Controlling What You Can
Update: 2025-09-09
Description
In this Options Jive segment, Tom and Tony discuss the importance of controlling what you can in trading while accepting what you can't. They emphasize that successful traders focus on controllable elements rather than worrying about unpredictable market movements.
Key controllable aspects include trade entry decisions (initial delta, strike selection, position sizing), risk management through defined risk strategies, and disciplined exit strategies. The hosts stress the value of the "law of large numbers" – making frequent, smaller trades to increase statistical success probability.
Key controllable aspects include trade entry decisions (initial delta, strike selection, position sizing), risk management through defined risk strategies, and disciplined exit strategies. The hosts stress the value of the "law of large numbers" – making frequent, smaller trades to increase statistical success probability.
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