100% right attitude Sigma. For me, I always like to look at 50 or so setups (screen dumps) in bed at night on a big 17" laptop. Not saying I'm anything special but this is the kind of work and effort needed, it never stops and it never ends...
Yes, and I absolutely agree with you but at the same time I did research on options and chart reading. It's easier to learn from experience at the same time as learning from the pros. Maybe I should take less risky lower priced options, until I have a better grip on certain situations.
Lower priced options are not less risky. Why would it be? There are no free lunches on Wall Street. Cheap options are cheap because they are out of the money and you are likely to lose all your monies. Actually, deep in the money options which cost more and you would consider expensive are cheaper because it gives you an actual chance to make monies. Cheap options are just lottery ticket type of gambling. You might strike it rich and get lucky one time but, the other times, you just lose all your monies just like in Las Vegas.
You in fact shouldn't be trading options at all until you can profit by trading the underlying. Learn to drive before you install the nitro tank.
%% Sounds like you meant lower bid ask spread/rather than low priced hkangaroo; floor traders said no such thing as a ,low priced option.They are less risk/in a limited sense/ easy to figure max loss. Best thing is take some out of your account //invest in some trading books/library cards. Me, prefer profits weekly/but no such thing as a business with no exspences/losses; dividends work also..................2 weeks is less than 10% of 52 weeks. Good question; hate the word loss, so I call it a business exspence/some call that education/good.
Just call it educational expense. Although, do not keep paying the tuition because your education just got more expensive. You need to get paid too, like in a salary (gains) otherwise, you would be working for free.
%% LOL Strange stuff/trends this year; 2 libraries shut down for 50 days[open now]/ but both gave away a huge # of books. RE-read Stock Traders2019 Almanac last nite= SPY/DOW tend to be down AUG/SEPT. Not a prediction...……………………………………………………………………………………………………………….
You should know when and where to stop. Take a break, drink some water, and with a bit of luck you'll make more.