In this video, learn the psychological mindset of option buyers and sellers as explained by Master Trader and Dr. Alexander Elder, renowned trader psychology and author of the bestseller, Trading for a Living. Learn why Dr. Elder believes option buyers are the “gamblers” and option sellers are the more informed group because sellers of options have a defined edge every time.
Successful trading is all about finding high-probability setups, properly entering and managing them, and then having the discipline and patience to follow your trading plan.
In selling options and spreads around compelling chart patterns, we literally “get paid” for determining where a stock will not go.
In buying options – which is a time depleting asset, you must be right not only in direction but in time for performance to profit!
This stacks the odds in favor of option sellers — which Dr. Elder and Master Trader both agree with!
Master Trader combines Technical Strategies (MTS) with options trading to teach investors and traders how to generate income and wealth in the markets.
All of our trade recommendations are based on how bullish or bearish we are on the price patterns that we use on multiple time frames (MTF). We then choose either Income or Directional Option Strategies to best match our bias and trading time frame used.
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All the best,
Chief Options Strategist
Managing Director of Master Trader
Trading the Pristine Method — Origin and End
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