Expert Options Trader
Posted by Mark on February 24, 2012 at 10:55 | Last modified: February 28, 2012 10:46If an expert options trader is one who makes money consistently over time without large drawdowns then let me tell you right now: I am no expert! I have endured the slow, painful learning curve over the last 4+ years. I have made money consistently most of the time but when I have fallen, I have fallen hard. I hope these have been lessons learned that will never happen again. I will not know, however, until the market gets wild and tests me once more.
One thing I have accomplished in my full-time trading career to date is survival. An oft-quoted statistic is that 80% to 95% of traders end up failing. What kind of traders these are and what time frame they’re trading varies from one citation to another. Nevertheless, I hang my hat on the fact that I’m far away from going bust and being forced to exit the game.
I have studied hard and learned a great deal about the theoretical workings of options. I have traded extensively for years, now, and have learned firsthand about the nature of risk through the school of hard knocks. For my personal trading, I feel this puts me in a solid position to consistently grow my account going forward.
I will reserve the use of “expert” until I can show a track record of consistent growth and short flat times. In the meantime, I invite you to actively read what I have to say in this blog. Correct my mistakes. Challenge debatable points. Introduce new perspectives. I have room to grow and with that, I hope we can all grow together.
Tags: option trading | Categories: About Me | Comments (0) | Permalink