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Psychic Day Trades

09/13/2020 01:17

OPTIONS... please guys stay away from options if you don’t have at least 3yrs experience. Options are more sophisticated trading than Webull/Robinghood wants you to believe...Let me enlighten you..why does RH/WB make so easy for anyone to trade options? Why do you think they have to ask you those questions about your experience...You go ahead and just lie and instant access. Other broker don’t allow that! WB/RH encourage new traders to trade options and trade on margin? Conflict of interest...their goal is to have you trading as much as possible as frequent as possible thats how they profit..selling your trades to high frequency brokers...no volume no money. They have no safe guards like other brokers for your own protection...they want you to go into a “margin call” so you keep depositing more money and revenge trading.
Free trading/commission free (No such a thing) you are paying In slow executions, poor pricing, oh and the glitches! If you haven’t read the disclaimer, they are not responsible for nothing during outages..you are out of luck. Then there are the ”gurus” w/ IB contracts getting kick backs from the platforms to promote OPTIONS “make thousands with little to no money”
Trading is a get rich slowly scheme...baby steps.
Educate yourself before you set up a naked spread call you saw on a YouTube video. Don’t gamble your money. I’m sock and tired of seeing these con artist invade the internet w/ adds. I recently did research on a trader who makes millions trading options...it turns out that his income actually comes from his 100k ”students“ at $200 a month membership. You do the math.
Don’t be the 90%.
Always be skeptical...if it sounds too good to be true it probably is. If you want to be a trader...slow and steady, small gains add up over time...and never! Never! Use money you cannot afford to lose.
25% of your portfolio. NO HOMERUNS! Because you will strike out more often.
Posting the coin flip probability data again...this is real science taught in universities.
Trade Safe!
Disclaimer: The comments, opinions and analysis expressed herein are for informational and educational purposes only and shoulk not be considered as individual investment advice or recommendations. Webull is not responsible or liable in any way for comments posted by pur users.

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All Comments(3)

ReliantTrader09/13/2020 14:56
awesome post with lots to learn for new traders! 💯👍

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