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After graduating college with a Finance degree, I began trading options as a main source of income. Since then, I have incurred many losses and have learned some very important lessons the hard way. I am a firm believer that while you are young, you should risk it all while you still can! That being said, I now manage business for life and annuity financial products which focus’s on conservative investment products, and tax-free retirement. While I love trading, I have now implemented some “safer” investments into my portfolio and aim to teach a balance of both though this website!
I get many questions asking why I choose to trade options over stocks. While the answer is not so simple, I felt that comparing buying stocks to selling puts would best illustrate the benefits that come along with selling options.
Developing a trading plan is essential if you want to avoid making costly mistakes. In this article I not only give you a step by step guide to creating this plan, but I include my personal criteria.
In this article, I go over some of my biggest losses and explain how they could have been avoided by just following a few simple tips.
