Most traders spend a great deal of time analyzing a position before entering – whether it be fundamental analysis on the underlying stock, theoretical value analysis on the price and volatility of the options, or something else. However, it is quite often the case that the actual decisions of how large of a position to take is made by some seat-of-the-pants method rather than any strict criteria. In addition, once the position is in place, much more of one’s profitability is determined by how the position is managed than how it was selected. Many professional traders feel that this is the most important aspect of all.
In this seminar, Larry will discuss risk management from the basics to some of the more advanced methods. Regarding position sizing, we’ll look at Martingale, Fibonacci, Kelly, Optimal f, and more. The concepts will be applied to individual positions as well as to portfolio position sizing.
Then we’ll discuss how to manage positions that are already in place. Topics to be discussed include, among others:
Recorded on June 15, 2011
Approximately 1 hour running time
Learn directly from one of the most revered experts in the field of options without leaving your house or office with Larry McMillan's Webinars. Each webinar runs at least an hour in length and features an extensive Q&A session at the end. All webinars are recorded and will be available for viewing for 30 days after the initial session.
"Larry did such an excellent job of explaining volatility that my wife, who is an investing novice, was able to understand what historical and implied volatility are! Further, she understood when, why and how to use straddles as a direct result of this online seminar. Great Job!" - M. Eidem
"My experience with options dates back to 1984 when I clerked in the OEX pit for a MM. Even then Larry was legendary. It is a pleasure to listen to him because this is the real thing, as opposed to the plethora of salesman who are so-called advisors. It was fun being on-line with a legend." - T. Kelly