The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to be talking about why short-term memory loss is critical for options traders. This concept of short-term memory loss for me actually goes back to high school. I’ve talked about it often on the podcast, but I had a coach in high school which was very influential on me, happen to coach me not only in baseball, but also in football and coach Anderson used to always say to me, “Look. You got to have short-term memory loss.” If you throw a pick or if you make a bad read or you overthrow a receiver that’s wide open in the end zone, you ultimately have to forget it and move onto the next play. And this was really important to me because over time, what I realized is that if I had a bad play or if I did something wrong or I just had a bad read that it wasn’t going to affect the outcome of the rest of the game, that I could quickly forget it because I needed to have short-term memory loss and I needed to mo