Absolute beginner looking for advice

Quote from WD40:

I hope you have already understood -- that you DO need to know how to trade stock before you can profit with options.

I mean you do need to have a prognosis of where the stock is going (up, down or sideways) before applying an appropriate option strategy.

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Good points, especially to buy right/timely;
book section,top green line this page have some helpful ones.

Especially 3 top trader books by Jack Schwager;
stocks, derivatives.
 
Quote from ra1:

Not necessarily so if you trade volatility.
ra1

Even then. Preferrably you understand common strategies and risk management of the underlying as well.
If buying books is an issue use eMule.
 
Quote from hirsch.im.wald:

Even then. Preferrably you understand common strategies and risk management of the underlying as well.
If buying books is an issue use eMule.

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Scotts;
And with all your getting , get understanding;
and get BIG Trends book by[watch this name ]Price Headly,
stocks,derivatives.:cool: That book lives its name.:cool:
 
Quote from WD40:

I hope you have already understood -- that you DO need to know how to trade stock before you can profit with options.

I mean you do need to have a prognosis of where the stock is going (up, down or sideways) before applying an appropriate option strategy.

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I have a good background in trading equities - 10 years experience. It's the maths that are a bit difficult.
 
Quote from ScottS:

Quote from WD40:

I hope you have already understood -- that you DO need to know how to trade stock before you can profit with options.

I mean you do need to have a prognosis of where the stock is going (up, down or sideways) before applying an appropriate option strategy.

----------------------------------------------------------------
I have a good background in trading equities - 10 years experience. It's the maths that are a bit difficult.

I still count using my fingers:D it hasn't hurt my trading in the least...
 
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