It’s always enjoyable to catch up with past guests and hear about their journey as it continues to unfold. That’s exactly what Chezz and I do in this episode with longtime community member “Mr. Bee”. If you’ve spent any amount of time in the chatroom, I’m sure you’ve seen Mr. Bee at work. He’s come a long way since our last conversation with him as he learns and masters more areas of the market. The one aspect of our talk that I found intriguing and personally beneficial was how he approached increasing his personal risk tolerance within various strategies. Risk tolerance is critical component of trading success and it was awesome to hear Mr. Bee’s perspective and experience with it. I hope you enjoy this discussion as much as I did. Let’s go!
Notes:
Today we reinterview community member Mr. Bee. After picking up where we left off in his last episode, Bee had continued to focus on trading advanced options. The important thing to remember is that he stuck to the strategy in both good times and bad instead of jumping around to different strategies.
A big turning point for him was developing the courage to trade ‘naked’ positions (all of which are explained in the course). Considering there are many mechanics to keep in mind when utilizing trading this way, Bee has always continued to try to learn more each and every month to get a better understanding.
Mr. Bee has leveraged speaking to other community members heavily in the past 4 years since he started trading. The ability to bounce ideas off of other members with no agenda can provide some real insight as to potential problems in a trade idea. More eyes is generally better than less.
As he continues trading into 2018, he fully accepts that he is a swing trader and wants to continue applying what he was taught even more often if the opportunities present themselves.
Quotes:
I really have a genuine interest in trading and options really opened that door up to me.
There were days that my PnL didn’t make sense. It takes you down the rabbit hole in regards of what you can learn about trading.
I butcher the order while changing it. I’m going long and this thing just starts bleeding to death. I took the loss. Had to do it.
You can make enough money trading options using very little money. That’s what led me here.
I’ve found a comfortable balance. I’m going to do a lot more charting in the evening since swing trading is my strategy.
