Started trading in 2012 as a young mom in college. I was hungry to learn the markets while balancing school and motherhood. 📈
Over a decade later, with a Finance degree and years of real-world trading experience, I’ve learned the hard truths about options trading.
Here are some key lessons I’ve picked up along the way…
Weekly Options Risk: Weekly options can go to 0 fast if the trade doesn’t go your way. Only risk what you’re willing to lose with these, as they’re extremely volatile and short-lived. Trust me, I’ve learned the hard way!
Risk Management: It’s not about how much you make, but how much you protect. Sometimes it helps to withdraw profits and reset your mindset, especially after a winning streak. You don’t want to get overconfident and risk too much.
Experience Matters: Anyone can trade, but true success comes from years of studying the market and learning from mistakes. I’ve got a finance degree, but trial and error (emphasis on error) is what really made me improve.
Can You Handle It?: Day trading isn’t just technical analysis, it’s a mental game. Stick to your plan, journal your ideas, and write down what went wrong so you can learn from it.
No Easy Money: Some people might hit it big, but sustainable success takes patience and practice. If you have a get rich quick mindset, you will fail.
Master a Few Setups: I stick to simple strategies and use fewer indicators. Simplicity is often more effective.
Don’t Blindly Follow: Do your own research! Don’t let FOMO or social media hype push you into trades. There’s always the next opportunity, the market isn’t going anywhere.
#TradingLessons #OptionsTrading #tradingjourney #Write2Earn!
