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) | PermalinkTrue Option Fanatic
Posted by Mark on February 23, 2012 at 14:35 | Last modified: March 15, 2012 11:46Yes it’s true… for the better part of 50-60+ hours most weeks out of the past 4+ years, I pretty much eat, drink, and dream options. I think this is pretty much what one needs to do in order to last as a professional options trader. And “last” does not mean “have success.”
This blog will serve multiple functions, not the least of which is to hold myself accountable. This will become more clear as the content here builds.
In the meantime, let me welcome those of you who have followed me here from previous blogs. I also wish to extend a hearty welcome to any new readers. I hope you take interest in what you read and as always, all comments are both encouraged and desired.
Tags: option trading | Categories: About Me, Accountability | Comments (0) | Permalink