Your goal as an options trader is to move the odds in your favor wherever possible to ensure the success of your trades. Everyone likes to talk about their successes, but it's really the mistakes that teach us the most.
Even professional traders have taken a lot of lumps in their careers, so let's review some of the most common (read: most costly) mistakes that people make when trading options. I hope this will save you a lot of time, money and frustration as you embark on your options trading journey!
- What's Hot: DELL, DHI November 20, 2009
- Sidewinder: MCD, DKS, JPM November 20, 2009
- Options News: SII November 20, 2009
- Sidewinder: CY, ADSK, KG November 19, 2009
- Options for Dummies November 19, 2009
You don't have to buy the same number of contracts with every options trade you make, especially when trading the options of higher-dollar stocks.
3 Secrets of Successful Day Traders
What the pros know can help to keep regular traders from getting scammed.
This isn't our parents' stock market, thanks to the explosion of the derivatives markets during the past few decades that we can use to our advantage!
Avoid This Simple Mistake When Trading LEAPS
To keep from getting 'ticked' off when trading LEAPS, you need to know exactly what you're buying.
