Is options trading risky? There are no risky investments, only risky investors. This statement means that if you can control your fear and greed, you have a shot at winning big with options.
The most important rule of trading options is never to rely on the income it produces. Your emotions will affect your decisions as soon as you become dependent on the outcome.
It's best to put yourself in a position where your "options money" is optional. I use options to add some "wow factor" to my weekends with my family.
I trade long strangles because I can profit whichever direction the stock market chooses. With a bit of patience and the right mindset, you can turn options trading into your own personal lottery. Good Luck!
