Secret 4STICK A TOE IN THE WATER
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During the seventeen years that I wrote The Complete Option
Report newsletter, I found that many of our subscribers
never traded an option. Although I don’t have hard statistics, my
guess is that 50% to 70% read the report and left it on the cocktail
table. Why? They could not build up the nerve to trade.
The beauty of options is that you can play and risk very little.
Options can cost as little as $5.00 (the cost of a cocktail) to
control 100 shares of stock. And when you buy options, the most
you can lose is what you pay for the option, nothing more.
Consequently, buying options is the best way to start trading
options. Avoid entering spreads or option writing. Just buy a
small number of options to get your feet wet. If it’s only going to
cost you the price of eating dinner out, why not give it a try. Also,
as you read this book, you will discover some hidden secret
strategies to buying options.
The key is to break the ice, and even if buying only a few
cheap options is not economical from a commission standpoint,
at least you get in the game.
Though you might be planning on entering far more risky
or complex trades, such as spreads or option writing, I suggest,
to gain experience, that you start by taking some very small positions.
Again, only stick one toe in the water. Then if you make
some mistakes, you will not pay a high tuition for your experience.
Here you’re still in preseason, but you have some of your
real money on the line, which provides for a much more meaningful
learning experience.
Overall, no matter how good the situation may look, avoid
plunging into the water!
During the seventeen years that I wrote The Complete Option
Report newsletter, I found that many of our subscribers
never traded an option. Although I don’t have hard statistics, my
guess is that 50% to 70% read the report and left it on the cocktail
table. Why? They could not build up the nerve to trade.
The beauty of options is that you can play and risk very little.
Options can cost as little as $5.00 (the cost of a cocktail) to
control 100 shares of stock. And when you buy options, the most
you can lose is what you pay for the option, nothing more.
Consequently, buying options is the best way to start trading
options. Avoid entering spreads or option writing. Just buy a
small number of options to get your feet wet. If it’s only going to
cost you the price of eating dinner out, why not give it a try. Also,
as you read this book, you will discover some hidden secret
strategies to buying options.
The key is to break the ice, and even if buying only a few
cheap options is not economical from a commission standpoint,
at least you get in the game.
Though you might be planning on entering far more risky
or complex trades, such as spreads or option writing, I suggest,
to gain experience, that you start by taking some very small positions.
Again, only stick one toe in the water. Then if you make
some mistakes, you will not pay a high tuition for your experience.
Here you’re still in preseason, but you have some of your
real money on the line, which provides for a much more meaningful
learning experience.
Overall, no matter how good the situation may look, avoid
plunging into the water!