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S&P 500
5,864.67
(
0.40%
)
US TECH 100
19,783.20
(
0.68%
)
Dow Jones
43,275.91
(
0.09%
)
Brent Oil
72.94
(
0.00%
)
Bitcoin
68,194.84
(
-0.24%
)
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Blackbelt1

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Blackbelt1

Re: DowDeva post# 6281

Thursday, 01/13/2005 12:56:56 PM

Thursday, January 13, 2005 12:56:56 PM

Post# of 51861
PMiles--

I agree that time decay is one of the bigger risks even if you're sure of market direction. After you know the market direction, then precise timing is the key to successful options trading.

I like to think of the options profit zone being like the tiny window for bringing the space shuttle back to Earth. If the descent is too shallow, the shuttle will bounce back into space. If too steep, it will burn up.

Likewise your entry into options needs great precision. I'm exaggerating a bit but not too much.

Black
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