Personal development and experimentation with my personal system for profitability continued in that time period.
LET US BEGIN AGAIN. Here are my seven crucial rules to the "game" when it comes to options.
1. Remember the market is irrational.
2. Leave some cash!!!
3. GET IN. GET OUT. Set the exit points right away.
4. Don't hope to recover. Get out NOW.
5. Keep some cash.
6. If the trade doesn't happen at your predetermined price, leave it. DON'T CHASE
7. Buy options with high volume and a longer term view!!!
Before following these, I lost $412.04 in my regular trading account. I then moved some small funds to my Roth IRA throughout the year as I followed these rules. I managed to achieve a 15% gain in my retirement account from a few stock positions and options trades. You might say but that's less than what the S&P gained in a year so you didn't really beat the market and you'd be correct.
However, it should be noted that I started the retirement account in the middle of March and lost only $33.04 with options after using my self imposed rules. Going into 2018 using these same rules, I will be able to do more than beat the market once I gain enough disposable income to trade options again.
For now, I reside in the world of bitcoin, cryptocurrencies and other blockchain assets where significantly more gains are possible. Take a look at the video below for a quick introduction to this revolutionary technology.
Now take a look below at what'shappened in just one week!
So if you haven't already, please enter the world of cryptocurrencies. The technology itself is revolutionary, and it is as if we are in once again in the early days of the internet.
Leave a comment if you'd like to know more.
HAPPY NEW YEAR!!!
