I have started this website as a personal interest in learning the skill of options trading. Options trading has always been a bit of a mystery to me and I want to demystify the art of trading options by learning the trade without a formal education program. I am of the opinion that being resourceful and constantly curious is important to success for anything we try to accomplish in our society today. I believe that we can find financial success by using the resources that are available to us as non-industry professionals. We live in an information-based age and have the ability to tap into the great minds of our time through a few simple clicks online.
Through this page, I provide you a view into my learning process. I will show you the trades I am making and the techniques I am using. There will be wins and losses, but the failures that we face in life are there to help us learn lessons about what not to do to succeed. Feel free to learn as I learn and comment on my posts because that is what this process is all about. I look forward to collaborating with you to learn a new skill, and hopefully, bring us all closer to financial success.
Full disclosure, I do not know the first thing about trading options. Seriously, not a single thing. I have never attempted to trade an option because I have only heard the horror stories about how risky options trading is for someone that does not know what they are doing. With that said, I am a skeptical and conservative consumer and investor. I take the time to learn something before I take risks because our hard-earned money does not grow on trees. This process will be no different, I plan on learning from the authority figures in the industry before I begin actually making trades. This blog will not be one where I promise to make you rich quick. I will, however, show you what it really takes to learn something that sounds so scary. I hope to show you that any skill is obtainable with time and effort. If you are not willing to put in the work for something, you likely will not succeed in that endeavor.
I expect to follow a general plan throughout our journey to options success, but as with any plan, you have to be ready to adapt and change. This process will be no different, as we proceed through the vast world of options trading, expect there to be hiccups along the way. We will need to veer off course and make adjustments to find the correct path. Hopefully, showing you all of the wrong things to do will be just as helpful as the correct moves. The plan that I expect to follow is as follows: (1) Do the initial research by finding the best resources available (as of right now I have decided that Option As A Strategic Investment by Lawrence McMillan is the best starting place to learn because it seems to be the best book as a consensus in the options trading industry. More to come on my choice and how I got there in my next post.); (2) Practice and simulate trades using the options trading techniques I learn from industry authorities (I will post as I simulate the trades so you can see that I am actually doing them in real time. This way you can see my wins as well as my failures. I am human and expect to make mistakes along the way.); (3) begin trading my real hard-earned cash (when I feel ready to begin risking the money I have earned I will begin real trades). Obviously, the process will not be as simple as 1. 2. 3. but this is the general framework I plan to follow along with our options trading journey.
Enough talking your ear off about what we will learn, let’s get to the action! If you want to learn as I learn, feel free to sign up for my e-mail newsletter, follow me on social media, or bookmark this page. I am excited to share this options trading educational journey with you and cannot wait to see what we can accomplish together.