Chat With Traders 297 · Cody Yeh - Slow, Medium, and Fast Money Strategies
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Apr 10, 2025 Cody Yeh, a Canadian entrepreneur and investor, shares his journey from engineering to full-time trading success. He discusses the ins and outs of options trading and emphasizes risk management and diversification as key to financial stability. With insights into market volatility, Cody debunks misconceptions about passive income in trading and highlights the value of community over solitary trading. His experience during the meme stock craze serves as a reminder to prioritize long-term strategies amid market noise.
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Shift to Options
- Cody realized that focusing on how the wealthy preserve capital was key.
- This led him to explore options, recognizing their potential for control and sustainability.
Diversification Strategy
- Diversify investments across different strategies and timelines.
- Allocate roughly one-third of capital to each strategy: fast, medium, and slow money.
Passive Income Misconceptions
- Passive income through options requires resources like a supportive community or team.
- Managing investments independently can be time-consuming, even with a buy-and-hold strategy.