The Option Alpha Podcast 23: Overcoming The 3 Biggest Fears When Starting To Trade Options
Investing money can be scary (no doubt). . .
In this session of The Option Alpha Podcast I want to help you overcome the 3 biggest fears that people have when they start trading options. You see, as kids we were scared of all kinds of things; monsters, our siblings, "Dad" etc.
As adults now we still get scared and when we combine the "unknown" with our hard earned money it becomes a nightmare. If I were to ask most investors about options trading their default response would be things along the lines of "it's too risky" or "it's way too complicated".
But the honest truth is that these are excuses under the cover of fear; 3 in particular which haunt most new and experienced traders alike.
You could be going through these right now or have gone through them in the past. Regardless, I'll bet with 100% odds of success that you'll experience these emotions again in the future at some point.
Where's the good news Kirk? Right here because I'm going to help you get past these hurdles in today's show.
Fear #1: I'll Go Broke
Fear #2: I Need More Money
Fear #3: I'm Not Smart Enough