2 weeks in a gutter

[AbbotAle]

I agree, and another thing. Not only does it take literally years to fully comprehend trading but the learning never stops. I’m constantly studying while simultaneously trading. I study my trades and I also study other topics on the side to better my overall knowledge that can help me become a better trader.

I’ve been doing this about a decade now and I learn something new everyday

100% right attitude Sigma.

For me, I always like to look at 50 or so setups (screen dumps) in bed at night on a big 17" laptop. Not saying I'm anything special but this is the kind of work and effort needed, it never stops and it never ends...

 

[hungkangaroo]

Stop trading and take the necessary YEARS to perfect your game-plan.

That's probably what you don't want to hear but without that proper game-plan you haven't really got much of a chance.

Always expections to the rule but for most professional traders it takes YEARS to learn. Think about it? Trader A has taken the years (of pain, heartache, frustration etc), Trader B hasn't, he's jumped in the game and almost from day one is expecting to make steady profits. Where do you think the money is going to end up overtime?

Yes, and I absolutely agree with you but at the same time I did research on options and chart reading. It's easier to learn from experience at the same time as learning from the pros. Maybe I should take less risky lower priced options, until I have a better grip on certain situations.

 

[smallfil]

Yes, and I absolutely agree with you but at the same time I did research on options and chart reading. It's easier to learn from experience at the same time as learning from the pros. Maybe I should take less risky lower priced options, until I have a better grip on certain situations.

Lower priced options are not less risky. Why would it be? There are no free lunches on Wall Street. Cheap options are cheap because they are out of the money and you are likely to lose all your monies. Actually, deep in the money options which cost more and you would consider expensive are cheaper because it gives you an actual chance to make monies. Cheap options are just lottery ticket type of gambling. You might strike it rich and get lucky one time but, the other times, you just lose all your monies just like in Las Vegas.

 

[hungkangaroo]

Lower priced options are not less risky. Why would it be? There are no free lunches on Wall Street. Cheap options are cheap because they are out of the money and you are likely to lose all your monies. Actually, deep in the money options which cost more and you would consider expensive are cheaper because it gives you an actual chance to make monies. Cheap options are just lottery ticket type of gambling. You might strike it rich and get lucky one time but, the other times, you just lose all your monies just like in Las Vegas.

I mean options like amd vs apple or Microsoft. AMD has cheaper in the money options than the others.

 

[smallfil]

I mean options like amd vs apple or Microsoft. AMD has cheaper in the money options than the others.

Okay. Misunderstood you.

 

[lindq]

Yes, and I absolutely agree with you but at the same time I did research on options and chart reading. It's easier to learn from experience at the same time as learning from the pros. Maybe I should take less risky lower priced options, until I have a better grip on certain situations.

You in fact shouldn't be trading options at all until you can profit by trading the underlying.

Learn to drive before you install the nitro tank.

 

[murray t turtle]

Yes, and I absolutely agree with you but at the same time I did research on options and chart reading. It's easier to learn from experience at the same time as learning from the pros. Maybe I should take less risky lower priced options, until I have a better grip on certain situations.

%%
Sounds like you meant lower bid ask spread/rather than low priced hkangaroo;
floor traders said no such thing as a ,low priced option.They are less risk/in a limited sense/ easy to figure max loss.
Best thing is take some out of your account //invest in some trading books/library cards.
Me, prefer profits weekly/but no such thing as a business with no exspences/losses;
dividends work also..................2 weeks is less than 10% of 52 weeks.
Good question;
hate the word loss, so I call it a business exspence/some call that education/good.

 

[smallfil]

%%
Sounds like you meant lower bid ask spread/rather than low priced hkangaroo;
floor traders said no such thing as a ,low priced option.They are less risk/in a limited sense/ easy to figure max loss.
Best thing is take some out of your account //invest in some trading books/library cards.
Me, prefer profits weekly/but no such thing as a business with no exspences/losses;
dividends work also..................2 weeks is less than 10% of 52 weeks.
Good question;
hate the word loss, so I call it a business exspence/some call that education/good.

Just call it educational expense. Although, do not keep paying the tuition because your education just got more expensive. You need to get paid too, like in a salary (gains) otherwise, you would be working for free.

 

[murray t turtle]

Just call it educational expense. Although, do not keep paying the tuition because your education just got more expensive. You need to get paid too, like in a salary (gains) otherwise, you would be working for free.

%%
LOL
Strange stuff/trends this year;
2 libraries shut down for 50 days[open now]/ but both gave away a huge # of books. RE-read Stock Traders2019 Almanac last nite= SPY/DOW tend to be down AUG/SEPT. Not a prediction...……………………………………………………………………………………………………………….

 

[Rheanna Almond]

I profited around 5,000 three weeks ago and the past couple weeks have been nothing but losses. I made about 1,000 profit on Tuesday and lost it all and more since then. I'm new and I would appreciate helpful feedback on how to read charts and when is the best time to place calls.

You should know when and where to stop. Take a break, drink some water, and with a bit of luck you'll make more.