So I started getting into Options trading, i think, i like it. its
less complicated than Forex market. yet its more challenging than stock
trades. with so many strategies to play with, there is potential for
many things to happen.
But its a business of buying and
selling contracts sort of like real estate. but a lot more flexible yet
diverse in it's own ways. i do see the potential of why people like
to add Options to their arsenal.
Many people fail
because they tend to make things more complicated then it should be.
That is why i wrote the book in the post below this one
Penny Scryer.
Penny Scryer
is a handbook with a strategy to help u maintain focus on the goal and
keeping your portfolio nicely balanced with patience. Of course many
people think stock markets is gambling but it does time and discipline
to master the art of trading.
To be able to plan a
month to month risk reward, guideline is a great way to set yourself up
for a rewarding income as a full time trader. it will take getting up
early and studying the markets consistently, but it will payoff once you
figure out your style.
Did Babe Ruth become a legend because he quit on the first strike out?
Its
the same while learning how to trade, with each strike you get closer
to home runs, you just need to find your zone. load the bases, and fire
that home run rocket.
if you can start with 10 plays
and work your way to 24 stocks you will be golden, 10 dividend paying
stocks, and the rest in whatever. 6 in Options, 6 in stocks or however
you see fit. as long as you make 15min. out of the day to monitor whats
going on.
If you do not have much time on your hands
set a GTC order, or just let it ride for a few months and log in to see
how its progressing. However you trade, this Trading Bible will help u
remember the goal, and a set up. easy to read no technical shit. just a
plan and some real talk.
Good Luck.