Trading Losses (How to Cope): Options Trading & Stock Market Trading

Trading Losses (How to Cope): Options Trading & Stock Market Trading
    Watch the video

    click to begin


    Trading losses. David Jaffee with where I earn a million dollars a
    year by trading options you can go to and enter in
    your email address to receive over $400 worth of free trading materials. Today
    we're going to talk about the emotional toll and the emotional stress that goes
    along with trading and I know that on many of my videos there's a pre-roll
    with Jason Bond and some other criminals who tell you that they are killing it in
    the market and they earn like 200% a year. These guys don't even trade but if
    you want to believe them and you believe that it's extremely easy to use
    three chart patterns or to use technical analysis and that this will enable you
    to be a profitable trader consistently then I definitely welcome you to
    purchase their program and then find out for yourself based upon your own
    experience. What I can tell you from from working as an investment
    banker, for trading for the past 20 years (25 years almost) is that you're going to
    have ups and downs when trading. You are going to have substantial emotional tolls
    when you sustain a loss. Before February of 2018 I was profitable
    for around 20 straight months, that's a pretty incredible streak I didn't have
    any losing months in 2017 and I think my last
    loss was in like 2016 and so you know I kind of got a little bit used to that
    and perhaps I took it for granted but I can tell you that in the middle of
    October of 2018 which is where which is the date that I'm currently filming this
    this past week was a little bit treacherous and I lost a few hundred
    thousand dollars and for me or having 25 years experience by making
    thousands of trades every single year I can even tell you that I start getting a
    little bit depressed I started you know not wanting to deal with things. I'm a
    little bit slower in the way that I handle things my thinking is not as
    positive and this is a situation that I've been in before like I have complete
    100% certainty that I'm gonna make all that money back. In fact actually made
    money on Thursday and I made money on Fridays so this past week which was one
    of the worst weeks that we've had in about eight or nine months on a net
    basis I'm only down like a few percent in my account but when you're going
    through it you don't know that the market is gonna turn around and you just
    look at your account and you see that the hard-earned money that you've made
    is going down like you're losing money and that's a that's a
    really horrible feeling and I think that's one of the reasons why I rail
    against these fake gurus because they tell you that it's extremely easy they
    tell you and they almost promise you that you're gonna make consistent income
    and that every single one your rates are gonna be profitable but when you day trade (daytrade)
    when you use technical analysis not only are you not going to make money but
    you're gonna buy bullshit product and then you're going to end up losing all
    your money because the strategy that they teach you is not consistently
    profitable but even with a strategy which is consistently profitable selling
    option premium you're still going to have to weather the ups and the downs
    and I can tell you that from my for my trade alert students I lost, I didn't
    lose that many, but I lost a few of them on Wednesday because they sustained
    relatively large losses and they just told me that they couldn't deal with the
    emotional baggage that goes along with paneling losses and that's something
    that that goes along with experience I can tell you that some people end up
    getting depressed they sleep they start thinking more slowly they get a little
    bit angry and that's something where - Look success is not easy whether you're
    doing this, you're doing real estate you're doing this as a side hustle
    you're trying to make extra money, you're vlogging you're driving traffic
    to your website anything that you do you're going to have hurdles and if you
    are not okay with overcoming those obstacles then I'm sorry like maybe
    trading is not for you. I feel completely confident telling you that
    because I know that selling option premium is the only way you are
    going to make money and even when you're going to be profitable on 95%
    percent of your trades there are going to be situations like that happened this
    past Wednesday and Thursday where the market Falls like six percent and one in
    two days and if you are not able to overcome that then I don't believe that
    you have what it takes in order to be a successful and profitable trader
    That's just what it comes down to and whether you're trading verticals or your
    trading naked options. It really doesn't matter because at least when you're
    trading naked options you have the ability to then turn that into a
    vertical to increase your buying power during the one or two times a year that
    we have a major sell-off and it's extremely easy to roll and manage that
    position and to reduce the size and when you're trading vertical is you're
    pretty much locked in and you're going to sustain that loss because you're
    going to have to roll forward that lower price put option and buy that put option
    when volatility is spiking and when those put options that you're purchasing
    are extremely expensive, right? And that's something that instead of
    rolling over the position and using that credit to reduce the size of
    that position instead when you're trading verticals you're going to be
    using that money for the time value of the premium in order to buy the lower
    price point option so remember there definitely is an emotional toll that
    goes along with trading and there's no easy money and that's what these fake
    gurus are trying to tell you that there is easy money but there's not even when
    we win 95% of our trades it is pretty stressful and on Wednesday I did lose a
    few students not that many you know like 99% of them stuck with me
    but I did have a few can cancellations and remember that when you have
    people like like David Einhorn or Bill Ackman and they're down like 10 or 15
    percent on the year those guys are brilliant they have
    access to every one or every single resource and they don't make money every
    single year we make around 30 to 70 percent a year and you think that
    Timothy Sykes is up like 250 percent a year I mean come on the guy's a criminal
    he deserves to be in jail but the main point of this video is that there is a
    major emotional toll that goes along with trading and having trading losses and you experience that if
    you're trading options or trading anything this past week and that's
    something that you're going to have to that you're going to get better with
    experience but you're going to have to teach yourself to weather that storm so
    I made a few notes realize that success is not easy there's going to be ups and
    downs I was up 20 straight months prior to February of 2018 I think that that
    was a little bit of a non-recurring event like I think that that was an
    outlier I don't expect to have to be profitable 20 consecutive months
    indefinitely in 2018 there's been more volatility in the profitability on a
    month-by-month basis losing socks that can lead to things like you know being
    depressed being upset and etc I think that the biggest takeaway is that you
    have to be prepared for trading losses. Trading options is an extremely easy way for you to parlay
    either you know if you have a relatively large amount of principal like $200,000
    $200,000 you can easily live offer your income that you make by
    selling option premium pretty easily just manage your expenses don't buy dumb
    stuff and if you have around $200,000 you could easily live off the income
    that you make now if you have less money which is completely cool then you're
    going to have to use trading options as your "side hustle" you can look
    at it as a way to supercharge your earnings so you're working real estate
    you're working a nine-to-five you're working a side hustle you can then trade
    options for about 10 or 15 minutes a day and
    juice that baseline revenue or they are juice that baseline income from 30 to
    70% every single year so that you have ways of increasing your income on an
    annual basis but the mean takeaway from this video is that you have to be
    prepared and you have to take control over your own destiny one of the reasons
    why I started trading options and why I'm so keen on teaching other people to
    think for themselves is that when I started working as an investment banker
    and when I graduated from Cornell and then I started
    working as an investment banker and also I was promoting nightclubs
    I threw so much stuff on my plate that I became very anxious and very depressed
    so instead of dealing with those issues by myself I went to a psychiatrist who
    start taking anti-anxiety medication and antidepressants and that was one of the
    biggest mistakes that I made because my mind has still not made a full recovery
    from that where I was before I started taking those medications my memory is
    not as good my verbal communication ability ability is not as good as it was
    now yes have I need like a 95 percent recovery I have but the reason why I'm
    telling you this is that you have to know yourself well enough to acclimate
    yourself and make decisions that are best for you. If you believe that
    sustaining a relatively large loss like we sustained in February 2018 and this
    past week is going to put you out of commission for two to three weeks then
    maybe you shouldn't treat it now even though you're a hundred percent certain that
    you're going to make that money back right if going through that moment
    is going to paralyze you and you're going to get incredibly depressed and
    you're gonna lose confidence then I don't recommend that you trade because
    trading options is the only and selling option premium is the only way you're
    gonna make money and if you can't stand to win ninety five percent your trades
    but the five percent of the losers end up overwhelming the confidence that you
    have when you win ninety-five percent your trades and trading is not for you
    so this is David Jaffee with if you have any
    just let me know please like comment share subscribe click the little bell
    below this video I answer everyone's comment if you have any questions I'm
    here to help you and you can go to and receive free training if
    you want to instantly become a successful and profitable trader you can
    sign up and become a membership student that's probably my best product that and
    the education course I mean those the only two products that that on that I
    offer but the alerts are amazing yeah I love that I love interacting with my
    students so you have any questions I'm here to help you thank you
    PTV News Report on Prime Minister Imran Khan at Inauguration Ceremony of Deli JW Glass Manufacturing Complex Islamabad (25.10.18) #PrimeMinisterImranKhan #CPEC Prime Minister Imran Khan says the government will remove all the obstacles in the way of investors in the country. He was addressing inaugural ceremony of Deli-JW Glass Manufacturing Complex, a Pakistan-China joint venture in private sector, in Islamabad on Thursday. The Prime Minister said the government will ensure ease of doing business. He said investment in Pakistan will be encouraged, which will help generate employment opportunities and alleviate poverty. Imran Khan said Pakistan wants joint ventures in private sector and establishment of Special Economic Zones and transfer of technology under China-Pakistan Economic Corridor. He expressed hope CPEC will prove a base to build future relationship between the two countries. The Prime Minister said he is looking forward to going to China next week to further strengthen trade and economic bilateral ties. He said the government will also bring foreign investment to the country for its housing project of constructing five million affordable houses for people. Earlier Speaking on the occasion, Chinese Ambassador Yao Jing said Deli-JW Glass Manufacturing Complex is the beginning of joint ventures in private sector between the two countries. He said the Chinese leadership will encourage similar business ventures between the private sectors of the two countries. He said Chine would like to be a partner in a brighter Pakistan tomorrow. He said the Chinese leadership looks forward to Prime Minister Imran Khan's visit to China next week. وزیراعظم عمران خان نے کہا ہے کہ حکومت ملک میں سرمایہ کاروں کے راستے میں حائل تمام رکاوٹیں دور کرے گی۔وہ جمعرات کے روزاسلام آباد میں DELI-JW گلاس مینوفیکچرنگ کمپلیکس کی افتتاحی تقریب سے خطاب کر رہے تھے جو نجی شعبے میں پاکستان اور چین کا مشترکہ منصوبہ ہے۔وزیراعظم نے کہا کہ حکومت کاروبار میں آسانی یقینی بنائے گی۔ انہوں نے کہا کہ پاکستان میں سرمایہ کاری کی حوصلہ افزائی کی جائے گی جس کے نتیجے میں روزگار کے مواقع پیدا کرنے اور غربت کے خاتمے میں مدد ملے گی۔عمران خان نے کہا کہ چین پاکستان اقتصادی راہداری کے تحت پاکستان مشترکہ منصوبوں، خصوصی اقتصادی زونز کا قیام اور ٹیکنالوجی کی منتقلی چاہتا ہے۔انہوں نے امیدظاہر کی کہ سی پیک دونوں ملکوں کے درمیان مستقبل میں تعلقات کے فروغ کے سلسلے میں ایک بنیاد کا کردار ادا کرے گا۔انہوں نے امیدظاہر کی کہ وہ آئندہ ہفتے چین کے دورے کے منتظر ہیں تاکہ دوطرفہ تجارتی اور اقتصادی تعلقات کو مزید مستحکم بنایا جائے۔انہوں نے کہا کہ عوام کیلئے مناسب قیمت پر پچاس لاکھ گھروں کی تعمیر کیلئے بھی حکومت ملک میں غیرملکی سرمایہ کاری لائے گی۔چین کے سفیر یاؤجنگ نے اس موقع پر خطاب کرتے ہوئے کہا کہ DELI-JW گلاس مینوفیکچرنگ کمپلیکس دونوں ملکوں کے نجی شعبے کے درمیان مشترکہ منصوبوں کا آغاز ہے۔انہوں نے کہا کہ چینی قیادت دونوں ملکوں کے نجی شعبوں میں ایسے کاروباری منصوبوں کی حوصلہ افزائی کرے گی۔انہوں نے کہا کہ چینی قیادت اگلے مہینے وزیراعظم عمران خان کے دورئہ چین کی منتظر ہ Latest @BleacherReport This Is How Rockets Could Actually Trade Four 1st-Round Picks for Jimmy Butler The Saskatoon Blades — who are heading to Alberta for a three-game road swing — traded away Logan Christensen to the Medicine Hat Tigers Today has been a tough day from the jump. Not feeling good at all, transmission in the firetruck is acting up. Got a call from a mother that wanted me to take her daughter for a ride because she is scared she would not be around past the weekend! It was just her and I in the firetruck and she stared right off with this... Dave I poop my pants and i said Ellie I do also. She said WHAT and I told her that I had not been doing so well and she said we need to get shirts that say Captain of the poop club, I said to her that was a great idea. We talked about everything and I mean everything. She was full of questions and I tried to be full of answers. I was late to pick her up because I was late leaving the doctor. She told me that we could not be an item because I did not value her time! WHAT, did a 8 year old just say that to me and then I explained why I was late and then she gave me a free pass. She asked me if God gave me one wish what would it be and I immediate told her that I would use it to trade places with her. She sat there for a moment and then told me that was very sweet, but she was ready to go and get out of her old body. I asked her what her wish would be and she said to kill the beast called cancer. I leaned that age has nothing to do with wisdom and she has a ton of it. We drove around honking at people and laughing and she told me one other very profound thing. She said you need to be friends with people that want to be your friend, not only when it is good for them. She said when you find that you have someone that is just there, maybe you should look for a new friend to invest time into and hopefully they will invest back into you and not want to be your friend because you can do something for them. I told her thank you for her wisdom and she told me thank you for my love. She told me that I was her true friend because I would poop my pants for her lol and I would. Take time to be with people that want to be with you and not people that you are no a big deal in their life. I hope that when you rise and wipe the sleep from your eyes, you know that someone loves you and that you never feel alone. Love David A2J ‪Speaking at the Australia needs a pay rise rally in Bendigo. Bendigo workers & their unions standing for a #FairGoForAll and to #changetherules ‬ETU - Electrical Trades Union of Australia, Victorian Branch AMWU Victoria United Voice Victoria CPSU - Community and Public Sector Union AWU - Australian Workers' Union Trymaine Lee talks to Tennessee farmers about how the president's trade war is hurting their business. random story/anecdote that is intended to be a thinly-veiled sales pitch for my spiritual services. so i'm a sorceress by trade in addition to being a writer, artist, adult voice actress, and shenanigan-cracking socialite and all that. i've been practicing magic for basically all of my life and my skill areas are money, seduction/glamour, domination/exorciating magic, and talking/working with spirits, esp. the dead. i use magic all the time and i was doing it before it was trendy or cool, tbh. anyways, a client/friend had an issue with a white woman, we'll call her Pressed Petunia, who consistently refused to mind her own damn business and shot off at the mouth a bit too much, right? so i was like yo, lemme toss a couple of cards, hit my dice, and crack out my toolkit, 'cause I know how to make this problem go away. and I did. not a single word since. it's been 3 months and suddenly, cat got her tongue 🤷🏽‍♀️ wonder why? 🤔😎☺️ there are three morals/points to this story that you should walk away with: (1) i'll make rancid white people be quiet at-cost, issa labor of love, all you gotta do is buy the livestock tongue. (2) if you fuck with people i love repeatedly and viciously, you best believe you'll find your way to my altar with a swiftness. and lasting effect. (3) i'm an equally baller prosperity sorceress-wench, with the added benefit of high priestess status, so sign up now and come on down to get your Juno Jar petition today and see what magic can do for you! 😂 This is not the time for the Cleveland Indians to trade Corey Kluber: Tribe Take
    How to Trade Options: Beginner's Introduction to Trading Stock Options Strategies (Tutorial) GETTING A JOB IS FOR LOSERS - LESSONS WITH ROBERT KIYOSAKI, RICH DAD POOR DAD Float Tanks: How Being Completely Vulnerable Helps Alleviate Anxiety, Stress and Fear Schools RUIN Our Children's Future & are Psychologically Harmful Invest In Real Estate With No Money: What Is A Lease Option Quants - The Alchemists of Wall Street - Docu - 2010 ABUNDANCE Affirmations while you SLEEP! Program Your Mind for WEALTH & PROSPERITY. POWERFUL!! The mathematician who cracked Wall Street | Jim Simons The 10 Most Common Mistakes Made by Covered Call Writers A look inside hedge funds