Trading options
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What type of set up would you look for?
Buying near the money best for beginners? I see some traders buying pretty far out of the money on weekly's but can't understand the strategy.
Playing what's hot I see. And I guess you can just keep playing it over and over.
Paper on FSLR DEC12 34C at .30
edit: Didn't realize how high it was up already :/
FRZT shaping up for round 2
I know I will get to points like that at some point. Been paper trading and studying charts and trends as much as I can. What did you realize during the refocus period?
I love hearing stories like this. Started learning about this....about 4 days ago now lol
My fake puts not looking good on that one lol
Late start today...morning peeps!
Wow! *Goes back to studying*
Will do!
Thanks..bought a weekly put on it earlier in my paper trade account but I may have jumped the gun before a solid confirmation.
For Put maybe?
How do you determine how far out the money you buy a call or put? In your approach.
SPOM moving!
Paper trading GMCR. Put in a put looking at the daily chart this morning. Got stopped out at 10% loss and put in a call right after. 39 strike at $1.63
Morning peeps!
Thanks Max
I won't stop until I do Mikey. I promise you that.
Makes sense. I see some traders getting weeklys and monthly in the same stock. Now I understand. Thanks!
Thanks Lobo!
Question for the board...I understand weekly options vs monthly options but in which cases would you utilize one type over the other? More profit potential?
Have a good weekend everybody!
nice! NNAN .002
NNAN .0019 up!
Morning peeps!
I keep getting an error message with the chat room. Connection error
My first paper trade that's exactly what happened. Thought it was a glitch lol
That's nuts
Just holding what I have and waiting lol
Lobo! Sup man! Yea I'm going to give these a try. Pennies starting to annoy me lol
Oh don't worry. Going broke in my paper trade account
In the process of making the transition from OTC now lol
Yep very slow day and a good number of whackers out.
Thanks!
Switching brokers to start trading options...I keep hearing TDA is the best for options. What's the general feeling on that? I know it's mostly preference but I want to make this transition as easy as I can.
Well I'll be an awesome trader in due time because I'm losing my a$$ on these paper trades lol
Will do thanks
What do you mean by safest? First week paper trading these and I'm completely lost lol
VDSC .0017 hitting