Why Options Why Now

Here is why...

Trading is an ideal business

http://insideouttrading.com/tayb30/tayb30.html

It IS a business

Click here:
http://www.insideouttrading.com/tayb/tayb.html

7 deadly sins of options trading by Ron Ianieri

They are:

1.Not fully understanding the independent effects of time and volatility on your option.

2.Forcing a pre-selected strategy on every opportunity.

3.Not fully understanding the proper meaning of leverage as applied to trading.

4.Not fully understanding the foundations or building blocks of option theory.

5.Thinking that cheapness or expensiveness of options is determined by dollar cost.

6.Overcomplicating otherwise simple strategies.

7.Not knowing how to pick the correct option for the selected strategy.

Candle Stick Chart

Andrew Baxter uses Candle Stick Chart to identify trends.

Profit better than loss. Close trade when profitable....

Another thing that i learnt today is that we don't have to wait until expiration day to make profit. As long as we make profit, close the trade! That's simple. Profit, even small is better than loss...(do not be greedy)

Do NOT sell naked options

My first day listening to EliteOptionMastery Course. Learn something very important. I used to selling put. Made some profits, but made a few BIG loss. Now, i think i should agree with Andrew, NOT to sell put!