hpfiend Posted November 12, 2007 Report Share Posted November 12, 2007 Hey all, Curious to know if anyone on here has ever played options in the stock market... or baby options at hedgestreet.com Always been tempted just too ignorant too practical.. Quote Link to comment Share on other sites More sharing options...
Akula Posted November 12, 2007 Report Share Posted November 12, 2007 look for writing covered calls coveredcalls.com I have a friend that made about $60,000 in a month (granted he has a pile in but still). Quote Link to comment Share on other sites More sharing options...
Tractor Posted November 12, 2007 Report Share Posted November 12, 2007 Well options are risky enough that you have to get cleared by most firms like scottrade to trade options. You really gotta know what your doing to do well and even for most day/swing traders they are much to risky. If your trading stocks a few times a week and doing well you might look into it but get practice with them first and read a lot of info about them while your at it. Evan Quote Link to comment Share on other sites More sharing options...
RX-7 Addict Posted November 13, 2007 Report Share Posted November 13, 2007 be careful out there.. The MM's like to screw the little guy especially in the options market Quote Link to comment Share on other sites More sharing options...
Kevin R. Posted November 13, 2007 Report Share Posted November 13, 2007 I wish I knew what all that shit meant. Quote Link to comment Share on other sites More sharing options...
hpfiend Posted November 13, 2007 Author Report Share Posted November 13, 2007 thanks all, I am going to read all about this covered call strategy- it seems intriguing after a quick scan.... Vegas on steroids from the comfort of your own desk. Quote Link to comment Share on other sites More sharing options...
Tractor Posted November 13, 2007 Report Share Posted November 13, 2007 Also check out http://www.investopedia.com to get a lot of good info about all types of investing. They also run a real time real market simulator that I use to test trades. http://www.superiorinvestor.net/ is also a great forum and they have an options trading section that might have answers for you. Evan Quote Link to comment Share on other sites More sharing options...
koolrayz Posted November 13, 2007 Report Share Posted November 13, 2007 Ive done it using my scottrade account. It's like another job studing and keeping an eye on things. I made over $5500 on my best month. I lost money the last quarter I did it. I made good money overal but it was work. It pissed me off that i lost money and had to work to do it so I stopped. That was about a year ago. Quote Link to comment Share on other sites More sharing options...
Tractor Posted November 13, 2007 Report Share Posted November 13, 2007 I mostly swing trade regular stocks and yes its work for sure. I only go for a couple hundred profit per trade usually thats only around a 2% gain, but thats a major rule "never swing for the fences." Its when you get greedy and hold on to long that you get hit. Evan Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.