Supplement retirement income

You either go for the kill and master this craft or forget about options/20% and choose passive with long in spy, voo, qqq.

There's no in-between, cuz one slip and account might suffer a major blow (due the lack of skill), while time horizon is getting shorter.
 
Nobert said:
You either go for the kill and master this craft or forget about options/20% and choose passive with long in spy, voo, qqq.

There's no in-between, cuz one slip and account might suffer a major blow (due the lack of skill), while time horizon is getting shorter.
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Ditto.

Trading options is a difficult and sophisticated game, especially for the inexperienced.
 
aplino said:
Nobert,

Can you please elaborate on "master this craft"?
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I can imagine how you've heard about all the Robinhood traders who took their government stimulus money, bought Tesla calls with it, and made a bundle. Let me assure you... it usually doesn't work like that.
 
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Scataphagos said:
I can imagine how you've heard about all the Robinhood traders who took their government stimulus money, bought Teslta calls with it, and made a bundle. Let me assure you... it usually doesn't work like that.
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I heard about Robinhood, it does not attract me. I am educating myself on thinkorswim, option alpha and I like presentations of tastytrade. I admit that my head is spinning.
 
aplino said:
I heard about Robinhood, it does not attract me. I am educating myself on thinkorswim, option alpha and I like presentations of tastytrade. I admit that my head is spinning.
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There is nothing special about trading through Robinhood except "commission free*". But it's really NOT "free" as you "pay" for that in disadvantageous executions.

Just as everywhere else in the world, "there ain't no free lunch"... investing/trading included.

* The REAL cost in a trade is "commission + spread + slippage"... and in a case like Robinhood... also includes having your trade be "front-run" so that you pay a higher price on a buy or receive a lower price on a sell.
 
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Scataphagos said:
There is nothing special about trading through Robinhood except "commission free*". But it's really NOT "free" as you "pay" for that in disadvantageous executions.

Just as everywhere else in the world, "there ain't no free lunch"... investing/trading included.

* The REAL cost in a trade is "commission + spread + slippage"... and in a case like Robinhood... also includes having your trade be "front-run" so that you pay a higher price on a buy or receive a lower price on a sell.
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Got it. I will stick with Ameritrade and I am considering to open a small account with tastytrade.
 
aplino said:
Got it. I will stick with Ameritrade and I am considering to open a small account with tastytrade.
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For the most part, the broker you choose doesn't really matter much. You need to learn how to make "good, sensible" trades and exercise discipline... The vehicle you choose doesn't matter either... stocks, options, ETFs... no "especially good one".... It's up to you to be smart and disciplined.
 
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