I’m sitting here this morning in the offices of SMB capital in downtown Manhattan, \u00a0making some notes \u00a0in anticipation of \u00a0a blitz \u00a0I”ll be doing this week, recording the majority of the videotapes that will form the core of our options training program. \u00a0 It brought me back to my first days as an options trader and the intense excitement I felt about learning a new trading craft. \u00a0I can honestly say that options trading has \u00a0not only met, but exceeded my expectations as a career that I find exciting, constantly intellectually fascinating, ever changing and profitable. \u00a0 We’ve invited interested \u00a0 intraday equity \u00a0traders from SMB to sit in and participate in these sessions and I”m looking forward to sharing what I love to do with people who have a true passion for trading.<\/p>\n
This got me to thinking, \u00a0what exactly is it that \u00a0caused me to fall in love with \u00a0income options trading in the first place? \u00a0And the answer has to do with the fact that there are SO many market scenarios in which you can make money and,\u00a0once you become competent,<\/em> only a few that can really cause you real problems.<\/p>\n If you are executing \u00a0market neutral strategie<\/strong>s, which forms the core of many income options traders’ trading approach:<\/p>\n 1. If the market goes nowhere you should make really good money.<\/p>\n 2. If the market trends \u00a0mildly up you should make very good money.<\/p>\n 3. If the market trends mildy \u00a0down, you should make very good money.<\/p>\n 4. If the market whipsaws, you CAN make money but it’s tougher.<\/p>\n 5. If the market trends really hard in either direction, it will be tough, but possible to make money.<\/p>\n 6. If the market melts down, or “melts up” \u00a0you will probably lose money.<\/p>\n