Why You Should Learn to Love Boring Trades

Most people start trading for the thrill. They want excitement. Action. Quick wins they can brag about.

But here’s the quiet truth: the trades that actually build wealth over time are often the ones that feel almost uneventful. They don’t make headlines, they don’t light up social media, and they rarely get discussed in cocktail party conversations.

And yet, boring trades are the ones that consistently grow accounts.

The sooner you learn to love them, the sooner you’ll move from gambling on markets to treating trading like a business.

The Thrill vs. the Edge

Think about casinos. They don’t survive on one lucky spin of roulette or a handful of wild bets at the blackjack table. They survive because the odds are slightly in their favor, and they play those odds thousands of times per day.

That’s how options traders should think.

• Thrill trades are the lottery-ticket buys: out-of-the-money calls on hot stocks, YOLO puts on crash scenarios.

• Edge trades are the repeatable ones: cash-secured puts, covered calls, iron condors.

Thrill trades might occasionally pay off in a spectacular way. But edge trades are the ones you can scale, repeat, and actually rely on for compounding.

The Psychology of Boring

Why do so many traders chase excitement? Because our brains are wired for novelty. Dopamine spikes when something “new” or “big” comes along, whether it’s an earnings rumor, a Fed announcement, or a breakout chart pattern.

But here’s the problem: dopamine fades. Consistency doesn’t.

A slow, steady stream of income from covered calls won’t feel as exciting as nailing the perfect Tesla call right before a rally. But over time, that stream quietly builds into something bigger than most thrill-chasers ever achieve.

And while others ride an emotional rollercoaster, boring traders stay calm.

Where Boring Trades Shine

Let’s break down the mechanics of “boring” strategies and why they’re so powerful:

1. Cash-Secured Puts (CSPs)

• You get paid upfront to agree to buy stock at a lower price.

• If the stock drops, you own shares at a discount.

• If it doesn’t, you keep the premium and move on.

• Educational Point: A CSP is like getting paid to set a buy-limit order.

2. The Wheel Strategy

• Start with a CSP, then if assigned, sell covered calls.

• Collect premium on both sides, whether the stock goes up, down, or sideways.

• Educational Point: The Wheel forces you into discipline, turning ownership into an income machine.

3. Iron Condors

• You sell a call spread and a put spread at the same time.

• As long as the stock stays between your short strikes, you profit from time decay.

• Educational Point: Iron condors shine in range-bound, low-volatility markets where most traders get frustrated.

4. Poor Man’s Covered Calls (PMCCs)

• Instead of tying up capital in 100 shares, you buy a deep-in-the-money LEAPS call and sell shorter-term calls against it.

• You mimic covered calls at a fraction of the cost.

• Educational Point: PMCCs are stock-like returns with options-like flexibility.

Compounding the Boring Way

The real magic of boring trades isn’t the trade itself, it’s what happens when you repeat them.

• A 1% monthly return doesn’t sound thrilling. But compound it for a year, and you’re looking at ~12.7%.

• Add consistency across multiple trades, and you create a portfolio that grows even when markets chop sideways.

• Instead of praying for “the big one,” you rely on a steady grind.

Compounding is boring in the short term, but transformational in the long term.

Risk Management Is Boring, Too

Another underrated benefit of boring trades is survivability.

• High-probability strategies mean more frequent wins, which protects your mental capital.

• Smaller, repeatable position sizes prevent catastrophic drawdowns.

• Defined risk strategies (like credit spreads) mean you never face “infinite loss” scenarios.

Boring trades aren’t just profitable, they’re survivable. And survival is the first rule of trading.

The Long Game

I’ve traded options for more than two decades. I’ve seen bubbles, crashes, fads, and everything in between.

And I can tell you this: the traders who last are the ones who learn to love boring trades.

• The iron condor that expires worthless week after week.

• The covered call that churns out steady cash on a dividend stock.

• The Wheel that quietly compounds in the background.

Boring doesn’t get applause, but it gets results.

So if you want thrills, go skydiving. If you want wealth, learn to love boring trades.

Probabilities over predictions,

Andy Crowder

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