General Question

wuda's avatar

What are the best practices/techniques for options trading?

Asked by wuda (2points) January 31st, 2010

Are there websites that help you keep track of your trades? How do you decide whether to sell/buy? How much time do you spend making that decision? Which graphs/data help you make that decision? How many trades do you make per month? How much return do you shoot for?

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7 Answers

j3fr0's avatar

Forget the websites, it’s all about experience… =D

j3fr0 (286points)“Great Answer” (0points) Flag as…
qashqai's avatar

I could tell you but then I’d have to kill you.

qashqai (2465points)“Great Answer” (0points) Flag as…
DrC's avatar

If you are going to do options trading, use a trading platform that facilitates this the best and charges decent commission fees. Think or Swim is one of the best rated ones. You fund your account and then you can trade stocks, options, even Forex. You should read a few books about options trading before you start. The nice part about some of the trading platforms is that they offer virtual trading – where you can make virtual trades with virtual money just to practice. Again – pick up some books on options strategies.

DrC (945points)“Great Answer” (1points) Flag as…
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ItsAHabit's avatar

Research has demonstrated that trading options is a good way to make a small fortune…if you start out with a large fortune. About 90% of those who have traded options lose money. The only consistent winners are the brokers.

ItsAHabit (2302points)“Great Answer” (0points) Flag as…
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