Started trading in 2012 as a young mom in college. I was hungry to learn the markets while balancing school and motherhood. đ
Over a decade later, with a Finance degree and years of real-world trading experience, Iâve learned the hard truths about options trading.
Here are some key lessons Iâve picked up along the wayâŠ
Weekly Options Risk: Weekly options can go to 0 fast if the trade doesnât go your way. Only risk what youâre willing to lose with these, as theyâre extremely volatile and short-lived. Trust me, Iâve learned the hard way!
Risk Management: Itâs 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 donât 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. Iâve got a finance degree, but trial and error (emphasis on error) is what really made me improve.
Can You Handle It?: Day trading isnât just technical analysis, itâs 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.
Donât Blindly Follow: Do your own research! Donât let FOMO or social media hype push you into trades. Thereâs always the next opportunity, the market isnât going anywhere.
#TradingLessons #OptionsTrading #tradingjourney #Write2Earn!