By Guy Bower of www.guybower.com*

“The problem with change is that it just never stays the same.” That sounds like something Yogi Berra might have said. However, in options trading, not understanding change can be quite a risk.

In the last few articles, we have looked at the concept of the delta and, specifically, the interpretation of the delta of individual options and total positions. Once you have delta information (from many software packages or the AFR), it’s a pretty straightforward process understanding it all.

Here is a quick summary:

By Ulla Decken*
Posted: Jun 19, 2009

Many books and articles have been written on how the right attitude is critical for successful trading and how improving your trading results first requires a shift in awareness. One of the most repeated messages in lectures and seminars on how to change your psychology is to focus on what you want -- because what you focus on is exactly what you will experience more of.

As with almost every trader, I too aspire to consistent profits, so, when I am applying this logic to my trading, it is logical to conclude that I should be focusing far more attention on my exits than I have been.