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re: Options Trading Thread

Posted on 4/15/24 at 12:22 pm to
Posted by Drizzt
Cimmeria
Member since Aug 2013
12932 posts
Posted on 4/15/24 at 12:22 pm to
Thanks for the thorough response. I signed up for a TastyLive account (new name for TastyTrade education site) and bought some Audible books. Looking forward to learning more. I have a background in statistics and probability analysis so I think this type of trading is interesting.
Posted by Jag_Warrior
Virginia
Member since May 2015
4126 posts
Posted on 4/16/24 at 8:39 pm to
quote:

I have a background in statistics and probability analysis so I think this type of trading is interesting.


Then you’ll love the world of options. I don’t even think about going back to 50/50 stock trading. I still invest in equities for longer term capital appreciation. But I trade options for near term income. It’s less capital intensive and the probability of profit (POP) is there for you to assess before making the trade.
Posted by dragginass
Member since Jan 2013
2769 posts
Posted on 4/16/24 at 9:04 pm to
It's probably been mentioned, but the Option Alpha podcast with Kirk Duplessis is a great resource for new traders. Between that podcast and Tasty on YouTube, you should have plenty to learn for a year or so!
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