Beginner..All advice welcome

Discussion in 'Options' started by destined4, Jul 13, 2013.

  1. Don't bother. The spreads are wide, and ultimately the only way to make money is directionally. Trading the fifth derivative of volatility is great for your broker, nobody else.
     
    #11     Jul 24, 2013
  2. Doobs789

    Doobs789

    Read Hull and do every math problem. Keep in mind, the hardest part is going from learning about options theoretically, to implementation. Good luck.
     
    #12     Jul 24, 2013
  3. drcha

    drcha

    From the books above, read Wolfinger, then start reading McMillan. You can skip around in McMillan and read what interests you.

    Start by trading 1 or 2 contracts at a time and until you understand how options behave. Study option chains (www.optionistics.com).
     
    #13     Jul 28, 2013
  4. trader46

    trader46

    I would have to agree.
    OP, investigate LEAPS and selling naked puts which are both very viable and potentially profitable for the retail trader
     
    #14     Jul 31, 2013