Carley Garner: All You Need To Know About Commodity Trading

Show notes: http://www.desiretotrade.com/carley-garner/

In episode 61 of the Desire To Trade Podcast, I interview Carley Garner, a commodity and option trader. She is the woman behind DeCarley Trading, an award-winning commodity broker.

Carley have been in the trading business for over 12 years and started with options from day 1.

Carley mentions that option trading is done at a slower pace than other assets such as Forex, stocks, and futures. 90% of options expires worthless. We also discuss option selling, a way to make money on a higher probability with unlimited risk. As an option buyer, the risk is limited but the probability of making a profit is smaller. 

Pieces Of Advice

"Be fearful when others are greedy and greed when others are fearful." CLICK TO TWEET

"There's not a right or wrong way to trade, just the one you're comfortable with." - @CarleyGarner CLICK TO TWEET

Topics Covered – Carley Garner

• How being contrarian can make you a great trader
• Why optons are interesting to trade
• How to trade commodities
• How option selling works
• The biggest mistakes Carley made in trading (good anecdote!)
• The best to start trading options
• How to limit your risk with options
• Decision process of an option trader
• The main commodities traded by Carley
• The main mistakes beginners make (i.e. the lasting power)
• And much more!

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!