Options trading is the most lucrative business anyone could ever have in their life, provided you know how to entering move the right pawns at the right time. One can bring consistency in trading provided they have the skills, technological advanced and the mentality to stick around in any situation whatsoever. So let’s jump in to understand how to learn options trading.
But the well-known secret is where to trade options and what gives you the information to trade particular option.
There are traders of different types, who trade in different instruments and time frames, I am sharing my experience purely from an Intraday Index trading experience.
Personality Fit :
Sitting for hours in front of the screen for 5 to 6 hours at least.
Ability to manage stress all through.
Ability to take decisions on ones own and in stressful situations
Ability to spend time with oneself reflecting LiveJournal
Ability to spend hours reading, analyzing, researching by oneself
Follow a routine and be serious about the business of trading, by putting in hours day in and day out for at least 2 to 3 years to start with.
Technology for trading:
A Laptop or a PC configuration
Basic laptop with at least 4 GB of RAM and 500 GB of storage space
Affiliate link: Lenovo IdeaPad 520 15.6-inch Laptop (7th Gen Core i5-7200U/8GB/1TB/Windows 10/4GB Graphics)
A fast speed Broadband connection which stream the live price movements of stocks from the exchange.
High speed internet connection, preferable 4 G got better access
Affiliate link: TP-Link TL-WR841N 300Mbps Wireless-N Router
The next question is the knowledge of trading options. I have given you almost everything you need to know about trading options with respect to the theory in the video on YOUTUBE!
However you will still not be able to trade options a right out of the bed.
Like a child grows there are stages of you knowing the knowledge of trading options.
- The first one is the knowledge of Technical Analysis.
- Next big thing is to know why trade Options!
- How to trade Options!
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Watch more about technical analysis in the following video!
Thanks for reading!