Elta trung lập giao dịch là chìa khóa cho sự thành công của tôi như là một nhà kinh doanh lựa chọn. Học làm thế nào để thương mại vùng đồng bằng trung lập cung cấp cho các thương nhân có khả năng tạo ra lợi nhuận bất kể hướng của thị trường trong khi tối đa hóa lợi nhuận kinh doanh và giảm thiểu rủi ro tiềm ẩn. | CHAPTER 6 Demystifying Delta Delta neutral trading is the key to my success as an options trader. Learning how to trade delta neutral provides traders with the ability to make a profit regardless of market direction while maximizing trading profits and minimizing potential risk. Options traders who know how to wield the power of delta neutral trading increase their chances of success by leveling the playing field. This chapter is devoted to providing a solid understanding of this concept as well as the mechanics of this innovative trading approach. In general it is extremely hard to make any money competing with floor traders. Keep in mind that delta neutral trading has been used on stock exchange floors for many years. In fact some of the most successful trading firms ever built use this type of trading. Back when I ran a floor trading operation I decided to apply my Harvard Business School skills to aggressively study floor trader methods. I was surprised to realize that floor traders think in 10-second intervals. I soon recognized that we could take this trading method off the floor and change the time frame to make it successful for off-floor traders. Floor traders pay large sums of money for the privilege of moving faster and paying less per trade than off-floor traders. However changing the time frame enabled me to compete with those with less knowledge. After all 99 percent of the traders out there have very little concept of limiting risk including money managers in charge of billions of dollars. They just happen to have control of a great deal of money so they can keep playing the game for a long time. For example a friend once lost 10 million he was managing. Ten minutes later I asked him How do you feel about losing all that money He casually 164 Demystifying Delta 165 replied Well it s not my money. That s a pretty sad story but it s the truth. This kind of mentality is a major reason why it s important to manage your accounts using a limited risk .
