As options traders we need to focus on the levers that really move the needle in terms of generating income and cash flow for our portfolio. There's no point in doing something if it doesn't contribute to the overall profitability of the portfolio right?
It'd be like shoveling your driveway before a huge snow storm. Or washing your car before it rains. The wrong activity for the sake of being active serves no purpose.
Today's show resets the foundation for options traders by ...focusing on the "big rocks" that should take priority. Get this right and you'll set yourself up for success.
Click here to listen to the full episode: http://bit.ly/2DMZ6i6
Member question of the day: "Before making an option trade in a particular stock, what investment research criteria do you perform? Do you look at the balance sheet, last earnings announcement, analyst research?"
Want to get your question answered? Leave me a voicemail here: https://optionalpha.com/ask
Earlier this morning we crossed over 90,000+ members at Option Alpha - insane! THANK YOU! #nextstop100kmembers
If you like what we are doing please continue to help spread the word by "liking" this post or sharing it with your friends. Organic, word of mouth growth is the biggest reason why we've got 90k traders now. And I can't wait for you all to see what we've been working on - we're just getting started #autotradingbots
Oh yes! The bots are on their way and you'll be meeting them soon. As we get closer we'll continue to post updates and screenshots of the new auto trading platform we've been working on.
Once live it'll be the only place to build and run fully automated options trading strategies. Entries, Management, Exit, Adjusting, Position Sizing, etc. Our plan? Simple, continue to help you all make smarter, more profitable trades!
Excited? Let us know by adding a comment below! #unleashthebots
Early mornings are the best times for me. Kids are sleeping and I can get a lot of creative work done (with the help of coffee ☕️ of course). Now time to record the next Daily Call podcast...
Want to get your question answered on an upcoming episode? Leave me a voicemail here: https://optionalpha.com/ask
Up early this morning working on the design for the new auto-trading platform coming out soon. Here's a screenshot of work in progress on a simple covered call bot that automatically sells a 30 delta call and rolls the contracts whenever you want.
I can't wait to get this live to everyone soon. It's revolutionary software
Use iHeart Radio? Now you can get our "Daily Call" podcast online or through your existing iHeart Radio app.
Just got my order of Girl Scout cookies from my niece. Made me wonder, if options traders made cookies 🍪 what would they be called?
Best answer in the comments section wins a box from my personal stash!
The concept of "false positives" and "false negatives" is one of the most critical aspects of options trading...
FYI: This episode was pulled from our new Daily Call podcast (link in the comments below). I'm always looking for more questions, topics, and content for the each day's show - so please post or add a comment here and let me know what we can cover next? Thanks!
Here’s the only reason why Sean White won another gold medal 🥇 and Lindsay Vaughn did not 😢. And it has NOTHING to do will skill, talent, preparation, snow conditions, moon phases...
And it’s the same reason why options traders have a huge advantage in the market.