Seeking Advice on Starting Options Trading
Hi everyone,
I'm new to the world of options trading and I'm eager to learn more about how to leverage small investments for potentially larger returns. I'm aware that options trading can be complex and carries significant risk, but I'm willing to put in the effort to understand the strategies and nuances involved.
I would greatly appreciate any advice or tips from experienced traders on how to get started. Specifically, I have a few questions:
What are some good underlying assets (stocks, ETFs, etc.) to start with for a beginner in options trading?
Which strategies are suitable for someone looking to maximize gains with relatively small investments?
Are there any resources, books, or courses you would recommend for learning the basics and more advanced strategies?
What are the common pitfalls to avoid when starting out with options trading?
Thanks in advance for your help!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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BuyingHighSellingLow : try out paper trading to familiarise urself with option trading
The Carpenter : Don't go into it blind, learn the basics at the very least. You can lose a lot of money quickly, don't ask me how I know.
Laurence john tawil The Carpenter: yes carpenter is very right I concur
Calvin Hobbs 1014117 : Paper trade for two years
STD0313 : I will tell you this, if you are unable to find the trends in the underlying assets, then your options trading will be meaningless. Have you figured out a system that you use to identify what a stock is going to do?
Paper Trade.
It's Prolly not what you want to hear, but it seems to be the #1 answer
White_Shadow : paper trade till competence arrives
Pre-Malone BuyingHighSellingLow: Thanks! I'm trying on it