51: Single Positions vs. Overall Portfolio Management - Which Is More Important?

The Option Alpha Podcast

Kirk Du Plessis

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

4.8 • 1.2K Ratings

🗓️ 27 June 2016

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Show notes: http://optionalpha.com/show51 You're in a trade that's going bad and are thinking about adjusting your position. But before you do, how would that adjustment impact your overall portfolio management? Would it make your portfolio more bearish, more bullish, or have little effect at all? Asking yourself this question above before adding or adjusting your positions gets to the heart of today's podcast episode. Too often I find that options traders who spend the bulk of their time con...

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
0:15.0	option alpha.com Kirk depluses.
0:20.0	Hey everyone this is Kirkier again from option alpha
0:22.0	com working every single week to make this the most popular investing podcast offered in iTunes online because it's based on one thing and one thing only and that's helping you guys make smarter trades.
0:33.2	So thanks so much again for tuning in on the back half of getting 200 podcast episodes as we talked
0:39.8	about in show number 50.
0:42.1	That's really my goal is to get to a hundred episodes not as quickly
0:45.4	as possible because I don't want to publish crap but I do want to get to a hundred episodes in the next
0:50.3	year or so and I think it's a very doable goal and so we're going to start off here
0:53.8	today by talking about portfolio management a question that we get often which is do I
0:58.6	manage the single position or do I manage to the overall portfolio?
1:03.0	Now it's about 4.15 in the morning here,
1:05.0	so if my voice is a little raspy,
1:07.5	you have to excuse me as a father now with two girls,
1:11.0	my youngest daughter Anna, she's just about two months old right now.
1:15.0	Still gets up a little bit in the middle of the night, so she just got up, fed, that was great,
1:19.1	she's back to sleep now, and so now dad can get up and do a little bit of work and of course who
1:24.2	doesn't want to talk about at 4.15 in the morning portfolio management I
1:27.1	personally do so maybe you do too. Now two things I want to talk about real
1:31.8	quick before we get into today's show first I want to talk about real quick before we get into today's show.
	...

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