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Episode #81: Steve Hedge on Probabilities & Options Trading Methodology

Confessions Of A Market Maker

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The Dangers of Trading Options

JJ: Most of the criticism comes down to people don't put risk first and it can be dangerous. I lost 40 grand in one day, that was a wake-up call for me so then I had to change my strategy into okay I'm either trading too big or  it's not the right strategy at all. The industry is kind of stacked against you if you trade a certain kind of accountyou actually get something called risk-based margin which works on futures like span margin. JJ: You know most of the time I won't make money from the options decay because I don't want any directional risk because I don’t know what the market's going to do so

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