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In Options Trading It’s Never Better to Be Lucky Than to Be Smart

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“It’s better to be lucky than smart.” I'm not sure how that one got started, but I have to count that as one of the most foolish expressions in the English language. First off, what does it even mean? That if you have no intelligence or experience, that the only thing you have left is “luck” and you had better hope it breaks your way? Doesn’t sound like much of a business plan to me. It sounds more like a recipe for disaster in almost any endeavor in life, and it certainly runs counter to our culture and philosophy at SMB, where we stress preparedness and practice above all. And if it means that sometimes you can Read more [...]

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