242: Checklist Before Going "Live" With Real Money
The Option Alpha Podcast
Kirk Du Plessis
4.8 • 1.2K Ratings
🗓️ 5 January 2026
⏱️ 23 minutes
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| 0:00.0 | All right. Hey, everyone. This Kirk here again at Option Alpha. So hopefully you've been |
| 0:13.0 | enjoying the recent shows we have, the interview we have with Kevin, and the last couple |
| 0:17.8 | podcast episodes. Today we're going to be doing one a little bit different kind of going through this again. |
| 0:22.3 | We've talked about this probably all over the place, but I don't know if we've ever done |
| 0:27.8 | a podcast solely dedicated to it. |
| 0:31.1 | So what I wanted to do is I wanted to go through kind of the five things that I think |
| 0:35.7 | you have to know or kind of check or be |
| 0:38.0 | considerations, if you will, for going live. So these are going to be things that, you know, |
| 0:45.7 | I think there's this transition period that people go through where they're backtesting |
| 0:50.6 | or paper trading and then they make the jump, the quantum leap, if you will, |
| 0:57.4 | right, into live trading. And when you start live trading, it is different. I mean, it's a different |
| 1:03.7 | experience, right? Often sometimes will relate live trading to like the idea of having a child |
| 1:10.4 | for the first time when you actually |
| 1:12.2 | become a parent. It's completely different. You can read all about it. You can watch |
| 1:15.9 | videos about it. You can take classes. There's almost nothing that compares to having a child |
| 1:21.6 | in your arms and you being responsible for it. So that similar mentality, just kind of |
| 1:29.8 | metaphorically speaking, is about what happens when you start trading live. And so what I want to do is kind of give you what I think are some of the |
| 1:33.6 | best practices, important considerations, however you want to think about them as you start |
| 1:38.0 | or before you start to transition to live trading. So I hope that these really help out. This is by no |
| 1:43.7 | means going to be everything |
| 1:45.2 | that you could possibly think of. I tried to condense it down into kind of what I think are the five |
| 1:51.1 | critical things, the things you got to really know before you start live trading. So let's go |
... |
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