To turn in profit trading options on a consistent basis, you should follow a methodical plan. Write it down in detail and ensure you always stick to it.
There are many platforms filled with current trading tips. There are even some designed for traders to discuss and advice one another. Though the idea for such platforms may be noble, it can do a lot more harm than good to your success.
When executing trades, avoid any discussions with other traders. Opinions that contradict your strategy will only cause you to second guess your strategy and make trading stressful.
This is the quickest route to losing money. Once you’ve set a plan, follow it even if a trader you respect plans to sell when yours says you should buy.
Ensure that you monitor and record every trade that you make. Take time to do thorough reviews weekly and monthly. After a month or so, you can make adjustments to your trading plan based on your observations.
The daily reviews should not be skipped as they are a way to see if you deviate from your strategy.
As a trader, failing to plan is indeed planning to fail. Develop your trading method and stick to it. The only changes you make to it should be prompted only by your experience executing it.