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061: All You Need To Know About Commodity Trading – Carley Garner

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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!