Read one book per month

There really is so much to learn when it comes to options and you need to be an avid reader and learn as much as you can. One thing I aimed to do when I was starting out was read one book per month. You could also aim to read a couple of educational articles on the web each day as well. Sites like Seeking Alpha and Stock Twits are great and of course Options Trading IQ as well!


Have realistic expectations

One problem for many beginners is they get sucked in by the big numbers some people are promising. The reality is, you will likely struggle for the first couple of years with very inconsistent returns. Trading is hard work! It takes lots of discipline, knowledge, planning and a good system.


Learn about stocks first

In order to become a successful option trader, you need to learn about stocks first. You need to understand the various factors that move a stocks price such as earnings announcements, GDP releases and other economic factors. It is vitally important to learn how different stocks perform in different market environments before you can start successfully trading option