Most people lose money trading options — not because options are "too risky," but because they make the same 3 mistakes on repeat.

Mistake #1: Buying OTM weeklies because they're "cheap"

That $0.05 call isn't a deal — it's a lottery ticket. The probability of profit is often under 10%. You're paying for gamma and time decay is eating you alive. Smart traders sell premium or go ITM with more time.

Mistake #2: No position sizing

If you're risking more than 2-5% of your account on a single trade, one bad day can set you back months. The best traders aren't the ones who hit home runs — they're the ones who survive long enough to compound.

Mistake #3: Trading without understanding the Greeks

Delta, theta, gamma, vega — these aren't optional. If you don't know how theta decay accelerates in the last 2 weeks before expiry, you're flying blind. Learn the Greeks before you place another trade.

I built TradeSmith Academy to help options traders avoid these traps and actually build consistency. Course, live chat, daily analysis — everything you need in one place.