About 90% of new options traders quit within a year. The speaker says most leave too early, before profitable setups have time to work. He recommends finding one high-impact trade that can multiply your account by ten, giving you the capital and confidence to trade longer.
With trading, especially options, if you don't see success within the first 3 months, about 50% of traders will quit. And then within 6 months, if they don't see any success, 80% will stop. And by the year mark, if they don't see anything, 90% are done. But the way that I did it, the way that I think everyone should do it if you're new, is these trades, it may take 3 months, 6 months, a year for it to actually come. But if you can 10x your account on the first really good setup, then you'll have much more capital to play around with and you'll build the confidence to actually trade the right way.
