by springrain » Sun Oct 04, 2020 2:20 pm
I’ve been trading options for quite a while.
There are so many factors to … erm … factor in, such as what stock is available in the number of ‘ticks’ you want to trade (They’re not always available in the tick count that you want.), time frames, strikes & premiums (often, there is a minimum & maximum stipulated) and so on.
You mentioned mining stocks. I’d love to be able to help, but I can’t, really, as I don’t touch individual company stocks - there are far too many unknown variables, for my liking. But the fact that they are minor stocks means that the time frame is bound to be more risky - that established companies always do well over a longer time frame is a useful adage.
As for GMJS’s comment, I never dabble with straddles or strangles either, for the same reason. It takes a far braver heart than mine to cope with so-called ‘synthetic’ indices.
What platform were you thinking of using?
There are so many, but they are all very different in some aspects. I used to trade with City Index, but I can’t use that from Cambodia. DTrader is neat.
I like relatively simple, clear platforms, free of clutter - opinion-driven indicators & so on. Some sites urge you to ‘know the Greeks’ - Thetas, Deltas & Gammas etc.
I am tempted to quote Virgil: ‘I fear the Greeks, even when they bear gifts.’!
Anyway, try out a few different platforms, first. Many allow you to have a ‘Demo Account’, so your friend can get a good feel for it. I think there’s a good stock simulator on ‘investopedia.com’.
Good luck with that!
I mean, your friend, of course.
I’ve been trading options for quite a while.
There are so many factors to … erm … factor in, such as what stock is available in the number of ‘ticks’ you want to trade (They’re not always available in the tick count that you want.), time frames, strikes & premiums (often, there is a minimum & maximum stipulated) and so on.
You mentioned mining stocks. I’d love to be able to help, but I can’t, really, as I don’t touch individual company stocks - there are far too many unknown variables, for my liking. But the fact that they are minor stocks means that the time frame is bound to be more risky - that established companies always do well over a longer time frame is a useful adage.
As for GMJS’s comment, I never dabble with straddles or strangles either, for the same reason. It takes a far braver heart than mine to cope with so-called ‘synthetic’ indices.
What platform were you thinking of using?
There are so many, but they are all very different in some aspects. I used to trade with City Index, but I can’t use that from Cambodia. DTrader is neat.
I like relatively simple, clear platforms, free of clutter - opinion-driven indicators & so on. Some sites urge you to ‘know the Greeks’ - Thetas, Deltas & Gammas etc.
I am tempted to quote Virgil: ‘I fear the Greeks, even when they bear gifts.’!
Anyway, try out a few different platforms, first. Many allow you to have a ‘Demo Account’, so your friend can get a good feel for it. I think there’s a good stock simulator on ‘investopedia.com’.
Good luck with that!
I mean, your friend, of course.
