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Re: saigai post# 27682

Friday, 04/26/2024 11:50:03 AM

Friday, April 26, 2024 11:50:03 AM

Post# of 27842
lol, well, it's not as hard as it may appear...it's actually very easy to trade options...they trade just like stocks, only you have time frame to deal with...the cost of the options is the most you can lose...if I was wrong & market crashed into today...I'd have lost $7500, that's it...limited loss...profits on other hand are wherever you sell higher...my profits around $38k, but could have easily been over $100k if I'd held...key to options is timing...I've been burnt so many times, but keeping my losses limited is key...I was extremely confident, so I went for it...I normally try to stay around $1k max on options...this was the exception & it paid off very well.

You must have $25k (some places require more I'm told) to open options in account...

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