I wasn’t always successful at trading options.
In fact, at first, I lost most of the money I put into my options trading account. I would trade options willy-nilly and buy high and sell low (this is not recommended).
I would search the market for the next big thing and try to guess where the stock would be in a few months.
I was always wrong! Well maybe not always, but frankly it was like gambling!
It was just about five years ago that I decided to look over all of my previous trades and really examine when I made money and when I lost money. After a few hours of examination, I Wrote the Rules.