In this video, we will discuss in detail some of “Do’s and Don’ts” of trading like a professional.
Don’t:
  • Try to guess market direction
  • Trade too big relative to your account size
  • Buy Out of the Money (OTM) options
  • Let trades go all the way to expiration
Do:
  • Close winning trades at a % of max profit
  • Sell options when Implied Volatility (IV) is HIGH
  • Beta weight your positions to SPY (manage as a portfolio, not individual positions)
  • Always keep “Short Delta” in your portfolio
Watch the video below to learn more!