Since 2018, Sean has served the financial community as Chief Options Strategist for All Star Charts, sharing his unique style of options trading, leveraging the best-in-class technical analysis offered by the All Star Charts research team.
In all endeavors, Sean has been consistent in building a support system around himself and for others that he wishes he had when he started out back in 1998.
I had a thought this morning while considering a few trades:
Maybe part of why I still struggle at trading sometimes is because there’s a part of me that really, really wants to follow an instruction manual to be successful.
In other areas of my life, that mindset serves me well.
I don’t know how to cook—but give me step-by-step directions, and I thrive. When we used to get HelloFresh boxes delivered, I crushed those meals. I followed the instructions, made something delicious and useful for my family, and felt like a total champ.
Following the instructions = success. I like that. I crave that.
But trading isn’t like that.
I can lay out a well-thought-out plan—how to select the trade, how to size it, how to manage it—and still lose money.
The market doesn’t care that I followed the recipe.
There’s no gold star just for executing cleanly.
And yeah, I know a successful outcome in trading is supposed to mean I followed my plan with discipline. I know.
But that doesn’t make a loss feel any better. Which leads to the uncomfortable question I’ve been sitting with:
I'm traveling to Toronto with JC, Steve, and the rest of the team in September. It only makes sense that I should continue adding Canadian exposure to my portfolio.
I wouldn't want to be an impolite guest, would I?
Today's trade is in a speculative Minerals Miner from Canada.