The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to be answering the question, “Is trading really profitable?” I think the short answer to this question is of course, yes, trading is profitable, but it’s profitable for those people who frankly just stick with it and have a system in place. We hear all the time this quote that’s thrown around which is that 90% of traders lose money. I don’t think that’s actually true. I think that 90% of traders actually just quit before they’ve given it enough time to let the numbers work themselves out. We talk about this all the time here at Option Alpha, the fact that if you want to be successful trading, you can’t whimsically tiptoe into this. You have to treat trading like a business. You have to find an expected probability edge or an expected outcome that you can take advantage of in the market. In our case for Option Alpha, it’s premium selling, it’s implied volatility and the over-expectation that we see i