GM Sober talks about options on November 16
The most important thing in trading is money management
Money management is used to prevent big losses
It’s even used to save lives.
Fund management is to prevent accidents from happening:
One is that continuous losses occur under the premise of maintaining transaction consistency (because profits and losses come from the same source).
On the other hand, under the premise that the consistency of transactions cannot be guaranteed, what should be earned is not earned, and what should be lost is caught up (because of execution ability).
Different trading parties require different fund management methods:
Long-term long vega or long + delta relies on controlling the loss amount of a single target.
Short-term long gamma or short gamma depends on controlling the loss amount in a single day
Intraday swings rely on controlling the trading frequency of a single trading session.
Why do accidents always happen?
Because we are humans, not gods
Can't predict the future
No one knows the short-term rise or fall
What if you can prepare in advance?
Good money management is enough
