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Adding to my thoughts above, if I was not employed and had a lot of time, I would educate myself on how options and futures work and start learning the tools pe
by mattbrewsbytes 5y ago
Adding to my thoughts above, if I was not employed and had a lot of time, I would educate myself on how options and futures work and start learning the tools people use to determine risk factors. I believe this is what "trading desk" wall street professionals do, with much larger amounts. Once I grasped the details then I'd paper trade some things to keep learning before starting with small amounts.
There is a fair amount of freely available info on how this works and I have a hunch that there is some math involved, which possibly means programming :), to determine lower risk trade positions that could be profitable. You'd have to factor in taxes into these equations since they would be considered short trades (< 1 year).
- 2-718-281-828 5y agoI just have trouble believing that I could pull that off as a private low-end investor. There shouldn't be any financial opportunities waiting for somebody like me at a market involving much more experienced folks plus HFT companies, banks etc. But I agree, it's and interesting idea. Being a news addict the idea of leveraging this into informed decisions sounds great. But I guess it's not for me.
- victor106 5y agowhat is a good resource to learn options. Lot of books have the theory and I seem to get it but any resource that has a more practical approach using some form of paper money would be great
- mattbrewsbytes 5y agoI would start with "Options trading for beginners" by a school teacher [0]. He does have all the usual youtube monetization stuff going on if that bothers you. There are other youtube videos as well if you search for options trading. At least this helped explain some of the vocabulary and how things work. [0] https://www.youtube.com/watch?v=wDFj310VJlM https://www.youtube.com/watch?v=wDFj310VJlM