Walk Away From The Computer

Lifestyle dictates much of your trading personality. No matter what your risk tolerance or experience, the time you spend trading needs to fit your work/life schedule. Fortunately there are opportunities that don't require constant attention.  A well thought out disciplined trading plan using options frees the chains to your computer and puts you in position for long term success.   

Unless you want to be an active trader, it is easier to be disciplined with a more lengthy time horizon. The websites that send alerts which require immediate action to either get into a trade or get out to prevent a catastrophic loss often reinforce wrong, reactionary decision making.

Too much focus is placed on minute by minute economic data or political policy implications on the markets.  This hyper information society has increased price volatility and hampered trading discipline.

Step back and look at the larger overall trends.  Options give you the staying power to see how things develop over many months to achieve your financial goals.  This type of investing allows you to evaluate positions on a weekly basis and not be forced to make snap judgments that are often wrong because of emotional decisions.

Plan Your Trade and Trade Your Plan

Watching investments closely does not increase success. Often times it is detrimental because a well thought trading plan may not be executed because of personal opinion.  The right option strike and the right amount of time let you manage volatility and have "enough time to be right".