Options Trading Authority is a hub site for our various options education products, services and systems.
Through the Options Trading Authority Newsletter we communicate to our subscribers valuable information for success in options trading.
Chris K is the head options trader and systems developer behind the Options Trading Authority site. He develops options trading systems and courses. With over 25 years of investing and trading experience Chris brings a formidable options trading experience and knowledge base to the table.
“Predictive analytics” is the study in which we are engaged. This means we analyze repetitive patterns in price in order to give us a higher probably ‘bet’ on future potential happenings. The financial markets offer a variety of such repetitive price patterns. Our focus is upon the price patterns and price behavior that has stood the test of time.
We aim to identify price behavior that is based upon the ‘human animal’, ‘human nature’ for human nature does not change. We use this constant as a factor to give us an edge in the markets. While most ‘trade by the seat of their pants’ or from the emotional ‘whim of the moment’ we look to trade with a simple entry and exit plan based on systems figured out, outside of the market trading action.
Chris started investing at the age of 14 in a serious way, being granted permission (by his father) to take over his portfolio of stocks granted to him by his father. Chris went on to quadruple his investment account over the next several years by investing in stock, following teachings of his child hood heroes: Warren Buffet and Peter Lynch. By starting at such a young age Chris was able to develop a finely tuned instinct for the markets.
After finishing a couple degrees in college Chris tuned to full time trading and now options trading. At age 26 Chris took $13,000 and turned it into $225,000 in 4 months in four months roughly trading simple stock swings within a trend intuitively. He was able to hit the million dollar mark later that year by sticking to the same strategy.
After that Chris started to realize that it took quite a bit of concentration to trade intuitively and wanted an easier solution. So he started studying price charts to figure out exactly what he did that made his success. After some study he started to observe specific patterns and trigger points on those patterns. Soon he was able to translate his intuition to a set of rules on a price chart and his systems develop area was born.
He says he is extremely creative and says that he “just can’t stop creating things” theses days (a ‘backlash’ from making it too easy to trade, using his trading systems). Creating trading products has given Chris a diversion, something else to do besides just trading. It’s an outlet for his creative drive. Fortunately for all of us we can now access some of his genius through his trading systems, signals and courses!! Consequently, many students across the globe are surprised to find trading systems that actually work and credit their success to Chris K’s teachings.
Chris says he’s sick and tired of seeing people who have a real and genuine desire to succeed in options trading and “investing” lose their shirts. He’s tired of all the naysayers that say options can not be traded consistently and profitably. He’s tired of seeing traders who get conned or con themselves into losing their trading accounts through bad “options trading education”. – You know, the kind of options education that looks very ‘professional’, formal and institutional but ends up being a bunch of rehashed options trading info that does not tell you practically and exactly what actions you need to take and not take in order to start netting out a profit in options trading.
Now we understand as Options trading educators that we can not make you do anything. But we can present trading education information in such a way that can make sense to you so you’ll start to agree that correct trading, trading that can actually net out results over time is really the only way to trade. For trading is a waste of time if your objective is anything less than making, keeping and growing money over time. And that takes patience, consistency, persistence and a plan – a plan that must be started NOW.
We focus on the practical, the bottom line: “What Makes Money?” and “What Makes YOU Money!” This is our approach. We can’t guarantee you results but our intentions are to make products, solutions “that work”. Also we look to continually improve our products over time as well. Perfection is the standard in which we can rest. We will drive until we get there. Your feedback is always appreciated and helpful in helping us make greatness for you.
That said Chris has found several approaches that have worked for him and many other successful traders over time:
- The “Trading for a Good Living Philosophy“
- The “Hunter Speculator Philosophy“
- The “Stupid Simple Trading Philosophy“
- The “JackPOT Philosophy“
Ultimately, Chris says that you need a plan and that eventually, all of your trading needs to conform to the “Trading for a Good Living Philosophy” that ends the pursuit of chasing “110% winning” and trades solid, time tested, price patterns that provide the ability to potentially net out profits over time, through fast and slow times. That means winning percentage takes a back seat to netting out a positive return with a solid approach. From there, money management can take over for potential large gains over time. And a great model for this philosophy is what the Turtle Traders founded by Richard Dennis were able to do over time.
Losers get stuck in theory, are too scared to enter at the right time, do not do their home work for opportunity anticipation, trade too big then refuse to get out at their stop loss points, have no system, have no money management system and are consumed by their moment to moment emotions, emotions that are 99.8% WRONG in trading decision making.
That’s not for you.
You are a winner. Say it. “I am a winning options trader”. Believe it! Become it. Act as if you are a winner and you’ll soon start believing. Now start doing the things in trading that winners do.
Get educated the right way, the way to WINNING. And winning in trading means you can make, keep those makings, and grow those keepings! Anything less than that is just, losing.