One of the most fatal mistakes in trading options is forcing a trade.  Many traders are so eager to "place their bets" that placing their bets (gamble) is exactly what they do - they force a trade when the prognosis really states "wait, be patient."

When I get the itch...

I try my best to pass the foundations of my trading habit to my boys.  This is sometimes done by asking their help in developing teaching material.  My next class with OptionsPlayers.com will be a four session course on money management in options trading.

To...

In my capacity as a trainer and coach for OptionsPlayers, I am often asked for book recommendations.  While I always respond by telling students that the best resources are the experienced "starred" traders on the OptionsPlayers chat and forums, there are some great re...

We have all heard the axiom "90% of all traders fail."

Failure means many things.  For me, it means that one has had unrealistic expectations and as a result lost everything they put into the markets.  Then they gave up.

When I first started trading more than ten ye...