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Options Trading by Ann Logue

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CHAPTER7

Beginning Options Trading

In This Chapter

  • Trading accounts
  • Placing orders
  • Basic options strategies
  • Closing out an options trade

Let me start with a warning. I once talked to the management of a derivatives brokerage that specialized in day traders—smaller investors interested in fast trading. The firm’s problem was customer retention because a huge percentage of new customers lost money and quit. (The phenomenon is so common that some trading scams have involved simply taking customer money and not executing any of the trades placed. These scams are only uncovered when the rare successful trader tries to cash out.)

It is easy to lose ...

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