 2019
⏱️ 44 minutes
🧾️ Download transcript
Show notes: http://optionalpha.com/show158
Somewhere, possibly from another planet, this notion of trading options with a high probability of success transformed into a subconscious greed for 100% probability of success trades. And if you think that this mentality doesn't exist in the modern market we are in, you should see the emails we get at Option Alpha on a weekly basis. The truth is that you are going to have losing trades, a lot of them over the course of your career. Sometimes they'll come in groups and bunches that make you question everything you are doing or the strategy/system you are choosing to use. But, the first step on your road to elevating yourself is to ask yourself, "Can I trust the process?".
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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 Kirk here again from Option Alpha working every single week to make |
0:23.7 | this the most popular investing podcast offered online because it's based on one |
0:27.8 | thing and one thing only and that's helping you guys make smarter trades. So again |
0:32.0 | thank you so much for tuning in today. On today's show, |
0:35.2 | we are going to be talking about what you should do about a losing trade. And the answer to this question is first, |
0:41.7 | you have to trust the process. so we're going to be going |
0:43.5 | through this a lot in depth but first I just want to say we've been on a little bit of a hiatus and I realize that and I know that a lot of people actually were |
0:49.5 | scared that we were going to stop the weekly podcast. But we're not stopping the weekly podcast. |
0:53.5 | We took a little bit of a break to kind of regroup and kind of outline what we want to do |
0:57.3 | here in the future. |
0:58.1 | My goal with this podcast has always been never to waste your time and waste airspace just for the sake of getting it out. |
1:05.0 | So although we took a little bit of a break, I wanted to make sure that we didn't just throw |
1:08.4 | things together. |
1:09.4 | And honestly, we've been working a lot with the team. |
1:11.6 | We've had some new people join on board, new developers, new writers, new people to help out with kind of prepping ourselves for the launch in the next quarter or so with the new platform and so a lot of our focus has been on that. And so like I said, I don't want to just, you know, jump on a podcast for the sake of jumping on a podcast unless I had something that I thought could add a lot of value. |
1:30.0 | Now, today's podcast is really important and if you're getting this podcast from me it's probably because I truly want you to listen to this podcast all the way through and maybe we've gone back and forth on email a couple times and it really hasn't quite sunken in or maybe some of these concepts, maybe it might be new to you. |
1:47.0 | But if you are getting this podcast from me because I envisioned in the future, I'm going to be sending this out to people a lot and I'm going to use this as a resource for a lot of communication through email and chat and support on the forums. |
1:57.0 | Then please take your time and go through this. Now originally this podcast episode truth to be told title was going to be what should we do about a |
2:04.2 | losing trade first act like an adult but I thought that was a little bit too brash |
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