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Options trading: Legend Tony Saliba shares strategy that made $100,000 - Business Insider

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Tony Saliba, a legendary options trader and author of 'Managing Expectations,' didn't have the ideal start in financial markets that most dream about.

Unfortunately, that initial jubilation was short-lived. When the market turned against Saliba, it all came crashing down. His bets were far too big.

Instead of taking big bets, Saliba would focus on controlling his risk and making small gains in the most disciplined manner possible. But when his trading started to catch fire — and he was "scalping for halves and dollars," instead of smaller increments — his backer began to pressure Saliba into trading larger sizes.

 

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