Options Trading For Beginners  - 5 Tips

Option Trading FOR Beginners - 5 tips

1. Understand the Basics

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2. Educate Yourself

[{"selector":"#anim-a592d3e6-1a32-476e-a43e-4c457cac0bdb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.0658141036401503e-14%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2300,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-65e5202f-9eb3-4f97-a05e-c2f17471bc7b","keyframes":{"transform":["translate3d(-105.92992%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8680ca84-508c-47bd-86b1-4d0619a7b647","keyframes":{"opacity":[0,1]},"delay":0,"duration":2300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-61fdceeb-24e1-4c5d-b509-e415189c60c4","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":2300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-bf1e48b2-5166-4714-9097-9acec36f23c8","keyframes":{"transform":["translate3d(105.69105%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d110da01-fd05-4378-ae9d-c990122efc88","keyframes":{"opacity":[0,1]},"delay":0,"duration":2300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bf6c7767-f784-4023-9b2d-81b21f18dc6f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":2300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-1281977a-1d34-41a6-b939-db03b212311c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Knowledge is key to success. Read books, attend crash course, read online articles to understand options trading strategies and techniques. Good to learn from experienced traders with real examples. Photo by Emre Can Acer-Pexels

3. Develop a Trading Plan

[{"selector":"#anim-4630cbd6-daa1-4a41-b7f0-1fea56d534ec [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.0658141036401503e-14%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2300,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e490732c-10e5-4de5-a8d5-8ee0412e1d11","keyframes":{"transform":["translate3d(-102.52101%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1ef9bbdf-2bf6-4673-bc6a-6c885effe2d9","keyframes":{"opacity":[0,1]},"delay":0,"duration":2300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cfb06654-df3e-416f-b3ea-0f6176829b89","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":2300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-7d84c5fd-630d-41c0-8114-90da94c7a4da","keyframes":{"transform":["translate3d(105.69105%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-adcd3bf9-bda7-45eb-807a-9df28100cc07","keyframes":{"opacity":[0,1]},"delay":0,"duration":2300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-36ef457c-4e4d-4967-bb3e-a5d44ce88671","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":2300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-0a08e804-dce0-4007-bf94-9fa6da6d75b2","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Emotion is your enemy, and a trading plan will help stay disciplined. Decide your capital, strategies, entry and exit criteria and risk to reward ratio. Photo by Tima Miroshnichenko-Pexels

4. Start with Paper Trading

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5. Position Sizing and Risk Management

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THANKS FOR READING

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