Hello Traders,

I been trading options for 3 years. In the first year, I doubled my account without putting in a lot of time. During this time, there was less of a need to make money. In the second year, I spent more time trading and loss what i made . Then I took a few months away from trading. In the third year, I started focusing on trading psychology and volume and try to slowly rebuild up my account. Currently, I am trading options on the major US indexes.

I have learned from my mistakes such as trading options that are not liquid and entering a trade to early or to late.

Hope to learn more from this forum.

Welcome. Good luck.

Do you have any suggestions for risk management for buying and selling calls and puts?

Fred17 

Do you have any suggestions for risk management for buying and selling calls and puts?

- Know how much you want to lose before you enter a trade.
- Understand that short term options are feast or famine and is like playing a videogame on its hardest difficulty setting... in the hopes of a big payoff, you are putting a lot of odds against you, primarily theta
- Van Tharp is a douchebag, but his book is biblical when it comes to risk management. Read it, learn it, and own it.

Thanks Bermudan Options,

I will read that book by Van Tharp. I hope this will help me develop techniques to have more consistent profits in my options trading.