Big Time Lurker, First Time Poster Looking to Develop My Game

Discussion in 'Options' started by ChicagoPizzainCali, Jan 11, 2018.

  1. AlexxS


    Thank you for pointing out the SEC rules. Do you mean the document here? I'm going to start reading it this weekend. Anything in specific I should pay attention to?
    #11     Jan 12, 2018
  2. ironchef


    OP is not gambling, OP is taking risk, trading options using a method he/she believes gives positive expectancy.

    I give OP credit for studying and reading up before started to trade.

    Good luck and welcome to the option traders club.
    #12     Jan 12, 2018
    ChicagoPizzainCali likes this.
  3. spindr0


    What does reading that have to do with being ready to trade?
    #13     Jan 12, 2018
  4. Thanks for all the great replies! I wish I had time to reply to each post, but I'm looking for a new spread. I must say, y'all are way nicer than most forums... A newb like me would probably be trolled out of another forum by now.

    I'm getting a huge psychological takeaway from the thread and I'm interested how I'll respond when the market eventually goes against me.

    I'm aware that the risk I'm accepting would be considered more of a gamble than an investment. I keep my positions small relative to my bankroll.

    I'm gonna read SEC 15c3-1, but I'm gonna keep trading even if I haven't read it.

    I'm looking forward to chatting with everybody and hopefully making new friends. Thanks again everyone!
    #14     Jan 12, 2018
    spy guy likes this.
  5. I'm always down for pizza...
    #15     Jan 12, 2018
  6. This worries me a little... Maybe I'm an addict.
    #16     Jan 12, 2018
  7. Overnight


    Damnit, don't go pizza and stuff...Take pizza to a different forum. Destroy death hell. Can't get into it here, this is option forum. *bristles*
    #17     Jan 12, 2018
  8. Actually, sometimes I wonder if I should take gains on a spike, or if I should hold and squeeze every penny until expiration. So far, I've squeezed every penny. I welcome any decision criteria on this.
    #18     Jan 12, 2018
  9. Anybody that can break down options with pizza, must become a friend of mine.
    #19     Jan 12, 2018
  10. OK, so I started reading and so far it is a bunch of stuff for broker/dealers. Is there a section I should focus on?
    #20     Jan 12, 2018