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Risk & Psychology

Sizing, expectancy, drawdowns and the mind of a trader.

Intermediate · 5 video lessons · 10 minutes · 5-question video exercise · certificate

What you'll learn

• Size every options trade by what you can actually lose.
• Learn the one number that proves whether you have an edge.
• See why naked options can lose far more than you collected.
• And build the journal habit that turns mistakes into rules.

Lessons

1. Position sizing for options (2 min) — Size by the maximum loss, not by how many contracts feel right. With options, spreads and correlated bets.
2. Expectancy: the math of an edge (2 min) — Win rate alone means nothing. Learn the one formula that tells you whether a strategy makes money over time.
3. Defined vs. undefined risk (2 min) — Some trades can lose far more than you collected. Learn which ones, why gaps make them dangerous, and how to cap them.
4. Drawdowns & losing streaks (2 min) — Streaks are normal, even with an edge. Learn how deep they can cut, and the rules that keep a bad run from becoming a disaster.
5. The journal & your psychology (2 min) — The fastest way to improve is writing things down. Learn what to journal, how to review it, and how to turn patterns into rules.

Exercise and certificate

The course ends with a 5-question video exercise. Submit your answers, see your score and the reasoning instantly, and pass with 80% to earn the Risk & Psychology certificate.

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