With the holidays in full swing and trading volume falling off, it might be a good time to give yourself a mental break and reflect on your trading. Are you the great options trader you thought you would be by now or have you ever wondered what truly makes a great options trader?

Recently, I was in Dubai, UAE, and as usual, while sitting outside having lunch in Jumeirah Beach, I noticed all the fancy cars driving by.

Throughout my trading career, I have always looked at multiple assets as a way to enhance my trading success. I have noticed that traders who focus on multiple assets such as stocks, commodities, currencies, and bonds, have better trading results than those who only trade one asset alone.

Last time we looked at the Greeks related to a covered call position. Theta was the star of that show, and if all went according to plan, the rest wouldn?t matter. ?According to plan? meant that the underlying would move up or go sideways, but would not be above the call strike price at expiration.

For the subject of this week?s article, I thought that I would take the time to explore the thought process behind most trading decisions we make during our FX speculating.