How profitable is options trading? How much of a hassle is it? Can one make good profits with just 1 hour of trading per day?
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Think, if you were to take that A+ trade throughout 100 trades, what would the results be?
You cannot make good profits in any segment if you only devote 1 hour. Trading is a full-time business. If you don’t have time to trade manually, you can simply opt for algo trading.
Hassle in trading options.
When trading options, sometimes you are just wrong.
Can do everything right, follow the plan, and still be wrong.
You must accept this.
It’s normal and it’s human nature to want to dig into the mistake and correct it so it doesn’t happen again.
But the truth is sometimes you just lose and that is a tough pill for many.
You see an A+ trading setup. Has everything you like in a play. Everything checks off the list, you pull the trigger and you lose.
You then go on tilt, you go crazy trying to find something wrong with the play so you can correct it.
Truth is sometimes you are just wrong.
I am not saying don’t review the trades because you should. But I am saying that there are times when you just need to take it on the chin and keep executing.
It comes down to having a long-term perspective. Quit focusing so much on the trade in front of you. Think, if you were to take that A+ trade throughout 100 trades, what would the results be?
That is how you need to think about it.
Keep executing and trust your edge.
Credit: Quora