Is there anyone that has experiences in trading stock option. Would like some lesson in trading them. Send me a message
Hello, not to rain on your parade,but after spending 20yrs in the financial/trading cesspool the BEST OPTION IT TO STAY FAR,FAR AWAY - UNLESS YOU HAVE 100K TO SPEND/LOSE PAYING YOUR "TUITION" - the best way to double your is to fold it over in half & INTO YOUR POCKET - thom
Options are certain financial death in the Philippines….They are hard enough in the West to make money - things turn on a dime. I have tried but have to admit lost in about 80% of attempts to make some money with options and I'm extremely experienced with share trading….done many miles better trading fully paid shares. Screw options. The FP's - they move slower - and you have a tighter grip on circumstances and can get out without losing the lot - or hang on till your sell profit point is realised. In the Philippines with the slow to zero internet speeds….you could get up to take a leak and come back and watch thousands (more likely not watch) thousands of your dollars disappear in the options market. And you can't do anything about it….It has even happened to me in Australia many years ago when the Internet was disappointing….I lost 20k one morning in the late 90's when my broker was in saturation. That said, I think there is a lot of opportunity in the PSE….BPI does have a share trading account option…There are others in Manila, but not sure I'd trust them….Do your research, buy low and sell high….and be patient…and look for signs of doom…It's all about when to buy and when to leave….I do this all the time with Australian resource stocks, for about 20 years….so I have some experience….in both directions…LOL. I have learned some valuable lessons along the way. Lesson number one - PATIENCE. Lesson number two - PATIENCE….. My youngest son is a professional currency trader….he runs on probabilities…and spends most of the 24 hours in a day studying, buying and selling, and in the strategies he develops (not borrows - develops himself - bloody brilliant young man, from his mother of course LOL) - that he gets it right more often than he gets it wrong. He's bloody smart….Had a stellar week on the AUD…car upgrade…coming soon - maybe Italian. He knows every major currency market on the planet - the time to hit them - the times to stay away…It's bloody hard work…international news, national news, market news, government currency plays….etc….
