Supplement retirement income

Discussion in 'Options' started by aplino, Dec 30, 2020.

  1. Nobert

    Nobert

    You either go for the kill and master this craft or forget about options/20% and choose passive with long in spy, voo, qqq.

    There's no in-between, cuz one slip and account might suffer a major blow (due the lack of skill), while time horizon is getting shorter.
     
    #11     Dec 30, 2020
    Snuskpelle likes this.
  2. Ditto.

    Trading options is a difficult and sophisticated game, especially for the inexperienced.
     
    #12     Dec 30, 2020
    Nobert likes this.
  3. aplino

    aplino

    Nobert,

    Can you please elaborate on "master this craft"?
     
    #13     Dec 30, 2020
  4. Pardon me, but "LOL"! :)
     
    #14     Dec 30, 2020
    Cabin111 and Nobert like this.
  5. I can imagine how you've heard about all the Robinhood traders who took their government stimulus money, bought Tesla calls with it, and made a bundle. Let me assure you... it usually doesn't work like that.
     
    Last edited: Dec 30, 2020
    #15     Dec 30, 2020
    Nobert likes this.
  6. aplino

    aplino

    Agree, will take it slowly
     
    #16     Dec 30, 2020
    Nobert likes this.
  7. aplino

    aplino

    I heard about Robinhood, it does not attract me. I am educating myself on thinkorswim, option alpha and I like presentations of tastytrade. I admit that my head is spinning.
     
    #17     Dec 30, 2020
  8. There is nothing special about trading through Robinhood except "commission free*". But it's really NOT "free" as you "pay" for that in disadvantageous executions.

    Just as everywhere else in the world, "there ain't no free lunch"... investing/trading included.

    * The REAL cost in a trade is "commission + spread + slippage"... and in a case like Robinhood... also includes having your trade be "front-run" so that you pay a higher price on a buy or receive a lower price on a sell.
     
    Last edited: Dec 30, 2020
    #18     Dec 30, 2020
    Nobert likes this.
  9. aplino

    aplino

    Got it. I will stick with Ameritrade and I am considering to open a small account with tastytrade.
     
    #19     Dec 30, 2020
  10. For the most part, the broker you choose doesn't really matter much. You need to learn how to make "good, sensible" trades and exercise discipline... The vehicle you choose doesn't matter either... stocks, options, ETFs... no "especially good one".... It's up to you to be smart and disciplined.
     
    #20     Dec 30, 2020
    Nobert likes this.