Sunday, June 19, 2016 12:01:04 PM
Well, for some that may be the best choice, but OPTIONS are far and away the best way to get to that next level we all seek.
But, any skill or trade comes with education, and there is no such thing as a free education. Think of these losses as Tuition.
Two major hints for options:
1) Whatever exp date you just " know will be in the $ by " , add at least 50% more time than you are thinking .
2) Whatever X price you are eyeing, lower it. There's nothing wrong w buying contracts already In the money .
" but those lanes cost more?! "
You get what you pay for.
Lil bit of something ( small profit ), better than a whole lot of nothing ( expiring worthless) .
You should not engage any trade unless it meets your parameters. If you don't have any , best get to writing some down and obey them. You don't have to trade every trade , but one of the hardest parts of trading : patience.
The need for " action " can trump our logic gained by years of hindsight in the blink of an eye.
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