Option Trading Tips

Confidence is not “I will profit on this trade.” Confidence is “I will be fine if I don’t profit from this trade.

The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.

Money is made by sitting, not trading.

You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.