90% of option traders lose money
Even people who are highly knowledgeable about the financial markets and work in the industry do poorly. There is evidence all over the place that losing money in options is normal and "everyone in the know knows it".
I never got good at options trading, but I never encountered anyone else who was good at it, either. Some people admitted that they lost money overall, while others, although they spoke readily of their wins, were evasive about losses and totals. This was less surprising when I discovered, to my disappointment, that many of the people who traded options were also gamblers.
Most people who continue trading options lose ALL the money they allocated, if they were smart enough to allocate an amount.
Trading options was the one activity at which I could not improve by studying or practicing
If I study hard and work at something, I get better at it. Two years of effort and study did not improve my results at trading options. When study and practice bring no payoff at all, it is a red flag indicator that the activity might be one at which it is not possible to improve. The possibility must at least be seriously considered.
Option purchases are a "limited-risk" speculation... but....
Read the Full Story
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Rgds,
Bramesh
09985711341
http://www.brameshtechanalysis.com/
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