29: Top 3 Excuses That Cripple The Average Investor Returns When Trading Options

The Option Alpha Podcast

Kirk Du Plessis

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

4.8 • 1.2K Ratings

🗓️ 26 May 2015

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

It's no secret that the long-term average investor returns are pretty low. In most cases, the little guy rarely beats the market and for good reason. Frankly we are horrible stock pickers though we consistently try to find hidden value in playing directionally. Long-term this always underperforms an efficient market and the market standard portfolio (i.e. the S&P 500 Index). So what do we do about this? How do we change our mindset given the glaring stats that the media pushes in our face...

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 option alpha.com, Kirk depluses.
0:17.0	Hey everyone, this is Kirk here again from option alpha.com working every single week to make this the most
0:23.7	popular investing podcast offered in iTunes and online because it's based on one
0:28.7	thing and one thing only and that's helping you make smarter trades.
0:32.8	So thanks for tuning in today.
0:34.0	We got a really cool episode talking about the top three excuses that investors make when trading
0:38.9	options.
0:39.9	And really these excuses can kind of run the gauntlet as far as they are applied really pretty much
0:45.5	to any business concept or investing concept or venture that you want to get into.
0:49.6	I know that personally for myself, I mean I've run into these all the time not only in my own
0:54.0	trading but also you know as we start to build our real estate portfolio and also
0:58.2	building a business online you can run into these same kind of general type of excuses as you're trying to build out anything.
1:04.6	But today we'll focus mostly on how it relates to options trading obviously and how it can make
1:09.3	you a smarter, more successful trader because I think that these excuses are not things that we necessarily talk about or are outspoken.
1:18.5	Like we don't tell ourselves, hey, you're making up this excuse.
1:21.0	A lot of these things are subconscious. They dwell in the
1:24.4	subconscious part of our mind where they basically kind of decay and rot away
1:29.2	our confidence in being able to do this successfully long term.
1:33.4	So my goal in this podcast is to hopefully bring out these excuses, shine some light on them,
1:39.6	and help you move past them so you can be more successful as an options trader.
	...

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