【2023.8.30】Option Jack: Senior Trader of 36 Years Shares Personal Experience! How to 'Consistently Make Money' in the Stock Market?

Guest Introduction

@Option Jack

• 36-year veteran investor

• Full-time options and futures trader

• Bestselling author of '30 Years of Trading the Stock Market' and 'The Day Without Trading'

Timestamp

0:00 - Trailer

5:10-Jack Sir Trading Practical Share ( $Tesla (TSLA.US)$ + $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ )

12:25 - Most memorable trading experience (most profitable / most losing)

15:55 - 2 techniques to determine the transition between bull and bear markets, market 'tops and bottoms'

19:10 - 3 'ways of survival' in the stock market summed up over 36 years

23:14 - Secrets and trading methods for 'continuous profitability'

27:23-Jack Sir's advice to options trading beginners

31:07-Analysis of the pros and cons of Long Side and Short Side in options trading

36:44-The 3 most important details in trading options

39:44-Q&A segment

Key Highlights

• Trading based on 'market sentiment' helps 'sustain profitability'

• Techniques to determine market tops and bottoms:

1. Pay attention to market sentiment (through implied volatility);

2. Based on the length of bull and bear cycles.

• Jack Sir's trading 'survival tactics':

1. Set a stop-loss, control the number of positions opened;

2. Individual stock positions should not exceed 30%;

3. Share your buys across different trades.

• Notes on options trading:

1. Time value decay;

2. Spread fluctuations;

3. Targets and stop-loss levels.

• Many investors claim to be 'value investors', yet they continue to hold on to losing positions without setting stop losses. In fact, this is incorrect. Investing requires setting stop losses, and speculation should also involve setting stop losses.

Describe a trading career of more than 30 years in three sentences:

1. Trading is a martial art for oneself, others will not understand.

2. Never say you must win this time.

3. Never trade to recover from the last loss.