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    catonsville's Avatar
    catonsville Posts: 894, Reputation: 91
    Senior Member
     
    #1

    Jul 26, 2012, 05:24 AM
    Is there anything out there to help me get into Options?
    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's Avatar
    WallyHelps Posts: 1,018, Reputation: 136
    Ultra Member
     
    #2

    Jul 26, 2012, 05:11 PM
    Any online brokerage 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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #3

    Jul 26, 2012, 06:39 PM
    I have never lost so much money in my life as when I fooled with options.
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
    Jobs & Parenting Expert
     
    #4

    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's Avatar
    catonsville Posts: 894, Reputation: 91
    Senior Member
     
    #5

    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #6

    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

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