Lifeline_ wrote lol ngl i had a brainfart looking at them screenshots

Iofthouse wrote Do you not use candlesticks when doing technical analysis?

Bullish candlesticks indicate entry points for long trades, and can help predict when a downtrend is about to turn around to the upside.

I've never used line graphs to trade?

TTG_Rival wrote

Iofthouse wrote Do you not use candlesticks when doing technical analysis?

Bullish candlesticks indicate entry points for long trades, and can help predict when a downtrend is about to turn around to the upside.

I've never used line graphs to trade?

Yes I do but for the purposes of this post idk who all knows how to read them.

Iofthouse wrote

TTG_Rival wrote

Iofthouse wrote Do you not use candlesticks when doing technical analysis?

Bullish candlesticks indicate entry points for long trades, and can help predict when a downtrend is about to turn around to the upside.

I've never used line graphs to trade?

Yes I do but for the purposes of this post idk who all knows how to read them.

Do you not currency trade at all?

Scizor wrote It's always neat to see Finance/Trading talk on ttg. But I will say options trading is not the way to go for those unexperienced. It's not a get rich quick strategy, and you will absolutely lose money. You might make some money too, but it's probably just going to come down to dumb luck.

Not a bash on OP, but for people new to the topic, options without much research is essentially gambling and you'd probably be better off visiting your local casino. For those that really want to get into finance and investing, the internet is absolutely full of free resources to learn about the trade. A lot of people new to the finance world get interested in options because they see the multiplied (Maybe not the right word?) gains people make and post on forums like /r/wallstreetbets, but the road goes both ways.

It's extremely easy to lose money quickly. Even seasoned people lose large amounts of money on risky hedges. At the end of the day the market isn't always logical and weird shit happens despite common sense.

For people interested in learning more I would recommend reading into investing as whole, get a good understanding of markets as a whole and how investing works. Everyone has their own favorite tools/brokers/websites/blogs/etc, but I think investopedia.com/ is a good start for novices and they have extensive information for free. Also look into paper trading (Think investing but with monopoly money, good way to gain experience with no risk and test what you're learning).

Come up with your own strategies, stay up to date, do your own due diligence and don't just take random stock picks from strangers because they say stonks go up (Not @ OP, just in general when browsing investing forums/blogs/podcasts/etc) .

TTG_Rival wrote

Scizor wrote It's always neat to see Finance/Trading talk on ttg. But I will say options trading is not the way to go for those unexperienced. It's not a get rich quick strategy, and you will absolutely lose money. You might make some money too, but it's probably just going to come down to dumb luck.

Not a bash on OP, but for people new to the topic, options without much research is essentially gambling and you'd probably be better off visiting your local casino. For those that really want to get into finance and investing, the internet is absolutely full of free resources to learn about the trade. A lot of people new to the finance world get interested in options because they see the multiplied (Maybe not the right word?) gains people make and post on forums like /r/wallstreetbets, but the road goes both ways.

It's extremely easy to lose money quickly. Even seasoned people lose large amounts of money on risky hedges. At the end of the day the market isn't always logical and weird shit happens despite common sense.

For people interested in learning more I would recommend reading into investing as whole, get a good understanding of markets as a whole and how investing works. Everyone has their own favorite tools/brokers/websites/blogs/etc, but I think investopedia.com/ is a good start for novices and they have extensive information for free. Also look into paper trading (Think investing but with monopoly money, good way to gain experience with no risk and test what you're learning).

Come up with your own strategies, stay up to date, do your own due diligence and don't just take random stock picks from strangers because they say stonks go up (Not @ OP, just in general when browsing investing forums/blogs/podcasts/etc) .

I would heavily disagree on your part about luck as I have been trading options since I was 15. It's all about developing a system that works for not only your financial aspects but also your emotional capacity. Options are NOT a beginner's level and I am not recommending anyone trade options based on my strategy. This post is purely to educate on POTENTIAL breakouts and I am using options as my example since that is what I trade.