Our brains are inherently wired to seek shortcuts and an easier path.
It's part of our nature that serves us well in many situations, saving time, energy, and money.
However, sometimes there are no shortcuts.
When it comes to options trading, you should not waste your time searching for tips and tricks.
Here is the truth about profitable options trading:
If it sounds too easy or too good to be true, it probably is.
David Jaffee of BestStockStrategy.com does not promise a shortcut to success when it comes to options trading.
Instead, he's learned that success comes from taking action and making good decisions.
It is easy to be tempted by quick tips and tricks, but you'll often be left spinning your wheels and wasting time.
David Jaffee has taught more than 2,500 members how to trade options.
Keep reading to learn the best way to move forward and earn consistent profits in all markets.
Do you overconsume and under practice?
Learning a new skill takes time and dedication, and options trading is no different.
As much as we all want instant success, the reality is that there are often struggles along the way.
The same is true for options trading.
Too many online courses and YouTube videos promise a shortcut to success. You can consume content all day without ever earning a dime.
The only way to be profitable with options trading is to take smart, consistent action and learn from experience.New Trader Anxiety
But what if I fail?
The fear of failure has held back many people.
While not trying protects you from failure, it also guarantees that you won't be successful either.
The only way to get past anxiety is to push through it (taking action will also reduce future anxiety).
While you may not be successful immediately, small improvements will compound and yield major improvement over time.
One common “trick” among options trading coaches is to encourage "trading often".
The truth is that it is better to practice patience and discipline when trading options.
You won’t find clickbait shortcuts and worthless tricks in David Jaffee’s online options trading course. Instead, you will save time and learn a strategy that you can use for the rest of your life.
You won’t remember the tips and tricks
Ditch the quick tips and tricks.
Real learning comes from doing, not watching.
Embrace, and learn from, the stumbles, they'll stick with you longer than any video.
If you only seek out shortcuts for options trading success, you will end up wasting your time.
Take action, build skills, and watch your confidence soar.
Action is the key to lasting knowledge.
Watch David Jaffee’s video, “Profitable Options Trading: Forget Trading Tips and Tricks. Focus on Action,” to learn more about why action is important.
Share your thoughts on why people are addicted to tips and tricks in the comments!
Frequently Asked Questions (FAQs)
What are the best options trading tips and tricks?
Sell far out of the money put options on market leading stocks.
Take ownership of the best indices and large capitalization companies and hold these securities long-term.
What are the best tips and tricks in the stock market?
Sell options on stocks that you want to own.
During periods when you feel that the market is overbought, then you can buy long-term puts to hedge your positions.
During periods when you feel that the market is oversold, then you can buy calls.
5 Tips to Keep in Mind if You Want to Begin Options Trading
Tip 1: Focus only on market leading stocks with strong brands and index funds
Tip 2: Sell put options on those securities
Tip 3: Take ownership by getting assigned
Tip 4: Run the wheel strategy or hold long-term
Tip 5: Buy options during periods of market extremes. Buy calls when the market is oversold and buy puts when the market is overbought.
How do I get better at option trading?
Learn from David Jaffee, an option trading coach, and save time and avoid making costly mistakes. You can receive valuable training at BestStockStrategy.com
Options Trading Rules of Thumb
Tip 1: Focus only on market leading stocks with strong brands and index funds
Tip 2: Sell put options on those securities
Tip 3: Take ownership by getting assigned
Tip 4: Run the wheel strategy or hold long-term
Tip 5: Buy options during periods of market extremes. Buy calls when the market is oversold and buy puts when the market is overbought.