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Direxion Daily Financial Bull 3X ETF Message Board

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  • xtradersdotnet xtradersdotnet Dec 1, 2011 12:44 PM Flag

    hello boys, new posting but reading for a while

    sorry for the late reply, message board were not working correctly yesterday.

    I was going to say i really don’t read books anymore, sorry but i like instant answers to my ?'s and books just dont cut it. Sign of the times huh...

    but in general i wanted to point out a few things on options

    1) they expire so sooner or later you will have to close out your position
    2) they are very volatile (this is a good thing to me)
    3) they are a great way to control large positions without putting up a lot of cash.
    4) you still earn dividends on them
    5) if you are not careful they can wipe you out.

    honestly the best way to learn is just do it. Open up a account and use the paper trading that most firms have, its a great way to use pretend money in the real market and not worry.

    any advice i will gladly help out, i keep my options trading simple, they can be very complex if you wish them to be. I stick with collars, long and short calls puts and sell covered calls. Each has an advantage and disadvantage.


    xtraders . net

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