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Options
- Thread starter Hardy
- Start date
you buying options or writing them?
Buying them might be do-able considering the leverage options give you, you can make some pretty big plays with 1K. For you, I recommend scottrade. They rip you off if you do any kind of size w/ options (they charge you 7 + 1.25), but you won't be doing size.
Another broker is tradeking, they might work for you. Cheapest possible solution for someone w/ only 1K
If you're thinking about writing options w/ 1K, forget it. You can't even write 1 contract for most stocks, and no broker's giving you writing privileges w/ 1K.
Buying them might be do-able considering the leverage options give you, you can make some pretty big plays with 1K. For you, I recommend scottrade. They rip you off if you do any kind of size w/ options (they charge you 7 + 1.25), but you won't be doing size.
Another broker is tradeking, they might work for you. Cheapest possible solution for someone w/ only 1K
If you're thinking about writing options w/ 1K, forget it. You can't even write 1 contract for most stocks, and no broker's giving you writing privileges w/ 1K.
Hardy, are you a swing/daytrader?Use Fundamentals or technicals or both? Trading E-mini or YM is probably easier if you have a technical basis or stable plan. There are a ton of questions you need to answer before you decide. I believe optionsXpress has a paper trade page so you might open an account there (you don't need to fund it) and just paper trade stocks/options/futures until you decide which one you want to stick with. Understanding of course that paper trading is not comparable to real trading.
Just don't think that options are stocks on steroids and trade options as you might stocks.
You aren't too young to start your journey but get some education under your belt while you save up a decent amount to trade with.
Just don't think that options are stocks on steroids and trade options as you might stocks.
You aren't too young to start your journey but get some education under your belt while you save up a decent amount to trade with.
I think buying is the way to go with 1k..... but you should just stick with equities for now.
I have been shopping around for more discount broker. I'll probably throw in 8k, what kind of writing priveledges will be provided?
I need a numerical example, because I don't really know what Interactive Brokers means with their price formulation.
NYCDT
I have been shopping around for more discount broker. I'll probably throw in 8k, what kind of writing priveledges will be provided?
I need a numerical example, because I don't really know what Interactive Brokers means with their price formulation.
NYCDT
Quote from nycderivtrader:
I think buying is the way to go with 1k..... but you should just stick with equities for now.
I have been shopping around for more discount broker. I'll probably throw in 8k, what kind of writing priveledges will be provided?
I need a numerical example, because I don't really know what Interactive Brokers means with their price formulation.
NYCDT
Open an account with IB if you got > 5K. You have to say you have good/excellent knowledge of options, and they'll let you trade them. there's no bullshit trading levels there. You get full privileges, or none, and they usually give it to you.