Too many option traders fail because they load themselves with tons of option trading knowledge but do nothing to ensure that their emotions dont get in the way. Yes, more than 95% of the option traders out there fail because of a complete lack of discipline and ability to control their emotions.
Nothing tests the emotions of traders more than trading stock options. Stock options move much more than its underlying stock in terms of percentage due to its leverage effect, frequently testing the emotional capacity of option traders, particularly those who follow a day trading methodology.
If you find yourselves having a burning desire to get out of a trade the moment it turned red, if you find yourselves having sleepless nights worrying about your trades, if you have lost money doing all the wrong things at the wrong time only to regret later, then you definitely have an emotional problem.
Here are 5 tips every option trader can use to ensure a healthier mindset and mental health while option trading:
1. 8 Hours Of Sleep A Day!
Yes! This is the most basic of all mental conditioning! Have ample rest! Many option traders who trade the US markets...
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