Issue 115: A Simple Template for Profitable Options Trades - Masters in Trading Digest

A Simple Template for Profitable Options Trades

At Masters in Trading, our focus is to empower traders to find high-probability trades through a repeatable process, with a FOCUS on mitigating risks to optimize returns.

The release of our new REDLINE trades embodies this mission. Loyal subscribers of MIT Digest have seen the early results of our newest options scan. 

This is something that you certainly do not want to miss!

For a limited time, you can watch our presentation: How to Find Profitable Options Trades – FOREVER – Without Taking Unnecessary Risks.

How to Trade Options

When I started trading Options on the floor of the Chicago Board Options Exchange, it was frustrating because it seemed that everyone around me was smart and making so much money; not me.  

I was struggling every single day to find a consistent approach to trading. I didn’t have a template to follow, nor did I have a trading plan. Knowing what I know now, looking back on those early days, I have regrets.

Regrets because I was literally gambling with my net worth. I felt like a fish out of water and found myself crossing my fingers once trades went against me. Over time, I was able to develop a consistent plan, but I now realize that trading too early was a breakdown in my discipline.

The time to learn is not when your hard-earned capital is on the line. Trading can be emotional. When you’re too close to the risk, discipline may be hard to come by.

Here’s what I would have done differently.

Today’s trading simulators allow us to learn while NOT risking capital. If I was starting today, I would spend as much time building my “memory bank” and playing around with different strategies in a simulated trading environment. A lot of trading is experiencing different market conditions – this is what we mean by building your memory bank.

This is important.

Traders should take this opportunity to learn about themselves.  

Will you gravitate to shorter-term trades or longer-term trades?  

Are you a patient person, or do you prefer to be in trades that move?

Are you willing to do the work to find trades, or are you just looking for the best trade source?

Masters in Trading Digest - Issue 115

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Interested in learning a repeatable process to find great trades?

Every Sunday, we share 3 fresh trade ideas with all Wall Street Wiretapper Options members. Join today and get Friday’s REDLINE Trade.

Futures Membership includes a Live Class every Wednesday with Jonathan Rose along with community access to get your questions answered.

Grab a one-month options trial and don’t miss the next redline trade.

FINAL THOUGHTS

WHAT TO EXPECT IN THE NEXT MIT DIGEST

The next issue will be released on Monday.

Until then, trade smart and always manage your tail risk.

Thanks for reading,
Jonathan Rose

P.S. If you've skipped to the bottom, you missed a lot of important options trading education. Do yourself a favor and spend an hour out of your weekend and watch this

Get Masters in Trading Digest FREE!

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