Option Trading : What Kinds of Mistakes Do New Traders Make?

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Tom Sosnoff and Tony Battista discuss the most common mistakes new traders make. They talk about not putting on enough occurrences, not getting enough premium, choosing the wrong strikes and more.

Comments

cdowis says:

Newbie mistake == open a new position but the buy or close on the new position "steps" on the same option in another spread and closes it. Instead of two separate spread you end up with one crippled, weird spread.
Happened to me today

Kurtie7 says:

Thank you very much…

Anand Sharma says:

Extremely relevant …. seems like someone showed me a mirror!

Noah Jackson says:

put the cherry over the apple lol!

Rebecca Cox says:

Helpful posts for every binary options trader. I can ensure that every traders will get benefit from these. Just Search Google; "Quick Dollar Academy" this system make 2496 dollars/day.

Randy Bailin says:

Rule 1 for beginners is to not trade in options. If you can't perform reasonably well trading the underlying stock, you certainly won't succeed trading options.

Tis'ur"Master'" says:

forget trading, just give your money to the broker. All the commission paid to the broker…

chalemi says:

OMG! What he has said up to the 8:00 minute mark, could have been said in one tenth the words. He's talked about basketball, casinos…come on. Not everyone with knowledge, has the skills to teach. This could easliy have been done in 8-10 minutes.

Austin Reed says:

With your expertise, what binary option broker would you recommend be the best for beginners?

Stephen Williams says:

Why am i always at a lost in following anything you guys trying to impart. Frustrated.

JR Bennett says:

Tom, your soo right. Alot, of economist have no clue how finance really works. They have no real market experience. They rely too much on dot plots.

James Morris says:

Experience will be the best education you ever get on the market. When you first start you will most likely lose money, however being able to learn from your mistakes is what will really determine if you're cut out for trading. Real traders don't gamble, they analyze and study the market. They create a strategy that makes money. TastyTrade, keep up the good work!

Corporate Algorithm says:

This is excellent content. Thank you

the business handler says:

Number of occurrences I like it

Henrik Rubin says:

I was wondering if you guys can recommend a platform that you believe is the best or most useful for trading options? Thanks for your help.

Barney Qt says:

I'm using Think or swim paper trade platform and I don't know how to exit or close a trade early. I assumed that I am obligated to wait it out until expiration (because of the credit I received)? For example, I have bear call spreads and bull put spreads that made me a profit but I don't know how to close. I also made an Iron Condor on Google that fluctuates like crazy, sometimes I'm 4K profit or 12k loss in a matter of minutes. My question is that is it possible to close my iron condor if I see that it's currently at profit before expiration? Will I keep that profit if I close before expiration? The theory aspect I can swallow but it's kind of challenging once you have to incorporate that theory into practical terms and knowing the ins and outs of the platform.

Bhaskar Kaushal says:

According to his stratergy at 17:59 one needs to sell only when then there are surplus of buyers in the market .But isn't it the fact that with the increased number of buyers chances of stock price uprisal are more .So why would a person would want to sell at that time ?

Beverly Cheney says:

Always practice safety.

danphillyman says:

Happy holidays!!       Were  learning too fast, what not to do, what we should've done, and what works well… before I go to day trading, Im finding out directional positions aren't too kind…. I like the straddles and strangles and like the cushion an  ITM straddle lends… just enough to sell the loser before losing more than your making on the winners… Is this accurate with you as well?What are some of your personal  favorite strategies…?

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