Before anything else, this is Part 2 of a multi-part interview, so if you want it all to make the most sense, then be sure to listen to episode 137 first. I've really enjoyed the feedback so far from Part 1 on the discussion as there have been several opinions and viewpoints that have arisen. I'm not saying anyone is wrong or right with their opinion, but what I am saying is it proves the point exactly about how "risk" can be perceived in different ways depending on the overarching context that surrounds it. Thanks to our guest's (Carl from the chat room) candor and openness, we can still how the idea and concepts of risk continued to influence him to always be self aware and on the offense about this very important aspect of trading. If you enjoyed Part 1, then there is no doubt you'll enjoy Part 2, so let's once again get this party started! Notes: While he originally joined the program to strictly learn how to trade options, he eventually branched out and decided to learn various strategies for trading so that he wouldn’t become a ‘one trick pony.’ Carl talks about his successes and failures trying to trade a brand new strategy but has a detailed plan about how he wants to proceed into the future. Having 1000+ trades with his volatility strategy, he executes quite effortlessly but now he is learning brand new strategies to expand. Considering he has been in charge of his income since the early age of 12, Carl is big on efficiency. He is very conscious about his usage of time since that is limited every day. Clay suggests that Carl look into Advanced Options but Chezz brings up the fact that personality plays a large role in finding where you fit in the ‘trading world.’ While they have the high hit rate that he is used too, they are not active enough to hold his attention. Quotes: Because I didn’t understand what I was doing, I bought 2000 contracts that expired for a 12,000 dollar loss. I knew it was going up but I didn’t have a great idea where the profit might be. I thought, green is green. Hard work will get you far in life. I have a reasonable amount of emotional control and not scared of working hard.