LOL
24 karma · joined October 2, 2020
Once more they make it look so easy, every mother and grandmother can do it, and even the 6 year old.
"Take Control Of Your Options" ...sure, until you realize you have absolutely NO CONTROL and you just burned your hard earned money.
Listen - it's not (only) about a product to become successful in the markets, it's about understanding and learning years and years.
Why the heck should people believe, that you simply can make money with in the markets with your phone, while others study for years and go to work every day and never stop learning?
This is just flat out another BS, PERIOD!
I trade options since many years. But I would never ever use my phone to trade options. You can not just choose from a simple strategy and press the GO button...keep dreaming ;-)
You have to know WHEN you have to use WHICH strategy. What do you want to accomplish with a options trade: - trade directional? - trade for income? - trade non directional and profit from a time decay? - hedge? - support another stock/futures strategy? - ...mix the above?
You have to analyze -what's the current volatility in the market -volatility in the expiry strikes etc (some expiration give you better prices) - what's your real risk! ..and how can you fix it when your idea is going down the toilet?
How can you use complementary products with Options (Stocks/Futures/Volatility Products like the VIX).
OK, enough ranting ;-) ...here's my advice for everyone who can stay away from trading by the phone and want it seriously:
1. Go to tastytrade.com - it's the absolute N1 learning resource for Options Trading on the internet. ALL FREE. 2. Apply everything you learn in a DEMO ACCOUNT 3. Do it for AT LEAST 1 year and TRACK your success
Learn to earn, period.
May all the luck be with you.
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Please help him out and thumb up his channel. We are a friendly group and everybody is welcome to learn, make friends and of course donate for Charity.
All that Matt is teaching is completely free and you can watch him live every day, how he trades his live accounts.
Channel: https://www.youtube.com/channel/UCAiadqtIuxMOBbzMHGk_aYQ
Strategy Video: https://www.youtube.com/watch?v=nRKXylSlNCY
Know the following: - to become a firm Trader, you should trade at least 6 Month in a Demo Account. This is to proove yourself that you can make it, at least in Demo.
- Matt's strategy is maybe not suitable for you. Maybe you like more Swing Trading on longer timeframes.
Be realistic with yourself. Imagine becoming a Pilot, or a Doctor. To make money in these jobs, you have to go through a learning process that takes years. So, don't fool yourself by thinking you can become a profitable trader within a couple weeks.
If you are new in Trading, be aware that over 90% of "Coaches", Strategies etc. is fake - they just want your moeny. Matt instead is real.
I suggest you take at least 2 Months, watching Matt's stream live, watch hes recorded sessions. Take another 2 Months for research about the different trading strategies, and while on the way, don't believe anyone what they say. Don't get blinded by the $$$ they promise. Don't buy anything, even if it sounds firm.
You should read two Books from a real Prop Trading professional:
One Good Trade:
https://www.amazon.com/One-Good-Trade-Competitive-Proprietar...
The Playbook:
https://www.amazon.com/PlayBook-Inside-Think-Professional-Tr...
Hope this helps & good luck.
However - I've developed other skills: a) Long Term Strategy: COT Trading (Committment Of Traders). I suggest you read Larry Williams about COT Trading - Google it!
b) Intraday Scalping: Develop a winning strategy, test it to prove yourself you can make money, and then trade it live, but not with your money. Go to TopStep Traders, invest a couple hundred bugs and see if you can make money consistently. If not, you only burn a couple 100s, and not 1000s
Hope this helps Wish you good luck!