The Business of Trading Blog


After Further Review

Reviewing trade exits is essential, as hindsight reveals missed opportunities. Over ten months, directional calls or puts proved most profitable. Managing expenses is crucial; without tracking, trading resembles gambling. Good decisions stem from personal analysis and experience.

The Five Percent Solution, Revisited:

Many traders remember the first time they read The Five Percent Solution. The idea was simple: if you can keep your emotional temperature low, your expectations realistic, and your execution steady, you’ll outperform the vast majority of market participants. The post argued that trading success isn’t about brilliance — it’s about consistency, self‑control, and staying…

Sit Tight, Strike Hard: The Perfect Options Speculator’s Playbook

Most professionals who wander into options trading arrive with the wrong mental model. They think they’re entering a high‑stakes casino with better math. They see leverage, speed, and the seductive possibility of turning a modest account into something cinematic. But the great speculators — Darvas, Boyd, Livermore, and the modern traders who quietly compound wealth…