Here's why most people get DESTROYED with stock options.
It's very simple...
Stock options are simply a way to magnify an expected return.
The problem? Most people have zero clue what way a stock is likely to go.
They buy cause "it's going up" They sell cause "it's going down"
Minimal logic behind it.
So if you don't have a high degree of confidence the direction the stock is going to move form the get go, you shouldn't make a "magnified bet" by doing options...
You work hard for your money. Quit playing games with garbage plays. Only use options when you have a concrete thesis & did your homework.
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Here's why most people get DESTROYED with stock options.
It's very simple...
Stock options are simply a way to magnify an expected return.
The problem?
Most people have zero clue what way a stock is likely to go.
They buy cause "it's going up"
They sell cause "it's going down"
Minimal logic behind it.
So if you don't have a high degree of confidence the direction the stock is going to move form the get go, you shouldn't make a "magnified bet" by doing options...
You work hard for your money.
Quit playing games with garbage plays.
Only use options when you have a concrete thesis & did your homework.