Options Trading for Income with John Locke for May 12, 2014

John LockeGuest Blog, John Locke, M21 Trading System, Options Education, SMB Options, Trading Ideas, Trading Lesson, Trading Psychology, Trading Theory1 Comment

No relevant positions Risk disclaimer ALL of the May expiration sample TRADES on the website have been closed at a HEALTHY PROFIT.  Be sure to watch this replay of Option Trading for Income Weekly Update for the RESULTS! John LockeBe sure to visit our trading blog: www.lockeinyoursuccess.com And check out this video: http://www.smbtraining.com/blog/yeste…

The Angry Trader Guy

BellaTrader Development, Trading Psychology1 Comment

On our trading desk there was a sudden bang, cuss word, and then chair slam.  The chair slam is when a trader pushes his chair back into its place with intentional over-velocity. I find this is an underused outburst of trading frustration. It’s better than the hand bang as that can lead to a hand break. A new trader had … Read More

Excellence vs. Perfection

John LockeGuest Blog, John Locke, M21 Trading System, Options Education, SMB Options, Traders Ask, Trading Ideas, Trading Lesson, Trading Psychology, Trading TheoryLeave a Comment

I see too many people beating themselves up for not being perfect traders. That’s really sad because being a great trader and achieving the gains you desire isn’t about trading perfectly. In fact, expecting perfection often delays progress for years. When I talk to the most successful traders I know, they call their trading a culmination of errors that usually … Read More

If Trading Stresses You Out, Change Your Perception

John LockeGuest Blog, Health and Trading, John Locke, Options Education, SMB Options, Trader Development, Trading Ideas, Trading Lesson, Trading Psychology, Trading TheoryLeave a Comment

I see it all the time, income traders battling a trade at any cost. Sitting there hour after hour, day after day completely stressed out; using too many resources and taking on way too much risk just so they can win. It’s as if their life depends on winning the trade. This usually happens because the trader is attaching some … Read More

Your Beliefs Are Your Reality, Choose Them Wisely

John LockeGuest Blog, Health and Trading, John Locke, Options Education, SMB Options, Trader Development, Trading Lesson, Trading PsychologyLeave a Comment

I was answering some questions at a trading seminar a while back and a trader stood up and said, “It’s impossible to average more than 12% per year on a portfolio”. I said “OK” and went on to the next person. After all it wasn’t a question so what else was I to say. Apparently, I missed something because he … Read More