what if everyone started selling options in this video we are going to examine
the question that i sometimes get in my comments what if everyone started selling options david
jaffee with beststockstrategy.com please subscribe to this channel
click the notification bell and also if you'd be so kind like this video. Let's get started
so i usually get a comment maybe about once a week about what happens if everyone
started selling options and the problem is that the people who ask these questions
fail to understand that the majority of human beings at their core act irrationally people are
self-destructive if they weren't then nightclubs cigarettes casinos lotteries packaged foods
sodas all of that stuff would not exist human beings are a slave to dopamine and it's actually
getting worse with the advent of mobile devices and instagram and tick tock and all of those
other things that provide people with instant gratification people are a slave to dopamine and
they engage in short-term risky behavior in order to get a dopamine fix and the reason why they do
that is because the consequences of their negative behavior are not immediate and look i get it it's
really really tough to sacrifice when i went to high school i grew up in a pretty poor area
and i loved it because i didn't have to do any work the teachers were expected to give us a's
and i skipped classes and i still got really good grades and got into a good university however when
i went to Cornell those people were smart and i actually had to study and i hated going to Cornell
because even though i got really good grades i wasn't as smart as the grades that i achieved so
as a result i had to out perform and out study and outwork those people that i got better grades than
and i really really hated college and then when i graduated college and i started working
as an investment banker that also was extremely self-destructive because nobody who actually cares
about themselves will ever tolerate investment banking for five years like i put up with it
it is a horrible job even the managing directors most of whom have been working in investment
banking for over 10 years they oftentimes hate their life and do not like themselves either
the reason i'm telling you this is don't think that just because someone makes a lot of money or
they hold a position with a significant amount of prestige that they are any better at not engaging
in self-destructive behavior than a typical person is many people who have achieved levels of success
have had to make significant sacrifices that many other people would be unwilling to make
and whether you're a managing director or you're unemployed the point is that people are irrational
being a managing director at an investment bank is not a rational decision because you've had
to sacrifice 10 to 20 years of your life in order to accomplish that goal so remember we are slaves
to dopamine and not everyone is going to act rationally and hypothetically just start selling
options so remember the best thing to do is not to take any shortcuts and try to behave
in a manner that sets your future self up for the highest probability of success don't act with the
short-term focus instead always try to keep your long-term goals in focus and behave in that manner
and by doing that you'll be able to consistently earn about three percent a month by selling option
premium don't try to hit home runs don't try to day trade or trade forex and engage in risky
behavior instead do what many other people are unable to do think of your long-term self and
then work your way backwards and figure out that if you want to be somewhere long
term what are the immediate steps that you can take today in order to accomplish your goal
David Jaffee with beststockstrategy.com please like comment share and subscribe
i appreciate your attention and look forward to seeing you in the next video