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Originally Posted by Dave Kaminski  Thanks. I've heard stories about guys who lost a lot of money in options before they started making any money. I've been investing time and money in options books so I can get my feet a little wet first. I'll be jumping in in January hopefully! |
Dave, listen to Richard closely.
The hard part is not the mechanics of the trade, the hard part is the speculation. It's very hard to win trades consistently for the long term.
Read this book from front to back:
Amazon.com: Stan Weinstein's Secrets For Profiting in Bull and Bear Markets: Books: Stan Weinstein
The book is significant not because the trading system outlined is the holy grail, but because it takes you step by step in the development of an *objective* trading system. This is extremely important.
Trading options is just a vehicle for making money; if you're not on the right side, who cares what you're trading, you're still losing money.