Replies to post #583 on Option Education

[jukemaster]

Jarvis,

I recently switched over to TDA from Scottrade because of TDA's platform, what a difference.

Haven't even scratched the surface on the new platform but love it so far and there are tons of educational resources available that I too have yet to dive into.

I believe I have both Tier 1 & 2 available to me but could be wrong. And guessing here but I would say the length of time or 'experience' you state you have trading such is a big determining factor for them. I indicated several years (3+) I believe and I doubt they would know if you were to exaggerate a bit if you feel comfortable doing so. The fear of 'the unknown' keeps me from gambling too largely and losing it all so as it currently stands I am content with whatever tiers I have available.

Where do you see which tiers you are eligible for?

[Parabelle]

I had to call them and verbally prove that I understood them to get approved. I now understand their approval process, I lost a boatload when I first started trading them. I might have known how to execute an order but It doesn't mean a thing because I didn't understand things like time decay or the Greeks!