🏦 Top trading lessons from a Wall St pro

[Image] Hey trader, happy Wednesday! If everything goes to plan, we’ll be launching the Daily Strike Report next week. Until then, we wanted to share Wall Street pro Jeff Zananiri’s outstanding guide… To the biggest lessons he wishes he knew when he first started out trading over 25 years ago! Also – don’t forget to [subscribe at no-cost to Jeff’s Money Calendar here]( For a heads up on the biggest trading catalysts Jeff’s looking at for the coming weeks! Alright, enjoy this incredible piece from Jeff! Pro Tip Time: 9 Indispensable Trading LessonsI Wish I Knew on Day One I've been trading options since 1998. And over my two decades of professional trading, I’ve realized what I need to do to profit consistently. But I’ll let you in on a little secret … that wasn’t the case in the beginning. You see, when I first started, I was probably just as eager and curious as you are now. But after going through the gauntlet on Wall Street, I've seen everything the market can throw at me — the good, the bad, and the unexpected. By dealing with these hurdles throughout my career, I learned some critical trading lessons that changed my life. Still, I wish someone had pulled me aside on my first day in the markets and forced me to internalize these rules. That’s why I want to pass these secrets down to you. So, sit back, relax, and let me share nine indispensable ‘pro tips’ that I wish I had known when I first started trading… 1. Start with the Basics and Master Them Options can seem pretty complicated at first. It's like learning a new language. But don't get overwhelmed. I’m here to help. Before you jump into exotic strategies (like iron condors and jade lizards), make sure you understand the basics (like calls, puts, strike prices, expiration dates, implied volatility, etc.) Knowing these concepts as an options trader is as important as knowing your ABCs as an author. Out of all the individuals doing various jobs, tasks, and hobbies worldwide … only a tiny portion of them will become true masters at their craft. But I want you to be part of the tiny minority that does. 2. Respect the Risk Options can be a great way to make money, but they can also make you lose money ... quickly. Remember that with great potential reward comes great risk… I saw so many traders come and go on Wall Street because they couldn’t handle their risk management. However, if you’re disciplined, it’s not exceedingly difficult to manage your risk. Here’s what to do: Never put all your eggs in one basket, size your positions carefully, and always be prepared for the unexpected to happen. 3. Have Patience and Perseverance I've seen traders make quick decisions and blow up their accounts. Don't be like these guys. Be patient. Wait for the right opportunity. Sometimes, sitting on the sidelines and doing nothing is the best move. Additionally, if you think you’re gonna become a millionaire overnight … forget about it. To make it in the options market, you need to harness the perseverance that the 90% of traders who lose, don’t have. 4. Stay Updated Markets change. New events happen every day that can influence stock prices (think about the FOMC meeting last week and how drastically the market reacted). Read financial news, follow the trends, and always keep studying the markets. And track commodities, interest rates, and geopolitical events to help you identify macro trading trends. Think of it like this… Would a boat captain head into an unknown ocean without checking the weather before he heads out? Treat your trading similarly — you want to be prepared for anything the market throws at you. 5. Learn from Your Mistakes (But Don't Dwell on Them) Everyone makes mistakes, even veterans like me. However, all the great traders I know identify and learn from their mistakes. Instead of feeling down, ask yourself: "What can I learn from this?" Then, move on. Don't let one bad trade stop you from making ten good ones. The worst thing you can do is allow a loss to shatter your confidence. 6. Don’t ‘Tunnel-Vision’ the Numbers Options trading isn't just about math. It's also about understanding human behavior. Why? Because people buy and sell stocks and options. And guess what? People are driven by emotions, like fear and greed. So, do your best to get in the heads of other traders, institutions, and market makers. Try to understand what they might be thinking during a particular trade, and you may find it gives you a better big-picture view of your own setups. 7. Build Relationships Trading is an individual sport, but that doesn’t mean you shouldn’t build relationships with other traders. Quite the opposite. By harvesting a community of like-minded trading friends, you can get multiple opinions on your ideas and theses. Share insights, discuss strategies, and learn from one another. I’ve met a lot of great traders over the years, even having the pleasure of trading alongside Wall Street legend, Ace Greenberg. Ace taught me a lot. And now, I have the pleasure of passing that knowledge (and much more) down to you. REMEMBER: Even though trading is mainly a solo endeavor, that doesn’t mean you can’t get help. We're all in this together. 8. Stay Calm Under Pressure Wall Street can be wild. Some days will feel incredible, and others ... well, not so much. But remember to stay calm, even when things get tough. Panicking won't help, but some traders crack under pressure. You can’t let this happen to you. During the dot-com crash, I saw traders literally lose their minds — and their money — in the blink of an eye. But if you’re prepared and do your homework, this should never happen to you. Avoid panicking. Take a deep breath, reassess, and make your move. 9. Set Realistic Goals Ask yourself: “Why am I trading options?” Maybe you want to make some extra cash, or maybe it's a potential full-time career for you. Whatever it is, set realistic goals that are clearly defined and measurable. Instead of a vague goal like "make $1 million," work towards practical milestones. (Example: “I’ll make 20% profit on a total of ten or less trades this month.”) Closing Thoughts By taking these rules to heart and enacting them into your game plan, you can potentially avoid the pitfalls that face many newbie traders. I’m telling you these things because I wish I knew them when I was first starting… So, go ahead and write these lessons down. Pin them to your desk until they’re so ingrained in your psyche that you’re reciting them in your sleep. Who knows, you just might become a better trader by doing so.   66 West Flagler Street STE 900 Miami, Florida 33130 United States [Click Here to Unsubscribe]( **Our gurus teach skills others have used to make money. 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