“My name is John and I am a recovering options Trader”

I came across this recently

 

Good thread.. If I may,it appears you were predominantly long options,theta working against you and directional?

Single leg or Verticals?

Why would you choose the option strat over trading the underlying?

Did you use any software programs ??

Any idea how you would have performed had you just traded the underlying?

 

You might want to consider trading just stocks in a cash account.

 

Many times I go back to Investopedia...The basics.

It helps me to lay out my risk tolerance (amongst other things).

A great source...

Here is an example...

https://www.investopedia.com/articles/active-trading/111214/pick-right-options-trade-six-steps.asp

 

yes,, there are the greeks, strike price, and expiration to deal with... just too much.

 

precisely what I am doing

 

dear john did you ever sell any options or just buy them?

 

Hello John, and welcome to the group.
Lets skip the higher power steps and go right to where you admit your mistakes.
What mistakes did you make and why did you make them.
How can we help

 

When I saw the title, I thought I had started this thread,...

 

Most people are starting to get into futures...I started traded them. 2 great things you have to like is the 60/40 long/short tax and no worries about wash sales.