Option Education

[leemalone2k3]

yup

Practice these strategies on paper for a few months and you can really get creative as well as consistently make profits.

Many people try to get the big bang with options but the risks are so high that they wipe out thier accounts. I like higher probability plays more than the multibaggers. If I believe that multibaggers are still available after taking a profit on a spread I will hold a portion of them long and collect on them.

Capital management is the key with options. Never put too much into an option play because you may need to hedge your position at any given moment. I consider a good trade not only one that makes me a profit , but also one that may have lost money but limited the loss to a small amount instead of a huge amount.