How to Gain an Edge When Trading Options

    Full show notes: – – In today’s episode of Chat With Traders, I interview options authority – Kirk Du Plesiss from OptionAlpha.

    Kirk takes us through his far-from-profitable first week as a retail trader, which he describes as something like a ‘wild cowboy’. But needless to say, he is now at the other end of the spectrum and having huge success as an options trader.

    Throughout the interview we discuss this journey in great detail, plus much more. But not to give to much away… Just know this is a jam packed episode with Kirk sharing plenty of great insights on how you can gain an edge with your trading. This is certainly an interview you should not skip past.

    Lessons Learnt in this Interview:

    – Making a lot of smaller trades can often be a strategy more effective than being aggressive in one trade. As Kirk says ‘trade like a casino, and understand your probabilities’.

    – Kirk discusses the results of a Tasty Trades case study about two traders with equal accounts, but different rules for position sizing.

    – The benefits of trading options and using leverage, over other types of products.

    – How to avoid getting overwhelmed when learning options. There is a lot to learn, but Kirk breaks down a simple method for building up your knowledge.

    – Why you have to be ‘persistent & consistent’ to succeed.

    – And much, much more…

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