MightyOne wrote:Get the greeks out of the way:
http://www.amazon.com/Option-Greeks-Pla ... in+english
and then study option strategy: Iron Condors, Vertical Spreads, etc
before ending with adjusting your options positions.
Your investment strategy might then look like this:
option spreads ---> vanilla options ---> underlying
1) the spreads safely gather 'Space' and can be used alone for monthly income.
2) the space gained from spreads allows you to make long term directional plays with limited risk and unlimited profit.
3) if a trend develops then you can liquidate your options for 'Space' and trade the underlying without fear of personal loss.
With options you can:
bracket the market so that you make money if price stays within a range.
draw a line so that if price stays above/below it you make money.
make trades that you do not have to watch all day long.
& in Stocks & Futures the market actually closes! <-- saves yourself a few early gray hairs.
I must say, for a Forex guy you sure push Stocks and Futures a lot
I've never really considered them because I've always thought you need a lot of money to play that market.
I think I read somewhere that Stocks/Options/Futures were your bread-n-butter. Is that where you do most of your trading?
I don't know if Greek meant scalping or not but after I left Kreslik a couple of years ago, I banded together with a bunch of people around the globe following this Greek named Theo and we scalped on 2m charts and then Renko charts.