Most people think the markets are too risky and their approach is hit or miss, pure speculation or worse, gambling. I don't consider myself to be an 'investor' or 'speculator' or 'trader' in the traditional sense. The truth is, and this is exactly how I see myself: I am an entrepreneur. As an entrepreneur I seek opportunities in the market as well as engage in buying and selling activities to generate the highest return on my investment and then simply manage my risk. My product is options and stocks. I buy and sell them to make money. All businesses buy and sell to make money - I just do it with stocks and options. All good businesses manage based on numbers and ratios - I do the same thing - I manage by the numbers. All businesses plan for profits and create opportunities for the largest return on investment (ROI) possible - I do too, except I create opportunities for the largest return on margin (ROM). I know exactly what my maximum profits are going to be before I place a trade. I don't guess or speculate - I have a plan. Then I simply manage the position and, if necessary, adjust my positions to remain profitable - or cut my losses through smart risk management techniques and collect my profits at the end of the trading cycle (monthly). http://tabscxps.blogspot.com/#
