The biggest mistake traders make is chasing big wins instead of building consistent returns. The goal isn't to hit home runs—it's to stack small, repeatable gains while keeping losses controlled. A structured system that focuses on defined entries, risk, and targets can shift your results dramatically. Over time, consistency compounds in a way random wins never will. → Learn how this consistency-first approach actually works in practice.

Traders Aggressively Ignoring Risk?

All-time Uncertainty at Market Highs!
Everything is up! Except it’s not!
Volatility Crushed in SP500
VVIX
Massive Contago /VX
Russell/NASDAQ Volatility holding up
Bonds Bid with Financials Bid?

Correlation Chaos –
—metals
—oil
—crypto
—SP500
—dollar
—inflation
at a loss for words?
Nope… we lost an asset class, thanks FED

SRVIX seeing near record highs

Traders aggressively ignoring risk
—Whang up in Flames? Buy it!
—low returns makes funds do horrible things…
—FED put is in

SPX Expected Move
–last week EM– 59.65 (4 day week)
–next week– 57.96 expected move

Don Kaufman

Don Kaufman is options trader and educator. Former CBOE market maker, former Chief Derivatives Instructor at thinkorswim, and former Director of the Trader Group at TD Ameritrade. In 2015 he co-founded TheoTrade to teach traders how volatility, probability, and risk really work.

More about Don Kaufman

	Today
09.00	Don Kaufman \| Pre-Market Prep \| FREE SESSION 09.20 09.30 Don Kaufman \| Early volatility 09.20 10.30
09.30
10.00
10.30	Jeff Bierman \| Market structure 10.30 11.30
11.00	Jeff Bierman \| Market structure 10.30 11.30
11.30	Brandon Chapman \| Ghost Hour 11.30 12.30
12.00	Brandon Chapman \| Ghost Hour 11.30 12.30
12.30	Gianni Di Poce \| Macro overview 12.30 13.15 Elizabeth \| Price Action 13.15 14.00
13.00
13.30
14.00	Corey Rosenbloom \| Options tactics 14.00 15.00
14.30	Corey Rosenbloom \| Options tactics 14.00 15.00
15.00	Blake Young \| Market wrap 15.00 16.00
15.30	Blake Young \| Market wrap 15.00 16.00