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The Option Alpha Podcast

2: The Hard Truth About Your "Small" Account Size

The Option Alpha Podcast

Kirk Du Plessis

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

4.81.2K Ratings

🗓️ 23 October 2014

⏱️ 18 minutes

🧾️ Download transcript

Summary

In this session of The Option Alpha Podcast I'll cover one of the biggest misconceptions around trading and investing - account size. I'll explain why having more money actually makes you place worse trades.

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

0:06.2

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

0:10.8

monthly income. Now your host and head trader at

0:15.0

option alpha.com Kirk depluses.

0:20.0

Hey everyone this is Kirkier again from option alpha.com working every single week to

0:24.8

make this the most popular podcast offered online because it's based on one thing

0:29.4

and one thing only and that's helping you make smarter trades.

0:34.2

So again, thanks so much for tuning in today and we've got a jam-packed episode today.

0:38.5

We've got a lot of stuff that we're going to get into and really I kind of use this as are really kicking off episode right I mean

0:44.2

episode one and show one we really talked about who I am and my background and

0:49.8

why we're doing this podcast but in show number today, what we're going to be doing is breaking

0:54.7

down this hard truth about your small account size, right?

0:59.0

So everyone has all these misconceptions about account size, and I was kind of going back and forth

1:03.9

wondering what you know what's the really good topic to kind of start and kick off

1:08.4

this podcast and I figured you know what account size right I mean everybody

1:11.4

wants a bigger account size and they're afraid that they have

1:14.4

too small of an account size. So why not use this as our biggest foundational block to kind of get the

1:20.5

thing rolling here with this option alpha podcast.

1:23.8

So in today's discussion what we're going to talk about are a couple things.

1:27.9

First we're going to go over why more money makes you a worse trader, right?

1:32.3

And so most people think the opposite,

1:33.8

but we're actually gonna talk about why having more money

...

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