N
NorC@liGrower
Only thing I've been playing since the Fed minutes came out on 5-22 are SPY puts. Up 100%+ since yesterday. Looks like SPY ready for another 5% drop from here at the least. Leading/good stocks simply cannot sustain any moves to the upside and this won't change any time soon.
Yesum...I started trading/investing around 1992. Some of it is simply staring at a monitor for 8 hours a day day after day after day watching numerous stocks and how they act. Learn basic chart patterns like head and shoulders, ascending/descending/symmetrical triangles, double/triple bottoms/tops, etc. Keep it simple with price and volume. RSI is another good indicator. Moving average crosses are usually a bit late so RSI good to follow as a leading indicator especially when dealing with something like options.
It ain't easy. Your investing/trading style should fit your personality. I say don't even think about options until you get good at stocks. Options are multi dimensional and CrAzY. You're dealing with time value/decay also. Spreads on many options are a bit tough to swallow. Enter some positions and down 20% at the click of a button. Volatility can work for/against you. You can be dead on with the stock doing something and if you're a day or two off sometimes with your entry you can miss the move. A 10% move in a stock can easily translate into a 100% move in the underlying option...IF you get the right strike lol.
Investors Business Daily is a great resource to learn how to invest and how to locate solid companies/stocks. William O'Neill been at it since before I was born. Trading is another story. After you learn daily charting then go intraday for better entries.
Learn basic candlestick charting.
I've seen people turn $500 into $75,000 in 24 hours with options. If they held that position another 24 hours would have been $150,000. Getting a 1,000% return is great and not easy. Best I ever did was about 800%. You're doing good if you make ANY money with options.
Paper trading is wonderful yet does not take into consideration any emotions. Simulators are OK. Real life a different story.
Good Luck!
Yesum...I started trading/investing around 1992. Some of it is simply staring at a monitor for 8 hours a day day after day after day watching numerous stocks and how they act. Learn basic chart patterns like head and shoulders, ascending/descending/symmetrical triangles, double/triple bottoms/tops, etc. Keep it simple with price and volume. RSI is another good indicator. Moving average crosses are usually a bit late so RSI good to follow as a leading indicator especially when dealing with something like options.
It ain't easy. Your investing/trading style should fit your personality. I say don't even think about options until you get good at stocks. Options are multi dimensional and CrAzY. You're dealing with time value/decay also. Spreads on many options are a bit tough to swallow. Enter some positions and down 20% at the click of a button. Volatility can work for/against you. You can be dead on with the stock doing something and if you're a day or two off sometimes with your entry you can miss the move. A 10% move in a stock can easily translate into a 100% move in the underlying option...IF you get the right strike lol.
Investors Business Daily is a great resource to learn how to invest and how to locate solid companies/stocks. William O'Neill been at it since before I was born. Trading is another story. After you learn daily charting then go intraday for better entries.
Learn basic candlestick charting.
I've seen people turn $500 into $75,000 in 24 hours with options. If they held that position another 24 hours would have been $150,000. Getting a 1,000% return is great and not easy. Best I ever did was about 800%. You're doing good if you make ANY money with options.
Paper trading is wonderful yet does not take into consideration any emotions. Simulators are OK. Real life a different story.
Good Luck!