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Chat With Traders

069: John Carter – How an Aggressive Trader Thinks, Uses Options and Made $1.4M on a Single Tesla Trade

Apr 21, 2016
01:07:46

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Focus on in-the-money options and understand their behavior rather than being drawn to cheap out-of-the-money options.
  • Keep technical analysis simple by focusing on key setups and using a few indicators, such as moving averages.

Deep dives

John Carter's Journey to Consistency

John Carter, an options and futures trader, shares his journey to consistency over the course of eight years. He experienced multiple boom and bust cycles due to taking on high risks and focusing on making a million dollars. After reading Mark Douglas's book, 'Trading in the Zone,' he learned the importance of patience and a probabilistic mindset. Carter advises novice options traders to focus on in-the-money options and understand their behavior, cautioning against being drawn to cheap out-of-the-money options. He also emphasizes the significance of identifying setups quickly and keeping charts simple with fewer indicators.

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