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The serious option book - https://amzn.to/4a3zDng I lost close to 13k in one trade. In this video I am breaking down exactly what happened, what could be done to prevent it and how you can prevent the same mistake that I made to be a better option trader. 0:00 intro 5:52 Contract size too big 7:14 Expiration date too close 10:26 Always know your Volatility and VIX 11:30 Know your Delta 12:47 Didn’t know how to manage the trade Disclaimer: This video is NOT financial advice. I am not a financial advisor. This content is intended for informational and entertainment purposes only to share my personal journey and strategies. Options trading involves a high degree of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Please consult with a certified financial planner or tax professional before making any trading decisions. I am not responsible for any financial losses you may incur. #OptionsTrading #IronCondor #CreditSpreads #IncomeInvesting #FIREMovement #StockMarket #PassiveIncome #TradingStrategy # OptionStrategy