Thinking In Options with Bill Johnson

Points, Strokes, and Blowups: What Golf Understands About Trading That Traders Don't


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In this episode of Thinking In Options, Bill Johnson explains why most traders are playing the wrong game.

Using a powerful comparison between trading and golf, Bill breaks down one of the biggest misconceptions in options trading: the idea that success comes from "scoring" more wins. Instead, he argues that long-term survival and profitability come from minimizing mistakes, controlling risk, and avoiding catastrophic losses.

Topics covered include:

• Why trading is more like golf than basketball • The hidden danger of "getting back to even" • How losses compound asymmetrically • Why more trades often create worse outcomes • The geometry of risk and exposure in options trading • Position sizing, risk control, and avoiding blowups • Why professional traders focus on minimizing errors instead of maximizing gains

If you've ever felt trapped chasing returns, revenge trading, or overtrading after a winning streak, this episode offers a completely different framework for understanding market survival.

Subscribe for more episodes focused on options trading, volatility, market structure, and risk management.

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Thinking In Options with Bill JohnsonBy Bill Johnson