Also, those looking to jump into the options game should start SMALL on their first bet, with the goal of making a SMALL profit.
Betting $200 and selling for even a $10 profit(after commissions) will be more profitable in many ways than just making $10... The EXPERIENCE of how the buy and sell process works is important and being able to walk away with ANY KIND of a profit on your FIRST TRADE will make ya feel good... As Mikey (xbigshot) often states... "Just get into the groove of making money, even if its small profits"... Those aren't his EXACT words, but its a wise POINT he is making. Its a worthy reminder for those that have heard the whole spiel in Bill Panetta's live trading room.
My posting contains many opinions. So please do your own research and validation.
