When I started trading from home many years ago, I was trading from my home office in the basement of my house. It was just me, my computer, a television set, and the dog.

Over the last several weeks, my inbox has been bulging with questions from readers of Lessons from the Pros, and Online Trading Academy students alike.

Classic parables of warning are often offered to traders considering exploring the world of option trading by those who do not understand the physiology of the various option "beasts".

There are many lessons from the golf course that can be directly applied to being successful in trading.

As much as I love exploring as many aspects of trading the markets as I can, I also believe that sometimes we all need to just slow down a little and take some much needed time to reflect on the bigger picture.

For traders entering the new world of option trading, there are many points of confusion.

I have covered in these newsletters the topic of debit, as well as credit spreads in great detail. However, I have not dabbled into the repair aspect of a trade and that is exactly what Curtis, a Kansas option student, asked me to do

Many times I hear traders say they just want to make a certain amount of money per day trading, perhaps they are happy with $200, $500 etc. For most of them, I find out they are coming into trading from a career where they received a regular paycheck for some pre-set amount.

This week, I am going to explore a particular technique to filter the trade selection process, which in my opinion, is a skill to be learned early on in any burgeoning trader's career.

Standard accounts of the option Greeks will explain that delta measures the rate of change in the price of an option per unit change in the underlying asset.

One infrequently discussed topic important to understand in becoming familiar with the mechanics of option trading is that of the various settlement mechanisms.

All Futures contracts have expiration days where the contract literally stops trading. The Exchanges where the contracts trade are responsible for assigning positions to be delivered against for the commercial traders. Therefore, they would prefer to have as many speculators out of that contract before it expires as possible