The Dreaded FOMO (Fear of Missing Out)
Welcome to Issue 018 of Masters in Trading Digest.
In today’s FREE MIT Digest, we share an insightful read from Stacy Brovitz about the power of emotions in your trading.
How do emotional biases impact your trading?
How do you react to losers?
Do you get overconfident when a trade works in your favor?
This is a must-read as emotional biases play a bigger part in our risk management than most realize.
Good investing,
Jonathan
HAVE YOU EXPERIENCED ANY OF THESE SITUATIONS?
Longtime client, Stacy Brovitz wrote a post on the Masters in Trading Insights that I wanted to make sure that you read: Do Emotions Drive Your Trading This is a really important topic and well-thought-out post so I encourage you to take a look now.
OPTIONS QUIZ RESULTS
Overall, not a bad score from the community in our first quiz. The total community score was 4.4 out of 5. Sadly, less than 1% of respondents took the opportunity to complete the quiz 🙁 .
One question that tripped folks up the most was about volatility.
Memorize This!
- When you BUY options you are LONG VOLATILITY
- When you SELL options you are SHORT VOLATILITY
When you BUY options you want the market to go crazy.
When you SELL options you want the market to calm down.
Good job overall!
What Else You Need to Know
Have you seen our new blog?
My first post was Self Reflection – My Journey with NFTs ad Ethereum.
Pablo Lucena wrote a phenomenal piece on Position Management: Demystifying Synthetics
Long-term Masters in Trading client Stacy Brovitz shares an important take on the benefits of paper-trading in Why an Advanced Trader Paper Trades.
Check these out, and many others at Masters in Trading Insights
FINAL THOUGHTS
WHAT TO EXPECT IN THE NEXT MIT DIGEST
The next issue of the MIT Digest will be released Friday, January 28th, 2022.
In our Options Discord room clients noticed HUGE Unusual Options Activity in $CCJ.
The trades were executed between 10:05 AM CST – 10:15 AM CST, and after the trades were filled the stock immediately traded higher.
This Friday we will review the trade, but also review the behavior of $CCJ for the rest of the week after those peculiar trades.
Keep your feedback coming into support@mastersintrading.com. We’re excited to share your feedback along with fantastic suggestions for upcoming issues.
Until then, trade smart and always manage your tail-risk.
Thanks for reading,
Jonathan Rose
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Masters in Trading Digest - Issue 18
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