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CHAPTER 27:
Options Day Trading Rules for Success
here is more to options day trading to just having a style or a
strategy. If that was all it took, then you could just adopt those that
are proven to work and just stick with them. Yes,
options day
trading styles and strategy are important but they are not the end-all-be-all
of this career.
The winning factor is the options day trader himself or herself. You are the
factor that determines whether or not you will win or lose in this career.
Only taking the time to develop your expertise,
seeking guidance when
necessary and being totally dedicated allows a person to move from a
novice options day trader to an experienced
one that is successful and
hitting his or her target goals.
To develop into the options day trader you want to be, being disciplined is
necessary. There are options day trading rules that can help you develop
that necessary discipline. You will make mistakes.
Every beginner in any
niche does and even experienced options day traders are human and thus,
have bad days too.
Knowing common mistakes helps you avoid many of these mistakes and
takes away much of the guesswork. Having
rules to abide by helps you
avoid these mistakes as well.
Below, I have listed 11 rules that every options day trader must know.
Following them is entirely up to you but know that they are proven to help