Episode 446 Option Trading Podcast September 25, 2026

And now it's time for the topic of the week.

The topic of the week is the danger of winning.

Now, not many people talk about winning as something that's dangerous.

Success is what we're wired for, right? Winning is what we all want.

How could it be bad? Sometimes winning can make you think that you can't lose.

In option trading, that's when people start taking risks that doesn't make sense and making trades that look more like bets than strategic risk assessments, right? Some of my biggest losses along the way have come right after a period of strong, sometimes incredible wins.

You can actually start to believe that you're always right.

You can believe that you can't lose.

You can believe that you have your finger on the pulse of the market and there's nothing that you can do wrong.

Anything that inflates your ego will likely lead to you losing.

ultimately losing track of the reason you were able to make money in the first place.

I've often said that the worst thing that happens to some people is when they win quickly.

It's almost like life is setting them up for a period of pain that will test whether or not they have the mental fortitude to keep going.

So the goal is to win.

However, you cannot let the wins go to your head.

Stay true to the process that helped you win in the first place.

That's your best bet, and hopefully that will save you from the losses that typically follow significant gains.

So that's it for the topic of the week.

Let's go ahead and get into last week's trades.