I know a lot of folks don't even know where to begin with options.
And I know some folks who have had success in the past but have fallen on hard times, and could use a fresh start.
Let me help you out with some very straightforward tips for trading with options:
- Do your research: Before you trade any option, it is important to understand the underlying stock, the option contract, and the market conditions. You should also have a trading plan in place that includes your risk tolerance, your investment goals, and your exit strategy.
- Start small: Before you trade any option, it is important to understand the underlying stock, the option contract, and the market conditions. You should also have a trading plan in place that includes your risk tolerance, your investment goals, and your exit strategy.
- Use stop-losses: When you are first starting out, it is a good idea to start small and gradually increase your risk as you gain experience.
- Be patient: Trading options can be a profitable way to invest, but it is important to be patient and to avoid making emotional trades.
- Get the Roadmap on Your Side: If you're not using this tool when you set up your options trades from this day forward, I think you're giving up a huge advantage
With those five tips, you should have a lot more confidence every time you place an options trade from here on out.
And if you haven't seen the Roadmap in action yet, watch this presentation to see how it works.
See you on the flip side,
TBUZ
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