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#339 - Losing Too Much Money Trading? Solve This 1 Problem First

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Synopsis

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to help answer this question and that is – If you’re losing too much money trading, you need to solve this one problem first. I truly mean that it's one problem. You only have one real major issue when it comes to trading and that trading problem that you need to solve is better order entry and that's truly it. Now, that encompasses a lot of things, so I don't want to oversimplify and say, “Hey. You just need to make better entries.” That encompasses a lot of different aspects which I can quickly touch on. But the idea here is that if you are doing a bad job trading and you’re losing money, it's probably because you're just flat out entering the wrong trades. Now, I see this a lot because the concept here is that better order entry saves you from having to do all the other things that you are probably doing right now and it allows you to focus on the most important, biggest leverage item that you can