Stock trading has become increasingly popular over the past few years. With the ongoing COVID-19 pandemic and more people spending their time indoors, many have turned to trading. However, like any other business, success as a stock trader is not easy. The highly volatile nature of the stock market requires you to be on your toes, staying up to date with the latest in the industry.
According to Anthony DeGalbo who is an experienced educator in the industry, one major obstacle that weighs most traders down is the “get rich quick” mentality. He notes that success requires patience, consistency, and dedication. However, many people, especially the younger generation, view success as something that is supposed to happen overnight which can often times lead to wrong decisions that can negatively affect their trades.
To help other traders strive for success in the stock market, Anthony created his business OnlyOptionsTrades. Based in Tampa, Florida, OnlyOptionsTrades is an online education platform focused on educating younger generations about the stock market, specifically option trading. The group hosts live classes teaching various topics that include option greeks, candlestick patterns, and psychological trading.
The team at OnlyOptionsTrades explains that it takes a lot to succeed in stock trading. From the technical analysis involved in finding profitable trades to the psychological aspect of controlling your emotions, there are many things to be considered. All this narrows down to your understanding of the stock market and having the proper mindset.
Together, OnlyOptionsTrades supports other traders by sharing the skills and knowledge they have accrued over the years and through trial and error of their own. They focus on teaching traders how to maximize their profits by explaining risk management and strategies to minimize losses.
Among the factors that allow OnlyOptionsTrades to stand out is their emphasis on providing quality education. More than just profits earned, OnlyOptionTrades focuses on helping their members become consistently profitable. They are offering their experience to help traders understand the market and increase their knowledge on trading.
The most unique benefit of OnlyOptionsTrades is that they host live classes five nights a week on a consistent schedule. In the classes they discuss tips and strategies every trader should know in detail while sharing some of the lessons they have learned along the way.
“As a trader, your trading plan is vital,” says Anthony, “It will highly determine your success in the stock market, guiding you on your next move.” OnlyOptionsTrades recommends testing a trading idea before risking your money as it will help you learn how viable it is. Anthony also adds the importance of protecting your trading capital and not letting emotions impact your decisions.
With every trade, there are losses and gains. “Success in the industry is dependent on your ability to maximize profits and reduce losses,” says Anthony. However, everything won’t go according to plan every time. He advises traders to take time in between trades and reflect on what they’ve learned from their previous trades as it will help them make more calculated decisions in the future.
In an ever-changing industry, Anthony and his team are redefining the stock market. They are keeping stock traders up to date with the latest news while helping novice and experienced traders scale their ventures. Looking into the future, OnlyOptionsTrades aims to help more people by sharing valuable tips through their online training program.