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The Trade Busters
22 - Real Talk with Real Traders: Yiming Li
Aug 13, 2021
Yiming Li shares their trading journey and struggles, emphasizing perseverance over success. They reflect on significant losses, trading strategies, and the importance of realistic expectations. The podcast covers effective use of stop orders, market awareness, options trading strategies, and market analysis. Yiming Li discusses lessons learned, resilience, and supporting the trading community.
40:31
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Quick takeaways
- Proper risk management is crucial in preventing significant losses during challenging market conditions.
- Learning from past mistakes and adapting risk management strategies are key elements in enhancing trading approach and recovering from losses.
Deep dives
Yiming Li's Trading Journey and Learning Experience
Yiming Li recounts his trading journey, starting with learning about options in 2010 through his first job. He then delves into his transition to actively trading options in 2017 after following platforms like Option Alpha and Tasty Trade. Despite initial losses and two account wipeouts totaling $30,000, Yiming reflects on his struggles with risk management and overleveraging, leading to significant losses during challenging market conditions.
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Discover
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