Most successful option traders I know expect to double their money annually. Once again, it takes years of study to fully understand how to trade options. Most amateurs enter option trading with a casino-customer mentality : strike it big and fast need a good deal of luck to do that and end up losing everything You have to study for years and then be patient and emotionless when you get into this field… Can you make money? Definitely so but it is not for amateurs. Few ever consider those ramifications.
I did this twice recently, thinking there is no way to get called. Thanks for the article. Using a long term investor mentality to options, by writing covered calls and puts on safe dividend aristocrats is the only way to assure gains in any market.
Stay out of currency trading, penny stocks, new issues, options, futures or any high-risk investments. This way, while you may experience modest losses when markets drop, you should show overall positive results over time. Click here to cancel reply. Please be respectful with your comments and help us keep this an area that everyone can enjoy.
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