top of page

New Traders - Consider Slowing Down

Obviously doesn’t apply to all, but I’ve seen three folks this week lose a years plus worth of gains because they thought they figured options out over the course of their 6 month investing career. It’s super unfortunate to see. We can guard against this by slowing down, and thinking through what we’re doing. I was just helping another trader that STO a put vice BTO. They’ll have a losing position on Monday to exit, shouldn’t be too bad but nonetheless a completely preventable mistake.

The markets are quick to take your money, it’s an unforgiving place to learn.

Please remember, it’s truly not a sprint. Not even an annual event. Our performance is built over decades. Take it slow and make time to learn what you’re doing - your future self will thank you.

I made my largest investing mistake less than 2 years into my investing career and it crushed a sizable portion of my account. It happens to many of us but leverage the community so you don’t need to make the mistakes - learn from those who have been around a for a while.

Be an Outlier! Erik

Recent Posts

See All

Don’t Trade

If you don’t have a written plan. The goal of this post is to share personal mistakes in my early trading to hopefully encourage others down a different path. People tend to hate those kind of stateme

Path to Options Proficiency

For the new traders, whatever you do, do NOT allow the disenfranchised internet trolls dissuade you from learning and asking questions. The goal of this post is to encourage new traders to stay the pa

Introduction to Options

Longest video I’ve made with the goal of taking someone who knows nothing about options and getting them familiar with what they are, how they work, and where they may fit into your trading. Options T

Comments


Post: Blog2_Post
bottom of page