The Shocking Truth About Becoming a Consistently Profitable Options Trader

Being a consistent, profitable options trader doesn't take much.

In fact, I'd even go as far to say it takes very little time and effort on a weekly basis. Yet, we've been told in the media (and through other publications and websites) that you have to have lots of money, trade fast or day trade to make it in this business.

It couldn't be further from the truth. . .

In today's episode, I want to help show you what it really takes and how you can start to implement simple tweaks to your daily routine to become more consistent and profitable.

Plus, we'll cover a recent trade we made in APC with a 70% chance of success selling options far away from the current stock price.

In Today's Show, You'll Learn About:

• Starts with confidence. If you don't have confidence in "WHY" you are trading the way you are then you'll easily let slip and move onto another strategy or system.
• Being disciplined is a lie (somewhat). We don't need to have it all the time, we just need it long enough for the habit to kick in and take over.
• Research from the University College of London showed in 2009 that it actually takes 66 days on average for people to form an automatic habit. Most of us are generally taught that we need 21 days, but here we can see that we might need 3X as much work to form the habit.
• Go small. Don't focus on big trades and huge positions. Little positions always will be more profitable.
• Don't get trapped in the "bad" trades. Each trade is equally important and you should celebrate the wins as much as you grown the losses.
• Laws of large numbers is my BFF. After 10 trades, your probability of success could vary by 20%. After 100 trades, the variance drops to roughly 10%. After 1,000 trades, it's less than 2%. After 100,000 trades, it's less than 0.0001%.
• Time-block your trading activities. If you can't build time for them you'll never find that consistent habit of making, adjusting and closing trades properly.