There are a few different types of option traders. One kind of option trader is very aggressive and known as a "day trader". Day Traders use a lot of money and are in and out of their trades all day. When you trade this way, you aren't usually able to hold a position over night since this style requires constant attention. This is an incredibly stressful way to trade. I had a conversation with a day trader who had to work sixty to eighty hours a week in order to trade options successfully. But how successful was he really? If he was having any success and making money, why did he call me looking for new ways to trade options?
The other flavor of option trader is one who trades to make money, but doesn't spend endless hours every day in front of a computer. There are multiple types of strategies that can be used to trade like this. One of the more popular strategies is called a Credit Spread. Traders do Credit spreads on stocks and on the indices. Whatever way you choose to trade, Credit Spreads are still very risky as they cannot handle the drastic changes that happen in the stock market.
Those were the two more common styles of option traders. However, there is a less common strategy out there where traders trade over earnings reports. This is a very exciting way to trade options and it can actually be very rewarding. The excitement comes from the amount of risk and luck that come into play when you trade this way. Back testing is a good way to help predict what might happen over earnings, but there is still a long on uncertainty involved in this style of trading.
All the strategies I just mentioned all come with a great deal of risk. There is another type of option trader out there who is doing his best to manage his savings account. He normally tries to take on less risky trades than other traders. He's more likely to use the two strategies with the least risk available. These strategies are known as Broken Wing Butterfly and Unbalanced Condors and are amongst the least risky trade strategies available for options trades. They can allow trader to trade with minimal risk; in most cases only one to two percent on any given trade.
San Jose Options offers a course that focuses on low-risk option strategies. You may have noticed that options mentoring courses are slowly starting to catch on, but rest assured, San Jose Options has been training students on these strategies, and more, for many years. They specialize in the Broken Wing Butterfly and Unbalanced Condors and their courses are designed for those who are retired and those who wish to invest with options without all the risk. I highly recommend looking to San Jose Options for safer trading strategies.
The other flavor of option trader is one who trades to make money, but doesn't spend endless hours every day in front of a computer. There are multiple types of strategies that can be used to trade like this. One of the more popular strategies is called a Credit Spread. Traders do Credit spreads on stocks and on the indices. Whatever way you choose to trade, Credit Spreads are still very risky as they cannot handle the drastic changes that happen in the stock market.
Those were the two more common styles of option traders. However, there is a less common strategy out there where traders trade over earnings reports. This is a very exciting way to trade options and it can actually be very rewarding. The excitement comes from the amount of risk and luck that come into play when you trade this way. Back testing is a good way to help predict what might happen over earnings, but there is still a long on uncertainty involved in this style of trading.
All the strategies I just mentioned all come with a great deal of risk. There is another type of option trader out there who is doing his best to manage his savings account. He normally tries to take on less risky trades than other traders. He's more likely to use the two strategies with the least risk available. These strategies are known as Broken Wing Butterfly and Unbalanced Condors and are amongst the least risky trade strategies available for options trades. They can allow trader to trade with minimal risk; in most cases only one to two percent on any given trade.
San Jose Options offers a course that focuses on low-risk option strategies. You may have noticed that options mentoring courses are slowly starting to catch on, but rest assured, San Jose Options has been training students on these strategies, and more, for many years. They specialize in the Broken Wing Butterfly and Unbalanced Condors and their courses are designed for those who are retired and those who wish to invest with options without all the risk. I highly recommend looking to San Jose Options for safer trading strategies.
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