Your First Time Trading Options
Your first time trading options can be hard. Options get their value from the underlying price of a stock, and they give traders the right (but not obligation) to buy or sell the stock at a pre-set price.
If we can compare trading stocks to gambling in a casino (traders bet against the house with hopes of getting lucky), then let’s say your first time trading options is like betting on a horse race: Everyone is betting against each other, while the racetrack takes a small cut from each bet.
This means that whatever the option buyer gains from their win is the option seller’s loss.
While everyone loves to be the person who gains everything, trading options can also be a fast way for beginners to lose all their money. But it doesn’t have to be that way…
Your First Time Trading Options
Have you ever wondered how traders use options trading to turn small stock moves into massive profits?
Well today, you’re in luck because I’ve joined James West, another expert in the options trading game, to show how you can make large amounts of money in short periods of time even if this is your first time trading options (and even if it’s not).
We’re going to go through options trades we’ve just initiated, our favorite investment platform and how to scan the market for the next best opportunity to double your money.