No sir, you should not be trading options. Stick to your profession and if you are interested in the subject as a hobbie, I suggest for you to pick up a few books to read on the matter.
Should a seafarer / sailor trade options?
- Thread starter Malaya
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Options are fine. You can buywrite options. YOu can buy straddles, calls, puts, spread, whatever. What you can't do is trade an active portfolio. Run risk and trades that you don't have to look at for 2 weeks. This would mean probably cash secured trades on trades where you have extremely wide stops.
For example, you can just buywrite the SPX index on a monthly basis.
For example, you can just buywrite the SPX index on a monthly basis.
6 months sailing 2/3 months on shore still no to options?
What is relevant is your experience / knowledge of the markets, which I assume are next to none (?) If that is indeed the case, you are proposing to dabble in trading the more complex end of the curve of the commonly accessible trading instruments; you would be playing with fire... With no protective gear... While covered in gasoline. Woosh!
But maybe the question to ask is what is the purpose of this endeavor? Is it entertainment? There are far less costly hobbies. Alternately, to turn trading into a SIDE HOBBY w/ some hope of productively morphing into some form of successful campaign... Step 1... is... education (not trading). Thus the suggestion to perhaps READ a few books instead of coming out swinging cock in hand.
But even that suggestion is a disservice to you as you might gain enough confidence... Know just enough to be dangerous. Options are not for you.
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Thank you I'll just buy a put on spy if it doesn't work I'll get 100 shares (long spy stock if it doesn't get into profit I'll just conver the loss to spy stock and hold - forever)
I'm Reading some ebook on options and still not clear with the jargon.
We don't call left or right,we say port & starboard @ vessels
If it is a good idea for you to trade options, it is a good idea for me to take control of the helm of your vessel during a fueling procedure at sea. What could possibly go wrong?
I did not understand what you intend to do be assigned long stock by buying a put option? I suspect you do not at all understand what rights these instruments give.
But I know this: Options are not for you, leave them off the port stern
I did not understand what you intend to do be assigned long stock by buying a put option? I suspect you do not at all understand what rights these instruments give.
But I know this: Options are not for you, leave them off the port stern
Ok thanks for the advice
What region btw? Dari Malaysia anda?
One man's advice:
1. I have met very few traders who can be profitable trading manually.
2. With this in mind, I recommend developing an automated system, purchasing an automated system, or giving your money to a hedge fund.
3. If you develop or purchase an automated system and you cannot be at your desk then you must run your system on someone's server. There are businesses who offer this solution. It's not a bad idea even if you are home a lot.
4. Stay away from options. You don't need to trade options to be successful. The current trend in options is to sell spreads, but spreads can still be very dangerous.
5. Consider an intra-day only system (system that exits all positions before end of day) to avoid after hours shocks.
6. Consider doing something other than trading. It can be a brutal career choice with no guarantee of success after many years of hard work.
1. I have met very few traders who can be profitable trading manually.
2. With this in mind, I recommend developing an automated system, purchasing an automated system, or giving your money to a hedge fund.
3. If you develop or purchase an automated system and you cannot be at your desk then you must run your system on someone's server. There are businesses who offer this solution. It's not a bad idea even if you are home a lot.
4. Stay away from options. You don't need to trade options to be successful. The current trend in options is to sell spreads, but spreads can still be very dangerous.
5. Consider an intra-day only system (system that exits all positions before end of day) to avoid after hours shocks.
6. Consider doing something other than trading. It can be a brutal career choice with no guarantee of success after many years of hard work.