This guide walks you through how to set up an online brokerage account and start trading options. But most importantly, this guide reminds you to make sure you have a clear idea of what you hope to accomplish. Options can play many different roles in a portfolio, and having a goal helps you strategize more efficiently.
In this guide, I share the three truths about trading options that most people don’t know when starting out. Included is an easy-to-understand explanation of calls and puts, as well as how to pick the right option trade and calculate the risk and reward. You’ll also learn about three major factors that determine option prices and therefore, your profit potential.
This is my complete breakdown to all the technical analysis I use when trading or when making recommendations. It explains the anatomy of a chart pattern and the various technical indicators and overlays to help you identify them. Plus, it features full illustrations and explanations of all of the chat patterns I use most frequently in The Breakout Alert – and lays out exactly how to use them.