Options Trading Quotes

“the goal of a successful trader is to make the best trades. Money is secondary”
― T.R. Lawrence, Options Trading: How to Turn Every Friday into Payday Using Weekly Options! Generate Weekly Income in ALL Markets and Sleep Worry-Free!

“In simple form, an investing mindset is more focused on long-term growth and wealth-building, while a trading mindset tends to focus more on shorter-term opportunities to make profits in the market.”
― T.R. Lawrence, Options Trading: How to Turn Every Friday into Payday Using Weekly Options! Generate Weekly Income in ALL Markets and Sleep Worry-Free!

“If the market is in a little downturn or the stock has some news and is trading down on low volume (still keeping our edge of being in the stock), the best move is to sell 1–2 strikes down. In this case, you buy back the $49 and sell next week’s $47 or $48. Your cash-out may not equal the new cash-in; however, repeating this for next week gets you profitable.”
― T.R. Lawrence, Options Trading: How to Turn Every Friday into Payday Using Weekly Options! Generate Weekly Income in ALL Markets and Sleep Worry-Free!

“In the example above, if I believe the stock drop is just some profit-taking or a little market chaos, I will buy back the $49 puts at whatever price, maybe $4–$5, and sell next week’s $49 puts at about the same price, which may be higher depending on Implied Volatility. So, there is a cash out and a new cash-in that often covers the cash out.”
― T.R. Lawrence, Options Trading: How to Turn Every Friday into Payday Using Weekly Options! Generate Weekly Income in ALL Markets and Sleep Worry-Free!

“The primary difference between a successful trader and an amateur is the ability to cut losses quickly. Professional traders have a plan and are ready to alter certain parameters of their strategy to accommodate the change in the direction of the markets. Please always keep this in mind. You’re not the genie of the options market; no one is.”
― T.R. Lawrence, Options Trading: How to Turn Every Friday into Payday Using Weekly Options! Generate Weekly Income in ALL Markets and Sleep Worry-Free!

“If there is ever a time when you can’t sleep and are feeling anxious because of your positions in the stock market: You are overexposed. It’s time to reduce your level of risk.”
― T.R. Lawrence, Options Trading: How to Turn Every Friday into Payday Using Weekly Options! Generate Weekly Income in ALL Markets and Sleep Worry-Free!

“80–85% of options are unexercised and worthless! Options were originally “invented” as protection for large accounts. They are basically like buying Home Owners Insurance.”
― T.R. Lawrence, Options Trading: How to Turn Every Friday into Payday Using Weekly Options! Generate Weekly Income in ALL Markets and Sleep Worry-Free!

“example, if your trading plan dictates that no more than 2% of the portfolio value be allocated to any single trade, and you really want to load up on something that takes the percentage to 10%, you may feel a little stressed (I hope so!). At all times, be in the present so you do not miss warnings like this. Of course, if you have a larger portfolio and feel safe with higher percentages, then adjust. Do not make a fearful or greedy decision.”
― T.R. Lawrence, Options Trading: How to Turn Every Friday into Payday Using Weekly Options! Generate Weekly Income in ALL Markets and Sleep Worry-Free!

“We trade what we see, not what we believe.”
― T.R. Lawrence, Options Trading: How to Turn Every Friday into Payday Using Weekly Options! Generate Weekly Income in ALL Markets and Sleep Worry-Free!