View Full Version : Is there anything out there to help me get into Options?
catonsville
Jul 26, 2012, 05:24 AM
How can I get into options without the aid of a broker? Where do I go to buy an option? I had a broker who handled the options for me but he was a crook as far as I am concerned. Would like a "Do-it-Myself" information from start to finish.
WallyHelps
Jul 26, 2012, 05:11 PM
Any online brokerage (https://www.schwab.com/public/schwab/investing) should be able to set you up to trade options.
ProTip: Options investing is a good way to go broke. You not only have to be right about a stock, but also your timing has to be right as well.
Best of luck in your investing,
WallyH
Fr_Chuck
Jul 26, 2012, 06:39 PM
I have never lost so much money in my life as when I fooled with options.
Wondergirl
Jul 26, 2012, 06:55 PM
My friend lost his entire $80,000 inheritance while trading in Options, and he thought he had it all figured out with technical charting.
catonsville
Jul 27, 2012, 06:30 PM
3 for 3 sounds like options are risky. They paint it as very easy money. Guess I will think very seriously of taking a pass . Being
Fr_Chuck
Jul 27, 2012, 07:03 PM
Can you make money, yes, can you get a option call, where the price drops below your purchase price.
I lost , lets say 100s of thouands over one weekend when Gold dropped from 800 dollars a ounce to about 300 dollars in the 1980s , Now the two years before I made 10s of thousands of dollars