For seasoned traders: Sophisticated option strategies offer enhanced control, income generation, and potential downside protection, but require advanced knowledge and active management.
For beginners: If you're new to options, consider starting with long calls, a straightforward and accessible strategy. However, it's essential to understand the associated risks and start with a modest position size.
For novice traders (like myself): Stick to traditional stock trading, focusing on buying low and selling high. Consider leveraging ETFs in opportune situations to amplify potential gains.
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- Hen Solo·06-10TOPI still need to learn 😊LikeReport
- Tui Jude·06-10TOPI don’t trade options yet, too risky until I can understand them more. Also I don’t want to get recognised by the IRD as a day trader! Taxed at 33%! Highway robbery! And no tax break for losses, unless you are a business. Outrageous. I’ll stick to common stocks, too much excitement for this little bird haha.LikeReport