Also you can learn from the CBOE free tutorials, eg Dan Sheridan
http://oiwebcasts.cboe.com/portal/v_g.asp?G=5
Lots of good stuff. His early video recommends paper trading then trade with $2000 and see if you can make money consistently for a few months; then slowly increase that amount...
Hi PL:
Thanks for your quick reply and the useful links. I am reminded of the usefulness of EBAY thru you constantly ;-)
I tend to see some things at a particular vendor (eg TigerD.) and want to get everything there. Bad habit. Pays to shop around.
Hi Mark:
I think Investools/Optionetics are coining their own cheezy abbreviation for their students. LOL
http://www.insanemoney.com/open-oih-sept-bear-call-spread-brcs/
http://www.optionetics.com/search.asp?keyword=BRCS...
Mark wrote:
Example: buy a one-lot of an iron condor with wings that are 10 points apart. Collect (for example) $300.
You can afford to risk only $300 per trade. Thus, stop yourself out when the IC moves to $6. That way trading iron condors is very feasible. This trade has a good...
Hi Phil:
Have enjoyed all your posts on archive on ET. You and others here may well have the advanced options knowledge to construct this. Thanks for any response.
Joe