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Re: bhtaylor29 post# 114269

Saturday, 07/07/2012 1:27:14 PM

Saturday, July 07, 2012 1:27:14 PM

Post# of 366123
A word of caution on trading options. Without knowing how they move, knowing the ever changing volatility, knowing how the greeks effect movement, and so much more, you can think you're trading correctly and then wonder why all you investment just disappeared. Options are a crazy bitch my friend. Continue to do what you're doing and stuff your brain with option education.
Take it from me, 2 years ago I had no idea what I was doing but I jumped in trading options anyway. The first 3 weeks I made $38000, mostly on playing earnings calls on fast moving techs like FNSR, JDSU, JNPR and CIEN, dude I was on cloud 9, bragging to my friends and family that I found the holy grail of trading. Jump to 6 weeks later and all that profit went up in smoke. I got greedy and stupid and played like 10-12 at a time. Blew it all up. So be careful, learn everything, paper trade as much as you can stomach and godspeed brother, GLTU
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