{"id":49638,"date":"2020-02-19T14:55:35","date_gmt":"2020-02-19T19:55:35","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=49638"},"modified":"2020-02-19T14:55:35","modified_gmt":"2020-02-19T19:55:35","slug":"huge-options-trading-blunders-im-switching-to-the-options-strategy-thats-crushing-it-episode-6","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/huge-options-trading-blunders-im-switching-to-the-options-strategy-thats-crushing-it-episode-6","title":{"rendered":"Huge Options Trading Blunders: I’m switching to the options strategy that\u2019s CRUSHING it (episode 6"},"content":{"rendered":"

Continuing our Huge Options Trading Blunders Series, in this video we drill down into the reason why hopping from one options strategy to another, is a losing practice which will result in sub-par results for the serious options trader. We explore in this video exactly why that is the case with a vivid example of exactly how this counter-productive process plays out.<\/p>\nView Video Transcript<\/strong><\/span>

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okay so today’s video is the sixth in<\/div>\n<\/div>\n<\/div>\n
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our series that we’ve entitled huge<\/div>\n<\/div>\n<\/div>\n
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options trading blunders we’ve decided<\/div>\n<\/div>\n<\/div>\n
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to produce this series for traders who<\/div>\n<\/div>\n<\/div>\n
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are really serious about trading options<\/div>\n<\/div>\n<\/div>\n
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for a living and badly want to succeed<\/div>\n<\/div>\n<\/div>\n
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but they keep getting sidetracked by<\/div>\n<\/div>\n<\/div>\n
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chasing trades and ideas with huge flaws<\/div>\n<\/div>\n<\/div>\n
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in them instead of taking the proper<\/div>\n<\/div>\n<\/div>\n
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steps to excel as an options trader<\/div>\n<\/div>\n<\/div>\n
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I’m the head trader of SMB capitals<\/div>\n<\/div>\n<\/div>\n
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OPS’s trading desk and I can tell you<\/div>\n<\/div>\n<\/div>\n
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for many years of experience that I’ve<\/div>\n<\/div>\n<\/div>\n
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seen every one of the mistakes that were<\/div>\n<\/div>\n<\/div>\n
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going to be describing in these videos<\/div>\n<\/div>\n<\/div>\n
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in fact I made some of these very<\/div>\n<\/div>\n<\/div>\n
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mistakes when I first got started<\/div>\n<\/div>\n<\/div>\n
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trading they’re real and if you’re<\/div>\n<\/div>\n<\/div>\n
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serious about trading for living you<\/div>\n<\/div>\n<\/div>\n
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really need to pay close attention to<\/div>\n<\/div>\n<\/div>\n
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these videos so that you can avoid<\/div>\n<\/div>\n<\/div>\n
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serious problems and unnecessary detours<\/div>\n<\/div>\n<\/div>\n
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in your trading journey so if you’re<\/div>\n<\/div>\n<\/div>\n
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committed to trading full-time as an<\/div>\n<\/div>\n<\/div>\n
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options trader then I urge you to watch<\/div>\n<\/div>\n<\/div>\n
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this video and the rest of the videos in<\/div>\n<\/div>\n<\/div>\n
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this series so that you don’t fall by<\/div>\n<\/div>\n<\/div>\n
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the wayside like so many aspiring<\/div>\n<\/div>\n<\/div>\n
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traders who don’t want to spend the time<\/div>\n<\/div>\n<\/div>\n
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to learn the actual truth about the<\/div>\n<\/div>\n<\/div>\n
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rewards and challenges of options<\/div>\n<\/div>\n<\/div>\n
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trading and the skills you’ll need to<\/div>\n<\/div>\n<\/div>\n
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truly succeed we want you to take a<\/div>\n<\/div>\n<\/div>\n
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realistic path to your trading goals<\/div>\n<\/div>\n<\/div>\n
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which are attainable if you’re serious<\/div>\n<\/div>\n<\/div>\n
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and willing to put in the work to<\/div>\n<\/div>\n<\/div>\n
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succeed<\/div>\n<\/div>\n<\/div>\n
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[Music]<\/div>\n<\/div>\n<\/div>\n
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hi I’m Seth Freuburg and I’m the head<\/div>\n<\/div>\n<\/div>\n
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trader of SMB capitals options trading<\/div>\n<\/div>\n<\/div>\n
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desk SMB capital is a proprietary<\/div>\n<\/div>\n<\/div>\n
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trading firm located in midtown<\/div>\n<\/div>\n<\/div>\n
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Manhattan and we provide capital for<\/div>\n<\/div>\n<\/div>\n
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options and equity traders from all over<\/div>\n<\/div>\n<\/div>\n
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the world trading both remotely and in<\/div>\n<\/div>\n<\/div>\n
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our offices here in New York City now<\/div>\n<\/div>\n<\/div>\n
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I’d like to suggest that you click on<\/div>\n<\/div>\n<\/div>\n
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our subscribe button right now so that<\/div>\n<\/div>\n<\/div>\n
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you don’t miss any of our free trading<\/div>\n<\/div>\n<\/div>\n
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videos that we produce for traders and<\/div>\n<\/div>\n<\/div>\n
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investors all over the world they’re<\/div>\n<\/div>\n<\/div>\n
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really very valuable ok so today we’re<\/div>\n<\/div>\n<\/div>\n
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gonna be looking at options trading<\/div>\n<\/div>\n<\/div>\n
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blunder number 6 in our series on<\/div>\n<\/div>\n<\/div>\n
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options misconceptions and huge mistakes<\/div>\n<\/div>\n<\/div>\n
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that you can make in your journey<\/div>\n<\/div>\n<\/div>\n
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towards becoming a full time options<\/div>\n<\/div>\n<\/div>\n
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trader so blunder number 6 like many of<\/div>\n<\/div>\n<\/div>\n
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the other blunders we’ve explained in<\/div>\n<\/div>\n<\/div>\n
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this series arises out of the very<\/div>\n<\/div>\n<\/div>\n
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common human tendency to compare your<\/div>\n<\/div>\n<\/div>\n
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recent performance to other traders and<\/div>\n<\/div>\n<\/div>\n
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become envious if they’ve had recent<\/div>\n<\/div>\n<\/div>\n
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success while you’ve had recent failure<\/div>\n<\/div>\n<\/div>\n
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does this sound familiar it happens to<\/div>\n<\/div>\n<\/div>\n
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just about everybody in thinking that<\/div>\n<\/div>\n<\/div>\n
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way can lead to some very foolish<\/div>\n<\/div>\n<\/div>\n
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decisions so most of you probably don’t<\/div>\n<\/div>\n<\/div>\n
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realize this but for many years I was<\/div>\n<\/div>\n<\/div>\n
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the CEO of a property and casualty<\/div>\n<\/div>\n<\/div>\n
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insurance company that had over 200<\/div>\n<\/div>\n<\/div>\n
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employees and when you run a company of<\/div>\n<\/div>\n<\/div>\n
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that size one skill you definitely need<\/div>\n<\/div>\n<\/div>\n
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is to have an ability to identify talent<\/div>\n<\/div>\n<\/div>\n
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you end up reading a lot of resumes tons<\/div>\n<\/div>\n<\/div>\n
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of them and in order to stay sane<\/div>\n<\/div>\n<\/div>\n
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through that process you need to have<\/div>\n<\/div>\n<\/div>\n
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some way to eliminate candidates from<\/div>\n<\/div>\n<\/div>\n
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the competition for top job just to<\/div>\n<\/div>\n<\/div>\n
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narrow your choices down to a reasonable<\/div>\n<\/div>\n<\/div>\n
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number of people to interview so one<\/div>\n<\/div>\n<\/div>\n
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rule that I had and I know this sounds<\/div>\n<\/div>\n<\/div>\n
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tough but the rule was that anyone who<\/div>\n<\/div>\n<\/div>\n
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had more than three jobs in the last ten<\/div>\n<\/div>\n<\/div>\n
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years was eliminated from the running so<\/div>\n<\/div>\n<\/div>\n
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what was my purpose behind this<\/div>\n<\/div>\n<\/div>\n
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guideline well it’s simple logic really<\/div>\n<\/div>\n<\/div>\n
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you see most people will have success in<\/div>\n<\/div>\n<\/div>\n
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their careers tend to establish strong<\/div>\n<\/div>\n<\/div>\n
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relationships with peers and managers<\/div>\n<\/div>\n<\/div>\n
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they’re valued employees and their<\/div>\n<\/div>\n<\/div>\n
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managers see their value and so they do<\/div>\n<\/div>\n<\/div>\n
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a lot to retain them as employees such<\/div>\n<\/div>\n<\/div>\n
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as promoting them giving them nice<\/div>\n<\/div>\n<\/div>\n
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salary bumps giving them specialized<\/div>\n<\/div>\n<\/div>\n
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kinds of training and anything else they<\/div>\n<\/div>\n<\/div>\n
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can think of to keep the employee happy<\/div>\n<\/div>\n<\/div>\n
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as<\/div>\n<\/div>\n<\/div>\n
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so the employees tend to stay at the<\/div>\n<\/div>\n<\/div>\n
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same company for a lengthy period of<\/div>\n<\/div>\n<\/div>\n
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time well that’s the kind of person<\/div>\n<\/div>\n<\/div>\n
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you’d want working for you right whereas<\/div>\n<\/div>\n<\/div>\n
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on the other hand job hoppers were<\/div>\n<\/div>\n<\/div>\n
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people who tended to be incapable of<\/div>\n<\/div>\n<\/div>\n
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stablishing strong ties with others and<\/div>\n<\/div>\n<\/div>\n
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they were always disgruntled typically I<\/div>\n<\/div>\n<\/div>\n
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found that they were not particularly<\/div>\n<\/div>\n<\/div>\n
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good or reliable performers their<\/div>\n<\/div>\n<\/div>\n
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managers didn’t particularly value them<\/div>\n<\/div>\n<\/div>\n
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nor did they do anything special to<\/div>\n<\/div>\n<\/div>\n
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retain them consequently they began to<\/div>\n<\/div>\n<\/div>\n
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look for other jobs before they got<\/div>\n<\/div>\n<\/div>\n
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fired because they sensed their managers<\/div>\n<\/div>\n<\/div>\n
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didn’t value them or preemptively quit<\/div>\n<\/div>\n<\/div>\n
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because they were pretty sure they were<\/div>\n<\/div>\n<\/div>\n
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about to be fired<\/div>\n<\/div>\n<\/div>\n
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and this pattern would continue from job<\/div>\n<\/div>\n<\/div>\n
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to job they performed poorly they’d<\/div>\n<\/div>\n<\/div>\n
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complain and were disgruntled because<\/div>\n<\/div>\n<\/div>\n
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they didn’t get the respect that they<\/div>\n<\/div>\n<\/div>\n
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thought they deserved even though in<\/div>\n<\/div>\n<\/div>\n
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most cases they didn’t really<\/div>\n<\/div>\n<\/div>\n
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particularly deserve it and they would<\/div>\n<\/div>\n<\/div>\n
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end up quitting on the brink of being<\/div>\n<\/div>\n<\/div>\n
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fired or they would quit out of a sense<\/div>\n<\/div>\n<\/div>\n
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that the grass would always be greener<\/div>\n<\/div>\n<\/div>\n
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on the other side which it never was of<\/div>\n<\/div>\n<\/div>\n
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course but most importantly earlier in<\/div>\n<\/div>\n<\/div>\n
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my career before I put this rule into<\/div>\n<\/div>\n<\/div>\n
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place I noticed that anytime that I<\/div>\n<\/div>\n<\/div>\n
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hired a job hopper type that they would<\/div>\n<\/div>\n<\/div>\n
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inevitably quit working for us in<\/div>\n<\/div>\n<\/div>\n
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predictably<\/div>\n<\/div>\n<\/div>\n
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about two or three years until I caught<\/div>\n<\/div>\n<\/div>\n
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on to this pattern why did I think that<\/div>\n<\/div>\n<\/div>\n
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we were such a great company that a<\/div>\n<\/div>\n<\/div>\n
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person with this pattern was magically<\/div>\n<\/div>\n<\/div>\n
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gonna snap out of his pattern and<\/div>\n<\/div>\n<\/div>\n
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suddenly change and become a valued<\/div>\n<\/div>\n<\/div>\n
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contributor the team when that was not<\/div>\n<\/div>\n<\/div>\n
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his or her history at all and the truth<\/div>\n<\/div>\n<\/div>\n
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is that there is no logical reason to<\/div>\n<\/div>\n<\/div>\n
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believe that and inevitably the job<\/div>\n<\/div>\n<\/div>\n
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hopper would hop on to another job and<\/div>\n<\/div>\n<\/div>\n
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as far as I could tell the pattern would<\/div>\n<\/div>\n<\/div>\n
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never change as I followed their careers<\/div>\n<\/div>\n<\/div>\n
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from a distance as they continued to hop<\/div>\n<\/div>\n<\/div>\n
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from job to job so you’re probably<\/div>\n<\/div>\n<\/div>\n
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wondering what all this has to do with<\/div>\n<\/div>\n<\/div>\n
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trading and the answer is that over my<\/div>\n<\/div>\n<\/div>\n
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options trading career I found that<\/div>\n<\/div>\n<\/div>\n
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there are certain traders that I would<\/div>\n<\/div>\n<\/div>\n
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call strategy hoppers the pattern with<\/div>\n<\/div>\n<\/div>\n
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these kinds of traders is that they<\/div>\n<\/div>\n<\/div>\n
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establish a bread-and-butter strategy<\/div>\n<\/div>\n<\/div>\n
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for themselves that they trade on a<\/div>\n<\/div>\n<\/div>\n
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continuous basis for some time and<\/div>\n<\/div>\n<\/div>\n
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experience success with it and then they<\/div>\n<\/div>\n<\/div>\n
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run into a rough patch where the<\/div>\n<\/div>\n<\/div>\n
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strategy loses two or three months in a<\/div>\n<\/div>\n<\/div>\n
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row so what they start doing is<\/div>\n<\/div>\n<\/div>\n
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listening to other traders<\/div>\n<\/div>\n<\/div>\n
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were chattering about the newest<\/div>\n<\/div>\n<\/div>\n
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shiniest strategy what I call the<\/div>\n<\/div>\n<\/div>\n
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strategic flavor of the month and<\/div>\n<\/div>\n<\/div>\n
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believe me there’s always a new flavor<\/div>\n<\/div>\n<\/div>\n
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of the month strategy I’ve watched this<\/div>\n<\/div>\n<\/div>\n
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develop my entire trading career and so<\/div>\n<\/div>\n<\/div>\n
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what happens is that some new strategy<\/div>\n<\/div>\n<\/div>\n
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that has experienced recent success is<\/div>\n<\/div>\n<\/div>\n
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catching on and a lot of people doing<\/div>\n<\/div>\n<\/div>\n
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that exact same strategy are naturally<\/div>\n<\/div>\n<\/div>\n
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all having success and therefore are all<\/div>\n<\/div>\n<\/div>\n
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bragging in unison about how great this<\/div>\n<\/div>\n<\/div>\n
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strategy is and so the guys trading the<\/div>\n<\/div>\n<\/div>\n
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strategy which happened to perform<\/div>\n<\/div>\n<\/div>\n
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poorly are watching these guys brag and<\/div>\n<\/div>\n<\/div>\n
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instead of viewing the situation<\/div>\n<\/div>\n<\/div>\n
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maturely they get envious and then they<\/div>\n<\/div>\n<\/div>\n
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fall into options blunder number six<\/div>\n<\/div>\n<\/div>\n
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which states I’m switching to the option<\/div>\n<\/div>\n<\/div>\n
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strategy that is crushing it for<\/div>\n<\/div>\n<\/div>\n
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everyone else because mine lost money<\/div>\n<\/div>\n<\/div>\n
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for two months in a row and so they<\/div>\n<\/div>\n<\/div>\n
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dropped their current option strategy<\/div>\n<\/div>\n<\/div>\n
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like a hot potato and rush to start<\/div>\n<\/div>\n<\/div>\n
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trading the one that’s making everyone<\/div>\n<\/div>\n<\/div>\n
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else rich now before we explain in vivid<\/div>\n<\/div>\n<\/div>\n
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detail why option strategy hoppers<\/div>\n<\/div>\n<\/div>\n
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always fail I wanted to let you know<\/div>\n<\/div>\n<\/div>\n
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that there really are sound viable<\/div>\n<\/div>\n<\/div>\n
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long-term techniques for trading options<\/div>\n<\/div>\n<\/div>\n
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for income and in fact we’re currently<\/div>\n<\/div>\n<\/div>\n
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running a two our free intensive<\/div>\n<\/div>\n<\/div>\n
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workshop at the moment where we’ll be<\/div>\n<\/div>\n<\/div>\n
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teaching you three of those strategies<\/div>\n<\/div>\n<\/div>\n
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that real professional options traders<\/div>\n<\/div>\n<\/div>\n
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use including a really simple but<\/div>\n<\/div>\n<\/div>\n
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incredibly effective technique that some<\/div>\n<\/div>\n<\/div>\n
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of the greatest investors in the world<\/div>\n<\/div>\n<\/div>\n
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like Warren Buffett use all the time<\/div>\n<\/div>\n<\/div>\n
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plus an options trading strategy that<\/div>\n<\/div>\n<\/div>\n
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has a statistical 80 percent probability<\/div>\n<\/div>\n<\/div>\n
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of profit month in and month out plus an<\/div>\n<\/div>\n<\/div>\n
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option strategy that you can employ with<\/div>\n<\/div>\n<\/div>\n
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the stock that you like where you’ll<\/div>\n<\/div>\n<\/div>\n
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make your target profit whether the<\/div>\n<\/div>\n<\/div>\n
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stock goes up goes nowhere or even goes<\/div>\n<\/div>\n<\/div>\n
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down a small percentage so if those<\/div>\n<\/div>\n<\/div>\n
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strategies would be of interest to you<\/div>\n<\/div>\n<\/div>\n
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then you should check out the free<\/div>\n<\/div>\n<\/div>\n
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options class that we’re currently<\/div>\n<\/div>\n<\/div>\n
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running just go ahead and click the link<\/div>\n<\/div>\n<\/div>\n
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that should be appearing now at the top<\/div>\n<\/div>\n<\/div>\n
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right corner of your screen that will<\/div>\n<\/div>\n<\/div>\n
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open the free registration page in a new<\/div>\n<\/div>\n<\/div>\n
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window so don’t worry you won’t lose<\/div>\n<\/div>\n<\/div>\n
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this video or you can just head on over<\/div>\n<\/div>\n<\/div>\n
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to options class com to register for<\/div>\n<\/div>\n<\/div>\n
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this free intensive workshop it’s a rare<\/div>\n<\/div>\n<\/div>\n
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opportunity for retail traders and<\/div>\n<\/div>\n<\/div>\n
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investors to<\/div>\n<\/div>\n<\/div>\n
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directly from Wall Street traders but<\/div>\n<\/div>\n<\/div>\n
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that’s exactly what you’ll be getting<\/div>\n<\/div>\n<\/div>\n
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through this free online workshop so<\/div>\n<\/div>\n<\/div>\n
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click the link to sign up now and don’t<\/div>\n<\/div>\n<\/div>\n
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miss it ok so what is the fallacy of<\/div>\n<\/div>\n<\/div>\n
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strategy hopping that traps so many<\/div>\n<\/div>\n<\/div>\n
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traders that fall into this options<\/div>\n<\/div>\n<\/div>\n
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trading blunder well let’s think about<\/div>\n<\/div>\n<\/div>\n
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it you see anyone who’s serious about<\/div>\n<\/div>\n<\/div>\n
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options income trading will rigorously<\/div>\n<\/div>\n<\/div>\n
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backtest any strategy that they’re<\/div>\n<\/div>\n<\/div>\n
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considering trading whether they’ve<\/div>\n<\/div>\n<\/div>\n
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designed it themselves where they’ve<\/div>\n<\/div>\n<\/div>\n
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learned it from someone else and they<\/div>\n<\/div>\n<\/div>\n
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will invariably find that there are<\/div>\n<\/div>\n<\/div>\n
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periods when that particular trading<\/div>\n<\/div>\n<\/div>\n
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style is hitting the ball out of the<\/div>\n<\/div>\n<\/div>\n
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park and other periods where it loses<\/div>\n<\/div>\n<\/div>\n
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money and incidentally it is often the<\/div>\n<\/div>\n<\/div>\n
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worst periods of time for a strategy<\/div>\n<\/div>\n<\/div>\n
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that are followed by its best periods<\/div>\n<\/div>\n<\/div>\n
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\n
but that’s a discussion for another day<\/div>\n<\/div>\n<\/div>\n
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\n
in any event there’s no way around the<\/div>\n<\/div>\n<\/div>\n
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cyclical nature of options income<\/div>\n<\/div>\n<\/div>\n
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strategies no strategy works in every<\/div>\n<\/div>\n<\/div>\n
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market environment I don’t care how well<\/div>\n<\/div>\n<\/div>\n
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designed it is every strategy has market<\/div>\n<\/div>\n<\/div>\n
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situations which will cause it to lose<\/div>\n<\/div>\n<\/div>\n
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money it’s as simple as that<\/div>\n<\/div>\n<\/div>\n
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and if you’re not prepared to believe<\/div>\n<\/div>\n<\/div>\n
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that you will go through periods where<\/div>\n<\/div>\n<\/div>\n
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you’re otherwise totally sound strategy<\/div>\n<\/div>\n<\/div>\n
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doesn’t make money then do yourself a<\/div>\n<\/div>\n<\/div>\n
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favor and quit trading right now because<\/div>\n<\/div>\n<\/div>\n
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you’re never going to find a strategy<\/div>\n<\/div>\n<\/div>\n
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that won’t have such periods and the<\/div>\n<\/div>\n<\/div>\n
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irony is that your back tests will<\/div>\n<\/div>\n<\/div>\n
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undoubtedly reveal those weak periods<\/div>\n<\/div>\n<\/div>\n
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and you will in a simulated way anyway<\/div>\n<\/div>\n<\/div>\n
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experience those down periods but<\/div>\n<\/div>\n<\/div>\n
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because it’s not real money and it’s<\/div>\n<\/div>\n<\/div>\n
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just the simulation you’ll take those<\/div>\n<\/div>\n<\/div>\n
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losing periods and stride if at the end<\/div>\n<\/div>\n<\/div>\n
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of the backtest you realized that the<\/div>\n<\/div>\n<\/div>\n
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strategy in fact yielded a solid return<\/div>\n<\/div>\n<\/div>\n
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over a sustained period of time if you<\/div>\n<\/div>\n<\/div>\n
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find an approach like that any logical<\/div>\n<\/div>\n<\/div>\n
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trader will start incorporating that<\/div>\n<\/div>\n<\/div>\n
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strategy into his trading practice going<\/div>\n<\/div>\n<\/div>\n
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in with his eyes wide open recognizing<\/div>\n<\/div>\n<\/div>\n
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that the strategy will go through its<\/div>\n<\/div>\n<\/div>\n
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ups and downs just as it did in back<\/div>\n<\/div>\n<\/div>\n
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tests but after all said and done at the<\/div>\n<\/div>\n<\/div>\n
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\n
end of the day the strategy provides a<\/div>\n<\/div>\n<\/div>\n
\n
\n
solid outcome ok so here’s a real-world<\/div>\n<\/div>\n<\/div>\n
\n
\n
example of exactly what I’m talking<\/div>\n<\/div>\n<\/div>\n
\n
\n
about and this comes from a strict back<\/div>\n<\/div>\n<\/div>\n
\n
\n
test of two of the strategies that we<\/div>\n<\/div>\n<\/div>\n
\n
\n
track and for which we’ve actually<\/div>\n<\/div>\n<\/div>\n
\n
\n
produced video courses so the first one<\/div>\n<\/div>\n<\/div>\n
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\n
on the left<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s known as the bearish butterfly<\/div>\n<\/div>\n<\/div>\n
\n
\n
and in 2013 the strategy did very poorly<\/div>\n<\/div>\n<\/div>\n
\n
\n
it basically just broke even at less<\/div>\n<\/div>\n<\/div>\n
\n
\n
than a 1% return during that year<\/div>\n<\/div>\n<\/div>\n
\n
\n
another option strategy known as the<\/div>\n<\/div>\n<\/div>\n
\n
\n
bull knocked it out of the park and<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually made over 60% that year and<\/div>\n<\/div>\n<\/div>\n
\n
\n
incredibly successful years so the<\/div>\n<\/div>\n<\/div>\n
\n
\n
inexperienced bearish butterfly traders<\/div>\n<\/div>\n<\/div>\n
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probably thinking to himself hey look at<\/div>\n<\/div>\n<\/div>\n
\n
\n
those guys over there trading the ball<\/div>\n<\/div>\n<\/div>\n
\n
\n
they made 61.6% I’m over here trading<\/div>\n<\/div>\n<\/div>\n
\n
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the bearish butterfly and I barely broke<\/div>\n<\/div>\n<\/div>\n
\n
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even<\/div>\n<\/div>\n<\/div>\n
\n
\n
so my momma didn’t raise no fool I’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
switching to the ball and so the next<\/div>\n<\/div>\n<\/div>\n
\n
\n
year in 2014 as and as he probably could<\/div>\n<\/div>\n<\/div>\n
\n
\n
have predicted if you were thinking this<\/div>\n<\/div>\n<\/div>\n
\n
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through<\/div>\n<\/div>\n<\/div>\n
\n
\n
sure enough the bearish butterfly has an<\/div>\n<\/div>\n<\/div>\n
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\n
insanely good year as it often does with<\/div>\n<\/div>\n<\/div>\n
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the return of one hundred forty six<\/div>\n<\/div>\n<\/div>\n
\n
\n
percent while the bull has a nice year<\/div>\n<\/div>\n<\/div>\n
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\n
we’re twenty returning twenty six point<\/div>\n<\/div>\n<\/div>\n
\n
\n
eight percent but nothing like the grand<\/div>\n<\/div>\n<\/div>\n
\n
\n
slam home run of the bearish butterfly<\/div>\n<\/div>\n<\/div>\n
\n
\n
that year and almost as though the<\/div>\n<\/div>\n<\/div>\n
\n
\n
market was trying to rub it in your face<\/div>\n<\/div>\n<\/div>\n
\n
\n
the next year the bearish butterfly<\/div>\n<\/div>\n<\/div>\n
\n
\n
again went into triple digits at 107<\/div>\n<\/div>\n<\/div>\n
\n
\n
point 6 while the bull ran down to<\/div>\n<\/div>\n<\/div>\n
\n
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single digits at eight point six percent<\/div>\n<\/div>\n<\/div>\n
\n
\n
and finally to make matters worse and<\/div>\n<\/div>\n<\/div>\n
\n
\n
mind you this was totally predictable<\/div>\n<\/div>\n<\/div>\n
\n
\n
had you simply stuck to either one over<\/div>\n<\/div>\n<\/div>\n
\n
\n
the three-year period you would have<\/div>\n<\/div>\n<\/div>\n
\n
\n
fared much better<\/div>\n<\/div>\n<\/div>\n
\n
\n
and while the bearish butterfly strategy<\/div>\n<\/div>\n<\/div>\n
\n
\n
that you dropped early on performed much<\/div>\n<\/div>\n<\/div>\n
\n
\n
better than the bull as you can see<\/div>\n<\/div>\n<\/div>\n
\n
\n
either of the two strategies performed<\/div>\n<\/div>\n<\/div>\n
\n
\n
way better than the trade hopper<\/div>\n<\/div>\n<\/div>\n
\n
\n
successful traders ride out those<\/div>\n<\/div>\n<\/div>\n
\n
\n
difficult periods like the bearish<\/div>\n<\/div>\n<\/div>\n
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\n
butterfly trader experienced in 2013<\/div>\n<\/div>\n<\/div>\n
\n
\n
because they’re secure in the knowledge<\/div>\n<\/div>\n<\/div>\n
\n
\n
that these difficult times are<\/div>\n<\/div>\n<\/div>\n
\n
\n
inevitable but they don’t last and<\/div>\n<\/div>\n<\/div>\n
\n
\n
instead the strategy should return back<\/div>\n<\/div>\n<\/div>\n
\n
\n
to its historical return rates whereas<\/div>\n<\/div>\n<\/div>\n
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\n
strategy hoppers defeat themselves by<\/div>\n<\/div>\n<\/div>\n
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\n
abandoning the knowledge that they<\/div>\n<\/div>\n<\/div>\n
\n
\n
picked up through their back tests and<\/div>\n<\/div>\n<\/div>\n
\n
\n
bail out on the strategies just as soon<\/div>\n<\/div>\n<\/div>\n
\n
\n
as they’ve had a short unsuccessful<\/div>\n<\/div>\n<\/div>\n
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period of time they back tested it yet<\/div>\n<\/div>\n<\/div>\n
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they completely forget that a period of<\/div>\n<\/div>\n<\/div>\n
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\n
losses is just as predictable as a<\/div>\n<\/div>\n<\/div>\n
\n
\n
string of wins but because they’re not<\/div>\n<\/div>\n<\/div>\n
\n
\n
mature traders they<\/div>\n<\/div>\n<\/div>\n
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basically can’t handle that they<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually lost real money trading the<\/div>\n<\/div>\n<\/div>\n
\n
\n
strategy even though intellectually that<\/div>\n<\/div>\n<\/div>\n
\n
\n
was a fully expected chain of events and<\/div>\n<\/div>\n<\/div>\n
\n
\n
they’re back test in fact had such<\/div>\n<\/div>\n<\/div>\n
\n
\n
periods yet they still decided to trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
the strategy with live capital because<\/div>\n<\/div>\n<\/div>\n
\n
\n
it was so compelling instead they got<\/div>\n<\/div>\n<\/div>\n
\n
\n
the spawn dn’t about the strategy<\/div>\n<\/div>\n<\/div>\n
\n
\n
prematurely and instead they go and fall<\/div>\n<\/div>\n<\/div>\n
\n
\n
in love with a shiny new strategy that<\/div>\n<\/div>\n<\/div>\n
\n
\n
everyone’s bragging about because it<\/div>\n<\/div>\n<\/div>\n
\n
\n
happened to go through one of its strong<\/div>\n<\/div>\n<\/div>\n
\n
\n
periods while yours was going through<\/div>\n<\/div>\n<\/div>\n
\n
\n
one of his completely predictable weak<\/div>\n<\/div>\n<\/div>\n
\n
\n
periods if you talk to anyone who has<\/div>\n<\/div>\n<\/div>\n
\n
\n
strategy hopped before there’s a very<\/div>\n<\/div>\n<\/div>\n
\n
\n
good chance that they will tell you that<\/div>\n<\/div>\n<\/div>\n
\n
\n
the minute they switched over to the new<\/div>\n<\/div>\n<\/div>\n
\n
\n
strategy that very same shiny new<\/div>\n<\/div>\n<\/div>\n
\n
\n
strategy started to lose money and lo<\/div>\n<\/div>\n<\/div>\n
\n
\n
and behold the strategy they abandoned<\/div>\n<\/div>\n<\/div>\n
\n
\n
suddenly starts working again the truth<\/div>\n<\/div>\n<\/div>\n
\n
\n
is that the strategy never stopped<\/div>\n<\/div>\n<\/div>\n
\n
\n
working in the first place it just went<\/div>\n<\/div>\n<\/div>\n
\n
\n
into a predictable down period followed<\/div>\n<\/div>\n<\/div>\n
\n
\n
by a predictable up period and the new<\/div>\n<\/div>\n<\/div>\n
\n
\n
strategy that the trader hopto had gone<\/div>\n<\/div>\n<\/div>\n
\n
\n
into an equally predictable down period<\/div>\n<\/div>\n<\/div>\n
\n
\n
now this is not to say that if other<\/div>\n<\/div>\n<\/div>\n
\n
\n
traders over a long period of time are<\/div>\n<\/div>\n<\/div>\n
\n
\n
experiencing sustained success I’m not<\/div>\n<\/div>\n<\/div>\n
\n
\n
saying it’s a bad idea to take notes and<\/div>\n<\/div>\n<\/div>\n
\n
\n
to strive to understand why they’re so<\/div>\n<\/div>\n<\/div>\n
\n
\n
successful over a long period of time<\/div>\n<\/div>\n<\/div>\n
\n
\n
and possibly incorporate some of their<\/div>\n<\/div>\n<\/div>\n
\n
\n
ideas into your trading I’m not saying<\/div>\n<\/div>\n<\/div>\n
\n
\n
that at all in fact that’s a very<\/div>\n<\/div>\n<\/div>\n
\n
\n
positive practice but what I’m saying is<\/div>\n<\/div>\n<\/div>\n
\n
\n
that if an options trader has<\/div>\n<\/div>\n<\/div>\n
\n
\n
experienced a few recent successes while<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’ve experienced a few recent failures<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s simply not enough data to reach<\/div>\n<\/div>\n<\/div>\n
\n
\n
any conclusions at all let alone a<\/div>\n<\/div>\n<\/div>\n
\n
\n
drastic decision to completely switch<\/div>\n<\/div>\n<\/div>\n
\n
\n
your bread-and-butter strategy to some<\/div>\n<\/div>\n<\/div>\n
\n
\n
other strategy because some guys are<\/div>\n<\/div>\n<\/div>\n
\n
\n
over there high-fiving each other about<\/div>\n<\/div>\n<\/div>\n
\n
\n
some recent wins using that strategy<\/div>\n<\/div>\n<\/div>\n
\n
\n
rather so long as the market has not<\/div>\n<\/div>\n<\/div>\n
\n
\n
owned undergone some fundamental change<\/div>\n<\/div>\n<\/div>\n
\n
\n
that may have actually rendered your<\/div>\n<\/div>\n<\/div>\n
\n
\n
strategy ineffective and that does<\/div>\n<\/div>\n<\/div>\n
\n
\n
occasionally happen as long as that is<\/div>\n<\/div>\n<\/div>\n
\n
\n
not the case then trade hopping simply<\/div>\n<\/div>\n<\/div>\n
\n
\n
doesn’t work I would say that most of<\/div>\n<\/div>\n<\/div>\n
\n
\n
the time when you trade hop the strategy<\/div>\n<\/div>\n<\/div>\n
\n
\n
that you<\/div>\n<\/div>\n<\/div>\n
\n
\n
the way from starts performing better<\/div>\n<\/div>\n<\/div>\n
\n
\n
than the one you hopped to it’s just the<\/div>\n<\/div>\n<\/div>\n
\n
\n
way it is it’s the way it seems to work<\/div>\n<\/div>\n<\/div>\n
\n
\n
out<\/div>\n<\/div>\n<\/div>\n
\n
\n
ask any experienced trader you don’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
have to take my word for it<\/div>\n<\/div>\n<\/div>\n
\n
\n
so don’t fall into options trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
blunder number six<\/div>\n<\/div>\n<\/div>\n
\n
\n
instead behave like a mature experienced<\/div>\n<\/div>\n<\/div>\n
\n
\n
trader and abide by the backtest that<\/div>\n<\/div>\n<\/div>\n
\n
\n
led you to incorporate this strategy<\/div>\n<\/div>\n<\/div>\n
\n
\n
into your trading practice in the first<\/div>\n<\/div>\n<\/div>\n
\n
\n
place that’s the way professional<\/div>\n<\/div>\n<\/div>\n
\n
\n
traders think and conduct themselves now<\/div>\n<\/div>\n<\/div>\n
\n
\n
just to remind you as I said earlier if<\/div>\n<\/div>\n<\/div>\n
\n
\n
you enjoyed this video and learned<\/div>\n<\/div>\n<\/div>\n
\n
\n
something valuable from it we’d like to<\/div>\n<\/div>\n<\/div>\n
\n
\n
learn the details of three real-world<\/div>\n<\/div>\n<\/div>\n
\n
\n
option strategies that professional<\/div>\n<\/div>\n<\/div>\n
\n
\n
options traders use all the time then<\/div>\n<\/div>\n<\/div>\n
\n
\n
you should check out the free options<\/div>\n<\/div>\n<\/div>\n
\n
\n
class that we’re currently running just<\/div>\n<\/div>\n<\/div>\n
\n
\n
go ahead and click the link that should<\/div>\n<\/div>\n<\/div>\n
\n
\n
be appearing now at the top right corner<\/div>\n<\/div>\n<\/div>\n
\n
\n
of your screen that will open the free<\/div>\n<\/div>\n<\/div>\n
\n
\n
registration page in a new window so you<\/div>\n<\/div>\n<\/div>\n
\n
\n
won’t lose this video don’t worry<\/div>\n<\/div>\n<\/div>\n
\n
\n
or you can just head on over to options<\/div>\n<\/div>\n<\/div>\n
\n
\n
class comm to register for this free<\/div>\n<\/div>\n<\/div>\n
\n
\n
intensive workshop it really is a rare<\/div>\n<\/div>\n<\/div>\n
\n
\n
opportunity for retail traders and<\/div>\n<\/div>\n<\/div>\n
\n
\n
investors to learn directly from Wall<\/div>\n<\/div>\n<\/div>\n
\n
\n
Street traders but that’s exactly what<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’ll be getting through this free<\/div>\n<\/div>\n<\/div>\n
\n
\n
online workshop so click the link to<\/div>\n<\/div>\n<\/div>\n
\n
\n
sign up now and don’t miss it and please<\/div>\n<\/div>\n<\/div>\n
\n
\n
don’t forget to click on the subscribe<\/div>\n<\/div>\n<\/div>\n
\n
\n
button right now so you won’t miss the<\/div>\n<\/div>\n<\/div>\n
\n
\n
next episode of huge options trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
blunders and all the other free trading<\/div>\n<\/div>\n<\/div>\n
\n
\n
videos that were posting constantly on<\/div>\n<\/div>\n<\/div>\n
\n
\n
our channel to help you to improve your<\/div>\n<\/div>\n<\/div>\n
\n
\n
game as an options trader<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
<\/div><\/div>\n<\/div>\n<\/div>\n

\"\"<\/a><\/p>\n

* no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

Continuing our Huge Options Trading Blunders Series, in this video we drill down into the reason why hopping from one options strategy to another, is a losing practice which will result in sub-par results for the serious options trader. We explore in this video exactly why that is the case with a vivid example of exactly how this counter-productive process … Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":49639,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-49638","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nHuge Options Trading Blunders: I'm switching to the options strategy that\u2019s CRUSHING it (episode 6 | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/huge-options-trading-blunders-im-switching-to-the-options-strategy-thats-crushing-it-episode-6\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Huge Options Trading Blunders: I'm switching to the options strategy that\u2019s CRUSHING it (episode 6 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Continuing our Huge Options Trading Blunders Series, in this video we drill down into the reason why hopping from one options strategy to another, is a losing practice which will result in sub-par results for the serious options trader. We explore in this video exactly why that is the case with a vivid example of exactly how this counter-productive process ... 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