New to investing; want to learn all about options

Discussion in 'Options' started by MattSS, Aug 8, 2011.

  1. MattSS


    Hi, I'm a young single guy who wants to learn about speculative investing (especially options trading). My background is in internet poker where I made my income for the past 2.5 years but now Americans can't play anymore so I need a new source of income. I have plenty of time to learn about investing before I commit a dime to any investments. I'm not looking to invest in mutual funds or in other "slow" vehicles that I'll have to wait 50 years to see benefits from. I want to take on more risk and put in more effort into research and using whatever tools I can to help me make money faster. Things I need help with are:

    -good free sources of information on how to do options trading and other speculative investments

    -free practice making investment decisions to develop my skill (on some kind of virtual options trading software or for different types of speculative investments)

    -any good "newbie guides" available online

    -recommendations for books to read

    -What does the learning process in this area look like? (like whats the best way to go from being new to this stuff to being successful at it?)

    Also any general tips you think someone in my position could use would be welcomed as well.

    Thanks for reading this :)
  2. There's a lot of book (and other material) recommendations on this here fine forum...
  3. Read everyhthng you can get your hands on:

    Buy books
    Use Google

    Have patience grasshopper, your time will come
  4. Screw the learning, I say jump right in short and naked. Too bad you missed today. Would have been a nice quiet day to get your feet wet. Ok sorry had to vent a bit...

    We have similar backgrounds (except maybe the young part). My biggest piece of advice would be NO $5K COURSES. It's ok to read a few books, and there is tons of free stuff online, but those courses are shams.
  5. Lornz


  6. drcha


    Larry McMillan: Options as a Strategic Investment
  7. Bookmark ForexForex's Elitetrader threads. His LIVE option trades are amazing, take a look at this one in progress.

    All of EliteTrader community can't wait for Tuesday or Wednesday when the trade is opened, then closed the next day or two. ForexForex puts the "ELITE in Elitetrader".
  8. KevinO


    Why are you writing in third person?..
  9. Who are you replying to, me or ForexForex?
  10. cloudy


    You can just get right into it on ThinkOrSwim's papertrading platform:

    Just register but no need to send application information and download the platform. You can set the papertrade account to any size you want and trade any number of options on equities and ETF's.

    A good intro course at
    Decent deal. check out the video.

    It's not free, but you can't find the substance of these 40hour + videos intro material for free. recommends their mentoring services but that costs upwards of $4k to $6k initial.
    #10     Aug 9, 2011