Hi,
We are final year business students, currently undertaking a group project ' Sunrise Online Options Trading Co'. The attached link is a customer survey and will be used for DCU assignment purpose only.We will appreciate if you could spend 2 mins to fill in the survey.
Thanks very much for your time!
Please click the link below:
http://www.surveymonkey.com/s.aspx?sm=4xNjv_2fAj7OZLcw_2fto1ZxcQ_3d_3d
I've been trading American Options for the last 6 months. Really had great fun. I enjoy doing the Technical and Fundamental analysis.Applied a good few strategies( Calender Spread,Long Straddle,52 week High/low, as well as some directional trading). I lock my profits usually within a few days after placing my trades. Made some significant profits within a few days.I am happy with what I am doing now at spare time.
As a beginner with trading options, I summarized the following personal memo:
1.Always make sure you pick the right stock
2.Do not sell naked
3.dont not be greedy,be good at time and money management
4.Buy cheap options only
5.Buy options with expiration date at least 60 days from now
6.Keep your ear open to news
7.Hav a fancy PAD with u,ensure u can close ur trades no matter where u are.
Just wondering if any one is also trading options, can exchange some practical opinions and techniques.
One thread on the same topic is enough guys. No need to post it twice.
Hi Sunrise,
You might get more of a discussion at www.trade2win.com
I've only ever done virtual trading but plan on getting into the real stuff when I can get a it of cash-flow going.
Out of interest :
What capital did you feel was sufficient to start up?
What have been your influences?
Who do you use?
When you started off, how much exposure have you left yourself open to?
Any other info?
This is open to anyone else who wants to share of course :)
I know the strategies you're implying, I just haven't put them into use with capital yet, still playing with a simulator!
I've been trading American Options for the last 6 months. Really had great fun. I enjoy doing the Technical and Fundamental analysis.Applied a good few strategies( Calender Spread,Long Straddle,52 week High/low, as well as some directional trading). I lock my profits usually within a few days after placing my trades. Made some significant profits within a few days.I am happy with what I am doing now at spare time.
As a beginner with trading options, I summarized the following personal memo:
1.Always make sure you pick the right stock
Incorrect: Picking the right stock has nothing to do with making money from trading !
2.Do not sell naked
Incorrect: This is what the pros want you to think as over 80% of traded options expire worthless - but not for the light hearted !
3.dont not be greedy,be good at time and money management
Correct
4.Buy cheap options only
Incorrect: Sell expensice options at the right time !
5.Buy options with expiration date at least 60 days from now
Incorrect: Sell expensive options with at least 30 days to expiration.
6.Keep your ear open to news
Incorrect: The only thing you need to know about news is at what time the reports are released - and do not trade at those times !
7.Hav a fancy PAD with u,ensure u can close ur trades no matter where u are.
Not realistic unless you are daytrading and are in complete control !
Just wondering if any one is also trading options, can exchange some practical opinions and techniques.
Yes, I do, but only Index Options and only selling, no buying. As for sharing, not at the moment as my main focus is daytrading stocks and index futures.
Rgds,
Article43
2.Do not sell naked
Incorrect: This is what the pros want you to think as over 80% of traded options expire worthless - but not for the light hearted !
I think the point to note here is that if 80% of options expire worthless, some of the remaining 20% will expire deep in the money: this is what you need to hedge against. You should be thinking in terms of expected value rather than percentage of options expiring profitably.
An analogy would be rolling a die: if you roll a six, I pay you ten euro, but if you roll anything else, you pay me one euro. Now, over 80% of your rolls will be less than worthless, costing you a euro. However, over the course of many rolls, I will lose money by "selling" you the chance to play this game.
sunrisetrading
Always make sure you pick the right stock
Article43
Incorrect: Picking the right stock has nothing to do with making money from trading !
Amazing grace, how sweet the sound
That savd a wretch like me!
I once was lost, but now am found,
Was blind, but now I see that Picking the right stock has nothing to do with making money from trading .
