Leaderboard

I love reading the posts here from veteran option traders. I have far less experience than most folks here, but I do agree with Kim. Options trading is not a place to generate income. When I joined this service I did it for the long haul to learn and grow with this trading community. The post-mortem commentary of a trade can be useful, but the tendency of traders to focus too much on losses is what leads to mistakes and miscues. I have made plenty over the years blowing up more than one account. If you have an edge, as we do here. I believe you move onto the next trade. I was a member of an option service that had only two losses last year thinking that was great, until I read a review from one of Kim's members (I assume) who talked about what could go wrong with these weekly far OTM credit spreads and how adjustments might magnify losses. Even though this service had not had this happen, another service with the same type of trades did blow up people's accounts. It went under as a result. So I did my research on SO and liked what I read. I appreciate the measured approach here and the intelligence of the community and know I will grow an account in the long run even if there are drawdowns over time. Thanks to all of the veterans who have the patience to answer questions from folks like me. Incidentally, I got out of the trades yesterday morning, not from some calculated move, but because I am on vacation and did not want to sit next to my computer all day. Sometimes there is luck involved in trading. I certainly have had it go the other way too many times.