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read up on options
watch the many youtube videos that explain how options work
papertrade to see if you are understanding how the option is working and see it in real time
then try it out on some tickers with various conditions
one of my first options play was with NOK because it is a very stable and slow moving ticker
but that doesn't allow you to experience the big IV swings and such
i blew up my account many times playing risky options
but i kept doing it because once in a while, i'll hit a homerun, like getting 1000%+ return on a NIO call
but guess what? trying to hit a homerun all the time leads to a lot of strikeouts
you can win the game by hitting a bunch of singles and doubles
sure, a grand slam gets on the highlight reel but those base hits win you the game
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2008 E90 M3 / LCI trunk + euro tail swap
Production date - 2008-04-22 |