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Showing content with the highest reputation on 02/08/2021 in all areas

  1. 1 point
    SteadyOptions has a wealth of information, spread over tens of thousands of posts. Some of the posts can be very useful and inspiring, but they are lost in the big sea. I would like to dedicate a separate topic to the most useful and inspiring quotes from our members. It could be related to overall trading philosophy, a specific strategy, or some "hot topic", like "why you should not fear assignment". I will be posting them "as is" without any changes or comments. A trigger to this idea was a recent post by @rasarthat I would like to use as an opening post: I have found this one piece of advice very relevant, and truly liberating. It was difficult, initially, to avoid comparing my performance against other members'. It was sometimes depressing to make "only" 5% on a trade, when others boasted of 15% and 20%. However, whenever I looked back on past trades, I couldn't remember anyone else's trades; I could only look at my own winners and losers. That same 5% suddenly looked really nice compared to another trade a day later, where I lost 30%. And finally, when computing my gains and losses for the year, it was the same thing. The only thing that mattered how much I made (or lost 😐), not any other member, nor even the SO official portfolio.
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