6: If Every New Trader Did This 1 Thing They'd Make More Money

The Option Alpha Podcast

Kirk Du Plessis

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

4.8 • 1.2K Ratings

🗓️ 7 November 2014

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this session of The Option Alpha Podcast I'll show you with real data why if every new trader was doing this 1 thing different they'd make more money. Plus I'll relate this to how why casinos have table limits because they know that limiting how much people gamble is actually more profitable for them long term. And finally we'll tell you why you should never be afraid of trading options once you hear this bankruptcy stat.

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.
0:19.0	Hey everyone this is Kirk here again from the
0:21.4	option alpha.com podcast working every single week to make this
0:25.3	the most popular podcast offered online because it's based on one thing and one thing only and
0:30.6	that's helping you guys make smarter trades.
0:33.4	So thanks so much for tuning in and today we've got an awesome show for you guys.
0:38.0	We're going to be talking about the one thing that every trader needs to do to be more successful and more profitable in their
0:45.1	trading. I think it's going to be really cool because we're going to use some good
0:48.2	analogies and then also a really, really interesting case study that hopefully
0:52.2	should blow your socks off.
0:54.2	So today's agenda, we're first going to talk about why casinos have table limits and how that
1:00.2	relates to options trading, which is something that maybe you haven't even
1:03.8	thought of before but we're going to go through it here today and then the second
1:07.6	thing we're going to do is talk about that one thing that traders need to do and
1:11.6	why it's so important that you change the way
1:15.0	you're thinking about position size after today's podcast. And then
1:20.3	finally we're going to kind of wrap things up with the one bankruptcy figure
1:24.3	that I think you'll never forget and hopefully should clear a lot of emotional struggles and hurdles that you have
1:31.2	when it comes to trading either a small account or a big account.
	...

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