Become a better Trader
People ask themselves ‘How do I let my account size grow’. Instead, your focus should be on becoming a good trader, not on making money super fast.
If you learn to trade the market successfully, the money will follow and attract itself to you in increasing amounts as time goes on.
You truly need to focus on the trading successful not on the amount of money you could make. That is, if you want to have a chance at keeping your emotions at bay and obtaining consistent trading success as a result.
I can’t even tell you how many emails I get each week from people asking me questions like: ‘How much money do I need in my account to make $1,000 a month’, or any number of other similar questions that just totally miss the point of what successful trading is all about. I am not criticizing anyone for asking such questions, as most beginners simply do not know what it takes to succeed in the markets and have probably been fed lies and rumours by other Option websites that promise them the world but deliver little in the way of practical trading strategies and insight.
But, traders need to understand that in order to make consistent money in the markets they must first master a trading strategy like selling option premium, build a trading plan around it, manage risk effectively and with discipline, and not stray from these primary tenants of successful trading, if you can do these things you will see your trading account will grow slow but consistently. Trade small and realise profit. Create many small winners and it will If you don’t do these things you will be another member of the large pool of losing Option traders who refuse to stop thinking about getting rich overnight.