10 Rules For Options Traders by Joe Luisi
The success of your trading career is determined by
profitability. And this profitability lies in the way you
follow your trading plan. Here are 10 rules you
should always consider before making a trade.
Itís a good idea to take some time each
year to reflect on your trading successes
and failures. What have you done right?
What have you done wrong? Did your
trades work out as planned? Did you
make money? Donít let another year go
by with failed dreams and hopes. Make this your year of
change and financial advancement, one that offers many
profitable trading opportunities. If you truly want success,
you have to do what is necessary to bring it about.
The markets have been extremely rough and volatile
during the past two years. But there are some trading rules
that stand the test of time. Listed here are a few of the most
important ones that I follow. I trade options, so the rules are
tailored to them, but these principles can be applied to any
market and any trading method. Take a moment to review the
rules and see how you can change your strategies to make
2002 your best trading year yet.