165: Trading Options? Here Are The 11 "Golden Rules" To Follow

The Option Alpha Podcast

Kirk Du Plessis

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

4.8 • 1.2K Ratings

🗓️ 7 October 2019

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Show notes: https://optionalpha.com/show165

Personally, I don't like rules. Mostly because I value freedom and flexibility so when someone says that I have to follow the rules I naturally push back. Things that confine me or tell me what to do don't fly well with me. But that only applies to things outside of trading and investing. In the world of investing, and specifically trading options, you need to live by certain rules. Rules that keep you safe and protected from the unknown of the market.

I imagine that the 11 "Golden Rules" I'm going to present in this podcast will cause many of you to push back and challenge their usefulness. Mostly because they'll cause you to trade different than you have in the past, and being different means being uncomfortable. I'm okay with that and I welcome the discussion around them. But don't misinterpret this level of understanding in adoption to also represent flexibility when it comes to these rules. These are "unbreakable" rules for me and should be for you as well.

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 Kirkier again from option offer
0:23.0	every single week to make this the most popular investing
0:25.7	podcast offered online because it's based on one thing and one thing only and
0:30.0	that's helping you guys make smarter trades. So thank you so much for tuning into
0:33.7	today's show. On today's show number 165 we are going to go through the
0:39.2	11 golden rules to follow if you're trading options. So if you're brand new to trading or if you've even
0:44.7	been trading for a while you might want to revisit these rules because to me I think these are the things that you absolutely
0:50.9	have to do. They are golden rules for a reason. You have to do all of these
0:56.2	if you want to be successful trading. And in fact, they're so important that I think that if you
1:01.2	miss one of these, the whole house of cards
1:04.0	basically falls in on itself. So I encourage you to go through and listen to this
1:08.2	podcast. We actually did a version of this on the daily call where we did each of
1:12.1	these golden rules for a day.
1:13.6	It was very well received.
1:14.8	Everyone liked it.
1:16.2	So we decided to wrap this up and kind of talk a little bit more about them
1:18.8	in a full out weekly podcast here.
1:21.6	So again, you can see all these and get some more links
1:24.4	and any of the references that I mentioned in this podcast by heading over to the
	...

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