FAQ

 1. Why is trading so hard? 

0.0296% That's why. What is that? That's the rough estimation on how many little league baseball players in the United States become professionals. That's 1 in 3,376. Those are probably the same odds you have of becoming a trader that turns your $10,000 into 7 figures over your lifetime. STOP HAVING THAT DELUSION. Your #1 goal should be account preservation. Goal #2 is account expansion. Your mantra should be, "TODAY IS NOT THE DAY I GET RICH." Because it isn't. But you can, over time, gradually build your wealth. This is why trading is so hard. YOU have to get out of YOUR OWN WAY. 

 2. Am I special? 

See above. No. You are not. Your account can't move a market. YOU ARE A PARASITE. Embrace this. Move quickly and nimbly through the market taking only a fraction of the risk that multi-billion dollar banks take. Very few of us can exercise an options contract on AMZN. Recognize this. You are literally carrying this contract between large firms. Be a parasite. Get in, get out. Go unnoticed, because trust me, they don't care about you. 

 3. Why is options be hard yo? 

The majority of options expire worthless. So remember this: THE MARKET IS DESIGNED TO TAKE YOUR MONEY. The large firms want to transfer your wealth to them. Plain and simple. They have more information than you do, more capital, more knowledge. You have to beat them on a tilted table. THIS IS DIFFICULT. Understand that you have to work very hard to start to think like they do. Stocks do not go straight up. They take janky, weird, loopy, jaggy paths and if you would have just bought a contract 8 weeks out instead of expiring on the current Friday, perhaps you could have made money. "TODAY IS NOT THE DAY I GET RICH." 

 4. So how do I win? 

The first thing you need to learn is position sizing. You should never have more than 5% of your account in 1 play. And this is only if you are extremely confident. Whatever your account is, withdraw 5% of that from your checking's or savings and go hand it to someone on the street. What? You don't want to do that? Then understand why you don't want to go bigger than that into plays. Account destruction happens when you try to go larger. Yes, you could win big, but... "TODAY IS NOT THE DAY I GET RICH." 5%, 2.5%, 1.5%. Those should be your entries based on confidence in a play. More than that and we can't help you. YOU made that choice. This is YOUR ACCOUNT. We're here to help you better learn the market and time entries. We cannot overcome you throwing 40% of your account in an options contract expiring in 6 trading days that has a 4%  gap down overnight. We aren't wizards. You have to learn position sizing. If you do not, then more than likely you won't be with us for long... and that straight up sucks because it's a painful reminder each time a trader drops out of the room that the women and men with Bloomberg Terminals won again. 

 5. What's a yolo? 

This is an options play that you literally do not care if it goes to 0. Your yolo tolerance should be anywhere from $50-$300. If your account is only $5000 or less, just don't yolo.