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 covering the four ways you can control your trading emotions. Again, I believe that there's only four ways that you can control your trading emotions and those four ways include the following. Number one, experience. I can't argue with the fact that if you've been in the market for any set amount of time, it gives you a little bit of an edge up the longer that you survive and watch and experience different market environments. I’ve been doing this now for over 10 years and so, I have a lot more experience than most people who are starting though I know that there's other traders out there who have traded longer than me. But the idea is that I've seen a lot of different setups occur in very similar fashions, in very similar industries and I've seen implied volatility expand really fast and contract really fast. I’ve seen markets go down fast, markets go up fast and things just trade sideways. An