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  the leak finder

What is your discipline costing you?

Every time you cross a wide spread in a hurry, give a stop "a little room," or hold a loser past the plan, the market sends you a bill. And the hours you spend babysitting exits are the one cost nobody itemizes. Eight questions, thirty seconds, and we'll estimate both.

Crossing the spread on a typical options trade costs 5–10%. The most active traders underperform by ~6.5% a year. Earnings plays give up 5–9% before the stock even moves. And you pay twice, once in dollars, once in hours glued to the screen. Losing is optional.

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