The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online
#91 - Unlimited Profit Potential Is Code For Low Probability Of Success
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:06:22
- More information
Informações:
Synopsis
Hey everyone, welcome back and this is Kirk here again on the daily call. Today’s daily call, I want to talk about this concept of unlimited profit potential which is really a code for low probability of success. I really love this concept. I think if you understand this concept that I think a lot of people when they get introduced to trading or introduced to investing, they really understand this concept. They understand why a lot of people lose money. A lot of people lose money in investing or it doesn’t have to be necessarily options trading, but just investing in anything. I think lottery tickets in this case is like the classic example where there’s this huge upside potential, but a very, very low probability of success. People get sucked into this because they think about the upside potential, but they never factor in or they never look at the expectation of actually generating that money. Like what is the probability that I make that money? People pay in the case… The classic example of this obviously